D-Wave Quantum Inc. (QBTS)

CA — Technology Sector
Peers: RGTI  IONQ  PCOR  QXO  SAIL  GTM  DAY  JKHY  SWKS  MTSI 

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Key Metrics & Ratings

  • symbol QBTS
  • Rev/Share 0.0706
  • Book/Share 1.9595
  • PB 14.6975
  • Debt/Equity 0.0115
  • CurrentRatio 54.6763
  • ROIC -0.1007

 

  • MktCap 9985507200.0
  • FreeCF/Share -0.16
  • PFCF -182.3537
  • PE -24.7121
  • Debt/Assets 0.0089
  • DivYield 0
  • ROE -0.9758

 

  • 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 Wedbush -- Outperform -- $35 Dec. 17, 2025
Initiation QBTS Mizuho -- Outperform -- $46 Dec. 11, 2025
Initiation QBTS Evercore ISI -- Outperform -- $44 Dec. 3, 2025
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

Why Some Quantum Computing Stocks Soared Last Month (While Others Slumped)
QBTS
Published: April 02, 2025 by: The Motley Fool
Sentiment: Positive

Stocks in the quantum computing industry went all over the place in March. According to data from S&P Global Market Intelligence, D-Wave Quantum (QBTS 2.16%) rose 38.7%, and Quantum Computing (QUBT 5.28%) gained 31.9%.

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image for news Why Some Quantum Computing Stocks Soared Last Month (While Others Slumped)
Wall Street Analysts Think D-WAVE QUANTUM (QBTS) Could Surge 26.39%: Read This Before Placing a Bet
QBTS
Published: March 31, 2025 by: Zacks Investment Research
Sentiment: Positive

The consensus price target hints at a 26.4% upside potential for D-WAVE QUANTUM (QBTS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

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image for news Wall Street Analysts Think D-WAVE QUANTUM (QBTS) Could Surge 26.39%: Read This Before Placing a Bet
Quantum Computing D-Wave News - FAANG Data Science 2025 Interview Prep Course Questions MCQ Answers And Mock Interviews Updated
QBTS
Published: March 28, 2025 by: GlobeNewsWire
Sentiment: Neutral

Santa Clara, March 28, 2025 (GLOBE NEWSWIRE) -- Santa Clara, California - As quantum computing reaches new milestones with D-Wave's recent claim of "quantum supremacy" in magnetic materials simulation, Interview Kickstart announces the launch of its comprehensive Data Science Interview Masterclass, designed to prepare technical professionals for the rapidly evolving computational landscape. To learn more about the course, visit: https://interviewkickstart.com/courses/data-science-course Last week, D-Wave published research in the scientific journal Science demonstrating quantum computing capabilities that reportedly completed complex magnetic materials simulations in under 20 minutes—tasks that would require nearly a million years on traditional supercomputers.

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image for news Quantum Computing D-Wave News - FAANG Data Science 2025 Interview Prep Course Questions MCQ Answers And Mock Interviews Updated
D-Wave Quantum: Potential Applications In Crypto Mining; Initiating With 'Buy'
QBTS
Published: March 25, 2025 by: Seeking Alpha
Sentiment: Positive

I am initiating a 'Buy' rating on D-Wave Quantum with a fair value of $11 per share due to its superior technology and potential in crypto mining. D-Wave's quantum computing technology could significantly reduce energy costs in cryptocurrency mining, accelerating the commercialization of quantum computers. The company's annealing and gate-model quantum computers provide unique advantages, with strong commercial applications and growing customer interest.

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image for news D-Wave Quantum: Potential Applications In Crypto Mining; Initiating With 'Buy'
D-Wave: Too Complex, Too Uncertain, Just Avoid
QBTS
Published: March 25, 2025 by: Seeking Alpha
Sentiment: Neutral

D-Wave Quantum's recent breakthrough in annealing quantum computing led to a 27% stock price jump, but I recommend selling due to high risks and uncertain profitability. The company's valuation is extremely high, with a price-to-sales ratio of 182, not suitable for investment. Technological breakthroughs, research funding, and industry growth are potential risks to my bearish thesis, but I assign a low probability to D-Wave's success.

