D-Wave Quantum Inc. (QBTS)

CA — Technology Sector
Peers: RGTI  IONQ  PCOR  QXO  SAIL  GTM  DAY  JKHY  SWKS  MTSI 

Automate Your Wheel Strategy on QBTS

With Tiblio's Option Bot, you can configure your own wheel strategy including QBTS - and automate your put writes, covered calls, and full wheel strategy. Just connect one of the supported brokerages: tastytrade, Schwab, TradeStation or Tradier and go.

Start Your Free Trial Now

Key Metrics & Ratings

  • symbol QBTS
  • Rev/Share 0.0706
  • Book/Share 1.9595
  • PB 14.9884
  • Debt/Equity 0.0115
  • CurrentRatio 54.6763
  • ROIC -0.1007

 

  • MktCap 10161399970.0
  • FreeCF/Share -0.16
  • PFCF -185.5658
  • PE -25.2012
  • Debt/Assets 0.0089
  • DivYield 0
  • ROE -0.9758

 

  • Rating C-
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 1
  • D/E Score 3

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation QBTS Stifel -- Buy -- $26 Aug. 5, 2025
Initiation QBTS Rosenblatt -- Buy -- $30 July 29, 2025
Initiation QBTS Canaccord Genuity -- Buy -- $20 July 23, 2025
Initiation QBTS Cantor Fitzgerald -- Overweight -- $20 July 2, 2025

News

Quantum Stock Tracker: IonQ, Rigetti, D-Wave Report Q3 Earnings
IONQ, QBTS, RGTI
Published: November 11, 2025 by: Benzinga
Sentiment: Neutral

Quantum stocks are in focus as the Q3 earnings season rolls on. Here's a look at the reports from companies that have reported and estimates for one that is still ahead.

Read More
image for news Quantum Stock Tracker: IonQ, Rigetti, D-Wave Report Q3 Earnings
QBTS Q3 Review: Hybrid Gains and R&D Discipline Drive Outlook
QBTS
Published: November 11, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS advances hybrid computing and R&D efficiency in Q3, underscoring a focused path toward scalable quantum solutions.

Read More
image for news QBTS Q3 Review: Hybrid Gains and R&D Discipline Drive Outlook
An Earnings Win With a Stock Slump: What's Happening With D-Wave?
QBTS
Published: November 10, 2025 by: MarketBeat
Sentiment: Neutral

One of the most-hyped earnings reports of the quantum industry this season ended not with a rally, but a retreat. Shares of D-Wave Quantum Inc. NYSE: QBTS fell by nearly 22% in the first full week of trading in November 2025, closing the week under $30 per share.

Read More
image for news An Earnings Win With a Stock Slump: What's Happening With D-Wave?
D-Wave Quantum Inc. (QBTS) Q3 2025 Earnings Call Transcript
QBTS
Published: November 06, 2025 by: Seeking Alpha
Sentiment: Neutral

D-Wave Quantum Inc. ( QBTS ) Q3 2025 Earnings Call November 6, 2025 8:00 AM EST Company Participants Kevin Hunt Alan Baratz - President, CEO & Director John Markovich - Chief Financial Officer Conference Call Participants Harsh Kumar - Piper Sandler & Co., Research Division Troy Jensen - Cantor Fitzgerald & Co., Research Division David Williams - The Benchmark Company, LLC, Research Division Quinn Bolton - Needham & Company, LLC, Research Division William Kingsley Crane - Canaccord Genuity Corp., Research Division Craig Ellis - B. Riley Securities, Inc., Research Division Sujeeva De Silva - ROTH Capital Partners, LLC, Research Division …

Read More
image for news D-Wave Quantum Inc. (QBTS) Q3 2025 Earnings Call Transcript
‘We're the Only Real Quantum Company': The 3 Lines That Define D-Wave's Hype Cycle
QBTS
Published: November 06, 2025 by: 24/7 Wall Street
Sentiment: Positive

D-Wave Quantum (QBTS) reported revenue doubled year over year while cash reserves surged over 2,700% to $836M, driven largely by warrant exercises.

