D-Wave Quantum Inc. (QBTS)

CA — Technology Sector
Peers: RGTI  QUBT  IONQ  QMCO  ARQQ  FOXO 

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Key Metrics & Ratings

  • symbol QBTS
  • Rev/Share 0.0746
  • Book/Share 0.7241
  • PB 22.6359
  • Debt/Equity 0.039
  • CurrentRatio 20.7257
  • ROIC -0.2272

 

  • MktCap 5063805230.0
  • FreeCF/Share -0.1822
  • PFCF -97.0505
  • PE -35.5671
  • Debt/Assets 0.0248
  • DivYield 0
  • ROE -2.2795

 

  • Rating C-
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 1
  • P/B Score 1
  • D/E Score 4

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Initiation QBTS Cantor Fitzgerald -- Overweight -- $20 July 2, 2025

News

D-Wave Slips as IBM and Google Threaten Its Quantum Edge: What Now?
QBTS
Published: July 10, 2025 by: Zacks Investment Research
Sentiment: Negative

QBTS slips as IBM and Google ramp up gate-based quantum tech, raising doubts about D-Wave's long-term scalability.

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image for news D-Wave Slips as IBM and Google Threaten Its Quantum Edge: What Now?
D-Wave Is Rising Again Despite Dilution—What's the Deal?
QBTS
Published: July 07, 2025 by: MarketBeat
Sentiment: Positive

As quantum computing leader D-Wave Quantum Inc. NYSE: QBTS announced the completion of its $400-million at-the-market equity offering, the company's share price spiked by more than 19% in under a week.

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image for news D-Wave Is Rising Again Despite Dilution—What's the Deal?
QBTS: With Its Quantum Leap Priced In, Jump In On A Dip
QBTS
Published: July 03, 2025 by: Seeking Alpha
Sentiment: Positive

D-Wave Quantum Inc. is a pre-profit, early-stage quantum computing company that specializes in quantum annealing systems. My DCF valuation points to D-Wave trading at a premium, but for good reason. Although this report recommends to Hold, any breakthroughs in quantum computing could be a positive catalyst for this stock.

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image for news QBTS: With Its Quantum Leap Priced In, Jump In On A Dip
Quantum Computing Stocks: Billion-Dollar Groundbreaking Opportunity or Money Sinkhole?
IONQ, QBTS, QUBT, RGTI
Published: July 03, 2025 by: 24/7 Wall Street
Sentiment: Neutral

Key Points in This Article: Quantum computing's potential to revolutionize industries like drug discovery and AI drives significant interest, with projections of a massive market by 2040.

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image for news Quantum Computing Stocks: Billion-Dollar Groundbreaking Opportunity or Money Sinkhole?
D-Wave Quantum Rallies on Capital Raise: More Upside Ahead for QBTS?
QBTS
Published: July 03, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS stock surges 152% in three months as system sales and a $400M capital raise fuel growth and strengthen its balance sheet.

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image for news D-Wave Quantum Rallies on Capital Raise: More Upside Ahead for QBTS?
D-Wave Quantum Rallies on Capital Raise: More Upside Ahead for QBTS?
QBTS
Published: July 03, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS stock surges 152% in three months as system sales and a $400M capital raise fuel growth and strengthen its balance sheet.

Read More
image for news D-Wave Quantum Rallies on Capital Raise: More Upside Ahead for QBTS?
Rigetti vs. D-Wave: Which Quantum Computing Stock Has Better Prospects?
QBTS, RGTI
Published: July 01, 2025 by: Zacks Investment Research
Sentiment: Positive

As quantum computing evolves from theory to commercialization, two distinct visions are emerging. Rigetti Computing RGTI and D-Wave Quantum Inc. QBTS represent divergent paths toward unlocking quantum advantage.

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image for news Rigetti vs. D-Wave: Which Quantum Computing Stock Has Better Prospects?
D-Wave Quantum Stock Down 28% From Peak As Google And IBM May Prevail
QBTS
Published: June 30, 2025 by: Forbes
Sentiment: Negative

D-Wave Quantum Computing's share price is up 46% this year. But can the company's technology scale faster than what IBM and Google are promising?

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image for news D-Wave Quantum Stock Down 28% From Peak As Google And IBM May Prevail
D-Wave's Advantage2 Gains Traction: More Upside Ahead for QBTS Stock?
QBTS
Published: June 27, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS surges as D-Wave's Advantage2 system sees strong adoption across AI, defense and quantum optimization use cases.

