D-Wave Quantum Inc. (QBTS)

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

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Key Metrics & Ratings

  • symbol QBTS
  • Rev/Share 0.0757
  • Book/Share 2.3582
  • PB 11.5723
  • Debt/Equity 0.0576
  • CurrentRatio 42.9874
  • ROIC -0.0952

 

  • MktCap 9240534516.0
  • FreeCF/Share -0.1805
  • PFCF -173.8904
  • PE -28.5365
  • 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

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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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:

Read More
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.

Read More
image for news Quantum Computing Stocks: Billion-Dollar Groundbreaking Opportunity or Money Sinkhole?
D-Wave Quantum Rallies on Capital Raise: More Upside Ahead for QBTS?
QBTS
Published: July 03, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS stock surges 152% in three months as system sales and a $400M capital raise fuel growth and strengthen its balance sheet.

Read More
image for news D-Wave Quantum Rallies on Capital Raise: More Upside Ahead for QBTS?
D-Wave Quantum Rallies on Capital Raise: More Upside Ahead for QBTS?
QBTS
Published: July 03, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS stock surges 152% in three months as system sales and a $400M capital raise fuel growth and strengthen its balance sheet.

Read More
image for news D-Wave Quantum Rallies on Capital Raise: More Upside Ahead for QBTS?
Rigetti vs. D-Wave: Which Quantum Computing Stock Has Better Prospects?
QBTS, RGTI
Published: July 01, 2025 by: Zacks Investment Research
Sentiment: Positive

As quantum computing evolves from theory to commercialization, two distinct visions are emerging. Rigetti Computing RGTI and D-Wave Quantum Inc. QBTS represent divergent paths toward unlocking quantum advantage.

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image for news Rigetti vs. D-Wave: Which Quantum Computing Stock Has Better Prospects?
D-Wave Quantum Stock Down 28% From Peak As Google And IBM May Prevail
QBTS
Published: June 30, 2025 by: Forbes
Sentiment: Negative

D-Wave Quantum Computing's share price is up 46% this year. But can the company's technology scale faster than what IBM and Google are promising?

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image for news D-Wave Quantum Stock Down 28% From Peak As Google And IBM May Prevail
D-Wave's Advantage2 Gains Traction: More Upside Ahead for QBTS Stock?
QBTS
Published: June 27, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS surges as D-Wave's Advantage2 system sees strong adoption across AI, defense and quantum optimization use cases.

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image for news D-Wave's Advantage2 Gains Traction: More Upside Ahead for QBTS Stock?
3 Quantum Computing Stocks on Verge of a Breakout: QBTS, IONQ, QUBT
IONQ, QBTS, QUBT
Published: June 27, 2025 by: Zacks Investment Research
Sentiment: Positive

IonQ, D-WAVE QUANTUM and Quantum Computing Inc. stocks represent some of the most compelling bleeding edge technology opportunities in the market today.

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image for news 3 Quantum Computing Stocks on Verge of a Breakout: QBTS, IONQ, QUBT
D-Wave Goes International With South Korea Partnership
QBTS
Published: June 23, 2025 by: MarketBeat
Sentiment: Neutral

One of the key criticisms among investors reluctant to buy into the tremendous hype surrounding quantum computing firm D-Wave Quantum Inc. NYSE: QBTS is the relatively limited nature of its marketability for the time being. The company famously relies on a small number of customers and major deals for its quantum computing systems to generate revenue, which has so far remained low relative to the firm's valuation.

Read More
image for news D-Wave Goes International With South Korea Partnership
Will Quantum Computing Stocks Soar in the Second Half?
QBTS
Published: June 22, 2025 by: The Motley Fool
Sentiment: Positive

Quantum computing stocks skyrocketed in 2024, with names such as Quantum Computing and Rigetti Computing surging by more than 1,000%. Investors were eager to get in on what could become the next game-changing technology, and revenue growth as well as scientific progress from some of these quantum specialists boosted optimism.

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image for news Will Quantum Computing Stocks Soar in the Second Half?
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.

Read More
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?

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.