Read More
image for news ‘We're the Only Real Quantum Company': The 3 Lines That Define D-Wave's Hype Cycle
QBTS Q3 Earnings Miss Estimates, Revenues Rise Y/Y, Stock Climbs
QBTS
Published: November 06, 2025 by: Zacks Investment Research
Sentiment: Negative

D-Wave Quantum posts a wider Q3 loss but double revenues year over year, lifts margins sharply and gains on strong customer momentum.

Read More
image for news QBTS Q3 Earnings Miss Estimates, Revenues Rise Y/Y, Stock Climbs
D-Wave Quantum Inc. (QBTS) Reports Q3 Loss, Tops Revenue Estimates
QBTS
Published: November 06, 2025 by: Zacks Investment Research
Sentiment: Negative

D-Wave Quantum Inc. (QBTS) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to a loss of $0.11 per share a year ago.

Read More
image for news D-Wave Quantum Inc. (QBTS) Reports Q3 Loss, Tops Revenue Estimates
Will D-Wave (QBTS) Stock Keep Rallying, or Will the Bubble Burst? Here's What Traders Are Betting On
QBTS
Published: November 04, 2025 by: 24/7 Wall Street
Sentiment: Positive

D-Wave Quantum (NYSE:QBTS ) has been on a rally that exceeded bullish expectations several times over.

Read More
image for news Will D-Wave (QBTS) Stock Keep Rallying, or Will the Bubble Burst? Here's What Traders Are Betting On
IONQ vs RGTI vs QBTS: Which Quantum Computing Stock Should You Buy in November 2025?
IONQ, QBTS, RGTI
Published: November 03, 2025 by: 24/7 Wall Street
Sentiment: Neutral

The quantum computing space has been heating up rapidly, but we're still in the early stages.

Read More
image for news IONQ vs RGTI vs QBTS: Which Quantum Computing Stock Should You Buy in November 2025?
QS Stock Or QBTS Stock: Which Future Tech Wins?
QBTS, QS
Published: October 29, 2025 by: Forbes
Sentiment: Neutral

Both QuantumScape and D-Wave Quantum have captivated investor interest with their innovative technologies and impressive 2025 returns of approximately 200% year-to-date. But if you were to select just one for the upcoming phase of the tech revolution, which would you choose?

Read More
image for news QS Stock Or QBTS Stock: Which Future Tech Wins?
D-Wave Quantum Gains Nvidia's NVQLink Tailwind Ahead Of Q3 ER (Rating Upgrade)
NVDA, QBTS
Published: October 29, 2025 by: Seeking Alpha
Sentiment: Positive

D-Wave Computing (QBTS) is upgraded to Buy, driven by positive quantum sector developments and Nvidia's NVQLink announcement. QBTS stands out for commercial viability, rapid revenue growth, and a unique quantum annealing approach, differentiating it from peers like IonQ and Rigetti. Nvidia's NVQLink is seen as a major catalyst for QBTS, potentially accelerating demand and bridging the gap between quantum and classical computing.

Read More
image for news D-Wave Quantum Gains Nvidia's NVQLink Tailwind Ahead Of Q3 ER (Rating Upgrade)
Will D-Wave's Federal Government Boost Last?
QBTS
Published: October 28, 2025 by: MarketBeat
Sentiment: Neutral

D-Wave Quantum Inc. NYSE: QBTS experienced an unusually volatile week in mid-October 2025, even relative to other turbulent periods in the quantum computing star's recent history. Shares plummeted from close to $40 to under $27 each before partially reversing course late in the week, leaving the firm with a five-day return of -17.6%.

Read More
image for news Will D-Wave's Federal Government Boost Last?
Why D-Wave Quantum Stock Plummeted This Week
QBTS
Published: October 26, 2025 by: The Motley Fool
Sentiment: Negative

D-Wave stock suffered a sell-off after the company announced that it was executing all of its public warrants. When holders move to exercise their warrants in exchange for stock, it will have a dilutive impact on current shareholders.

