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 0.0757
  • Book/Share 2.3582
  • PB 10.4783
  • Debt/Equity 0.0576
  • CurrentRatio 42.9874
  • ROIC -0.0952

 

  • MktCap 8366933232.0
  • FreeCF/Share -0.1805
  • PFCF -157.4508
  • PE -25.8386
  • Debt/Assets 0.0474
  • DivYield 0
  • ROE -1.1887

 

  • 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 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

D-Wave Quantum Sees Solid Funding, Expansion and Growth in 2025
QBTS
Published: October 01, 2025 by: Zacks Investment Research
Sentiment: Positive

D-Wave Quantum secures $400M funding, expands global reach and advances toward 100,000-qubit targets with NASA JPL partnership.

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image for news D-Wave Quantum Sees Solid Funding, Expansion and Growth in 2025
A Closer Look at D-Wave's Big Gains in September: More in Store?
QBTS
Published: September 30, 2025 by: MarketBeat
Sentiment: Positive

D-Wave Quantum Inc. NYSE: QBTS has presented an interesting share price trajectory throughout the first three quarters of 2025. Dipping early in the year and remaining flat for several months, shares climbed in May but leveled off for most of the summer.

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image for news A Closer Look at D-Wave's Big Gains in September: More in Store?
North Wales Police and D-Wave Announce Hybrid-Quantum Application Outperforms Classical Results in Proof-of-Technology Project Optimizing Police Vehicle Placement
QBTS
Published: September 30, 2025 by: Business Wire
Sentiment: Neutral

PALO ALTO, Calif. & NORTH WALES, United Kingdom--(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, and North Wales Police (NWP) today announced the completion of a joint proof-of technology project leveraging a hybrid-quantum application to optimize placement of police vehicles for emergency response. The hybrid-quantum technology delivered a.

Read More
image for news North Wales Police and D-Wave Announce Hybrid-Quantum Application Outperforms Classical Results in Proof-of-Technology Project Optimizing Police Vehicle Placement
Memes Are Back: Retail Investors Are Piling Into 3 Quantum Stocks
IONQ, QBTS, RGTI
Published: September 29, 2025 by: MarketBeat
Sentiment: Positive

Are family and friends starting to discuss their favorite stocks with you again? Speculation is beginning to reemerge in the market, and retail investors are again leading the charge.

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image for news Memes Are Back: Retail Investors Are Piling Into 3 Quantum Stocks
Rigetti vs D-Wave: Which Quantum Computing Stock Holds More Promise?
QBTS, RGTI
Published: September 26, 2025 by: Zacks Investment Research
Sentiment: Neutral

RGTI advances superconducting qubits while QBTS pushes annealing, showcasing two distinct quantum computing strategies for investors.

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image for news Rigetti vs D-Wave: Which Quantum Computing Stock Holds More Promise?
D-Wave Quantum: The Only Quantum You Can Use Today, But I Would Still Sell
QBTS
Published: September 25, 2025 by: Seeking Alpha
Sentiment: Negative

D-Wave Quantum Inc. is the only public pure-play quantum computing company generating revenue, focusing on quantum annealing for optimization rather than gate-model quantum computing. QBTS boasts real customers, commercial products, and strong liquidity, but faces massive dilution and trades at an extreme valuation of over 350x forward sales. While D-Wave's commercial head start and government partnerships are positives, risks include limited scope for annealing and lagging far behind in gate-model development.

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image for news D-Wave Quantum: The Only Quantum You Can Use Today, But I Would Still Sell
D-Wave Rises on Advantage2 Launch, Solid Roadmap: More Upside Ahead?
QBTS
Published: September 23, 2025 by: Zacks Investment Research
Sentiment: Positive

D-Wave launches Advantage2, achieves quantum supremacy, and expands quantum AI & hybrid solutions, but analyst targets signal limited short-term upside.

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image for news D-Wave Rises on Advantage2 Launch, Solid Roadmap: More Upside Ahead?
The Contrarian Edge: 2 Things Soaring Small Caps Have in Common
BE, IONQ, NNE, OKLO, QBTS, RGTI
Published: September 23, 2025 by: Schaeffers Research
Sentiment: Neutral

Subscribers to Chart of the Week received this commentary on Sunday, September 21.

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image for news The Contrarian Edge: 2 Things Soaring Small Caps Have in Common
D-Wave (QBTS) CEO on Advantage2, Quantum Applications & A.I. Training
QBTS
Published: September 23, 2025 by: Schwab Network
Sentiment: Positive

Alan Baratz, CEO of D-Wave Quantum (QBTS), returns to Schwab Network to talk about how his company has accelerated its quantum tech into its customer base. He says D-Wave's Advantage2 quantum computer has real-world applications today, with the tech poised to grow in the coming years.

