QBTS
D-Wave Quantum Inc
$
29.500
Line
|
Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
29.720
Open
27.430
VWAP
28.17
Vol
50.59M
Mkt Cap
10.33B
Low
26.420
Amount
1.43B
EV/EBITDA(TTM)
--
Total Shares
174.40M
EV
9.54B
EV/OCF(TTM)
--
P/S(TTM)
338.90
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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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2026Q2
FY2026Q1
FY2025Q4
6.84M
+121%
-0.063
-21.88%
5.00M
-66.66%
-0.066
+121.57%
3.35M
+45.28%
-0.071
-10.94%
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 2.02% over the past three months. During the same period, the stock price has changed by 74.56%.
Revenue Estimates for FY2025
Revise Upward
+2.02%
In Past 3 Month
EPS Estimates for FY2025
Revise Downward
-17.35%
In Past 3 Month
Stock Price
Go Up
+74.56%
In Past 3 Month
10 Analyst Rating
-8.47% Downside
Wall Street analysts forecast QBTS stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for QBTS is 27.00 USD with a low forecast of 20.00 USD and a high forecast of 50.00 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.
10 Buy
0 Hold
0 Sell
Strong Buy
-8.47% Downside
Current: 29.500
Low
20.00
Averages
27.00
High
50.00
-8.47% Downside
Current: 29.500
Low
20.00
Averages
27.00
High
50.00
Canaccord
Buy
maintain
$20 -> $41
2025-11-07
New
Reason
Canaccord
Price Target
$20 -> $41
2025-11-07
New
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.
Rosenblatt
Buy
maintain
$30 -> $40
2025-11-07
New
Reason
Rosenblatt
Price Target
$30 -> $40
2025-11-07
New
maintain
Buy
Reason
Rosenblatt raised the firm's price target on D-Wave Quantum to $40 from $30 and keeps a Buy rating on the shares following a transfer of coverage. The company reported a solid Q3 with strong bookings momentum in Q4, the analyst tells investors in a research note.
Cantor Fitzgerald
Troy Jensen
Overweight
maintain
$20 -> $40
2025-11-07
New
Reason
Cantor Fitzgerald
Troy Jensen
Price Target
$20 -> $40
2025-11-07
New
maintain
Overweight
Reason
Cantor Fitzgerald analyst Troy Jensen raised the firm's price target on D-Wave Quantum to $40 from $20 and keeps an Overweight rating on the shares. D-Wave ended the quarter with strong liquidity and additional post-quarter cash proceeds from warrant exercises, the analyst tells investors in a research note. As quantum computing commercialization progresses, D-Wave's early lead positions it to capture a meaningful share of the long-term quantum hardware, software, and services market, the firm argues.
B. Riley
Craig Ellis
Buy
maintain
$33 -> $36
2025-11-07
New
Reason
B. Riley
Craig Ellis
Price Target
$33 -> $36
2025-11-07
New
maintain
Buy
Reason
B. Riley analyst Craig Ellis raised the firm's price target on D-Wave Quantum to $36 from $33 and keeps a Buy rating on the shares. The firm sees positive takeaways from the Q3 report despite the share selloff.
Stifel
Buy
maintain
$26 -> $35
2025-11-07
New
Reason
Stifel
Price Target
$26 -> $35
2025-11-07
New
maintain
Buy
Reason
Stifel raised the firm's price target on D-Wave Quantum to $35 from $26 and keeps a Buy rating on the shares. A "strong" Q3 demonstrating accelerating commercial momentum validates the company's thesis that annealing quantum computing can deliver tangible value, the analyst tells investors. The narrative is shifting from purely technical milestones to a defensible commercial story, separating D-Wave from its more research-focused peers, the analyst contends.
Roth Capital
Buy
downgrade
$50 -> $40
2025-11-06
New
Reason
Roth Capital
Price Target
$50 -> $40
2025-11-06
New
downgrade
Buy
Reason
Roth Capital lowered the firm's price target on D-Wave Quantum to $40 from $50 and keeps a Buy rating on the shares. D-Wave reported continued process across both cloud services and hardware sales, with pipeline opportunities expanding globally for the company, the analyst tells investors in a research note. The firm added that it believes -Wave and its lead quantum annealing offering are also gaining greater traction with U.S. government opportunities.
See All Ratings
Valuation Metrics
The current forward P/E ratio for D-Wave Quantum Inc (QBTS.N) is -110.78, compared to its 5-year average forward P/E of -15.10. 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
-15.10
Current PE
-110.78
Overvalued PE
10.26
Undervalued PE
-40.46
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
-12.81
Current EV/EBITDA
-112.20
Overvalued EV/EBITDA
8.40
Undervalued EV/EBITDA
-34.02
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
53.27
Current PS
29.50
Overvalued PS
149.06
Undervalued PS
-42.52
Financials
Annual
Quarterly
FY2025Q2
YoY :
+41.78%
3.10M
Total Revenue
FY2025Q2
YoY :
+40.68%
-26.50M
Operating Profit
FY2025Q2
YoY :
+841.21%
-167.33M
Net Income after Tax
FY2025Q2
YoY :
+450.00%
-0.55
EPS - Diluted
FY2025Q2
YoY :
+6.81%
-16.04M
Free Cash Flow
FY2025Q2
YoY :
+0.41%
63.84
Gross Profit Margin - %
FY2025Q2
YoY :
-59.56%
-238.22
FCF Margin - %
FY2025Q2
YoY :
+563.87%
-5.41K
Net Margin - %
FY2025Q2
N/A
ROIC
Trading Trends
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
5.5M
USD
8
3-6
Months
10.3M
USD
10
6-9
Months
30.0M
USD
6
0-12
Months
175.7M
USD
10
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds are Neutral. There are no significant trading trends over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
0.0
Volume
0
6-9
Months
0.0
Volume
0
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
0
0.0
Volume
Months
6-9
0
0.0
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
5.5M
USD
8
3-6
Months
10.3M
USD
10
6-9
Months
30.0M
USD
6
0-12
Months
175.7M
USD
10
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
QBTS News & Events
Events Timeline
2025-11-06 (ET)
2025-11-06
09:00:25
D-Wave Quantum announces Q3 adjusted EPS of 5 cents, falling short of consensus estimate of 7 cents.
2025-11-05 (ET)
2025-11-05
09:06:08
D-Wave finalizes joint proof-of-concept project for hybrid-quantum applications
2025-10-31 (ET)
2025-10-31
11:51:48
D-Wave Quantum Experiences Mixed Sentiment as Shares Decline by 0.57%
Sign Up For More Events
Sign Up For More Events
News
9.5
11-07BenzingaPinnedAnalyst Remains Positive on D-Wave Quantum Despite Q3 Shortfall, Increases Projections
9.5
11-06BenzingaPinnedD-Wave Quantum Sees Revenue Surge, Yet Stock Prices Fall: What's Happening?
9.5
11-06SeekingAlphaPinnedD-Wave Quantum Experiences Decline Despite Q3 Results Exceeding Expectations
Sign Up For More News
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FAQ
What is D-Wave Quantum Inc (QBTS) stock price today?
The current price of QBTS is 29.5 USD — it has increased 3.91 % in the last trading day.
What is D-Wave Quantum Inc (QBTS)'s business?
What is the price predicton of QBTS Stock?
What is D-Wave Quantum Inc (QBTS)'s revenue for the last quarter?
What is D-Wave Quantum Inc (QBTS)'s earnings per share (EPS) for the last quarter?
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?