Read More
image for news Why D-Wave Quantum Stock Plummeted This Week
Quantum Stock Tracker: Rigetti, D-Wave, IonQ's Bumpy Week
IONQ, QBTS, RGTI
Published: October 24, 2025 by: Benzinga
Sentiment: Neutral

Quantum stocks were volatile and in the spotlight following reports that the Trump administration may be interested in investing in the sector.

Read More
image for news Quantum Stock Tracker: Rigetti, D-Wave, IonQ's Bumpy Week
Despite Trump Administration Denials, Quantum Stocks Keep Leaping Higher
IONQ, QBTS, QUBT, RGTI
Published: October 24, 2025 by: 24/7 Wall Street
Sentiment: Positive

Read More
image for news Despite Trump Administration Denials, Quantum Stocks Keep Leaping Higher
Traders Are Actively Buying These Stocks Right Now
OPEN, PLUG, QBTS, RGTI
Published: October 24, 2025 by: 24/7 Wall Street
Sentiment: Neutral

Read More
image for news Traders Are Actively Buying These Stocks Right Now
Quantum stocks stayed higher after Trump administration's denial of equity talks. Here's why
IONQ, QBTS, RGTI
Published: October 23, 2025 by: CNBC
Sentiment: Positive

The Trump administration is denying that it is "currently" in talks with quantum computing companies to take an equity stake. Shares of IonQ, Rigetti Computing, and D-Wave Quantum were all still higher despite the statement from the Commerce Department.

Read More
image for news Quantum stocks stayed higher after Trump administration's denial of equity talks. Here's why
Quantum computing stocks: IonQ, Rigetti, D-Wave, and QUBT are soaring again today. Does Trump want in?
IONQ, QBTS, QUBT, RGTI
Published: October 23, 2025 by: Fast Company
Sentiment: Positive

It's been a wild 24 hours for the stock prices of America's “big four” publicly traded quantum computing companies, which include D-Wave, IonQ, Quantum Computing Inc., and Rigetti.

Read More
image for news Quantum computing stocks: IonQ, Rigetti, D-Wave, and QUBT are soaring again today. Does Trump want in?
The Latest Trump Trade Is Here—And It's Lifting Quantum Computing Stocks
IONQ, QBTS, QUBT, RGTI
Published: October 23, 2025 by: Investopedia
Sentiment: Neutral

A new White House trade is here.

Read More
image for news The Latest Trump Trade Is Here—And It's Lifting Quantum Computing Stocks
4 Stocks Traders Are Buying Hand Over Fist Today
BITF, NOK, PLUG, QBTS
Published: October 23, 2025 by: 24/7 Wall Street
Sentiment: Neutral

Read More
image for news 4 Stocks Traders Are Buying Hand Over Fist Today
Quantum Computing Stocks Rally on Government Stake Talks
IONQ, QBTS, QUBT, RGTI
Published: October 23, 2025 by: Schaeffers Research
Sentiment: Positive

Quantum computing stocks have lost a little luster lately, as Wall Street catches up to their valuations.

Read More
image for news Quantum Computing Stocks Rally on Government Stake Talks
Quantum computing firms surge as Trump administration reportedly explore equity stakes
IONQ, QBTS, RGTI
Published: October 23, 2025 by: Proactive Investors
Sentiment: Positive

The Trump administration is in discussions with several quantum computing companies about taking equity stakes in exchange for federal funding, according to a Wall Street Journal report. Companies involved in the talks include IonQ (NYSE:IONQ), Rigetti Computing (NASDAQ:RGTI), and D-Wave Quantum (NYSE:QBTS), while others such as Quantum Computing Inc. (OTCQB:QUBT) and Atom Computing are considering similar arrangements, according to the Journal, citing anonymous sources familiar with the matter.

Read More
image for news Quantum computing firms surge as Trump administration reportedly explore equity stakes
Trump Wants in on Quantum Computing. Will RGTI, QBTS, IONQ, or QUBT Win?
AIG, AMZN, C, GM, INTC, IONQ, JPM, LAC, LMT, MP, MSFT, NVDA, QBTS, QUBT, RGTI
Published: October 23, 2025 by: 24/7 Wall Street
Sentiment: Positive

The Wall Street Journal reports the Trump administration is eyeing stakes in quantum firms.