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image for news D-Wave's Advantage2 Gains Traction: More Upside Ahead for QBTS Stock?
3 Quantum Computing Stocks on Verge of a Breakout: QBTS, IONQ, QUBT
IONQ, QBTS, QUBT
Published: June 27, 2025 by: Zacks Investment Research
Sentiment: Positive

IonQ, D-WAVE QUANTUM and Quantum Computing Inc. stocks represent some of the most compelling bleeding edge technology opportunities in the market today.

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image for news 3 Quantum Computing Stocks on Verge of a Breakout: QBTS, IONQ, QUBT
D-Wave Goes International With South Korea Partnership
QBTS
Published: June 23, 2025 by: MarketBeat
Sentiment: Neutral

One of the key criticisms among investors reluctant to buy into the tremendous hype surrounding quantum computing firm D-Wave Quantum Inc. NYSE: QBTS is the relatively limited nature of its marketability for the time being. The company famously relies on a small number of customers and major deals for its quantum computing systems to generate revenue, which has so far remained low relative to the firm's valuation.

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image for news D-Wave Goes International With South Korea Partnership
Will Quantum Computing Stocks Soar in the Second Half?
QBTS
Published: June 22, 2025 by: The Motley Fool
Sentiment: Positive

Quantum computing stocks skyrocketed in 2024, with names such as Quantum Computing and Rigetti Computing surging by more than 1,000%. Investors were eager to get in on what could become the next game-changing technology, and revenue growth as well as scientific progress from some of these quantum specialists boosted optimism.

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image for news Will Quantum Computing Stocks Soar in the Second Half?
D-Wave Expands Global Quantum Reach in 2025 Through Strategic Deals
QBTS
Published: June 20, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS surges 87.9% in three months as global deals from South Korea to Germany fuel its quantum expansion drive.

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image for news D-Wave Expands Global Quantum Reach in 2025 Through Strategic Deals
Pure-Play Quantum in Focus: IONQ, QBTS Shine, RGTI a Wait-and-See
IONQ, QBTS, RGTI
Published: June 19, 2025 by: Zacks Investment Research
Sentiment: Positive

IonQ and D-Wave Quantum impress with tech strides and revenue jumps, as Rigetti struggles to retain investor confidence.

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image for news Pure-Play Quantum in Focus: IONQ, QBTS Shine, RGTI a Wait-and-See
Is D-Wave's Latest $400M Sales Agreement a Dilution Deal-Breaker?
QBTS
Published: June 16, 2025 by: MarketBeat
Sentiment: Positive

After nearly touching $19 per share twice, in late May and again in early June 2025, D-Wave Quantum Inc. NYSE: QBTS seems to have lost momentum heading to the midpoint of the year. Shares are down about 20% in the five days leading up to June 13.

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image for news Is D-Wave's Latest $400M Sales Agreement a Dilution Deal-Breaker?
Seeking Quantum Computing Exposure? 2 Stocks Worth a Look
QBTS, RGTI
Published: June 13, 2025 by: Zacks Investment Research
Sentiment: Positive

The quantum computing theme is certainly in play, with the trend expected to remain strong as companies continue to unlock the technology's powers.

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image for news Seeking Quantum Computing Exposure? 2 Stocks Worth a Look
QBTS Soars Over 1,300% Despite IBM and GOOGL's Quantum Milestones
QBTS
Published: June 13, 2025 by: Zacks Investment Research
Sentiment: Positive

D-Wave Quantum skyrockets as its practical quantum tech gains traction while IBM and Google aim for future milestones.

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image for news QBTS Soars Over 1,300% Despite IBM and GOOGL's Quantum Milestones
Nvidia CEO Backtracks and Suddenly Bullish on Quantum Computing Stocks
IONQ, NVDA, QBTS, QUBT, RGTI
Published: June 11, 2025 by: 24/7 Wall Street
Sentiment: Positive

Earlier this year, Nvidia CEO wasn't so bullish on quantum computing. But he quickly changed his tune.

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image for news Nvidia CEO Backtracks and Suddenly Bullish on Quantum Computing Stocks
QBTS Stock: What's Next For D-Wave After 1,350% Rally?
QBTS
Published: June 11, 2025 by: Forbes
Sentiment: Positive

D-Wave Quantum (NYSE: QBTS), a company specializing in quantum computing, has experienced a remarkable stock price increase of 1,360% over the past twelve months, indicating a rising interest in this potentially transformative technology. Unlike conventional computers that operate using binary bits (0's and 1's), quantum computers leverage “qubits,” which can exist in multiple states simultaneously.

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image for news QBTS Stock: What's Next For D-Wave After 1,350% Rally?
D-Wave Quantum Stock Skyrockets on Real-World Computing Breakthroughs
QBTS
Published: June 04, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS jumps 1281% after proving real-world quantum supremacy, with its Advantage2 system solving complex problems and gaining traction in enterprise use.

