D-Wave Quantum Inc. (QBTS)

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

Automate Your Wheel Strategy on QBTS

With Tiblio's Option Bot, you can configure your own wheel strategy including QBTS - and automate your put writes, covered calls, and full wheel strategy. Just connect one of the supported brokerages: tastytrade, Schwab, TradeStation or Tradier and go.

Start Your Free Trial Now

Key Metrics & Ratings

  • symbol QBTS
  • Rev/Share 0.0757
  • Book/Share 2.3582
  • PB 13.171
  • Debt/Equity 0.0576
  • CurrentRatio 42.9874
  • ROIC -0.0952

 

  • MktCap 10517075928.0
  • FreeCF/Share -0.1805
  • PFCF -197.9126
  • PE -32.4787
  • 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

Despite Trump Administration Denials, Quantum Stocks Keep Leaping Higher
IONQ, QBTS, QUBT, RGTI
Published: October 24, 2025 by: 24/7 Wall Street
Sentiment: Positive

Read More
image for news Despite Trump Administration Denials, Quantum Stocks Keep Leaping Higher
Traders Are Actively Buying These Stocks Right Now
OPEN, PLUG, QBTS, RGTI
Published: October 24, 2025 by: 24/7 Wall Street
Sentiment: Neutral

Read More
image for news Traders Are Actively Buying These Stocks Right Now
Quantum stocks stayed higher after Trump administration's denial of equity talks. Here's why
IONQ, QBTS, RGTI
Published: October 23, 2025 by: CNBC
Sentiment: Positive

The Trump administration is denying that it is "currently" in talks with quantum computing companies to take an equity stake. Shares of IonQ, Rigetti Computing, and D-Wave Quantum were all still higher despite the statement from the Commerce Department.

Read More
image for news Quantum stocks stayed higher after Trump administration's denial of equity talks. Here's why
Quantum computing stocks: IonQ, Rigetti, D-Wave, and QUBT are soaring again today. Does Trump want in?
IONQ, QBTS, QUBT, RGTI
Published: October 23, 2025 by: Fast Company
Sentiment: Positive

It's been a wild 24 hours for the stock prices of America's “big four” publicly traded quantum computing companies, which include D-Wave, IonQ, Quantum Computing Inc., and Rigetti.

Read More
image for news Quantum computing stocks: IonQ, Rigetti, D-Wave, and QUBT are soaring again today. Does Trump want in?
The Latest Trump Trade Is Here—And It's Lifting Quantum Computing Stocks
IONQ, QBTS, QUBT, RGTI
Published: October 23, 2025 by: Investopedia
Sentiment: Neutral

A new White House trade is here.

Read More
image for news The Latest Trump Trade Is Here—And It's Lifting Quantum Computing Stocks
4 Stocks Traders Are Buying Hand Over Fist Today
BITF, NOK, PLUG, QBTS
Published: October 23, 2025 by: 24/7 Wall Street
Sentiment: Neutral

Read More
image for news 4 Stocks Traders Are Buying Hand Over Fist Today
Quantum Computing Stocks Rally on Government Stake Talks
IONQ, QBTS, QUBT, RGTI
Published: October 23, 2025 by: Schaeffers Research
Sentiment: Positive

Quantum computing stocks have lost a little luster lately, as Wall Street catches up to their valuations.

Read More
image for news Quantum Computing Stocks Rally on Government Stake Talks
Quantum computing firms surge as Trump administration reportedly explore equity stakes
IONQ, QBTS, RGTI
Published: October 23, 2025 by: Proactive Investors
Sentiment: Positive

The Trump administration is in discussions with several quantum computing companies about taking equity stakes in exchange for federal funding, according to a Wall Street Journal report. Companies involved in the talks include IonQ (NYSE:IONQ), Rigetti Computing (NASDAQ:RGTI), and D-Wave Quantum (NYSE:QBTS), while others such as Quantum Computing Inc. (OTCQB:QUBT) and Atom Computing are considering similar arrangements, according to the Journal, citing anonymous sources familiar with the matter.

Read More
image for news Quantum computing firms surge as Trump administration reportedly explore equity stakes
Trump Wants in on Quantum Computing. Will RGTI, QBTS, IONQ, or QUBT Win?
AIG, AMZN, C, GM, INTC, IONQ, JPM, LAC, LMT, MP, MSFT, NVDA, QBTS, QUBT, RGTI
Published: October 23, 2025 by: 24/7 Wall Street
Sentiment: Positive

The Wall Street Journal reports the Trump administration is eyeing stakes in quantum firms.

Read More
image for news Trump Wants in on Quantum Computing. Will RGTI, QBTS, IONQ, or QUBT Win?
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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:

Read More
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.

Read More
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.

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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
image for news The Contrarian Edge: 2 Things Soaring Small Caps Have in Common

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.