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QBTS Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
30.160
Open
28.800
VWAP
29.24
Vol
36.38M
Mkt Cap
11.05B
Low
27.420
Amount
1.06B
EV/EBITDA(TTM)
--
Total Shares
366.74M
EV
10.61B
EV/OCF(TTM)
--
P/S(TTM)
826.67
D-Wave Quantum Inc. is a quantum computing company, which is engaged in the development and delivery of quantum computing systems, software, and services. The Company builds and delivers systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. The Company's products include Cloud Platform, Systems, Professional Services, and others. Under its Cloud Platform, the Leap quantum cloud service delivers immediate, real-time access to its quantum computers and hybrid solvers services. Under its Systems, the Advantage quantum system is a quantum computer designed for business. It also offers quantum applications to a range of customers, including resource scheduling, factory scheduling, industrial construction design, drug discovery, and others. It offers solutions across workforce scheduling, production scheduling, vehicle routing, resource optimization, and cargo loading.
Show More

Events Timeline

(ET)
2026-05-27
15:40:00
D-Wave Quantum Responds to Claims of Quantum Supremacy Being Overturned
select
2026-05-26 (ET)
2026-05-26
12:10:00
D-Wave Quantum Shares Drop 9.5% to $26.61
select
2026-05-26
10:10:00
D-Wave Quantum Stock Falls 9.7% to $26.55
select
2026-05-26
07:20:00
D-Wave Quantum Awarded $25 Million Funding
select
2026-05-22 (ET)
2026-05-22
12:10:00
D-Wave Quantum Stock Rises 19.6% to $30.78
select
2026-05-22
09:00:00
TD Cowen Sees $2B Funding for Quantum Ecosystem as Positive for GFS, QBTS, RGTI
select
2026-05-21 (ET)
2026-05-21
16:30:00
Nasdaq Rises on Nvidia Earnings Report
select