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image for news D-Wave (QBTS) CEO on Advantage2, Quantum Applications & A.I. Training
D-WAVE QUANTUM (QBTS) Stock Jumps 11.9%: Will It Continue to Soar?
QBTS
Published: September 22, 2025 by: Zacks Investment Research
Sentiment: Positive

D-WAVE QUANTUM (QBTS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

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image for news D-WAVE QUANTUM (QBTS) Stock Jumps 11.9%: Will It Continue to Soar?
Why D-Wave Quantum Computing Stock Dropped Today
QBTS
Published: September 22, 2025 by: The Motley Fool
Sentiment: Negative

Point -- counterpoint.

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image for news Why D-Wave Quantum Computing Stock Dropped Today
IonQ, Rigetti Computing and D-Wave Quantum
IONQ, QBTS, RGTI
Published: September 19, 2025 by: Zacks Investment Research
Sentiment: Neutral

IonQ, Rigetti, and D-Wave rally as fresh deals, global demand, and government support push quantum stocks further into the spotlight.

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image for news IonQ, Rigetti Computing and D-Wave Quantum
Quantum Stocks Break Out: What's Next for IONQ, RGTI and QBTS?
IONQ, QBTS, RGTI
Published: September 18, 2025 by: Zacks Investment Research
Sentiment: Positive

Just two weeks ago (here), I laid out a tactical plan for trading the emerging leaders in the quantum space. Since then, IonQ ( IONQ ), Rigetti Computing ( RGTI ), and D-Wave Quantum ( QBTS ) have delivered explosive rallies, rewarding traders who were positioned and pushing the group further into the spotlight.

Read More
image for news Quantum Stocks Break Out: What's Next for IONQ, RGTI and QBTS?
D-Wave Quantum Inc. Company Investigated by the Portnoy Law Firm
QBTS
Published: September 18, 2025 by: GlobeNewsWire
Sentiment: Neutral

Investors can contact the law firm at no cost to learn more about recovering their losses

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image for news D-Wave Quantum Inc. Company Investigated by the Portnoy Law Firm
QBTS Stock Up 47% in a Month: More Upside Ahead With Advantage2?
QBTS
Published: September 18, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS surges 47% in a month as its new Advantage2 system, strong customer wins and analyst targets hint at more upside.

Read More
image for news QBTS Stock Up 47% in a Month: More Upside Ahead With Advantage2?
Quantum stocks are hot again. Here's what's behind their explosive rally.
IONQ, QBTS
Published: September 18, 2025 by: Market Watch
Sentiment: Positive

Shares of quantum-computing companies like D-Wave and IonQ are soaring this week as a flurry of positive news boosts investor enthusiasm for the emerging technology.

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image for news Quantum stocks are hot again. Here's what's behind their explosive rally.
Watch These D-Wave Quantum Price Levels as Stock Soars to Record High
QBTS
Published: September 18, 2025 by: Investopedia
Sentiment: Positive

D-Wave Quantum (QBTS) shares remain in focus after surging to a fresh record high yesterday following the company's inaugural Qubits Japan 2025 quantum computing user conference.

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image for news Watch These D-Wave Quantum Price Levels as Stock Soars to Record High
D-Wave Quantum: How Does QBTS Stock Fall To $1?
QBTS
Published: September 18, 2025 by: Forbes
Sentiment: Negative

D-Wave Quantum stock (NYSE: QBTS) has skyrocketed by an impressive 2,200% over the past twelve months. What is the reason behind this?

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image for news D-Wave Quantum: How Does QBTS Stock Fall To $1?
QBTS in Focus Amid Quantum Launches, Competition With IBM, HON
QBTS
Published: September 10, 2025 by: Zacks Investment Research
Sentiment: Neutral

QBTS stock price likely to rise as the company launches Advantage2, tackles AI and eyes 100K-qubit system amid IBM and Honeywell competition.

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image for news QBTS in Focus Amid Quantum Launches, Competition With IBM, HON
Quantum Stock Tracker: Nvidia Backs Quantinuum; D-Wave, IonQ Announce New Execs
IONQ, NVDA, QBTS
Published: September 09, 2025 by: Benzinga
Sentiment: Positive

Quantum stocks climbed Tuesday as anticipated interest rate cuts and a broader bullish move in tech stocks provided a supportive backdrop for innovation sectors like quantum computing.

