QBTS Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

3.73M

+61.41%

-0.065

-19.31%

4.62M

-69.17%

-0.060

+100.67%

6.38M

+106.09%

-0.060

-25%

Estimates Revision

The market is revising Upward the revenue expectations for D-Wave Quantum Inc. (QBTS) for FY2025, with the revenue forecasts being adjusted by 4.32% over the past three months. During the same period, the stock price has changed by -16.01%.

Revenue Estimates for FY2025

Revise Upward

+4.32%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-4.97%

In Past 3 Month

Stock Price

Go Down

-16.01%

In Past 3 Month

9 Analyst Rating

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 is 38.89 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.

9 Buy

0 Hold

0 Sell

Strong Buy

Current: 0.000

Low

35.00

Averages

38.89

High

48.00

Current: 0.000

Low

35.00

Averages

38.89

High

48.00

Wedbush

Outperform

initiated

$35

2025-12-17

Reason

Wedbush

Price Target

$35

2025-12-17

initiated

Outperform

Reason

Wedbush initiated coverage of D-Wave Quantum with an Outperform rating and $35 price target. While still in its infancy, the firm sees broad commercial adoption as being the next major catalyst for the industry and for D-Wave in particular since its annealing systems are ready for commercial use today. The combination of D-Wave's large addressable market and significant real-world benefits from optimization that can be applied across many industries and verticals, coupled with expected energy efficiencies, make D-Wave Quantum a compelling investment, Wedbush argues.

Jefferies

NULL -> Buy

initiated

$45

2025-12-16

Reason

Jefferies

Price Target

$45

2025-12-16

initiated

NULL -> Buy

Reason

Jefferies initiated coverage of D-Wave Quantum with a Buy rating and $45 price target. The company is positioned to benefit from ecosystem tailwinds that are lifting sentiment and usage across quantum architectures, the analyst tells investors in a research note. The firm says that with Advantage2 commercially available via Leap, these catalysts translate into customer education, bigger experimentation budgets, and pilots that feed the annealing funnel.

Mizuho

Outperform

initiated

$46

2025-12-11

Reason

Mizuho

Price Target

$46

2025-12-11

initiated

Outperform

Reason

Mizuho initiated coverage of D-Wave Quantum with an Outperform rating and $46 price target. The firm sees the company "driving a dual track" to annealing and gate model with potential for acquisitions. D-Wave is a "dominant" quantum annealing player in the near-term emerging optimization market, the analyst tells investors in a research note.

Evercore ISI

Outperform

initiated

$44

2025-12-03

Reason

Evercore ISI

Price Target

$44

2025-12-03

initiated

Outperform

Reason

Evercore ISI initiated coverage of D-Wave Quantum with an Outperform rating and $44 price target. The firm, which views D-Wave as "a leading play" as the computing industry shifts to a quantum computing era, highlights it as the first quantum company with commercial revenues, a full stack ecosystem and one that is well-funded.

Benchmark

David Williams

Buy

maintain

$20 -> $35

2025-11-10

Reason

Benchmark

David Williams

Price Target

$20 -> $35

2025-11-10

maintain

Buy

Reason

Benchmark analyst David Williams raised the firm's price target on D-Wave Quantum to $35 from $20 and keeps a Buy rating on the shares following what the firm calls "another quarter of strong progress with continued momentum on the path to broad commercialization and sustainable profitability." Despite the momentum reversal across the emerging technology landscape, specifically in quantum, the firm remains confident in D-Wave's unique architecture and ongoing technology progress and encourages investors to be "opportunistic in gaining exposure."

Canaccord

Buy

maintain

$20 -> $41

2025-11-07

Reason

Canaccord

Price Target

$20 -> $41

2025-11-07

maintain

Buy

Reason

Canaccord raised the firm's price target on D-Wave Quantum to $41 from $20 and keeps a Buy rating on the shares. The firm said D-Wave's business performed well in Q325 with $3.7M in revenue squarely beating consensus estimates. $2.4M in total bookings is up meaningfully from $1.3M in Q2'25. Canaccord views bookings as the best indicator of the health of the business, so we're encouraged to see that figure up quarter-over-quarter and year-over-year in Q3.

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 -18.61. 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.

N/A

5Y Average PE

-18.61

Current PE

-118.35

Overvalued PE

12.93

Undervalued PE

-50.15

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.

N/A

5Y Average EV/EBITDA

-17.72

Current EV/EBITDA

-116.34

Overvalued EV/EBITDA

13.34

Undervalued EV/EBITDA

-48.78

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.

N/A

5Y Average PS

68.24

Current PS

365.38

Overvalued PS

182.48

Undervalued PS

-45.99

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

QBTS News & Events

Events Timeline

No data

News

5.0

15:04 PMNASDAQ.COM

Quantum Computing Stocks Surge 3,290%, Yet Risks Loom Ahead

5.0

14:06 PMFool

Quantum Computing Stocks Face Potential Crash in 2026

3.5

01-08Fool

IonQ, Rigetti, and D-Wave Make Significant Advances in Quantum Computing Technology

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Frequently Asked Questions

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

The current price of QBTS is 29.455 USD — it has increased 0.6 % in the last trading day.

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?

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 % YoY.

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 % YoY.

What changes have occurred in the market's expectations for D-Wave Quantum Inc (QBTS)'s fundamentals?

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

D-Wave Quantum Inc (QBTS) has 220 emplpoyees as of January 09 2026.

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

Today QBTS has the market capitalization of 10.25B USD.