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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
21.930
Open
21.025
VWAP
21.39
Vol
39.24M
Mkt Cap
7.94B
Low
20.570
Amount
839.26M
EV/EBITDA(TTM)
--
Total Shares
366.74M
EV
7.17B
EV/OCF(TTM)
--
P/S(TTM)
283.22
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)
2026-04-17
14:20:00
D-Wave Quantum Shares Down, Mixed Options Sentiment
select
2026-04-15 (ET)
2026-04-15
12:10:00
D-Wave Quantum Stock Rises 19.3% to $20.25
select
2026-04-08 (ET)
2026-04-08
15:50:00
Rigetti Computing Launches 108-Qubit Quantum System
select
2026-03-25 (ET)
2026-03-25
16:00:00
Sealsq Expands Quantum Fund to $200M and Acquires Miraex
select

News

Fool
9.5
04-20Fool
Analysis of Investment Prospects in Quantum Computing Industry
  • Rigetti Revenue Challenges: Rigetti Computing reported a net loss of $18 million in Q4 2025, despite achieving $3.1 million in revenue in Q1 2024, indicating significant competitive pressure in the quantum computing market as overall revenue growth remains weak.
  • D-Wave Revenue Growth: D-Wave Quantum generated $15 million in revenue in Q1 2025, a 179% increase over 2024, although it still faced a net loss of approximately $42 million, highlighting its rapid market expansion and customer appeal.
  • Quantum Computing Market Outlook: Despite both Rigetti and D-Wave facing substantial losses, the quantum computing sector is still in its infancy, with potential for explosive growth over the next five years, particularly for companies that can scale quickly.
  • Investor Focus: Investors should closely monitor upcoming quarterly reports from both companies to assess whether the revenue gap narrows or if D-Wave continues to pull ahead, reflecting the competitive landscape of the quantum computing industry.
NASDAQ.COM
9.5
04-20NASDAQ.COM
Analysis of Financial Volatility in Quantum Computing Firms
  • Revenue Comparison: D-Wave Quantum generated $24 million in revenue last year, significantly outpacing Rigetti Computing's $7 million, indicating D-Wave's strong market performance despite both companies reporting losses of $18 million and $42 million, respectively.
  • Market Volatility: Both companies have exhibited quarter-over-quarter revenue volatility over the past eight quarters, prompting investors to watch for consistent revenue growth or continued extreme fluctuations, which will directly impact their competitive positioning in the market.
  • Development Stage: Quantum computing is still in its early stages, and while Rigetti and D-Wave's stock prices have risen by 135% and 237%, respectively, profitability is not the current focus; rather, the emphasis is on which company can scale the fastest over the next five years.
  • Investor Focus: Investors should closely monitor upcoming quarterly reports to assess whether the revenue gap narrows or if D-Wave continues to pull ahead, as future market competition may significantly influence their long-term growth potential.
Fool
8.5
04-17Fool
D-Wave Quantum Shares Surge Amid AI Developments
  • Stock Surge: D-Wave Quantum's shares have skyrocketed approximately 54% since last week's close, reaching $21.68, with a market cap of $8 billion, reflecting strong market interest and heightened investor confidence in quantum computing.
  • AI-Driven Catalyst: Nvidia's announcement of the open-source quantum AI model Ising aims to accelerate computing technology, prompting D-Wave CEO Alan Baratz to issue a warning, indicating that quantum computing could surpass traditional AI accelerators, further fueling the rise in quantum computing stocks.
  • Intensifying Market Competition: Baratz stated at the World Economy Summit that if he were Nvidia, he would be concerned, as quantum computing has the potential to dominate the next generation of computing power, signaling a more competitive future market landscape.
  • Key Technological Evolution: Nvidia's Ising model is seen as the operating system for quantum machines, capable of transforming fragile qubits into scalable and reliable quantum-GPU systems, indicating that the integration of quantum computing and AI will drive further industry advancements.
Fool
5.0
04-17Fool
Quantum Computing Stocks Surge Again Amid AI Hype
  • Surging Returns: As of mid-October 2025, quantum computing stocks have seen trailing 12-month returns as high as 6,217%, reflecting strong investor interest in this emerging technology, despite underlying bubble risks.
