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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
24.710
Open
23.660
VWAP
23.98
Vol
31.04M
Mkt Cap
9.05B
Low
22.541
Amount
744.45M
EV/EBITDA(TTM)
--
Total Shares
366.74M
EV
8.59B
EV/OCF(TTM)
--
P/S(TTM)
677.19
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.
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Events Timeline

(ET)
2026-06-11
16:30:00
D-Wave Quantum Shares Rise 2.39% to $23.80
select
2026-06-03 (ET)
2026-06-03
15:50:00
IBM Plans to Invest Over $10B in Quantum Computing
select
2026-06-01 (ET)
2026-06-01
07:10:00
D-Wave Quantum Unveils New Quantum Computing Roadmap
select

News

Newsfilter
8.5
06-18Newsfilter
PinnedD-Wave Launches First Quantum Computing Simulator for Error-Aware Programming
  • Simulator Launch: D-Wave announced the upcoming release of its first quantum computing simulator designed for error-aware programming, expected to be available on the Leap cloud platform in September 2026, marking a significant advancement in the quantum computing field and aiding developers in better understanding quantum behavior.
  • Dual-Rail Technology Advantage: The simulator leverages D-Wave's dual-rail technology to provide error detection data and real-time control capabilities, enabling developers to design more resilient quantum applications, thereby enhancing customer capabilities in quantum application development.
  • Development Bundle Design: D-Wave will offer quantum development bundles, including Starter and Premium packages, aimed at supporting customer success by providing flexible R&D and expert guidance, helping customers prototype and iterate quantum applications more efficiently.
  • Market Demand Response: The introduction of the new simulator and development bundles is expected to meet diverse customer needs from initial exploration to advanced R&D, enhancing budget predictability for customers, accelerating quantum application progress, and strengthening the company's competitive position in the quantum computing market.
Fool
8.5
06-19Fool
Analysis of Rigetti Computing's Stock Volatility
  • Stock Pullback: Rigetti Computing's stock has fallen from an all-time high of $58 in October to around $21 currently, indicating a potential waning of market enthusiasm for quantum computing, prompting investors to carefully assess buying opportunities.
  • Government Funding Support: The U.S. government announced it would provide Rigetti with up to $100 million in funding, which, despite potential strings attached, serves as a positive signal for the quantum computing industry and strengthens Rigetti's market position.
  • Financial Performance: In Q1 2026, Rigetti's revenue tripled year-over-year to $4.4 million, although operating losses increased; however, the company maintains over $400 million in cash, ensuring its ability to continue development.
  • Intense Market Competition: The quantum computing sector is highly competitive, with Rigetti facing challenges from companies like IonQ and D-Wave, as well as tech giants like Google and IBM; nevertheless, government backing and ample cash flow position it for future potential.
NASDAQ.COM
8.5
06-19NASDAQ.COM
U.S. Government to Invest $100 Million in Rigetti
  • Government Backing: The U.S. government has signed a letter of intent to invest $100 million in Rigetti over the next three years, which is a positive development for the quantum computing industry, although it may come with several strings attached.
  • Revenue Growth Potential: Rigetti's revenue tripled year-over-year in Q1 2026 to $4.4 million, driven by research deals and sales of experimental systems, despite significant operating losses still being a concern.
  • Liquidity Advantage: The company boasts over $400 million in cash and equivalents on its balance sheet, providing a solid runway for continued development while seeking commercial applicability, indicating strong financial health.
  • Intense Market Competition: Although Rigetti's stock has fallen over 4% in 2026, it has still risen nearly 85% over the past 12 months, facing competition from players like IonQ and D-Wave, with its long-term success hinging on the realization of commercial applications.
seekingalpha
3.5
06-18seekingalpha
D-Wave Quantum Announces First Gate-Model Simulator for Error-Aware Programming
  • Stock Price Surge: D-Wave Quantum (QBTS) shares rose 3.5% on Thursday, reflecting market optimism regarding its upcoming quantum computing simulator, which will be the first designed for error-aware programming.
  • Technological Innovation: The new simulator, built on D-Wave's dual-rail technology, is expected to enable developers to identify errors, allowing them to design applications and workflows that respond to actual processor behavior, marking a differentiated advancement in fault-tolerant quantum computing.
  • Product Launch Plans: D-Wave announced it will offer new quantum development bundles that provide access to its forthcoming gate-model quantum simulator and systems, with pricing available upon request, demonstrating the company's sensitivity to market demand.
