D-Wave Quantum Inc. (QBTS)
| Market Cap | 6.33B +21.5% |
| Revenue (ttm) | 12.43M -44.2% |
| Net Income | -248.70M |
| EPS | -0.69 |
| Shares Out | 372.44M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 18,194,469 |
| Open | 17.56 |
| Previous Close | 17.90 |
| Day's Range | 16.68 - 17.72 |
| 52-Week Range | 12.75 - 46.75 |
| Beta | 2.16 |
| Analysts | Strong Buy |
| Price Target | 35.24 (+107.42%) |
| Earnings Date | Aug 6, 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 17 analysts, the average rating for QBTS stock is "Strong Buy." The 12-month stock price target is $35.24, which is an increase of 107.42% from the latest price.
News
This Quantum Stock Is Puzzling. Why Its Growth Surge Is Mostly an Illusion.
One analyst is overlooking Quantum Computing Inc.'s bizarre corporate history and persistent financial challenges for a surprising reason.
Why D-Wave Stock Is Sinking Today (August 26) — and What Wall Street Sees Next
D-Wave Quantum (NASDAQ:QBTS) stock is taking a hit Wednesday, falling about 8% following a change in the quantum-computing specialist’s finance leadership. CFO John Markovich is retiring and will leav...
Why Is D-Wave Quantum Stock (QBTS) Falling in Premarket Today, 8/26/2026?
Shares of D-Wave Quantum ($QBTS) are down 1.5% in premarket trading after the quantum-computing company announced a change in its finance leadership. According to a company press release on August…
D-Wave (QBTS) CFO Retires; Stock Slips as Acting CFO Takes Over
D-Wave Quantum Inc. ($QBTS) is preparing for a change in its finance leadership, with Chief Financial Officer John Markovich set to retire and resign from his position effective September 2.
D-Wave Quantum CFO John Markovich resigns, Greg Golkov named acting CFO
D-Wave Quantum (QBTS) announced that John Markovich is retiring and thus resigning from his position as CFO, effective September 2. Markovich’s resignation was not the result of any disagreement with…
D-Wave Quantum Announces the Resignation of Chief Financial Officer
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NASDAQ: QBTS) ("D-Wave" or the "Company"), the only dual-platform quantum computing company providing both annealing and gate-model systems, so...
Why Quantum Computing Is a Threat to Cybersecurity
The math behind encryption will be no match for quantum computers, forcing organizations to rethink cybersecurity. Here's what to know.
IonQ, Rigetti and D-Wave Stocks Are Falling Today — What’s Behind the Drop and What Wall Street Sees Next
Quantum computing stocks are falling Monday, with several of the sector’s biggest names losing far more ground than the broader market. IonQ (NYSE:IONQ), Rigetti Computing (NASDAQ:RGTI), and D-Wave Qu...
D-Wave Quantum Gets Bullish Call From Top Analyst as QBTS Stock Offers 89% Upside
BMO Capital Markets has started coverage of D-Wave Quantum Inc. ($QBTS) with an Outperform rating and a $35 price target, implying about 89% total return from the stock’s $18.56 reference…
3 Quantum Computing Stocks With Over 70% Upside, According to Analysts
Quantum computing is still in its early stages, and companies such as Xanadu Quantum ($XNDU), Quantum Computing ($QUBT), and D-Wave Quantum ($QBTS) are drawing interest. These companies are building h...
IonQ, Rigetti, D-Wave Stocks Are Rebounding — Here’s How High Wall Street Sees Them Going
Quantum computing stocks are rebounding on Friday, with IonQ (NYSE:IONQ) climbing about 7%, Rigetti Computing (NASDAQ:RGTI) gaining 8.5%, and D-Wave Quantum (NASDAQ:QBTS) rising 7%. The gains follow a...
D-Wave Quantum Stock Rises as BMO Sees 86% