D-Wave Quantum Inc. (QBTS)
| Market Cap | 11.15B +244.4% |
| Revenue (ttm) | 12.44M -41.8% |
| Net Income | -368.00M |
| EPS | -1.08 |
| Shares Out | 369.91M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 36,373,967 |
| Open | 28.80 |
| Previous Close | 29.49 |
| Day's Range | 27.42 - 30.16 |
| 52-Week Range | 12.75 - 46.75 |
| Beta | 1.94 |
| Analysts | Strong Buy |
| Price Target | 35.17 (+16.69%) |
| Earnings Date | May 12, 2026 |
About QBTS
D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company’s server. The company al... [Read more]
Financial Performance
In 2025, D-Wave Quantum's revenue was $24.59 million, an increase of 178.54% compared to the previous year's $8.83 million. Losses were -$355.06 million, 146.8% more than in 2024.
Financial StatementsAnalyst Summary
According to 15 analysts, the average rating for QBTS stock is "Strong Buy." The 12-month stock price target is $35.17, which is an increase of 16.69% from the latest price.
News
Quantum Leap: Quantum stocks soar after government takes stake in nine companies
Welcome to the latest edition of “Quantum Leap” where The Fly decodes news and activity in the quantum computing space. CLAIM REBUTTAL: D-Wave Quantum (QBTS) issued a response to recent…
Quantum Computing's Commercial Breakout Has Arrived
While the U.S. government's recent $2 billion capital injection via the CHIPS and Science Act provides a significant operational runway, the more profound structural shift is happening at the commerci...
Why Xanadu Quantum (XNDU) Surged 17% after Its S-8 Filing While RGTI, QBTS, IONQ, and HQ Fell
Xanadu Quantum Technologies Limited ($XNDU) jumped 17.5% yesterday, breaking away from a weak day for quantum computing stocks. Rigetti Computing Inc. ($RGTI), D-Wave Quantum Inc. ($QBTS), IonQ Inc. (...
D-Wave Stock Falls as Laptop Study Challenges QBTS Quantum Supremacy Claim
D-Wave Quantum Inc. ($QBTS), a quantum computing company that offers both annealing and gate-model quantum systems, is under the spotlight after new research challenged one of its biggest claims: that...
D-Wave says claim simulation work ‘overturned’ is inaccurate
D-Wave Quantum (QBTS) issued a response to recent claims that newly published classical simulation work has “overturned” D-Wave’s demonstration of quantum computational supremacy in quantum simulation...
D-Wave's Quantum Supremacy Result Stands
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, sof...
D-Wave Quantum falls -9.5%
D-Wave Quantum (QBTS) is down -9.5%, or -$2.79 to $26.61.
D-Wave Quantum falls -9.7%
D-Wave Quantum (QBTS) is down -9.7%, or -$2.85 to $26.55.
Quantum Stocks Just Got a Lifeline—Who Benefits Most?
May 2026 has been a rollercoaster month for companies in the quantum computing industry, as leaders like D-Wave Quantum Inc. NYSE: QBTS, IonQ Inc. NYSE: IONQ, and Rigetti Computing NASDAQ: RGTI fell f...
D-Wave Stock Climbs as U.S.-Backed Quantum Funding Boosts QBTS Hardware Push
D-Wave Quantum Inc. (NYSE:QBTS), a quantum computing company that offers both annealing and gate-model quantum systems, has secured second-year funding for a U.S.-backed project to improve superconduc...
D-Wave Quantum awarded second year funding for SQFab project
D-Wave Quantum (QBTS) has been awarded second year funding for the Improved Materials for Superconducting Qubits with Scalable Fabrication project by the Northeast Regional Defense Technology Hub. Awa...
D-Wave Stock Climbs as U.S.-Backed Quantum Funding Boosts QBTS Hardware Push
D-Wave Quantum Inc. ($QBTS), a quantum computing company that offers both annealing and gate-model quantum systems, has secured second-year funding for a U.S.-backed project to improve superconducting...
D-Wave Awarded Year 2 Microelectronics Commons Project Funding to Advance Superconducting Quantum Innovation
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services, today ann...
D-Wave Quantum Insider Sales Surface after QBTS Stock Soars on Quantum Funding Buzz
D-Wave Quantum Inc. ($QBTS), a pure-play quantum computing company known for quantum annealing systems and its work on gate-model superconducting technology, is seeing fresh insider selling activity a...
D-Wave Stock Soars as QBTS Lines Up $100 Million U.S. CHIPS Deal
D-Wave Quantum Inc. ($QBTS), a quantum tech firm that builds quantum systems, software, and tools for real-world use, said it has signed a letter of intent for $100 million in…
Quantum Computing Is Getting a $2 Billion Boost. Banks See a Growing Cyber Threat.
As enthusiasm abounds for quantum computing, Moody's cautions that the rise of ultra-powerful systems could upend the financial sector.
D-Wave CEO: U.S. investment accelerates our ability to scale quantum innovation
CNBC's Kelly Evans talks with D-Wave Quantum CEO Alan Baratz about the expected $100 million U.S. investment in the company to advance quantum computing and more.
The Trump Administration Plans to Take Stakes in These Quantum Computing Firms. Their Stocks Are Soaring.
The federal government is moving to expand its investment portfolio with stakes in a number of quantum computing firms, sending their shares higher Thursday.
Quantum computing stocks soar as Trump uses Biden-era legislation to award $2 billion in grants
It's a good day to be an American quantum computing company—well, as long as you're willing to give up some equity.
IBM, QBTS, other quantum stocks surge after report of $2B Trump funding push
Quantum-computing stocks surged in premarket trading on Thursday after a Wall Street Journal report said the Trump administration plans to award roughly $2 billion in grants to nine quantum technology...
U.S. to Award Quantum-Computing Firms $2 Billion and Take Equity Stakes
The Trump administration hopes to spur “a new era of American innovation,” Commerce Secretary Howard Lutnick says.
Quantum stocks soar as Trump administration is reportedly buying in
Quantum-computing companies' stocks jump after a WSJ report that the Trump administration is taking minority stakes in nine companies.
IBM and Quantum Stocks Jump on Trump Administration Funding Pact. What We Know.
IBM says it plans to create ‘America's first pure-play quantum foundry' in collaboration with the Commerce Department.
Quantum stocks soar as U.S. reportedly plans $2 billion ‘award' and taking equity stakes
Quantum stocks soar as U.S. reportedly plans $2 billion ‘award' and taking equity stakes