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QBTS Overview

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$
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0.000(0.000%)
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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
22.670
Open
22.200
VWAP
22.22
Vol
20.17M
Mkt Cap
8.36B
Low
21.420
Amount
448.15M
EV/EBITDA(TTM)
--
Total Shares
370.43M
EV
7.51B
EV/OCF(TTM)
--
P/S(TTM)
294.71
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)
2026-05-08
14:50:00
D-Wave Quantum Shares Down, Mixed Options Sentiment
select
2026-05-04 (ET)
2026-05-04
11:10:00
D-Wave Quantum Shares Rise 5.39% to $21.59
select
2026-04-30 (ET)
2026-04-30
13:20:00
D-Wave Quantum Shares Rise 8.51%
select
2026-04-22 (ET)
2026-04-22
16:00:00
Infleqtion Secures $2M DARPA Contract
select

News

NASDAQ.COM
7.5
00:04 AMNASDAQ.COM
Analysis of Leading Companies in Quantum Computing
  • IonQ's Technological Edge: IonQ leads the quantum computing sector with a 99.99% fidelity in 2-qubit gates and is developing a 256-qubit system, which, if successful, could significantly boost market demand and drive future growth for the company.
  • D-Wave's Market Positioning: D-Wave Quantum focuses on optimization problems, with its quantum annealing computers already widely used in scheduling and logistics, projecting a 179% revenue increase from 2024 to 2025, showcasing its potential in specialized quantum computing.
  • Alphabet's Technological Breakthroughs: Alphabet has achieved several key breakthroughs in quantum computing, having discovered methods to break cryptocurrency security protocols, which need updating by 2029, indicating its technology is moving towards real-world applications and may gain a competitive edge in cloud computing.
  • Industry Outlook: Although quantum computing is currently less popular than artificial intelligence, it is expected to become practical by 2030, with companies like IonQ, D-Wave, and Alphabet at the forefront, allowing investors to position themselves for future gains.
Yahoo Finance
8.5
00:04 AMYahoo Finance
Investment Opportunities in Quantum Computing Sector
  • IonQ's Technological Edge: IonQ boasts a world-leading 99.99% fidelity in its 2-qubit gates and is developing a 256-qubit system, which, if successful, could significantly boost market demand and drive a 755% year-over-year revenue increase in Q1 2026.
  • D-Wave's Niche Focus: D-Wave Quantum specializes in optimization problems with its quantum annealers already solving scheduling and logistics issues, resulting in a 179% revenue growth from 2024 to 2025, indicating strong potential in specialized quantum computing.
  • Alphabet's Quantum Breakthroughs: Alphabet has made significant advancements in quantum computing, including discovering methods to break cryptocurrency security protocols, which need updates by 2029 to prevent quantum attacks, positioning it as a potential first mover in cloud-based quantum services.
  • Optimistic Industry Outlook: As quantum computing technology matures, companies like IonQ, D-Wave, and Alphabet are expected to emerge as industry leaders by 2030, making investments in these firms likely to yield substantial long-term returns.
Fool
5.0
05-10Fool
Future Prospects of the Quantum Computing Industry
  • IonQ's Technological Edge: IonQ boasts a leading 2-qubit gate fidelity of 99.99%, significantly surpassing competitors, and if it successfully develops a 256-qubit system, it could dominate commercial applications, leading to a substantial increase in product demand.
  • D-Wave's Market Positioning: D-Wave Quantum focuses on optimization problems, with its quantum annealing computers already utilized in scheduling and logistics, achieving a 179% revenue growth from 2024 to 2025, indicating strong potential in specialized quantum computing.
  • Alphabet's Breakthroughs: Alphabet has made several key advancements in quantum computing, having discovered methods to break cryptocurrency security protocols, which need updating by 2029, highlighting the real-world relevance of its technology and positioning it as a potential first quantum provider on cloud networks.
  • Investment Opportunities in the Sector: As quantum computing technology matures, companies like IonQ, D-Wave, and Alphabet are set to become major players in the future market, offering investors significant returns by positioning themselves early in this evolving field.
Fool
8.5
05-07Fool
Investment Risks Analysis for D-Wave Quantum Stock
  • Revenue Volatility: D-Wave reported $15 million in sales for Q1 2025, but is projected to drop to $4.1 million in Q1 2026, highlighting the inconsistency in its quantum hardware sales despite stable cloud service revenue, which may affect investor confidence.
  • Customer Growth vs. Losses: D-Wave secured a $10 million deal with a Fortune 100 company and a $20 million contract with Florida Atlantic University, increasing its customer base to 135; however, it still posted a $355 million loss in 2025, reflecting the high costs and profitability uncertainty in the quantum computing sector.
  • Stock Volatility and High Valuation: Despite a staggering 4,900% increase over three years, D-Wave's stock has fallen 36% in the last six months, with a current price-to-sales ratio of 268, significantly above the tech average of 9, indicating substantial volatility and valuation risks for investors.
