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

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.

Read More
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.

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

NEW YORK, NY / ACCESS Newswire / May 9, 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 Bronstein, Gewirtz & Grossman, LLC Is Investigating D-Wave Quantum Inc. (QBTS) And Encourages Investors to Connect
2 Quantum Computing Stocks Surging on Strong Revenue
IONQ, QBTS, QUBT, RGTI
Published: May 08, 2025 by: Schaeffers Research
Sentiment: Positive

D-Wave Quantum Inc (NYSE:QBTS) and IONQ Inc (NYSE:IONQ) are surging today, after both quantum computing companies reported smaller-than-expected losses for the first quarter, as well as revenue beats.

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image for news 2 Quantum Computing Stocks Surging on Strong Revenue
D-Wave Quantum Inc. (QBTS) Q1 2025 Earnings Call Transcript
QBTS
Published: May 08, 2025 by: Seeking Alpha
Sentiment: Neutral

D-Wave Quantum Inc. (NYSE:QBTS ) Q1 2025 Earnings Conference Call May 8, 2023 8:00 AM ET Company Participants Kevin Hunt - Investor Relations Alan Baratz - Chief Executive Officer John Markovich - Chief Financial Officer Conference Call Participants Harsh Kumar - Piper Sandler Craig Ellis - B. Riley Securities Quinn Bolton - Needham & Company Suji Desilva - Roth Capital Partners Tyler Anderson - Craig-Hallum Operator Good morning, everyone and welcome to D-Wave's First Quarter Fiscal Year 2025 Earnings Conference Call.

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image for news D-Wave Quantum Inc. (QBTS) Q1 2025 Earnings Call Transcript
D-Wave Quantum Inc. Being Investigated on Behalf of D-Wave Quantum Inc. Investors. Contact Levi & Korsinsky For Details
QBTS
Published: May 08, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 8, 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.

Read More
image for news D-Wave Quantum Inc. Being Investigated on Behalf of D-Wave Quantum Inc. Investors. Contact Levi & Korsinsky For Details
D-Wave Quantum Inc. (QBTS) Reports Q1 Loss, Tops Revenue Estimates
QBTS
Published: May 08, 2025 by: Zacks Investment Research
Sentiment: Negative

D-Wave Quantum Inc. (QBTS) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.11 per share a year ago.

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image for news D-Wave Quantum Inc. (QBTS) Reports Q1 Loss, Tops Revenue Estimates
D-Wave Quantum Inc. Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details - QBTS
QBTS
Published: May 07, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 7, 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.

Read More
image for news D-Wave Quantum Inc. Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details - QBTS
Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against D-Wave Quantum Inc. (QBTS) and Encourages Investors to Learn More About the Investigation
QBTS
Published: May 07, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 7, 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 Bronstein, Gewirtz & Grossman, LLC Announces an Investigation Against D-Wave Quantum Inc. (QBTS) and Encourages Investors to Learn More About the Investigation
D-Wave Quantum Inc. (QBTS) Investors with Losses are Urged to Contact Levi & Korsinsky to Discuss Their Rights
QBTS
Published: May 07, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 7, 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.

Read More
image for news D-Wave Quantum Inc. (QBTS) Investors with Losses are Urged to Contact Levi & Korsinsky to Discuss Their Rights
QBTS Investors Have Opportunity to Join D-Wave Quantum Inc. Fraud Investigation with the Schall Law Firm
QBTS
Published: May 07, 2025 by: PRNewsWire
Sentiment: Neutral

LOS ANGELES , May 7, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of D-Wave Quantum Inc. ("D-Wave" or "the Company") (NYSE: QBTS) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

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image for news QBTS Investors Have Opportunity to Join D-Wave Quantum Inc. Fraud Investigation with the Schall Law Firm
D-Wave Quantum to Participate in Upcoming Investor Conferences
QBTS
Published: May 07, 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 that management will be participating in the following investor conferences: Needham Technology, Media, & Consumer Virtual Conference on May 9 and May 12, 2025 J.P. Morgan Global Technology, Media and Communications Conference on May 13, 2025 in Boston, MA. The presentation is scheduled at 8:50 a.m. ET J.P. Morgan Virtual Quantum Con.

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image for news D-Wave Quantum to Participate in Upcoming Investor Conferences
Investors who lost money on D-Wave Quantum Inc. should contact Levi & Korsinsky about an ongoing investigation - QBTS
QBTS
Published: May 06, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 6, 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.

