D-Wave Quantum Inc. (QBTS)

CA — Technology Sector
Peers: QUBT  IONQ  QMCO  DM  RGTI  SMCI  CRCT  SSYS  NNDM  VLD  STRC  RCAT 

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Key Metrics & Ratings

  • symbol QBTS
  • Rev/Share 0.0746
  • Book/Share 0.7241
  • PB 21.6967
  • Debt/Equity 0.039
  • CurrentRatio 20.7257
  • ROIC -0.2272

 

  • MktCap 4853714470.0
  • FreeCF/Share -0.1822
  • PFCF -93.024
  • PE -34.0915
  • Debt/Assets 0.0248
  • DivYield 0
  • ROE -2.2795

 

  • 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
No ratings available.

News

D-Wave Expands Global Quantum Reach in 2025 Through Strategic Deals
QBTS
Published: June 20, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS surges 87.9% in three months as global deals from South Korea to Germany fuel its quantum expansion drive.

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image for news D-Wave Expands Global Quantum Reach in 2025 Through Strategic Deals
Pure-Play Quantum in Focus: IONQ, QBTS Shine, RGTI a Wait-and-See
IONQ, QBTS, RGTI
Published: June 19, 2025 by: Zacks Investment Research
Sentiment: Positive

IonQ and D-Wave Quantum impress with tech strides and revenue jumps, as Rigetti struggles to retain investor confidence.

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image for news Pure-Play Quantum in Focus: IONQ, QBTS Shine, RGTI a Wait-and-See
Is D-Wave's Latest $400M Sales Agreement a Dilution Deal-Breaker?
QBTS
Published: June 16, 2025 by: MarketBeat
Sentiment: Positive

After nearly touching $19 per share twice, in late May and again in early June 2025, D-Wave Quantum Inc. NYSE: QBTS seems to have lost momentum heading to the midpoint of the year. Shares are down about 20% in the five days leading up to June 13.

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image for news Is D-Wave's Latest $400M Sales Agreement a Dilution Deal-Breaker?
Seeking Quantum Computing Exposure? 2 Stocks Worth a Look
QBTS, RGTI
Published: June 13, 2025 by: Zacks Investment Research
Sentiment: Positive

The quantum computing theme is certainly in play, with the trend expected to remain strong as companies continue to unlock the technology's powers.

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image for news Seeking Quantum Computing Exposure? 2 Stocks Worth a Look
QBTS Soars Over 1,300% Despite IBM and GOOGL's Quantum Milestones
QBTS
Published: June 13, 2025 by: Zacks Investment Research
Sentiment: Positive

D-Wave Quantum skyrockets as its practical quantum tech gains traction while IBM and Google aim for future milestones.

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image for news QBTS Soars Over 1,300% Despite IBM and GOOGL's Quantum Milestones
Nvidia CEO Backtracks and Suddenly Bullish on Quantum Computing Stocks
IONQ, NVDA, QBTS, QUBT, RGTI
Published: June 11, 2025 by: 24/7 Wall Street
Sentiment: Positive

Earlier this year, Nvidia CEO wasn't so bullish on quantum computing. But he quickly changed his tune.

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image for news Nvidia CEO Backtracks and Suddenly Bullish on Quantum Computing Stocks
QBTS Stock: What's Next For D-Wave After 1,350% Rally?
QBTS
Published: June 11, 2025 by: Forbes
Sentiment: Positive

D-Wave Quantum (NYSE: QBTS), a company specializing in quantum computing, has experienced a remarkable stock price increase of 1,360% over the past twelve months, indicating a rising interest in this potentially transformative technology. Unlike conventional computers that operate using binary bits (0's and 1's), quantum computers leverage “qubits,” which can exist in multiple states simultaneously.

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image for news QBTS Stock: What's Next For D-Wave After 1,350% Rally?
D-Wave Quantum Stock Skyrockets on Real-World Computing Breakthroughs
QBTS
Published: June 04, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS jumps 1281% after proving real-world quantum supremacy, with its Advantage2 system solving complex problems and gaining traction in enterprise use.

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image for news D-Wave Quantum Stock Skyrockets on Real-World Computing Breakthroughs
Why the Market's Long-Term Outlook is Bullish
AI, AMZN, CRWV, GDP, NVDA, QBTS
Published: June 02, 2025 by: Zacks Investment Research
Sentiment: Positive

The confluence of strong economic indicators, the AI revolution, and the markets resilient behavior point to a market where bulls are in control.

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image for news Why the Market's Long-Term Outlook is Bullish
D-Wave Quantum Inc. (QBTS) Is Up 53.47% in One Week: What You Should Know
QBTS
Published: May 29, 2025 by: Zacks Investment Research
Sentiment: Positive

Does D-Wave Quantum Inc. (QBTS) have what it takes to be a top stock pick for momentum investors? Let's find out.

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image for news D-Wave Quantum Inc. (QBTS) Is Up 53.47% in One Week: What You Should Know
Legendary Billionaire Israel Englander Loaded Up on Quantum Computing Stock D-Wave (QBTS)
QBTS
Published: May 28, 2025 by: 24/7 Wall Street
Sentiment: Positive

Israel Englander, the billionaire founder and CEO of Millennium Management is one of the world's most successful hedge fund managers.