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image for news D-Wave: Too Complex, Too Uncertain, Just Avoid
D-Wave Stock: Is Quantum Blockchain the Next Big Catalyst?
QBTS
Published: March 24, 2025 by: MarketBeat
Sentiment: Positive

March has been a big month of research developments for D-Wave Quantum Inc. NYSE: QBTS. First, the company announced what it claims is the first-ever successful feat of quantum supremacy: D-Wave's Advantage2 prototype annealing quantum computer solved a magnetic materials problem many orders of magnitude faster than a leading supercomputer.

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image for news D-Wave Stock: Is Quantum Blockchain the Next Big Catalyst?
Why startups and tech giants are racing to build a practical quantum computer
AMZN, GOOGL, IBM, INTC, IONQ, MSFT, NVDA, QBTS, QUBT, RGTI
Published: March 21, 2025 by: CNBC
Sentiment: Positive

Amazon, IBM, Google, Intel and Microsoft are all working on quantum technology. Governments around the world have also invested over $55 billion in the tech.

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image for news Why startups and tech giants are racing to build a practical quantum computer
D-Wave Introduces Quantum Blockchain Architecture, Featuring Enhanced Security and Efficiency over Classical Computing
QBTS
Published: March 20, 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, today announced that it has published a new research paper introducing a novel blockchain architecture that uses techniques from its quantum supremacy demonstration. By adding quantum to traditional blockchain computation, the new architecture could enhance blockchain security and efficiency. As part of this research, D-Wave scientists.

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image for news D-Wave Introduces Quantum Blockchain Architecture, Featuring Enhanced Security and Efficiency over Classical Computing
Quantum Computing Stocks Fall Ahead Of Nvidia Event
IONQ, QBTS, RGTI
Published: March 19, 2025 by: Investors Business Daily
Sentiment: Negative

Key quantum computing stocks fell Wednesday ahead of Nvidia's much-anticipated Quantum Day to be led by CEO Jensen Huang. The post Quantum Computing Stocks Fall Ahead Of Nvidia Event appeared first on Investor's Business Daily.

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image for news Quantum Computing Stocks Fall Ahead Of Nvidia Event
D-WAVE QUANTUM (QBTS) Upgraded to Buy: Here's What You Should Know
QBTS
Published: March 19, 2025 by: Zacks Investment Research
Sentiment: Positive

D-WAVE QUANTUM (QBTS) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

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image for news D-WAVE QUANTUM (QBTS) Upgraded to Buy: Here's What You Should Know
D-Wave and Quantum Supremacy: Implications For Investors
QBTS
Published: March 19, 2025 by: MarketBeat
Sentiment: Positive

D-Wave Quantum Inc. NYSE: QBTS is one of the leaders among a pool of smaller quantum computing companies competing against legacy tech giants like Microsoft Corp. NASDAQ: MSFT and Alphabet Inc. NASDAQ: GOOG. The quantum computing industry seeks to utilize quantum mechanics to develop computers capable of outperforming even the best supercomputers by many orders of magnitude.

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image for news D-Wave and Quantum Supremacy: Implications For Investors
D-WAVE QUANTUM Stock Rises 62% Post Q4 Results: To Buy or Not to Buy?
QBTS
Published: March 18, 2025 by: Zacks Investment Research
Sentiment: Positive

QBTS stock benefits from an expanding clientele and its growing influence in the quantum computing space despite stiff competition.

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image for news D-WAVE QUANTUM Stock Rises 62% Post Q4 Results: To Buy or Not to Buy?
D-Wave: Returns Could Be Quantum At This Valuation
QBTS
Published: March 18, 2025 by: Seeking Alpha
Sentiment: Negative

Despite D-Wave Quantum Inc.'s strong bookings growth and improving margins, its 220 P/S ratio and reliance on aggressive growth assumptions make the stock overextended, warranting a Hold until a price reset. The market's enthusiasm for quantum computing's potential has driven the stock up 95%, but the company's limited revenue and high valuation suggest short-term downside risk before the next leg up. While D-Wave's unique quantum advancements and financial stability are promising, its speculative nature and operational risks require careful timing—I'll re-rate QBTS stock to Buy after a correction.

