D-Wave Quantum Inc. (QBTS)
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- symbol QBTS
- Rev/Share 0.0707
- Book/Share 1.964
- PB 10.6774
- Debt/Equity 0.0593
- CurrentRatio 54.6763
- ROIC -0.1007
- MktCap 7688714438.0
- FreeCF/Share -0.1604
- PFCF -140.4101
- PE -17.9527
- Debt/Assets 0.046
- 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
Quantum Stocks: February 2026 Outlook After January's Sell-Off
Published: February 02, 2026 by: Zacks Investment Research
Sentiment: Negative
After January's sell-off, quantum stocks face a selective February, with IonQ aided by a $1.8B SkyWater deal as macro pressure lingers.
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D-Wave's Big Deal, Bigger Question: Can Sales Catch Up to the Hype?
Published: February 02, 2026 by: MarketBeat
Sentiment: Positive
It has been a big year so far for D-Wave Quantum Inc. NYSE: QBTS, as the company closed on its $550-million cash and stock acquisition of Quantum Circuits in January, dramatically increasing D-Wave's capabilities in the gate-model quantum tech space. While investors may increasingly see D-Wave as a leading quantum computing player with key advantages over its competitors in the wake of the acquisition, shelf registrations totaling $330 million in the first month of the year may also set off alarm bells about further dilution risk.
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CP Group Secures Global Headquarters Relocation of Quantum Computing Pioneer D-Wave to Its Boca Raton Innovation Campus (BRiC)
Published: January 28, 2026 by: Business Wire
Sentiment: Neutral
BOCA RATON, Fla.--(BUSINESS WIRE)--CP Group, an owner-operator of office properties across the Sunbelt, along with DRA Advisors, today announced it has signed a landmark lease agreement with D-Wave Quantum Inc. (NYSE: QBTS), the only dual-platform quantum computing company, that provides annealing and gate-model systems, software, and services. D-Wave will relocate its global headquarters and establish a major U.S. Research and Development (R&D) facility at the Boca Raton Innovation Campus.
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D-Wave Files $330 Million Shelf: Growth Fuel or Dilution Risk?
Published: January 26, 2026 by: MarketBeat
Sentiment: Positive
With its major acquisition of Quantum Circuits now complete, D-Wave Quantum Inc. NYSE: QBTS has begun to present itself as the world's leading quantum computing firm. The company now occupies a prominent position in both annealing and gate-model technology development, a dual-focus approach that sets it apart from competitors in the space.
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Massive News: D-Wave Just Changed Its Quantum Computing Strategy
Published: January 23, 2026 by: The Motley Fool
Sentiment: Negative
D-Wave Quantum (QBTS +5.34%) just made a strategic acquisition that could redefine its role in quantum computing. If the company executes, this stock could deliver outsized long-term returns despite serious risks.
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Rigetti vs. D-Wave: Which Quantum Computing Stock Is the Better Pick?
Published: January 22, 2026 by: Zacks Investment Research
Sentiment: Neutral
RGTI and QBTS showcase two distinct quantum paths, long-term gate-based ambition versus near-term commercial adoption.
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QBTS Soars 332% in a Year: Quantum Revenue Growth to Continue in 2026?
Published: January 22, 2026 by: Zacks Investment Research
Sentiment: Positive
QBTS surges 332% in a year, with 2025 marking a shift from research to revenues, reflecting triple-digit growth and Advantage2 system sales.
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3 Key Ways D-Wave Is Developing an Advantage in Quantum Computing
Published: January 20, 2026 by: MarketBeat
Sentiment: Positive
D-Wave Quantum Inc. NYSE: QBTS, the $10-billion quantum computing company with a share price that has soared by more than 358% in the last 12 months, is working to position itself as the go-to quantum firm in a crowded field that also includes competitors like IonQ Inc. NYSE: IONQ, Rigetti Computing NASDAQ: RGTI, and others.
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D-Wave Completes Acquisition of Quantum Circuits Inc., Creating World's Leading Quantum Computing Company
Published: January 20, 2026 by: Business Wire
Sentiment: Neutral
PALO ALTO, Calif.--(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 that it has completed its previously announced acquisition of Quantum Circuits Inc. (“Quantum Circuits”), a leading developer of error-corrected superconducting gate-model quantum computing systems. D-Wave expects the acquisition to significantly accelerate.
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Inside D-Wave's Major Acquisition—What Changes for Investors
Published: January 12, 2026 by: MarketBeat
Sentiment: Positive
Popular quantum computing company D-Wave Quantum Inc. NYSE: QBTS has taken another step toward cementing its status as a leader in the field with its early-2026 announcement that it plans to acquire privately-held rival Quantum Circuits Inc. in a deal worth $550 million. The move is D-Wave's first major acquisition announced since it revealed well over $800 million in cash reserves in its second-quarter 2025 earnings results, prompting speculation among investors that the company was preparing to go on a buying spree.
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QBTS Stock Analysis: Is D-Wave Quantum Worth $10 Billion?
Published: January 12, 2026 by: Forbes
Sentiment: Neutral
D-Wave (NYSE: QBTS) is in the process of commercializing quantum annealing technology— a specialized quantum method tailored for addressing optimization issues. In contrast to competitors pursuing universal quantum computing, they have opted for a more focused yet immediately applicable approach.
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D-Wave's Year in Review: 2025 Wins Set the Stage for 2026
Published: January 09, 2026 by: MarketBeat
Sentiment: Neutral
For all of its many achievements in 2025, D-Wave Quantum Inc. NYSE: QBTS remains a speculative and controversial investment. The much-hyped quantum computing firm more than tripled in value in the last year with returns of more than 232%, but it has a fairly high short interest of 12.47% of the public float, meaning that a sizable number of investors are skeptical that the firm will be able to maintain its trajectory.
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D-Wave: Quantum's First Real Revenue Winner
Published: January 07, 2026 by: Seeking Alpha
Sentiment: Positive
D-Wave Quantum Inc. reported nearly 100% YoY revenue growth, reaching $3.74 million in Q3, signaling accelerating commercial quantum adoption. Over 100 organizations run production workloads, with clients achieving measurable ROI across manufacturing, logistics, public safety, and pharmaceuticals. D-Wave's revenue model spans QCaaS, professional services, and system sales, including a €10 million Advantage2 installation in Italy.
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What To Expect At CES 2026: Nvidia, AMD, Joby, Archer, D-Wave And More
Published: January 05, 2026 by: Benzinga
Sentiment: Neutral
One of the biggest tech industry events of the year, the Consumer Electronics Show (CES) 2026, kicks off in Las Vegas on Monday afternoon. This year's event will highlight physical AI and AI at the edge with agents and robots that can see, touch and act in the real world.
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D-Wave Quantum Builds Momentum With Product Development Milestones
Published: January 02, 2026 by: Zacks Investment Research
Sentiment: Positive
QBTS gains attention after launching Advantage2, advancing gate-model chips and nearing Advantage3 milestones in a pivotal year.
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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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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