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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
OverviewStock Price PredictionTechnicalValuationFinancialsEarningsShould I BuyNews & Events
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Intellectia

Loading chart...

High
19.470
Open
18.790
VWAP
18.94
Vol
18.29M
Mkt Cap
6.94B
Low
18.450
Amount
346.46M
EV/EBITDA(TTM)
--
Total Shares
366.74M
EV
6.09B
EV/OCF(TTM)
--
P/S(TTM)
244.96
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)
2026-03-04
15:50:00
IonQ Q4 Exceeds Expectations with $61.9 Million Revenue
select
2026-02-26 (ET)
2026-02-26
07:30:00
D-Wave Q4 Revenue at $2.75M, Below Consensus
select
2026-02-25 (ET)
2026-02-25
15:50:00
IonQ Awarded $151B SHIELD Contract
select
2026-02-19 (ET)
2026-02-19
09:10:00
D-Wave Quantum Joins Southeastern Quantum Collaborative
select
2026-02-18 (ET)
2026-02-18
15:50:00
Sealsq Collaborates with Lattice to Integrate Post-Quantum Security Technology
select

News

Marketbeat
2.0
15:42 PMMarketbeat
D-Wave Continues to Share Positive Updates—What’s Causing Its Decline?
  • D-Wave's Current Position: D-Wave Quantum Inc. has seen a significant decline in its stock value, dropping nearly a third year-to-date, primarily due to unmet earnings and revenue expectations, despite some positive developments in its business.

  • Market Performance and Investor Sentiment: The company's stock has plummeted from a high of around $45 per share to less than half that amount, leading to concerns among investors about its financial viability and future growth potential.

  • Positive Developments: Despite recent challenges, D-Wave has reported impressive growth in bookings and revenue, with a notable increase in gross profit margins, indicating potential for recovery if it can align its financial performance with its technological advancements.

  • Analyst Ratings and Future Outlook: Analysts remain generally bullish on D-Wave, with a majority recommending the stock as a buy, but there are concerns about its ability to sustain growth and profitability in the face of rising operating expenses and low revenue levels.

