D-Wave Quantum Inc. (QBTS)
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- symbol QBTS
- Rev/Share 0.0706
- Book/Share 1.9595
- PB 16.4276
- Debt/Equity 0.0115
- CurrentRatio 54.6763
- ROIC -0.1007
- MktCap 11160884610.0
- FreeCF/Share -0.16
- PFCF -203.8183
- PE -27.6209
- 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 4
Recent Analyst Ratings
| Type | Ticker | Analyst Firm | Previous Rating | Current Rating | Previous Price Target | Current Price Target | Date |
|---|---|---|---|---|---|---|---|
| Initiation | QBTS | Wedbush | -- | Outperform | -- | $35 | Dec. 17, 2025 |
| Initiation | QBTS | Mizuho | -- | Outperform | -- | $46 | Dec. 11, 2025 |
| Initiation | QBTS | Evercore ISI | -- | Outperform | -- | $44 | Dec. 3, 2025 |
| 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, Rigetti, IonQ Stocks Climb In Retail-Fueled Santa Rally
Published: December 22, 2025 by: Benzinga
Sentiment: Positive
The final trading weeks of 2025 are witnessing a classic “Santa Rally” with a futuristic twist. Institutional desks have thinned out for the holiday season—the proverbial “smart money” taking a breather— and retail investors are driving a surge in quantum stocks.
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Wall Street Discovered Quantum Computing Stocks In 2025. Will The Love Last?
Published: December 22, 2025 by: Investors Business Daily
Sentiment: Positive
Quantum computing stocks got Wall Street's attention in 2025 as JPMorgan, Jefferies, Evercore ISI, Cantor and Mizuho initiated coverage.
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4 Quantum Stocks to Watch as the Next Computing Revolution Unfolds
Published: December 17, 2025 by: MarketBeat
Sentiment: Positive
While investors with a short-term perspective might have balked at autumnal declines across the industry, those with a more bullish perspective on quantum computing stocks are likely to ride out the recent turbulence. The technology is still developing and has not yet reached a point at which it is able to transform the lives of everyday users—most quantum computing clients are governments, universities, and other large networks in search of more potent computing power.
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D-Wave Quantum Is Looking Like The Early Quantum Computing Winner (Upgrade)
Published: December 16, 2025 by: Seeking Alpha
Sentiment: Positive
We like to pick winners. But sometimes, that's hard to do. It's particularly so now for quantum computing, where everybody and everything is very new. But D-Wave Computing (QBTS) is already starting to separate itself from the pack. QBTS's dual approach—offering both annealing and gate-model quantum computers—positions it to address the full market opportunity.
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Wall Street is Still Bullish on D-Wave, Roku, and EssilorLuxotica
Published: December 16, 2025 by: 24/7 Wall Street
Sentiment: Positive
Given the surge of interest and potential in quantum computing, it would also help explain why analysts at Jefferies say D-Wave Quantum (NASDAQ: QBTS) could surge 90% higher in 2026.
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The Quantum Fleet: Investing in the New Quantum Standard
Published: December 11, 2025 by: MarketBeat
Sentiment: Neutral
The era of buying stock based on science fiction potential has finally ended. Throughout 2025, the quantum computing sector underwent a massive, necessary shift in investor sentiment.
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Quantum Stocks Poised for a Fresh Breakout (IONQ, QBTS, RGTI)
Published: December 09, 2025 by: Zacks Investment Research
Sentiment: Positive
Momentum is returning to the quantum computing sector.
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A Big-Name Analyst Started D-Wave Quantum as a Buy. It Might Have Further to Fly
Published: December 09, 2025 by: 24/7 Wall Street
Sentiment: Positive
Just when you thought the quantum computing trade was a bubble that was about to go bust for good, the broad basket of names went on to enjoy a robust bounce, with D-Wave Quantum (NYSE:QBTS) rocketing more than 50% from its lows of November.
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QBTS Fortifies Its Balance Sheet Amid Competition With IONQ, RGTI
Published: December 05, 2025 by: Zacks Investment Research
Sentiment: Positive
QBTS' surging margins and $836M cash position highlight its growing strength despite recent stock pressure.