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image for news D-Wave: Returns Could Be Quantum At This Valuation
3 Quantum Computing Stocks to Watch
IONQ, QBTS, RGTI
Published: March 17, 2025 by: Schaeffers Research
Sentiment: Positive

Quantum computing stocks soared on Friday as traders targeted tech stocks amid the broader market rebound.

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image for news 3 Quantum Computing Stocks to Watch
Quantum Computing Stocks Jump Ahead Of Nvidia GTC Conference Next Week
QBTS
Published: March 14, 2025 by: Investors Business Daily
Sentiment: Positive

Quantum computing stocks led by D-Wave popped on Friday ahead of chipmaker Nvidia's GTC conference next week. The post Quantum Computing Stocks Jump Ahead Of Nvidia GTC Conference Next Week appeared first on Investor's Business Daily.

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image for news Quantum Computing Stocks Jump Ahead Of Nvidia GTC Conference Next Week
Quantum computing company shares jump after D-Wave's upbeat forecast
QBTS, QUBT
Published: March 13, 2025 by: Reuters
Sentiment: Positive

Shares of some quantum computing companies rallied on Thursday, adding to gains from the previous session and bucking the broader market's trend after D-Wave Quantum forecast stronger-than-expected quarterly revenue.

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image for news Quantum computing company shares jump after D-Wave's upbeat forecast
D-Wave Quantum (QBTS) Q4 2024 Earnings Call Transcript
QBTS
Published: March 13, 2025 by: Seeking Alpha
Sentiment: Neutral

D-Wave Quantum Inc. (NYSE:QBTS ) Q4 2024 Earnings Conference Call March 13, 2025 8:00 AM ET Company Participants Alan Baratz - Chief Executive Officer John Markovich - Chief Financial Officer Kevin Hunt - Investor Relations Conference Call Participants Mayur - B. Riley Securities Richard Shannon - Craig Hallum Quinn Bolton - Needham & Co. Suji Desilva - Roth Capital David Williams - Benchmark Harsh Kumar - Piper Sandler Operator Good morning everyone and welcome to D-Wave's fourth quarter and fiscal year 2024 earnings conference call.

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image for news D-Wave Quantum (QBTS) Q4 2024 Earnings Call Transcript
D-Wave Quantum Inc. (QBTS) Reports Q4 Loss, Tops Revenue Estimates
QBTS
Published: March 13, 2025 by: Zacks Investment Research
Sentiment: Negative

D-Wave Quantum Inc. (QBTS) came out with a quarterly loss of $0.37 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.10 per share a year ago.

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image for news D-Wave Quantum Inc. (QBTS) Reports Q4 Loss, Tops Revenue Estimates
SkyWater's Commercially Fabricated Qubits Power D-Wave's Landmark Achievement in Quantum Supremacy
QBTS, SKYT
Published: March 12, 2025 by: Business Wire
Sentiment: Neutral

BLOOMINGTON, Minn. & PALO ALTO, Calif.--(BUSINESS WIRE)--SkyWater Technology, Inc. (NASDAQ: SKYT, or “SkyWater”), a U.S.-based Trusted technology realization partner, and D-Wave Quantum, Inc. (NYSE: QBTS, or “D-Wave”), a leader in quantum computing systems, software and services, today announced that D-Wave's Advantage2™ annealing quantum computer prototype, fabricated by SkyWater, was used to achieve computational supremacy in quantum simulation. The landmark research was published today by th.

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image for news SkyWater's Commercially Fabricated Qubits Power D-Wave's Landmark Achievement in Quantum Supremacy
D-Wave Claims It Achieves ‘Quantum Supremacy.' What the Breakthrough Means for Quantum Computing.
QBTS
Published: March 12, 2025 by: Barrons
Sentiment: Positive

D-Wave Quantum says the development has practical applications in objects people use everyday.

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image for news D-Wave Claims It Achieves ‘Quantum Supremacy.' What the Breakthrough Means for Quantum Computing.
Beyond Classical: D-Wave First to Demonstrate Quantum Supremacy on Useful, Real-World Problem
QBTS
Published: March 12, 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, today announced a scientific breakthrough published in the esteemed journal Science, confirming that its annealing quantum computer outperformed one of the world's most powerful classical supercomputers in solving complex magnetic materials simulation problems with relevance.

