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 6.3862
  • Debt/Equity 0.0576
  • CurrentRatio 42.9874
  • ROIC -0.0952

 

  • MktCap 5099391300.0
  • FreeCF/Share -0.1805
  • PFCF -95.9614
  • PE -15.7479
  • 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

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
QBTS Secures $819M Cash War Chest for Future R&D: Upside Ahead?
QBTS
Published: August 19, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS builds a record $819M cash pile to fuel R&D, expand globally and pursue acquisitions, with analysts eyeing near-term upside.

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image for news QBTS Secures $819M Cash War Chest for Future R&D: Upside Ahead?
Quantum Stocks Q2 2025: Are D-Wave, IonQ & Rigetti Funding the Future?
IONQ, QBTS, RGTI
Published: August 15, 2025 by: Zacks Investment Research
Sentiment: Positive

D-Wave, IonQ and Rigetti post strong Q2 sales, incur steeper losses and have billion-dollar cash reserves to drive quantum breakthroughs.

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image for news Quantum Stocks Q2 2025: Are D-Wave, IonQ & Rigetti Funding the Future?
D-Wave Quantum CEO Alan Baratz goes one-on-one with Jim Cramer
QBTS
Published: August 13, 2025 by: CNBC Television
Sentiment: Neutral

D-Wave Quantum CEO Alan Baratz joins 'Mad Money' host Jim Cramer to talk quarterly results, the quantum computing space, its path to profitability and more.

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image for news D-Wave Quantum CEO Alan Baratz goes one-on-one with Jim Cramer
If You Think Quantum Computing Is Just Heating Up, Buy These 3 Stocks Before It's Too Late
IONQ, QBTS, QUBT
Published: August 13, 2025 by: 24/7 Wall Street
Sentiment: Positive

Quantum computing is more than just a trend investors are following right now. There are companies doing some pretty amazing things in the world of advanced computing.

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image for news If You Think Quantum Computing Is Just Heating Up, Buy These 3 Stocks Before It's Too Late
Post-Earnings, How Does D-Wave Stack Up Against Quantum Rivals?
QBTS
Published: August 11, 2025 by: MarketBeat
Sentiment: Neutral

Rising quantum computing star D-Wave Quantum Inc. NYSE: QBTS posted mixed earnings results in early August 2025, as revenue growth surpassed analyst predictions but losses came in wider than expected.

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image for news Post-Earnings, How Does D-Wave Stack Up Against Quantum Rivals?
D-Wave Quantum's Multi-Front Growth: Target Price Sees 17% Upside
QBTS
Published: August 11, 2025 by: Zacks Investment Research
Sentiment: Positive

D-Wave Quantum's PyTorch-integrated Quantum AI Toolkit, scaling push and NASA project fuel a 17% target price upside.

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image for news D-Wave Quantum's Multi-Front Growth: Target Price Sees 17% Upside
2 Government Initiatives That Could Propel Quantum Computing Stocks Like D-Wave Quantum, Rigetti Computing, and IonQ Higher
IONQ, QBTS, RGTI
Published: August 10, 2025 by: The Motley Fool
Sentiment: Positive

Other than artificial intelligence (AI), few sectors have seen a more meteoric rise over the past year than quantum computing. Quantum computers are expected to be a significant advancement from the traditional computer, with much more complex technology.

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image for news 2 Government Initiatives That Could Propel Quantum Computing Stocks Like D-Wave Quantum, Rigetti Computing, and IonQ Higher
D-Wave Quantum Inc. (QBTS) Q2 2025 Earnings Call Transcript
QBTS
Published: August 07, 2025 by: Seeking Alpha
Sentiment: Neutral

D-Wave Quantum Inc. (NYSE:QBTS ) Q2 2025 Earnings Call August 7, 2025 8:00 AM ET Company Participants Alan E. Baratz - President, CEO & Director John M.

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image for news D-Wave Quantum Inc. (QBTS) Q2 2025 Earnings Call Transcript
QBTS Q2 Earnings Miss Estimates, Shares Fall Pre-Market
QBTS
Published: August 07, 2025 by: Zacks Investment Research
Sentiment: Negative

QBTS posts a wider-than-expected Q2 loss despite 42% revenue growth. Shares fall nearly 6% in pre-market trading.

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image for news QBTS Q2 Earnings Miss Estimates, Shares Fall Pre-Market
D-Wave Quantum Inc. (QBTS) Reports Q2 Loss, Beats Revenue Estimates
QBTS
Published: August 07, 2025 by: Zacks Investment Research
Sentiment: Neutral

D-Wave Quantum Inc. (QBTS) came out with a quarterly loss of $0.55 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to a loss of $0.1 per share a year ago.