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image for news Quantum Stock Tracker: Nvidia Backs Quantinuum; D-Wave, IonQ Announce New Execs
5 Stocks Poised to DOUBLE Your Money by 2027
ACHR, JOBY, QBTS, RGTI, SOUN, VKTX, ZENA
Published: September 09, 2025 by: 24/7 Wall Street
Sentiment: Positive

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image for news 5 Stocks Poised to DOUBLE Your Money by 2027
Nvidia's $600 Million Quantum Computing Bet: Time to Buy Rigetti, IonQ, or D-Wave?
IONQ, QBTS, RGTI
Published: September 05, 2025 by: 24/7 Wall Street
Sentiment: Neutral

Read More
image for news Nvidia's $600 Million Quantum Computing Bet: Time to Buy Rigetti, IonQ, or D-Wave?
Nvidia Invests in Honeywell's Quantinuum. What It Means for D-Wave, IonQ, and Quantum Stocks.
HON, IONQ, NVDA, QBTS
Published: September 04, 2025 by: Barrons
Sentiment: Positive

Quantinuum and Nvidia have a ‘shared vision' for quantum computing, CEO Rajeeb Hazra previously told Barron's.

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image for news Nvidia Invests in Honeywell's Quantinuum. What It Means for D-Wave, IonQ, and Quantum Stocks.
Top Quantum Stocks Eyeing a Breakout (QBTS, IONQ, RGTI)
IONQ, QBTS, RGTI
Published: September 03, 2025 by: Zacks Investment Research
Sentiment: Positive

Quantum computing has quickly emerged as one of the most exciting new narratives in the market, producing some of the best-performing stocks over the past year. Shares of D-WAVE QUANTUM ( QBTS ), IonQ ( IONQ ), and Rigetti Computing ( RGTI ), three of the industry's leading names, have surged anywhere from 500% to 1,600% in the last twelve months as investors priced in the promise of breakthrough innovation.

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image for news Top Quantum Stocks Eyeing a Breakout (QBTS, IONQ, RGTI)
D-Wave Pushes Quantum-AI Frontier but Faces Pressure From IBM, Google
QBTS
Published: September 02, 2025 by: Zacks Investment Research
Sentiment: Negative

D-Wave debuts a PyTorch-integrated Quantum AI toolkit, but IBM and Google's hardware breakthroughs keep the pressure on.

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image for news D-Wave Pushes Quantum-AI Frontier but Faces Pressure From IBM, Google
What to Watch for From D-Wave Now That Earnings Are Done
QBTS
Published: September 02, 2025 by: MarketBeat
Sentiment: Neutral

The mid-year earnings season for D-Wave Quantum Inc. NYSE: QBTS has come and gone, with the quantum computing firm posting mixed results but seeing a share price spike in the days following the announcement. But while D-Wave was up about 20% in the month leading to mid-August, as of the start of September 2025, shares have slumped by 9% in the same 30-day time period.

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image for news What to Watch for From D-Wave Now That Earnings Are Done
Is D-Wave Quantum Stock a Buy Now?
QBTS
Published: September 01, 2025 by: The Motley Fool
Sentiment: Positive

D-Wave Quantum's (QBTS -1.82%) stock surged more than 1,480% over the past 12 months. That explosive rally, which lifted it from its all-time lows, was driven by the market's growing enthusiasm for quantum computing stocks.

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image for news Is D-Wave Quantum Stock a Buy Now?
Quantum to Oil: Should You Keep an Eye on D-Wave & ExxonMobil Stocks?
QBTS, XOM
Published: August 28, 2025 by: Zacks Investment Research
Sentiment: Positive

XOM and QBTS are exploring quantum tech to boost efficiency and tackle complex challenges across energy and beyond.

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image for news Quantum to Oil: Should You Keep an Eye on D-Wave & ExxonMobil Stocks?
The 3 Best Quantum Computing Stocks to Buy in September
IONQ, QBTS, RGTI
Published: August 26, 2025 by: 24/7 Wall Street
Sentiment: Positive

The quantum computing revolution is upon us, and whether you're a proponent of this sector's long-term success, or you're skeptical of the ultimate impact this space will have on the overall tech landscape, it's clear that the returns many of the top quantum computing stocks have provided in recent months has changed the game for many investors.

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image for news The 3 Best Quantum Computing Stocks to Buy in September
Believe Quantum Is the Future? Here Are 3 Stocks to Grab Now
IONQ, QBTS, RGTI
Published: August 19, 2025 by: 24/7 Wall Street
Sentiment: Neutral

Better, some of the hottest quantum-related stocks are already starting to explode.

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image for news Believe Quantum Is the Future? Here Are 3 Stocks to Grab Now

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.