  • Industry Outlook: Although D-Wave Quantum still lags behind the industry average, analysts are optimistic about its future prospects, particularly following the recent analyst day event, which has improved market sentiment regarding the company's outlook.
Fool
3.5
06-17Fool
Diverse Approaches in Quantum Computing Technologies
  • Superconducting Qubit Technology: IBM and Rigetti Computing are developing superconducting qubit technology; while IBM is exploring novel error-correction methods, both face challenges in delivering viable systems, potentially impacting their market competitiveness.
  • Trapped-Ion Qubit Advantages: IonQ and Quantinuum utilize trapped-ion technology, with IonQ achieving 99.99% 2-qubit gate fidelity, showcasing superior accuracy, but their slower speeds compared to superconducting qubits limit their application range.
  • Neutral Atom Qubit Potential: Infleqtion has achieved 99.73% 2-qubit gate fidelity using neutral atom qubit technology; although still slow, its high density characteristics may enhance quantum computing efficiency in the future.
  • Hybrid Quantum Annealing and Superconducting: D-Wave Quantum is pursuing a hybrid approach by acquiring Quantum Circuits, aiming to combine the speed of superconducting qubits with the accuracy of trapped-ion technology, although verified metrics are still pending.
Fool
2.0
06-17Fool
Quantum Computing Stocks Experience Volatility and Future Prospects
  • IonQ's Strong Performance: IonQ reported Q1 revenue of $64.7 million, a staggering 755% increase year-over-year, and raised its full-year guidance to between $260 million and $270 million, showcasing its robust business foundation despite a 21% drop in stock price due to market sentiment.
  • D-Wave's Quantum Growth: D-Wave's Q1 revenue was modest at $2.9 million, yet its closed bookings soared to $33.4 million, up 1,994% year-over-year, indicating strong demand for its quantum computing services, even as its stock has declined approximately 23% year-to-date.
  • Rigetti's Market Challenges: Rigetti Computing posted Q1 2026 revenue of $4.4 million, and while it holds over $569 million in cash and has a deal to sell a 108-qubit system, its market valuation does not reflect commercial progress, with a 19% drop in stock price year-to-date.
  • Sector Revaluation Phenomenon: The IPO filing of Quantinuum at a $12.7 billion valuation has prompted a reevaluation of the quantum computing sector, indicating that while the underlying technology remains intact, investors must be cautious in selecting stocks to avoid chasing overvalued companies.
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
Mizuho
Vijay Rakesh
Outperform
maintain
$29 -> $35
AI Analysis
2026-06-15
New
Reason
Mizuho
Vijay Rakesh
Price Target
$29 -> $35
AI Analysis
2026-06-15
New
maintain
Outperform
Reason
Mizuho analyst Vijay Rakesh raised the firm's price target on D-Wave Quantum to $35 from $29 and keeps an Outperform rating on the shares following the analyst day. The company extended its gate roadmap out to include 10 logical qubits by 2030, scaling to 100 by 2032 with prior targets on track, the analyst tells investors in a research note. Mizuho sees D-Wave as maintaining leadership in annealing quantum computing.
B. Riley
B. Riley
Buy
maintain
$36 -> $40
2026-06-02
Reason
B. Riley
B. Riley
Price Target
$36 -> $40
2026-06-02
maintain
Buy
Reason
B. Riley raised the firm's price target on D-Wave Quantum to $40 from $36 and keeps a Buy rating on the shares following the investor day. The gate model's roadmap extended multiple years from 2026 to 2028, the analyst tells investors in a research note. The firm says the investor day crystallized Lambda and quantum error correction cycle speed as gate-model error correction yardsticks. It believes D-Wave feels a trajectory near five-times current competitor rates is achievable. Riley cites "encouraging commercial takeaways" from the investor day and the stock's recent appreciation for the target boost.
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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 -20.34. 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
-20.34
Current PE
0.00
Overvalued PE
12.02
Undervalued PE
-52.71

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
-18.10
Current EV/EBITDA
-5.45
Overvalued EV/EBITDA
12.53
Undervalued EV/EBITDA
-48.73

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
76.39
Current PS
107.34
Overvalued PS
188.38
Undervalued PS
-35.60

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Whales Holding QBTS

D
Defiance ETFs, LLC
Holding
QBTS
+49.19%
3M Return
C
Clear Street LLC
Holding
QBTS
+23.97%
3M Return
Y
Yarbrough Capital, LLC
Holding
QBTS
+16.96%
3M Return
F
Foundations Investment Advisors LLC
Holding
QBTS
+16.66%
3M Return
M
Marex Group plc
Holding
QBTS
+12.36%
3M Return
P
Public Sector Pension Investment Board
Holding
QBTS
+11.19%
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 24.69 USD — it has increased 7.72

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 June 20 2026.

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

Today QBTS has the market capitalization of 9.05B USD.