D-Wave Quantum Inc. (QBTS)

CA — Technology Sector
Peers: RGTI  LOGI  IONQ  U  ZBRA  BSY  RBRK  OKTA  DT  KSPI 

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Key Metrics & Ratings

  • symbol QBTS
  • Rev/Share 0.0757
  • Book/Share 2.3582
  • PB 16.2538
  • Debt/Equity 0.0576
  • CurrentRatio 42.9874
  • ROIC -0.0952

 

  • MktCap 12978735361.0
  • FreeCF/Share -0.1805
  • PFCF -244.2366
  • PE -40.0807
  • 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 2
  • 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

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.

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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.

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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.

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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.

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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.

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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.

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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.

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image for news Rigetti, D-Wave, IonQ Could Get JPMorgan's Support—Quantum Stocks Take Off
Is Rigetti, IonQ, or D-Wave The Next 10x Stock?
IONQ, QBTS, RGTI
Published: October 10, 2025 by: 24/7 Wall Street
Sentiment: Negative

The quantum computing stocks have been on an incredible run, and while there's been no shortage of volatility and bear market moments on the road higher, the quantum trade, which consists of top stocks such as Rigetti Computing (NASDAQ:RGTI), IonQ (NASDAQ:IONQ), and D-Wave (NASDAQ:QBTS), has been melting up in vicious fashion.

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image for news Is Rigetti, IonQ, or D-Wave The Next 10x Stock?
3 Quantum Computing Stocks that Could Be The Next Nvidia
IONQ, QBTS, RGTI
Published: October 08, 2025 by: 24/7 Wall Street
Sentiment: Neutral

As Wall Street's AI darling, Nvidia (Nasdaq: NVDA) is one of those wonders that appear to come along once in a lifetime.

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image for news 3 Quantum Computing Stocks that Could Be The Next Nvidia
QBTS Accelerates Commercial Push, Investors Skeptical on Peer Pressure
QBTS
Published: October 07, 2025 by: Zacks Investment Research
Sentiment: Negative

QBTS ramps up commercial quantum deployments with its new Advantage2 system, but investors remain wary.

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image for news QBTS Accelerates Commercial Push, Investors Skeptical on Peer Pressure
Quantum stocks Rigetti Computing and D-Wave surged double-digits this week. Here's what's driving the big move
QBTS, RGTI
Published: October 03, 2025 by: CNBC
Sentiment: Positive

Rigetti Computing, D-Wave Quantum and Quantum Computing surged more than 20% this week. Rigetti announced purchase orders for two of its quantum computing systems totaling $5.7 million.

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image for news Quantum stocks Rigetti Computing and D-Wave surged double-digits this week. Here's what's driving the big move
Rigetti, D-Wave, and other quantum computing stocks are leaping again: How high will they go?
IONQ, QBTS, QUBT, RGTI
Published: October 03, 2025 by: Fast Company
Sentiment: Positive

Investors in quantum computing stocks are having another great week, with shares in the major publicly traded firms up by double digits over the last 24 hours in most cases. Here's a snapshot of their single-day growth as of the closing bell on Thursday:

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image for news Rigetti, D-Wave, and other quantum computing stocks are leaping again: How high will they go?
Investing in These 3 Quantum Computing Stocks Could Be a Once-in-a-Lifetime Opportunity
IONQ, QBTS, RGTI
Published: October 03, 2025 by: The Motley Fool
Sentiment: Positive

Making money sometimes comes down to being in the right place at the right time. There's one area for investors that just might be the right place right now.

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image for news Investing in These 3 Quantum Computing Stocks Could Be a Once-in-a-Lifetime Opportunity
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.

Read More
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.

Read More
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.

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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.

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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.

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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.

Read More
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

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.