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image for news D-Wave Quantum Stock Skyrockets on Real-World Computing Breakthroughs
Why the Market's Long-Term Outlook is Bullish
AI, AMZN, CRWV, GDP, NVDA, QBTS
Published: June 02, 2025 by: Zacks Investment Research
Sentiment: Positive

The confluence of strong economic indicators, the AI revolution, and the markets resilient behavior point to a market where bulls are in control.

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image for news Why the Market's Long-Term Outlook is Bullish
D-Wave Quantum Inc. (QBTS) Is Up 53.47% in One Week: What You Should Know
QBTS
Published: May 29, 2025 by: Zacks Investment Research
Sentiment: Positive

Does D-Wave Quantum Inc. (QBTS) have what it takes to be a top stock pick for momentum investors? Let's find out.

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image for news D-Wave Quantum Inc. (QBTS) Is Up 53.47% in One Week: What You Should Know
Legendary Billionaire Israel Englander Loaded Up on Quantum Computing Stock D-Wave (QBTS)
QBTS
Published: May 28, 2025 by: 24/7 Wall Street
Sentiment: Positive

Israel Englander, the billionaire founder and CEO of Millennium Management is one of the world's most successful hedge fund managers.

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image for news Legendary Billionaire Israel Englander Loaded Up on Quantum Computing Stock D-Wave (QBTS)
How Our Expectational Analysis Nailed the Quantum Stock Surge
IONQ, QBTS, RGTI
Published: May 27, 2025 by: Schaeffers Research
Sentiment: Positive

Subscribers to Chart of the Week received this commentary on Sunday, May 25.

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image for news How Our Expectational Analysis Nailed the Quantum Stock Surge
Quantum Computing Stocks Pop As IonQ Turns Green In 2025
IONQ, QBTS
Published: May 22, 2025 by: Investors Business Daily
Sentiment: Positive

Quantum computing stocks climbed on Thursday with IonQ and D-Wave the biggest gainers. IonQ turned positive in 2025.

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image for news Quantum Computing Stocks Pop As IonQ Turns Green In 2025
Quantum Quandary: Is D-Wave a Calculated Play or Leap of Faith?
QBTS
Published: May 22, 2025 by: MarketBeat
Sentiment: Positive

D-Wave Quantum Inc. NYSE: QBTS is one of the leading pioneers blazing a path and defining the future of the commercial quantum computing sector. The company distinguishes itself by being the only one commercially building both specialized quantum annealing systems, which are delivering value today, and also developing gate-model quantum computers for broader future applications.

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image for news Quantum Quandary: Is D-Wave a Calculated Play or Leap of Faith?
D-Wave Quantum: I Expect The Rally To Fade, Caution Is Advised
QBTS
Published: May 21, 2025 by: Seeking Alpha
Sentiment: Neutral

D-Wave Quantum Inc. delivered impressive Q1 results with 508% revenue growth, but this was driven by a one-off system sale, not recurring QCaaS revenue. Despite a strong cash position from a large equity raise, significant shareholder dilution and ongoing cash burn create uncertainty about future profitability. The path to long-term success hinges on scaling the QCaaS business, expanding enterprise adoption, and fending off competition from tech giants like Google and IBM.

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image for news D-Wave Quantum: I Expect The Rally To Fade, Caution Is Advised
Bull of the Day: D-Wave Quantum (QBTS)
QBTS
Published: May 21, 2025 by: Zacks Investment Research
Sentiment: Positive

D-Wave Quantum QBTS shares soared over 25% on Tuesday after the company announced its next-generation Advantage quantum computing system. Featuring D-Wave's most advanced quantum processor to date, the Advantage2 system is commercial-grade, and built to address real-world use cases in areas such as optimization, materials simulation and artificial intelligence (AI).

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image for news Bull of the Day: D-Wave Quantum (QBTS)
D-Wave's stock is surging — but here's why projecting future revenue is tricky
QBTS
Published: May 20, 2025 by: Market Watch
Sentiment: Positive

D-Wave Quantum Inc.'s stock was climbing more than 30% on Tuesday after the company announced the availability of its next-generation quantum computing system, Advantage2. But it remains unclear when the company will be able to book substantially larger revenue.

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image for news D-Wave's stock is surging — but here's why projecting future revenue is tricky
D-Wave Stock Is Soaring on a New Quantum Computer Launch
QBTS
Published: May 20, 2025 by: Investopedia
Sentiment: Positive

D-Wave Quantum (QBTS) shares surged Tuesday after the company unveiled its newest quantum computer, which it claims is capable of solving problems beyond the capabilities of a classical GPU-based supercomputer.

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image for news D-Wave Stock Is Soaring on a New Quantum Computer Launch

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.