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image for news Beyond Classical: D-Wave First to Demonstrate Quantum Supremacy on Useful, Real-World Problem
QBTS Stock Set to Report Q4 Earnings: A Smart Buy or Risky Investment?
QBTS
Published: March 11, 2025 by: Zacks Investment Research
Sentiment: Neutral

D-Wave Quantum's fourth-quarter 2024 performance is likely to have reflected strength in its quantum computing solutions and strong demand among commercial customers.

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image for news QBTS Stock Set to Report Q4 Earnings: A Smart Buy or Risky Investment?
Will D-Wave Quantum Inc. (QBTS) Report Negative Earnings Next Week? What You Should Know
QBTS
Published: March 06, 2025 by: Zacks Investment Research
Sentiment: Negative

D-WAVE QUANTUM (QBTS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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image for news Will D-Wave Quantum Inc. (QBTS) Report Negative Earnings Next Week? What You Should Know
7 Quantum Computing Stocks That Could Supercharge Your Portfolio
GOOG, GOOGL, IBM, IONQ, MSFT, NVDA, QBTS, RGTI
Published: February 25, 2025 by: The Motley Fool
Sentiment: Positive

Imagine computers so powerful they can solve problems in seconds that would take today's fastest supercomputers thousands of years to crack. This is the promise of quantum computing, a revolutionary technology that harnesses the strange properties of subatomic particles to process information in entirely new ways.

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image for news 7 Quantum Computing Stocks That Could Supercharge Your Portfolio
Quantum computing stocks are surging again after Microsoft unveiled its Majorana 1 quantum chip
IONQ, MSFT, QBTS, QUBT, RGTI
Published: February 20, 2025 by: Fast Company
Sentiment: Positive

The stock prices of quantum computing companies are surging in premarket trading this morning after Microsoft unveiled a new type of quantum computing chip yesterday, the Majorana 1. Here's what you need to know about Microsoft's breakthrough and its impact on the stock prices of quantum computing companies.

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image for news Quantum computing stocks are surging again after Microsoft unveiled its Majorana 1 quantum chip
Why D-Wave Quantum Stock Is Skyrocketing Today
QBTS
Published: February 19, 2025 by: The Motley Fool
Sentiment: Positive

D-Wave Quantum (QBTS 15.23%) stock is surging higher Wednesday. The company's share price was up 13.6% as of 2:30 p.m.

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image for news Why D-Wave Quantum Stock Is Skyrocketing Today
D-Wave Quantum Announces Another Sale. It's a Milestone in Quantum Computing.
QBTS
Published: February 13, 2025 by: Barrons
Sentiment: Positive

The D-Wave Advantage system found a new home at a German research institute, D-Wave said.

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image for news D-Wave Quantum Announces Another Sale. It's a Milestone in Quantum Computing.
Are Quantum Computing Stocks RGTI, IONQ and QBTS Still Worth Buying in 2025?
IONQ, QBTS, RGTI
Published: February 12, 2025 by: 24/7 Wall Street
Sentiment: Positive

Quantum computing stocks were some of the biggest stories in 2024.

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image for news Are Quantum Computing Stocks RGTI, IONQ and QBTS Still Worth Buying in 2025?
D-Wave Quantum Is Poised to Dominate the Quantum Computing Sector. Just Ask Its CEO.
QBTS
Published: February 11, 2025 by: Barrons
Sentiment: Positive

D-Wave's Alan Baratz says the company will be the first quantum pure-play to achieve profitability.

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image for news D-Wave Quantum Is Poised to Dominate the Quantum Computing Sector. Just Ask Its CEO.
Should You Buy, Sell or Hold QBTS Stock at Its P/S of 90.31X?
QBTS
Published: February 10, 2025 by: Zacks Investment Research
Sentiment: Positive

D-WAVE QUANTUM stock benefits from an expanding clientele and its growing influence in the quantum computing space.

Read More
image for news Should You Buy, Sell or Hold QBTS Stock at Its P/S of 90.31X?

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.