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image for news Legendary Billionaire Israel Englander Loaded Up on Quantum Computing Stock D-Wave (QBTS)
How Our Expectational Analysis Nailed the Quantum Stock Surge
IONQ, QBTS, RGTI
Published: May 27, 2025 by: Schaeffers Research
Sentiment: Positive

Subscribers to Chart of the Week received this commentary on Sunday, May 25.

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image for news How Our Expectational Analysis Nailed the Quantum Stock Surge
Quantum Computing Stocks Pop As IonQ Turns Green In 2025
IONQ, QBTS
Published: May 22, 2025 by: Investors Business Daily
Sentiment: Positive

Quantum computing stocks climbed on Thursday with IonQ and D-Wave the biggest gainers. IonQ turned positive in 2025.

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image for news Quantum Computing Stocks Pop As IonQ Turns Green In 2025
Quantum Quandary: Is D-Wave a Calculated Play or Leap of Faith?
QBTS
Published: May 22, 2025 by: MarketBeat
Sentiment: Positive

D-Wave Quantum Inc. NYSE: QBTS is one of the leading pioneers blazing a path and defining the future of the commercial quantum computing sector. The company distinguishes itself by being the only one commercially building both specialized quantum annealing systems, which are delivering value today, and also developing gate-model quantum computers for broader future applications.

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image for news Quantum Quandary: Is D-Wave a Calculated Play or Leap of Faith?
D-Wave Quantum: I Expect The Rally To Fade, Caution Is Advised
QBTS
Published: May 21, 2025 by: Seeking Alpha
Sentiment: Neutral

D-Wave Quantum Inc. delivered impressive Q1 results with 508% revenue growth, but this was driven by a one-off system sale, not recurring QCaaS revenue. Despite a strong cash position from a large equity raise, significant shareholder dilution and ongoing cash burn create uncertainty about future profitability. The path to long-term success hinges on scaling the QCaaS business, expanding enterprise adoption, and fending off competition from tech giants like Google and IBM.

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image for news D-Wave Quantum: I Expect The Rally To Fade, Caution Is Advised
Bull of the Day: D-Wave Quantum (QBTS)
QBTS
Published: May 21, 2025 by: Zacks Investment Research
Sentiment: Positive

D-Wave Quantum QBTS shares soared over 25% on Tuesday after the company announced its next-generation Advantage quantum computing system. Featuring D-Wave's most advanced quantum processor to date, the Advantage2 system is commercial-grade, and built to address real-world use cases in areas such as optimization, materials simulation and artificial intelligence (AI).

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image for news Bull of the Day: D-Wave Quantum (QBTS)
D-Wave's stock is surging — but here's why projecting future revenue is tricky
QBTS
Published: May 20, 2025 by: Market Watch
Sentiment: Positive

D-Wave Quantum Inc.'s stock was climbing more than 30% on Tuesday after the company announced the availability of its next-generation quantum computing system, Advantage2. But it remains unclear when the company will be able to book substantially larger revenue.

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image for news D-Wave's stock is surging — but here's why projecting future revenue is tricky
D-Wave Stock Is Soaring on a New Quantum Computer Launch
QBTS
Published: May 20, 2025 by: Investopedia
Sentiment: Positive

D-Wave Quantum (QBTS) shares surged Tuesday after the company unveiled its newest quantum computer, which it claims is capable of solving problems beyond the capabilities of a classical GPU-based supercomputer.

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image for news D-Wave Stock Is Soaring on a New Quantum Computer Launch
Casella Waste Systems ($CWST) | D-Wave Quantum ($QBTS) | Archer ($ACHR) | Fluence Energy ($FLNC)
ACHR, CWST, FLNC, QBTS
Published: May 20, 2025 by: Green Stock News
Sentiment: Positive

Welcome to the Green Stock News brief for Tuesday May 20th. Here are today's top headlines: Casella Waste Systems (NASDAQ: CWST) has completed a major renovation of its Connecticut materials recovery facility, equipping it with advanced technology to enhance recycling efficiency and support sustainability goals.

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image for news Casella Waste Systems ($CWST) | D-Wave Quantum ($QBTS) | Archer ($ACHR) | Fluence Energy ($FLNC)
S&P 500: D-Wave Quantum Soars, Home Depot Steady While Investors Await Fed Insight
HD, IVV, QBTS, SPLG, SPXL, SPY, SSO, UPRO, VOO
Published: May 20, 2025 by: FXEmpire
Sentiment: Positive

S&P 500 futures dip after a six-day rally. Home Depot holds firm, D-Wave Quantum surges.

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image for news S&P 500: D-Wave Quantum Soars, Home Depot Steady While Investors Await Fed Insight
D-Wave stock price soars double digits as quantum computer shares rally again today. Here's why
QBTS
Published: May 20, 2025 by: Fast Company
Sentiment: Positive

Shares in major quantum computer companies were on the rise again in premarket trading on Tuesday, highlighting what has been a volatile couple of weeks for a nascent industry that continues to captivate. Here's what's driving the latest news:

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image for news D-Wave stock price soars double digits as quantum computer shares rally again today. Here's why
D-Wave Quantum Stock Soaring On 509% Revenue Pop, Higher Margins
QBTS
Published: May 19, 2025 by: Forbes
Sentiment: Positive

Since March 23, when I last wrote on Forbes, about D-Wave Quantum, the quantum computing provider's stock has popped 50%.