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image for news D-Wave Quantum Inc. (QBTS) Reports Q2 Loss, Beats Revenue Estimates
QBTS Stock Gains on Tangible AI Use Cases: More Upside Ahead?
QBTS
Published: August 06, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS climbs 6.5% as quantum AI use cases show real-world gains and hardware advances support its 100,000-qubit vision.

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image for news QBTS Stock Gains on Tangible AI Use Cases: More Upside Ahead?
D-Wave Quantum: Buy QBTS Stock Ahead of Its Upcoming Earnings?
QBTS
Published: August 06, 2025 by: Forbes
Sentiment: Positive

D-Wave Quantum (NYSE:QBTS) is scheduled to report its latest earnings on Thursday, August 7, 2025. Historically, the stock has reacted positively to its earnings reports, with a one-day price increase in 67% of instances following the announcement.

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image for news D-Wave Quantum: Buy QBTS Stock Ahead of Its Upcoming Earnings?
D-Wave Gains Another Bull. Why This Analyst Sees ‘Longer-Term Potential' in Quantum.
QBTS
Published: August 05, 2025 by: Barrons
Sentiment: Positive

In a note Monday, Stifel analyst Ruben Roy initiated coverage on D-Wave with a Buy rating and $26 target price.

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image for news D-Wave Gains Another Bull. Why This Analyst Sees ‘Longer-Term Potential' in Quantum.
Li Auto ($LI) | D-Wave Quantum ($QBTS) | Ameresco ($AMRC) | Clean Energy Fuels ($CLNE)
AMRC, CLNE, LI, QBTS
Published: July 30, 2025 by: Green Stock News
Sentiment: Positive

Welcome to the Green Stock News brief for Wednesday July 30th. Here are today's top headlines: Li Auto (NASDAQ: LI) has officially launched the Li i8, a six-seat battery electric SUV that blends off-road capability, sedan-like handling, and MPV-level comfort to redefine family mobility.

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image for news Li Auto ($LI) | D-Wave Quantum ($QBTS) | Ameresco ($AMRC) | Clean Energy Fuels ($CLNE)
D-Wave Quantum Announces Strategic Development Initiative for Advanced Cryogenic Packaging
QBTS
Published: July 30, 2025 by: Business Wire
Sentiment: Neutral

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced a new strategic development initiative focused on advanced cryogenic packaging. Designed to advance and scale both gate model and annealing quantum processor development, the initiative builds on D-Wave's technology leadership in superconducting cryogenic packaging and will expand the company's multichip packaging capabilities, equipment.

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image for news D-Wave Quantum Announces Strategic Development Initiative for Advanced Cryogenic Packaging
Quantum Gold Rush: The Catalysts Driving Quantum Stocks Higher
QBTS, QUBT, RGTI
Published: July 25, 2025 by: MarketBeat
Sentiment: Positive

Stocks across the quantum computing sector have posted strong gains since the start of a summer-long rally, driven by a powerful series of technical and commercial achievements. This progress suggests the quantum computing industry is reaching an inflection point, moving from the research lab toward a commercial reality.

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image for news Quantum Gold Rush: The Catalysts Driving Quantum Stocks Higher
D-Wave or IonQ: Which Quantum Stock Has More Upside in 2025?
IONQ, QBTS
Published: July 24, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS surges 141.6% YTD as Advantage2 gains traction, outpacing IONQ's modest rise and signaling stronger upside for 2025.

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image for news D-Wave or IonQ: Which Quantum Stock Has More Upside in 2025?
Can QBTS Hit $25 a Share?
QBTS
Published: July 23, 2025 by: 24/7 Wall Street
Sentiment: Positive

B. Riley's just raised its QBTS price target to $22 a share, with a buy rating.

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image for news Can QBTS Hit $25 a Share?
Quantum Stocks Slide: Is the Hype-Fueled Rally Over?
IONQ, QBTS, QUBT, RGTI
Published: July 22, 2025 by: 24/7 Wall Street
Sentiment: Neutral

Key Points in This Article: Quantum computing's leading players are broadly falling today after massive gains over the past year.

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image for news Quantum Stocks Slide: Is the Hype-Fueled Rally Over?
D-Wave Stock Sets Intraday High After Quantum Computing Gets Fresh Vote of Confidence
QBTS, QUBT
Published: July 21, 2025 by: Barrons
Sentiment: Positive

A survey of business leaders serves as a reminder of quantum computing's growing influence worldwide.