  • Market Outlook and Investment Risks: While McKinsey forecasts the quantum computing market could reach $2.7 trillion by 2035, D-Wave, as one of the few publicly traded quantum companies, faces uncertainties regarding technology maturity and market demand, necessitating a careful assessment of potential high returns against inherent risks.
PRnewswire
8.5
05-07PRnewswire
Launch of First-to-Market Leveraged ETF for Xanadu Quantum Technologies
  • First Leveraged ETF Launch: Tradr ETFs has launched the Tradr 2X Long XNDU Daily ETF, the first single stock leveraged ETF in the market, aiming to deliver two times (200%) the daily performance of Xanadu Quantum Technologies, indicating strong investor interest in cutting-edge technology narratives.
  • Asset Management Scale: Tradr's lineup of 64 leveraged ETFs manages over $5 billion in assets, showcasing its significant influence in the high-end investment tools market while providing investors with the convenience of avoiding margin use and complex options trading.
  • Positive Market Response: Matt Markiewicz, Head of Product at Tradr ETFs, noted that Xanadu's public listing reflects strong market demand for advanced technology narratives, which is expected to drive the company's growth trajectory in the coming years.
  • Investor Risk Advisory: While leveraged ETFs offer high return potential, they also come with significant risks, requiring investors to understand the implications of leverage on returns and to actively monitor and manage their investments in the short term.
CNBC
8.5
05-07CNBC
Goldman Sachs Bullish on IPOs and M&A Opportunities
  • IPO Market Outlook: Goldman Sachs analysts predict they will be major winners in the IPO and M&A markets, indicating significant investment decisions in their charitable trust, reflecting strong confidence in market activity.
  • Surge in Semiconductor Demand: Taiwan Semiconductor Manufacturing faces overwhelming business demand, with ARM Holdings also indicating a need for more chips, highlighting a tight supply-demand situation in the global semiconductor market that could lead to price increases and market share redistribution.
  • Quantum Computing Leader: D-Wave is identified as the best option in the quantum computing space, indicating its leading position in emerging technologies, which may attract more investor attention to its future growth potential.
  • Growing Equipment Demand: Thermo Fisher is viewed as a beneficiary of equipment demand in the IPO market, with analysts recommending buying at current price levels, signaling the company's crucial role in future market dynamics.
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
Northland
initiated
$22
AI Analysis
2026-04-20
Reason
Northland
Price Target
$22
AI Analysis
2026-04-20
initiated
Reason
Northland initiated coverage of D-Wave Quantum with a Market Perform rating and $22 price target.
Northland
analyst
Market Perform
initiated
$22
2026-04-20
Reason
Northland
analyst
Price Target
$22
2026-04-20
initiated
Market Perform
Reason
As previously reported, Northland initiated coverage of D-Wave Quantum with a Market Perform rating and $22 price target. Quantum computing's market potential could be between $100B and $250B, estimates the analyst, who believes technology execution risk is "far less on an industry level." For that reason, the firm argues that investing across all quantum computing companies diversifies away the risk and assures participating in the "asymetrically positively skewed projected returns." Among the five quantum names on which the analyst launched coverage, it has Outperform ratings on IonQ, Quantum Computing and Xanadu Quantum and assigns Market Perform ratings to D-Wave Quantum and Rigetti Computing.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for QBTS
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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 -19.84. 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
-19.84
Current PE
0.00
Overvalued PE
12.28
Undervalued PE
-51.95

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
-17.98
Current EV/EBITDA
-7.06
Overvalued EV/EBITDA
12.73
Undervalued EV/EBITDA
-48.68

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
73.85
Current PS
96.62
Overvalued PS
186.33
Undervalued PS
-38.63

Financials

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Whales Holding QBTS

M
Mubadala Investment Company PJSC
Holding
QBTS
+66.70%
3M Return
D
Defiance ETFs, LLC
Holding
QBTS
+25.98%
3M Return
C
Clear Street LLC
Holding
QBTS
+20.58%
3M Return
C
CloudAlpha Capital Management Limited
Holding
QBTS
+14.45%
3M Return
F
Foundations Investment Advisors LLC
Holding
QBTS
+13.06%
3M Return
Y
Yarbrough Capital, LLC
Holding
QBTS
+12.51%
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 22.57 USD — it has increased 2.64

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 2.75M USD, increased 19.19

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 -0.12 USD, decreased -67.57

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

D-Wave Quantum Inc (QBTS) has 382 emplpoyees as of May 11 2026.

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

Today QBTS has the market capitalization of 8.36B USD.