News

Fool
2.0
05-28Fool
Rigetti Computing Shares Surge 9.63% Amid Quantum Funding News
  • Stock Surge: Rigetti Computing's shares rose by 9.63% to close at $27.03, extending gains from last week following news of U.S. government funding for domestic quantum firms, indicating strong market confidence in the quantum computing sector.
  • Volume Spike: Trading volume reached 85.2 million shares, approximately 146% above the three-month average of 34.7 million shares, reflecting heightened investor interest and activity in the quantum computing space.
  • Positive Market Outlook: Since its IPO in 2021, Rigetti's stock has surged 173%, with over 60% gains in the past week, demonstrating rapid growth in the quantum computing industry that is attracting significant investor attention.
  • Industry Potential: The Boston Consulting Group forecasts that the quantum computing market could create $450 billion in economic value by 2040, and while Rigetti's stock may experience short-term volatility, its leadership in superconducting quantum processors positions it well for long-term success.
NASDAQ.COM
2.0
05-28NASDAQ.COM
Rigetti Computing Shares Surge Nearly 10% Amid Quantum Funding News
  • Stock Performance: Rigetti Computing closed at $27.03 on Thursday, up 9.79%, driven by the U.S. government's funding program for domestic quantum firms, indicating strong market confidence in the quantum computing sector.
  • Surge in Trading Volume: The trading volume reached 85.2 million shares, approximately 146% above the three-month average of 34.7 million shares, reflecting heightened investor interest and active market participation in the quantum computing industry.
  • Industry Outlook: Since its IPO in 2021, Rigetti's stock has surged 173%, with over 60% gains in the past week, particularly following the announcement of over $2 billion in grants to nine quantum firms, showcasing robust growth potential in the sector.
  • Market Potential: The Boston Consulting Group forecasts that the quantum computing market could generate $450 billion in economic value by 2040, and while Rigetti's stock may experience short-term volatility, its leadership in superconducting quantum processors positions it well for long-term success.
Fool
5.0
05-28Fool
Quantum Computing Stocks Insider Selling Raises Concerns
  • Insider Selling Warning: Executives at IonQ, Rigetti, and D-Wave have collectively sold $931 million more in stock than they purchased over the past five years, indicating potential concerns about the companies' future prospects, which could undermine investor confidence.
  • Market Performance Comparison: Despite quantum computing stocks boasting trailing returns of up to 6,217% over the past year, the ongoing insider selling behavior may suggest overvaluation, impacting the market's long-term outlook on the sector.
  • Lack of Buying Interest: During the same period, insiders at IonQ spent only $3.35 million on company shares, with Rigetti and D-Wave's purchases even lower at $625,000 and $309,080 respectively, reflecting a lack of confidence in future growth.
  • Valuation Bubble Risk: Currently, IonQ, Rigetti, and D-Wave have price-to-sales ratios of 109, 836, and 791, respectively, significantly exceeding the historically sustainable level of 30, suggesting a potential risk of a market bubble burst.
NASDAQ.COM
2.0
05-28NASDAQ.COM
Quantum Computing Stocks Ignite Investor Excitement
  • Insider Selling: Over the past five years, insiders at IonQ, Rigetti, and D-Wave have collectively sold approximately $931 million more in shares than they purchased, indicating concerns about the companies' future prospects despite the massive potential of the quantum computing market, projected to generate $850 billion in economic value by 2040.
  • Overvalued Stocks: Currently, IonQ, Rigetti, and D-Wave have price-to-sales ratios of 109, 836, and 791, respectively, significantly exceeding the historically sustainable level of 30, suggesting that market expectations for these early-stage companies may be overly optimistic, warranting caution from investors.
  • Weak Insider Buying: During the same period, insiders at IonQ spent only $3.35 million on their company's shares, with even lower amounts for Rigetti and D-Wave at $625,000 and $309,080, respectively, reflecting a lack of confidence among executives regarding the companies' future performance.
  • Historical Trend Warning: Over the past 30 years, many emerging trends have experienced bubble bursts, and with quantum computing still lacking widespread adoption, investors should be wary of potential market corrections, especially given the current high stock prices.
Fool
8.5
05-27Fool
U.S. Government Invests in Quantum Computing Firms
  • Government Investment Plan: The U.S. government is set to invest up to $100 million each in D-Wave Quantum, Rigetti Computing, and Infleqtion as part of a $2 billion infusion into the quantum computing sector, aiming to accelerate the commercialization of quantum technologies, although these investments are still considered highly speculative.
  • D-Wave Quantum Development: D-Wave Quantum focuses on quantum annealing technology and has begun selling its Advantage II systems to commercial clients, planning to use government funding to expedite the development of a 10,000-qubit gate-model system, aiming for breakthroughs in optimization problems to enhance its market competitiveness.
  • Rigetti Computing Challenges: While Rigetti Computing's quantum systems are estimated to be 1,000 times faster than traditional technologies, the company has struggled with accuracy issues and has not yet reached Stage B of the U.S. Defense Advanced Research Projects Agency's Quantum Benchmarking Initiative; government investment will be directed towards addressing its technical challenges in superconducting quantum computing.
  • Infleqtion's Market Positioning: Infleqtion went public through a SPAC merger, focusing on quantum sensing and precision timing tools, securing U.S. and U.K. government clients, and plans to utilize government funding to continue developing its neutral-atom quantum systems, aiming for a two-gate fidelity of 99.9% in 2024.
NASDAQ.COM
8.5
05-27NASDAQ.COM
U.S. Government Invests in Quantum Computing Firms
  • Government Investment Plan: The U.S. government is set to invest up to $100 million each in D-Wave Quantum, Rigetti Computing, and Infleqtion, aiming to accelerate advancements in quantum computing technology and enhance market competitiveness.
  • D-Wave Quantum's Strategy: D-Wave is advancing both quantum annealing and traditional gate-based quantum computing systems, leveraging government funding to expedite the development of a 10,000-qubit gate model, which is expected to strengthen its market position in solving optimization problems.
  • Rigetti's Accuracy Challenges: While Rigetti's quantum systems are estimated to be 1,000 times faster than traditional technologies, accuracy issues remain unresolved, and the company has not yet progressed to Stage B of the U.S. Defense Department's Quantum Benchmarking Initiative; government investment will be directed towards addressing these technical challenges.
  • Infleqtion's Market Positioning: Infleqtion focuses on quantum sensing and precision timing tools, securing government contracts, and its neutral atom technology allows its quantum computers to operate at room temperature; government funding will support the continued development of this innovative technology.
Wall Street analysts forecast QBTS stock price to rise
13 Analyst Rating
Wall Street analysts forecast QBTS stock price to rise
13 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
35.00
Averages
40.67
High
48.00
Current: 0.000
sliders
Low
35.00
Averages
40.67
High
48.00
Canaccord
Buy
downgrade
$43 -> $41
AI Analysis
2026-05-13
Reason
Canaccord
Price Target
$43 -> $41
AI Analysis
2026-05-13
downgrade
Buy
Reason
Canaccord lowered the firm's price target on D-Wave Quantum to $41 from $43 and keeps a Buy rating on the shares. The firm updated its model following Q1 results where bookings surged as the gate model roadmap became tangible. Management raised system sales cadence from one per year to 2-3, with at least two deliveries committed in 2026 implying additional unannounced wins already deep in negotiation.
Mizuho
Outperform
to
Outperform
downgrade
$31 -> $29
2026-05-13
Reason
Mizuho
Price Target
$31 -> $29
2026-05-13
downgrade
Outperform
to
Outperform
Reason
Mizuho lowered the firm's price target on D-Wave Quantum to $29 from $31 and keeps an Outperform rating on the shares. The firm adjusted estimates post the March quarter report, saying the company posted strong bookings.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for QBTS
Unlock Now

