D-Wave Quantum Inc./$QBTS
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About D-Wave Quantum Inc.
D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.
Ticker
$QBTS
Sector
Software & Cloud Services
Primary listing
NYSE
Employees
218
Headquarters
Website
QBTS Metrics
BasicAdvanced
$6.5B
-
-$1.10
1.40
-
Price and volume
Market cap
$6.5B
Beta
1.4
52-week high
$20.56
52-week low
$3.74
Average daily volume
37M
Financial strength
Current ratio
42.987
Quick ratio
42.583
Long term debt to equity
5.529
Total debt to equity
5.759
Interest coverage (TTM)
-38.77%
Profitability
EBITDA (TTM)
-77.348
Gross margin (TTM)
82.46%
Net profit margin (TTM)
-1,263.92%
Operating margin (TTM)
-353.14%
Revenue per employee (TTM)
$100,000
Management effectiveness
Return on assets (TTM)
-10.86%
Return on equity (TTM)
-83.70%
Valuation
Price to revenue (TTM)
218.103
Price to book
9.29
Price to tangible book (TTM)
9.3
Price to free cash flow (TTM)
-91.202
Free cash flow yield (TTM)
-1.10%
Free cash flow per share (TTM)
-0.208
Growth
Revenue change (TTM)
120.20%
Earnings per share change (TTM)
159.76%
3-year revenue growth (CAGR)
48.40%
3-year earnings per share growth (CAGR)
-56.06%
Bulls say / Bears say
D-Wave’s Q2 revenue climbed 42% year-over-year to $3.1 million, with GAAP gross profit also up 42%, and a record-high cash balance of $819.3 million supporting expanded R&D and strategic projects. (Reuters)
Signed a memorandum of understanding with Yonsei University and Incheon Metropolitan City to speed up quantum computing adoption, opening the door for a potential Advantage2 system sale that could meaningfully increase revenue. (Barron's)
Launched its sixth-generation Advantage2 quantum computer through the Leap cloud service, providing better qubit connectivity, lower noise, and higher energy scale to tackle optimization and AI tasks beyond classical capabilities. (Barron's)
Despite revenue growth, D-Wave reported a Q2 GAAP net loss of $167.3 million due to non-cash warrant remeasurement charges, highlighting ongoing unprofitability. (Barron's)
Frequent equity offerings, including a $400 million at-the-market program this quarter, show D-Wave’s reliance on capital markets to fund its operations, since no pure-play quantum computing company has achieved profitability yet. (Barron's)
CEO Alan Baratz has suggested it could take five to ten years to achieve large-scale, fault-tolerant quantum computing, indicating meaningful commercial returns may still be years away. (Barron's)
Data summarised monthly by Lightyear AI. Last updated on 2 Sept 2025.
QBTS News
AllArticlesVideos
Quantum Stock Tracker: Nvidia Backs Quantinuum; D-Wave, IonQ Announce New Execs
Benzinga1 week ago
D-Wave to Participate in Leading Technology Events in September, Showcasing the Growing Global Impact of its Quantum Computing Technology
Business Wire1 week ago
What NVIDIA's Big Bet on Rival Quantinuum Means for D-Wave Stock
MarketBeat1 week ago
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FAQs
What’s the current market cap for D-Wave Quantum Inc. stock?
D-Wave Quantum Inc. (QBTS) has a market cap of $6.5B as of September 17, 2025.
What is the P/E ratio for D-Wave Quantum Inc. stock?
The price to earnings (P/E) ratio for D-Wave Quantum Inc. (QBTS) stock is 0 as of September 17, 2025.
Does D-Wave Quantum Inc. stock pay dividends?
No, D-Wave Quantum Inc. (QBTS) stock does not pay dividends to its shareholders as of September 17, 2025.
When is the next D-Wave Quantum Inc. dividend payment date?
D-Wave Quantum Inc. (QBTS) stock does not pay dividends to its shareholders.
What is the beta indicator for D-Wave Quantum Inc.?
D-Wave Quantum Inc. (QBTS) has a beta rating of 1.4. This means that it is more volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 2 would indicate the stock moves twice as much as the market.