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Time to Buy Quantum Stocks? (QBTS, IONQ, RGTI)
Published: December 04, 2025 by: Zacks Investment Research
Sentiment: Positive
After a sharp six-week correction, quantum stocks are finally showing signs of life. The technical setups across IonQ ( IONQ ), Rigetti Computing ( RGTI ), and D-Wave Quantum ( QBTS ) have tightened into bullish coils and all three have broken higher this week on good volume, which can often an early signal of renewed momentum.
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QBTS Stock Outlook: After 168% Gains, What's Next?
Published: December 04, 2025 by: Forbes
Sentiment: Negative
D-Wave Quantum (QBTS) stock has declined by 24.2% over the past 21 trading days. This recent downturn underscores renewed worries regarding D-Wave's speculative valuation along with ongoing operating losses.
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How Low Can QBTS Stock Go?
Published: December 04, 2025 by: Forbes
Sentiment: Negative
D-Wave Quantum (QBTS) stock has declined by 24.2% over the past 21 trading days. This recent downturn underscores renewed worries regarding D-Wave's speculative valuation along with ongoing operating losses.
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Rigetti vs D-Wave Quantum: Which Quantum Stock Is the Smarter Bet?
Published: November 28, 2025 by: Zacks Investment Research
Sentiment: Positive
RGTI and QBTS take divergent quantum paths, contrasting long-term universality with near-term commercial traction.
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D-Wave vs. Quantum Computing: Which Stock is Truly Worth the Hype?
Published: November 27, 2025 by: Zacks Investment Research
Sentiment: Positive
QBTS' real-world deployments, soaring margins and rising customer traction sharpen the comparison with its more nascent quantum rival.
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UPDATED: GraniteShares Expands YieldBOOST™ Lineup with Two New ETFs on Quantum Computing Leaders RGYY and QBY
Published: November 25, 2025 by: GlobeNewsWire
Sentiment: Neutral
New York, NY, Nov. 25, 2025 (GLOBE NEWSWIRE) -- GraniteShares, a one of the leading issuers of exchange-traded funds (ETFs), today announced the launch of two new additions to its growing YieldBOOST ™ family offering investors new ways to access income opportunities from the fast-evolving quantum computing space.
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How Does D-Wave Stack Up to Quantum Rivals After Earnings Season?
Published: November 17, 2025 by: MarketBeat
Sentiment: Neutral
Shares of quantum computing firm D-Wave Quantum Inc. NYSE: QBTS seem to be cooling, despite a third-quarter earnings report that was notably strong on multiple fronts. The stock has plunged by more than 38% in the last month, essentially reversing all gains achieved since mid-September 2025.
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Quantum Computing Stocks Are Back in the Spotlight. What Investors Should Know.
Published: November 12, 2025 by: Barrons
Sentiment: Neutral
Quantum computing is back in the spotlight as Rigetti, IonQ, and D-Wave report earnings.
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Quantum Stock Tracker: IonQ, Rigetti, D-Wave Report Q3 Earnings
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.
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QBTS Q3 Review: Hybrid Gains and R&D Discipline Drive Outlook
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.
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An Earnings Win With a Stock Slump: What's Happening With D-Wave?
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.
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D-Wave Quantum Inc. (QBTS) Q3 2025 Earnings Call Transcript
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 …
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‘We're the Only Real Quantum Company': The 3 Lines That Define D-Wave's Hype Cycle
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.
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QBTS Q3 Earnings Miss Estimates, Revenues Rise Y/Y, Stock Climbs
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.
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D-Wave Quantum Inc. (QBTS) Reports Q3 Loss, Tops Revenue Estimates
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.
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Will D-Wave (QBTS) Stock Keep Rallying, or Will the Bubble Burst? Here's What Traders Are Betting On
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.
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IONQ vs RGTI vs QBTS: Which Quantum Computing Stock Should You Buy in November 2025?
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.
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QS Stock Or QBTS Stock: Which Future Tech Wins?
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?
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D-Wave Quantum Gains Nvidia's NVQLink Tailwind Ahead Of Q3 ER (Rating Upgrade)
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.
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Will D-Wave's Federal Government Boost Last?
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%.
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Why D-Wave Quantum Stock Plummeted This Week
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.
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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