Read More
image for news Trump Wants in on Quantum Computing. Will RGTI, QBTS, IONQ, or QUBT Win?
Will D-Wave's European Expansion Keep Fueling the Rally?
QBTS
Published: October 21, 2025 by: MarketBeat
Sentiment: Neutral

Shares have nearly quadrupled in value this year, but as of the middle of October, it appears QBTS could be reversing course. The stock has fallen after reaching nearly $45 each on Oct. 15.

Read More
image for news Will D-Wave's European Expansion Keep Fueling the Rally?
QBTS Investment Check Before Q3 Earnings: Liquidity Solid Amid Risks
QBTS
Published: October 17, 2025 by: Zacks Investment Research
Sentiment: Positive

D-Wave Quantum's liquidity looks solid ahead of Q3 earnings, but stretched valuation and ongoing losses cloud its near-term appeal.

Read More
image for news QBTS Investment Check Before Q3 Earnings: Liquidity Solid Amid Risks
Quantum Stocks Are Surging on JPMorgan's $10 Billion Gold Rush
IONQ, QBTS, QUBT, RGTI
Published: October 15, 2025 by: 24/7 Wall Street
Sentiment: Positive

JPMorgan Chase ( NYSE:JPM ) CEO Jamie Dimon ignited fresh momentum in quantum computing with the launch on Monday of the bank's Security & Resiliency Initiative.

Read More
image for news Quantum Stocks Are Surging on JPMorgan's $10 Billion Gold Rush
Swiss Quantum Technology SA Signs €10M Agreement to Deploy D-Wave Advantage2 Annealing Quantum Computer
QBTS
Published: October 15, 2025 by: Business Wire
Sentiment: Neutral

PALO ALTO, Calif. & COMO, Italy--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, today announced an agreement with Swiss Quantum Technology SA (“SQT”) to deploy a D-Wave Advantage2TM annealing quantum computer in Europe. Announced today at Digital Innovation Forum - ComoLake 2025, the agreement represents a €10M commitment from SQT, with an.

Read More
image for news Swiss Quantum Technology SA Signs €10M Agreement to Deploy D-Wave Advantage2 Annealing Quantum Computer
Quantum computing stocks soared again yesterday. The reason why may surprise even their biggest boosters
IONQ, QBTS, QUBT, RGTI
Published: October 14, 2025 by: Fast Company
Sentiment: Positive

Shares in America's “Quantum Four” quantum computing companies surged again yesterday. D-Wave, IonQ, Quantum Computing, and Rigetti all saw their stock prices jump by double-digit percentages.

Read More
image for news Quantum computing stocks soared again yesterday. The reason why may surprise even their biggest boosters
Investing in Quantum: IONQ, Rigetti & D-Wave Ahead of Q3 2025 Earnings
IONQ, QBTS, RGTI
Published: October 13, 2025 by: Zacks Investment Research
Sentiment: Positive

IONQ, RGTI, and QBTS strengthen liquidity, hit key tech milestones and expand partnerships ahead of Q3 earnings.

Read More
image for news Investing in Quantum: IONQ, Rigetti & D-Wave Ahead of Q3 2025 Earnings
Rigetti, D-Wave, IonQ Could Get JPMorgan's Support—Quantum Stocks Take Off
IONQ, JPM, QBTS, RGTI
Published: October 13, 2025 by: Benzinga
Sentiment: Positive

Quantum computing stocks rallied on Monday as broader markets breathed a sigh of relief after President Trump appeared to cool trade tensions with China.

Read More
image for news Rigetti, D-Wave, IonQ Could Get JPMorgan's Support—Quantum Stocks Take Off

About D-Wave Quantum Inc. (QBTS)

  • IPO Date 2020-12-11
  • Website https://www.dwavesys.com
  • Industry Computer Hardware
  • CEO Alan E. Baratz
  • Employees 216

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Launch, a quantum computing onboarding service; Ocean a full suite of open-source programming tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through in-production application deployment. The company's quantum solutions are used in artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. It serves manufacturing and logistics, financial services, life sciences, and other industries. D-Wave Quantum Inc. is based in Burnaby, Canada.