Read More
image for news Investors who lost money on D-Wave Quantum Inc. should contact Levi & Korsinsky about an ongoing investigation - QBTS
D-Wave Quantum: Hidden Opportunity or Short Seller's Dream?
QBTS
Published: May 06, 2025 by: MarketBeat
Sentiment: Neutral

D-Wave Quantum Inc. NYSE: QBTS is among the most talked-about firms in a heavily hyped industry. Quantum computing companies, D-Wave plus rivals like Rigetti Computing Inc. NASDAQ: RGTI and legacy computing firm International Business Machines NYSE: IBM, could usher in a new way for humans to interact with and use technology.

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image for news D-Wave Quantum: Hidden Opportunity or Short Seller's Dream?
D-Wave Quantum Inc. (QBTS) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Shareholders to Contact the Firm to Learn More About the Investigation
QBTS
Published: May 06, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 6, 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 Shareholders to Contact the Firm to Learn More About the Investigation
2 Quantum Computing Stocks With Explosive Upside Potential
IONQ, QBTS
Published: May 06, 2025 by: The Motley Fool
Sentiment: Positive

While tech giants pour billions into quantum computing research, specialist companies dedicated exclusively to quantum technology offer investors higher-risk, higher-reward opportunities. These pure-play quantum stocks provide undiluted exposure to quantum computing's revolutionary potential.

Read More
image for news 2 Quantum Computing Stocks With Explosive Upside Potential
Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against D-Wave Quantum Inc. (QBTS) And Encourages Stockholders to Reach Out
QBTS
Published: May 05, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 5, 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 Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against D-Wave Quantum Inc. (QBTS) And Encourages Stockholders to Reach Out
QBTS ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by D-Wave Quantum Inc.
QBTS
Published: May 02, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 2, 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.

Read More
image for news QBTS ALERT: Levi & Korsinsky Reminds Investors of an Investigation Involving Possible Securities Fraud Violations by D-Wave Quantum Inc.
D-Wave Quantum Inc. (QBTS) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Stockholders to Contact the Firm to Learn More About the Investigation
QBTS
Published: May 02, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 2, 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 Stockholders to Contact the Firm to Learn More About the Investigation
Levi & Korsinsky Reminds D-Wave Quantum Inc. Investors of the Ongoing Investigation into Potential Violations of Securities Laws - QBTS
QBTS
Published: May 01, 2025 by: Accesswire
Sentiment: Neutral

NEW YORK, NY / ACCESS Newswire / May 1, 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.

Read More
image for news Levi & Korsinsky Reminds D-Wave Quantum Inc. Investors of the Ongoing Investigation into Potential Violations of Securities Laws - QBTS
Why D-Wave's Project With Davidson Is a Game-Changer For Quantum
QBTS
Published: April 30, 2025 by: MarketBeat
Sentiment: Positive

Down about 8% in the last month, quantum computing firm D-Wave Quantum Inc. NYSE: QBTS is a leader in an industry hit hard by the escalating trade war between the United States and China. While the recent slump may present an opportunity for investors to buy this quantum industry standout, there are now two schools of thought surrounding QBTS shares.

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image for news Why D-Wave's Project With Davidson Is a Game-Changer For Quantum
D-Wave Quantum Inc. Shares Drop Following Kerrisdale Capital Report; QBTS Investors Encouraged to Contact Block & Leviton to Potentially Recover Losses
QBTS
Published: April 30, 2025 by: Accesswire
Sentiment: Neutral

BOSTON, MA / ACCESS Newswire / April 30, 2025 / Block & Leviton is investigating D-Wave Quantum Inc. (NYSE:QBTS) for potential securities law violations. Investors who have lost money in their D-Wave Quantum Inc. investment should contact the firm to learn more about how they might recover those losses.

Read More
image for news D-Wave Quantum Inc. Shares Drop Following Kerrisdale Capital Report; QBTS Investors Encouraged to Contact Block & Leviton to Potentially Recover Losses
BREAKING: Block & Leviton Investigating D-Wave Quantum (QBTS) For Possible Securities Fraud; Investors Encouraged to Contact the Firm To Potentially Recover Losses
QBTS
Published: April 29, 2025 by: GlobeNewsWire
Sentiment: Neutral

Block & Leviton is investigating D-Wave Quantum Inc (NYSE: QBTS) for potential securities law violations. Investors who lost money should contact the firm.

Read More
image for news BREAKING: Block & Leviton Investigating D-Wave Quantum (QBTS) For Possible Securities Fraud; Investors Encouraged to Contact the Firm To Potentially Recover Losses
Discover Why Quantum Computing Stocks Are Soaring Today
QBTS, RGTI, TEM
Published: April 23, 2025 by: 24/7 Wall Street
Sentiment: Positive

With the stock market in rally mode, there are more pockets of strength than there have been in a while.

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image for news Discover Why Quantum Computing Stocks Are Soaring Today

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.