Valuation Metrics

The current forward P/E ratio for D-Wave Quantum Inc (QBTS.N) is 0.00, compared to its 5-year average forward P/E of -20.10. For a more detailed relative valuation and DCF analysis to assess D-Wave Quantum Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-20.10
Current PE
0.00
Overvalued PE
12.15
Undervalued PE
-52.34

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-18.05
Current EV/EBITDA
-6.54
Overvalued EV/EBITDA
12.63
Undervalued EV/EBITDA
-48.72

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
75.11
Current PS
128.21
Overvalued PS
187.35
Undervalued PS
-37.14

Financials

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Whales Holding QBTS

M
Mubadala Investment Company PJSC
Holding
QBTS
+59.13%
3M Return
D
Defiance ETFs, LLC
Holding
QBTS
+44.02%
3M Return
C
Clear Street LLC
Holding
QBTS
+28.37%
3M Return
F
Foundations Investment Advisors LLC
Holding
QBTS
+18.40%
3M Return
M
Marex Group plc
Holding
QBTS
+17.89%
3M Return
Y
Yarbrough Capital, LLC
Holding
QBTS
+17.52%
3M Return

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Frequently Asked Questions

What is D-Wave Quantum Inc (QBTS) stock price today?

The current price of QBTS is 30.14 USD — it has increased 2.2

What is D-Wave Quantum Inc (QBTS)'s business?

D-Wave Quantum Inc. is a quantum computing company, which is engaged in the development and delivery of quantum computing systems, software, and services. The Company builds and delivers systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. The Company's products include Cloud Platform, Systems, Professional Services, and others. Under its Cloud Platform, the Leap quantum cloud service delivers immediate, real-time access to its quantum computers and hybrid solvers services. Under its Systems, the Advantage quantum system is a quantum computer designed for business. It also offers quantum applications to a range of customers, including resource scheduling, factory scheduling, industrial construction design, drug discovery, and others. It offers solutions across workforce scheduling, production scheduling, vehicle routing, resource optimization, and cargo loading.

What is the price predicton of QBTS Stock?

Wall Street analysts forecast QBTS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QBTS is40.67 USD with a low forecast of 35.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is D-Wave Quantum Inc (QBTS)'s revenue for the last quarter?

D-Wave Quantum Inc revenue for the last quarter amounts to 2.86M USD, decreased -80.95

What is D-Wave Quantum Inc (QBTS)'s earnings per share (EPS) for the last quarter?

D-Wave Quantum Inc. EPS for the last quarter amounts to -0.05 USD, increased 150.00

How many employees does D-Wave Quantum Inc (QBTS). have?

D-Wave Quantum Inc (QBTS) has 382 emplpoyees as of May 31 2026.

What is D-Wave Quantum Inc (QBTS) market cap?

Today QBTS has the market capitalization of 11.05B USD.