  • Market Value Forecast: Analysts at Boston Consulting Group predict that quantum computing could create up to $850 billion in global economic value by 2040, highlighting its significance and potential applications in the future economy.
  • Major Investment Trends: In October, JPMorgan launched a $1.5 trillion Security and Resiliency Initiative, identifying quantum computing as one of 27 sub-areas for potential investment, indicating strong interest from major financial institutions.
  • Bubble Risk Warning: Despite quantum computing stocks surging between 26% and 45% recently, their price-to-sales ratios exceed 30, suggesting that market expectations for future profitability may be overly optimistic, urging caution among investors.
NASDAQ.COM
8.5
04-17NASDAQ.COM
Quantum Computing Stocks Surge 45% Amid AI Integration
  • Massive Market Opportunity: Quantum computing stocks have surged up to 45% over two days, reflecting strong investor interest in this technology, particularly with AI integration, which is projected to create up to $850 billion in global economic value by 2040.
  • Investment Surge Intensifies: Following Nvidia's Quantum Day on April 14, stocks of IonQ, Rigetti, D-Wave, and Quantum Computing have gained significant attention, although investors should be wary of potential bubble risks, especially given their price-to-sales ratios of 95, 846, 272, and 2,333, respectively.
  • Broad Application Prospects: Quantum computing can expedite training for AI-driven large language models and simulate molecular interactions to improve clinical trial success rates, showcasing its practical application potential and attracting substantial investments, including from JPMorgan Chase.
  • Intense Competitive Landscape: While quantum computing is viewed as a disruptive technology, many large tech firms are also developing quantum processing units, which could undermine the market advantages of companies like IonQ, necessitating cautious evaluation of future competitive dynamics.
CNBC
4.5
04-17CNBC
Trump Announces Israel-Lebanon Ceasefire, Stocks Surge
  • Ceasefire Agreement: Trump announced a 10-day ceasefire between Israel and Lebanon, leading to a significant stock market rally with the S&P 500 reaching an all-time high, reflecting market optimism regarding geopolitical stability.
  • Strong Tech Performance: The Nasdaq Composite recorded its 12th consecutive day of gains, marking its longest winning streak since 2009, indicating strong investor confidence in tech stocks, particularly amid a surge in quantum computing investments.
  • Netflix Earnings Beat: Netflix's first-quarter earnings report exceeded expectations due to a $2.8 billion breakup fee, although shares fell about 10% in premarket trading, highlighting market concerns over leadership changes.
  • AI Transformation Trend: Myseum announced a pivot towards AI personalization, with shares jumping approximately 130% in Thursday's session, echoing Allbirds' shift to AI, despite historical evidence suggesting such trades often struggle to maintain momentum.
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
New
Reason
Northland
Price Target
$22
AI Analysis
2026-04-20
New
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
New
Reason
Northland
analyst
Price Target
$22
2026-04-20
New
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 -19.60. 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
-19.60
Current PE
0.00
Overvalued PE
12.40
Undervalued PE
-51.60

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
-17.89
Current EV/EBITDA
-6.89
Overvalued EV/EBITDA
12.84
Undervalued EV/EBITDA
-48.62

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
72.85
Current PS
94.45
Overvalued PS
185.54
Undervalued PS
-39.83

Financials

AI Analysis
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Whales Holding QBTS

I
Investor AB (publ)
Holding
QBTS
+61.41%
3M Return
M
Mubadala Investment Company PJSC
Holding
QBTS
+15.16%
3M Return
D
Defiance ETFs, LLC
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3M Return
F
Foundations Investment Advisors LLC
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+10.11%
3M Return
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Yarbrough Capital, LLC
Holding
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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 21.66 USD — it has decreased -0.14

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 April 21 2026.

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

Today QBTS has the market capitalization of 7.94B USD.