Fool
9.5
03-08Fool
D-Wave Quantum's Revenue Surges Amid Stock Underperformance
  • Revenue Growth: D-Wave Quantum is experiencing triple-digit revenue growth, indicating strong market demand in the quantum computing sector, even as its stock trades significantly below recent highs, reflecting market caution regarding its future potential.
  • Accelerating Bookings: The company is seeing a surge in bookings, particularly through enhanced partnerships in the defense sector, which not only strengthens its market position but also lays the groundwork for future revenue growth.
  • Commercialization Momentum: D-Wave's significant progress in the commercialization of quantum computing, coupled with maturing technology and expanding application scenarios, is expected to attract more customers and drive long-term revenue increases.
  • Stock Price Potential: Despite the current stock price underperformance, if the company can continue to achieve financial growth and meet market expectations, there is potential for a strong rebound in stock prices, reshaping investor perceptions of its long-term value.
NASDAQ.COM
8.5
03-08NASDAQ.COM
D-Wave Quantum's Revenue Soars Amid Strategic Partnerships
  • Revenue Growth: D-Wave Quantum is experiencing triple-digit revenue growth, indicating strong market demand in the quantum computing sector, even as its stock trades significantly below recent highs, potentially presenting a buying opportunity for investors.
  • Accelerated Bookings: The company's accelerating bookings are closely tied to its defense partnerships, which not only enhance its market position but also lay a foundation for future revenue growth, indicating strategic alignment with government contracts.
  • Commercialization Momentum: D-Wave Quantum's proactive commercialization efforts could reshape its long-term narrative, attracting more investor interest in its potential market value, especially as quantum computing technology becomes increasingly critical in various industries.
  • Investment Advisory: Despite D-Wave Quantum's significant growth potential, it was not included in Motley Fool's list of top investment stocks, suggesting that investors should exercise caution and consider other more attractive investment options in the current market landscape.
Fool
8.5
03-07Fool
Potential and Challenges of Quantum Computing Stocks
  • IonQ's Technological Edge: IonQ's trapped-ion technology has achieved a 99.99% two-gate fidelity, which, despite still leading to errors during billions of calculations per second, lays the groundwork for quantum error correction and marks a significant step towards a fault-tolerant system.
  • Acquisition Strategy: IonQ has enhanced its trapped-ion system's stability by acquiring Oxford Ionics for electronic qubit control technology and plans to scale its operations through the acquisition of SkyWater, gaining control of a leading quantum foundry to better integrate its designs with manufacturing processes.
  • D-Wave's Market Progress: D-Wave Quantum focuses on quantum annealing and has made significant strides in commercialization, with its Advantage II system aiding in solving optimization problems, as evidenced by January bookings surpassing the total for fiscal 2025, indicating strong market demand.
  • New Partnerships and Tech Development: D-Wave signed a $20 million deal with Florida Atlantic University and a two-year, $10 million quantum-compute-as-a-service agreement with a Fortune 100 company, while also developing a gate-based system using fluxonium qubits, showcasing its technological diversity and potential.
NASDAQ.COM
8.5
03-07NASDAQ.COM
Analysis of IonQ and D-Wave's Quantum Computing Prospects
  • IonQ's Technological Edge: IonQ's trapped-ion technology has achieved a 99.99% two-gate fidelity, which, while still prone to errors at billions of calculations per second, establishes a threshold for quantum error correction, paving the way for a fault-tolerant system.
  • Acquisition Strategy: IonQ's acquisition of Oxford Ionics has provided it with electronic qubit control technology to enhance the stability of its trapped-ion system, while the pending acquisition of SkyWater will enable better scaling and integration with manufacturing processes, solidifying its position in the quantum ecosystem.
  • Revenue Surge: IonQ's revenue skyrocketed by 429% to $61.9 million in Q4 2023, significantly exceeding guidance, indicating strong interest from both private and public sectors in quantum computing technology and suggesting substantial future growth potential.
  • Key Contract Win: IonQ's selection for the Missile Defense Agency's SHIELD IDIQ program, with a ceiling of $151 billion, provides the company with a strategic opportunity to compete for specialized Pentagon task orders in quantum sensing, networking, and high-speed simulation.
Benzinga
4.5
03-07Benzinga
Middle East Conflict Drives Oil Prices Surge
  • Oil Price Surge: The escalation of conflict in the Middle East has driven crude oil prices close to $90 per barrel within a week, marking one of the sharpest weekly gains in years, which directly threatens global energy supply and rattles investor confidence.
  • Labor Market Deterioration: The U.S. labor market unexpectedly lost 92,000 nonfarm jobs in February, exacerbating concerns about weakening economic momentum and undermining market confidence in future economic prospects.
  • Energy Stocks Rise: The surge in energy costs quickly impacted equity markets, lifting energy stocks while severely hitting fuel-sensitive sectors like airlines and cruise operators, as investors feared rising jet fuel prices would squeeze margins.
  • Fragile Market Sentiment: The geopolitical shock has added to already fragile market sentiment, prompting traders to reassess inflation risks associated with rising oil prices and supply disruptions, leading to increased overall market volatility.
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 -> NULL
downgrade
$46 -> $40
AI Analysis
2026-02-27
Reason
Mizuho
Vijay Rakesh
Price Target
$46 -> $40
AI Analysis
2026-02-27
downgrade
Outperform -> NULL
Reason
Mizuho analyst Vijay Rakesh lowered the firm's price target on D-Wave Quantum to $40 from $46 and keeps an Outperform rating on the shares. The firm updated the company's model post the earnings report.
Evercore ISI
Mark Lipacis
Outperform
downgrade
$44 -> $42
2026-02-27
Reason
Evercore ISI
Mark Lipacis
Price Target
$44 -> $42
2026-02-27
downgrade
Outperform
Reason
Evercore ISI analyst Mark Lipacis lowered the firm's price target on D-Wave Quantum to $42 from $44 and keeps an Outperform rating on the shares.
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 -118.35, compared to its 5-year average forward P/E of -19.24. 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
-19.24
Current PE
-118.35
Overvalued PE
12.64
Undervalued PE
-51.13

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
-18.32
Current EV/EBITDA
-116.34
Overvalued EV/EBITDA
13.08
Undervalued EV/EBITDA
-49.73

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
70.57
Current PS
365.38
Overvalued PS
186.03
Undervalued PS
-44.89

Financials

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Whales Holding QBTS

I
Investor AB (publ)
Holding
QBTS
+59.34%
3M Return
M
Mubadala Investment Company PJSC
Holding
QBTS
+12.81%
3M Return
P
Public Sector Pension Investment Board
Holding
QBTS
+2.29%
3M Return
F
Foundations Investment Advisors LLC
Holding
QBTS
+1.03%
3M Return
Y
Yarbrough Capital, LLC
Holding
QBTS
-1.81%
3M Return
C
Clear Street LLC
Holding
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-2.36%
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 18.91 USD — it has increased 0.8

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 3.74M USD, increased 99.95

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 -0.41 USD, increased 272.73

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

D-Wave Quantum Inc (QBTS) has 220 emplpoyees as of March 11 2026.

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

Today QBTS has the market capitalization of 6.94B USD.