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image for news D-Wave Stock Sets Intraday High After Quantum Computing Gets Fresh Vote of Confidence
New Study: More Than One-Quarter of Surveyed Business Leaders Expect Quantum Optimization to Deliver $5M or Higher ROI Within First Year of Adoption
QBTS
Published: July 21, 2025 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, announced the results of a new study today that highlights the potential for quantum optimization to create value across industries. According to the study, 46% of surveyed business leaders whose company has implemented quantum optimization or plans to do so within the next.

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image for news New Study: More Than One-Quarter of Surveyed Business Leaders Expect Quantum Optimization to Deliver $5M or Higher ROI Within First Year of Adoption
Jim Cramer Fuels D-Wave: What Awaits QBTS After 31% Rally in July?
QBTS
Published: July 18, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS stock surges 31% in July as Jim Cramer's Mad Money spotlight and soaring revenues boost investor momentum.

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image for news Jim Cramer Fuels D-Wave: What Awaits QBTS After 31% Rally in July?
QBTS Breaks Out: QUBT and IONQ Stocks to Follow?
IONQ, QBTS, QUBT
Published: July 17, 2025 by: Zacks Investment Research
Sentiment: Positive

Quantum computing remains one of the hottest and most speculative corners of the market, delivering eye-popping returns over the past year, and even greater upside potential as the technology moves closer to real-world applications. While the technology is still in its early stages, recent advancements have sparked an accelerating interest in the sector, with capital flowing into the handful of public companies operating at the frontier.

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image for news QBTS Breaks Out: QUBT and IONQ Stocks to Follow?
Ahead of Q2 Earnings & Amid IBM, Google's Quantum Push, Is QBTS a Buy?
QBTS
Published: July 16, 2025 by: Zacks Investment Research
Sentiment: Positive

D-Wave surges 151.6% in 3 months as investors eye its Q2 earnings, quantum supremacy claim and Advantage2 launch.

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image for news Ahead of Q2 Earnings & Amid IBM, Google's Quantum Push, Is QBTS a Buy?
D-Wave Quantum: Can QBTS Stock Deliver Another 1,000% Gain?
QBTS
Published: July 16, 2025 by: Forbes
Sentiment: Positive

D-Wave Quantum stock (NYSE: QBTS) has witnessed immense growth, skyrocketing over 1,000% in the past twelve months due to increasing enthusiasm for quantum computing. Several factors influenced this remarkable performance:

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image for news D-Wave Quantum: Can QBTS Stock Deliver Another 1,000% Gain?
D-Wave Slips as IBM and Google Threaten Its Quantum Edge: What Now?
QBTS
Published: July 10, 2025 by: Zacks Investment Research
Sentiment: Negative

QBTS slips as IBM and Google ramp up gate-based quantum tech, raising doubts about D-Wave's long-term scalability.

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image for news D-Wave Slips as IBM and Google Threaten Its Quantum Edge: What Now?
D-Wave Is Rising Again Despite Dilution—What's the Deal?
QBTS
Published: July 07, 2025 by: MarketBeat
Sentiment: Positive

As quantum computing leader D-Wave Quantum Inc. NYSE: QBTS announced the completion of its $400-million at-the-market equity offering, the company's share price spiked by more than 19% in under a week.

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image for news D-Wave Is Rising Again Despite Dilution—What's the Deal?
QBTS: With Its Quantum Leap Priced In, Jump In On A Dip
QBTS
Published: July 03, 2025 by: Seeking Alpha
Sentiment: Positive

D-Wave Quantum Inc. is a pre-profit, early-stage quantum computing company that specializes in quantum annealing systems. My DCF valuation points to D-Wave trading at a premium, but for good reason. Although this report recommends to Hold, any breakthroughs in quantum computing could be a positive catalyst for this stock.

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image for news QBTS: With Its Quantum Leap Priced In, Jump In On A Dip
Quantum Computing Stocks: Billion-Dollar Groundbreaking Opportunity or Money Sinkhole?
IONQ, QBTS, QUBT, RGTI
Published: July 03, 2025 by: 24/7 Wall Street
Sentiment: Neutral

Key Points in This Article: Quantum computing's potential to revolutionize industries like drug discovery and AI drives significant interest, with projections of a massive market by 2040.

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image for news Quantum Computing Stocks: Billion-Dollar Groundbreaking Opportunity or Money Sinkhole?

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.