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image for news D-Wave Quantum Stock Soaring On 509% Revenue Pop, Higher Margins
Where Will D-Wave Quantum Stock Be in 1 Year?
QBTS
Published: May 18, 2025 by: The Motley Fool
Sentiment: Positive

Amid the wild swings on Wall Street this year, quantum computing remains one of the hottest stock market investing themes. D-Wave Quantum (QBTS 11.61%) has emerged as an industry leader, capturing strong demand for its cutting-edge technology with a growing number of commercial use cases.

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image for news Where Will D-Wave Quantum Stock Be in 1 Year?
D-Wave At A Critical Level - I'm Staying On The Sidelines
QBTS
Published: May 16, 2025 by: Seeking Alpha
Sentiment: Neutral

D-Wave delivered its best quarter since going public, driven by a major one-off system sale that accounted for 84% of the $15 million in total sales. That said, Q1 bookings dropped to $1.6M from $18.3M. I believe Q2 will be a tough quarter unless they sign a new customer in the likes of Julich. With a stock that is driven by sentiment, without new large customers (i.e., big announcements), the upside is limited and risk is high at current price levels.

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image for news D-Wave At A Critical Level - I'm Staying On The Sidelines
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against D-Wave Quantum Inc. (QBTS) And Encourages Shareholders to Reach Out
QBTS
Published: May 14, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 14, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of D-Wave Quantum Inc. ("D-Wave" or "the Company") (NYSE:QBTS). Investors who purchased D-Wave securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/QBTS.

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image for news Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against D-Wave Quantum Inc. (QBTS) And Encourages Shareholders to Reach Out
D-Wave Pushes Back on Short Seller Case With Strong Earnings
QBTS
Published: May 14, 2025 by: MarketBeat
Sentiment: Neutral

After rising by an astonishing 683% in the last year, quantum computing firm D-Wave Quantum Inc. NYSE: QBTS has left investors divided. On one hand are the bulls who feel that the company's recent technological achievements have the potential to upend computing as we know it; these investors suspect that, despite signs of being overvalued, D-Wave has ample room to continue to ascend.

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image for news D-Wave Pushes Back on Short Seller Case With Strong Earnings
Are You Looking for a Top Momentum Pick? Why D-Wave Quantum Inc. (QBTS) is a Great Choice
QBTS
Published: May 13, 2025 by: Zacks Investment Research
Sentiment: Positive

Does D-Wave Quantum Inc. (QBTS) have what it takes to be a top stock pick for momentum investors? Let's find out.

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image for news Are You Looking for a Top Momentum Pick? Why D-Wave Quantum Inc. (QBTS) is a Great Choice
QTUM: The Bullish Narrative Returns, Driven By D-Wave Quantum's Results
QBTS
Published: May 12, 2025 by: Seeking Alpha
Sentiment: Positive

Quantum Computing is emerging as an increasingly established technology, reminiscent of the early days of AI. The QTUM ETF has a 40% exposure to quantum computing while maintaining controlled, well-balanced exposure to info tech, with a majority in large and mid-caps (only 10% small caps). The results of QBTS, along with the outlook shared during the earnings call and at Qubits 2025, provide a concrete view of the growth potential in the quantum computing sector.

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image for news QTUM: The Bullish Narrative Returns, Driven By D-Wave Quantum's Results
D-Wave Quantum Inc. (QBTS) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Contact the Firm to Learn More About the Investigation
QBTS
Published: May 12, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 12, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of D-Wave Quantum Inc. ("D-Wave" or "the Company") (NYSE:QBTS). Investors who purchased D-Wave securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/QBTS.

Read More
image for news D-Wave Quantum Inc. (QBTS) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Contact the Firm to Learn More About the Investigation
QBTS STOCK ALERT: Levi & Korsinsky Notifies D-Wave Quantum Inc. Investors of an Ongoing Investigation
QBTS
Published: May 09, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 9, 2025 / Levi & Korsinsky notifies investors that it has commenced an investigation of D-Wave Quantum Inc. ("D-Wave Quantum Inc.") (NYSE:QBTS) concerning possible violations of federal securities laws. On April 29, 2025, Kerrisdale Capital released a report on D-Wave Quantum Inc. Kerrisdale alleges that D-Wave Quantum's technology is "essentially a marketing gimmick" and that the company has "no credible plan to transition to a viable gate-model quantum computer.

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image for news QBTS STOCK ALERT: Levi & Korsinsky Notifies D-Wave Quantum Inc. Investors of an Ongoing Investigation

About D-Wave Quantum Inc. (QBTS)

  • IPO Date 2020-12-11
  • Website https://www.dwavesys.com
  • Industry Computer Hardware
  • CEO Dr. Alan E. Baratz Ph.D.
  • 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.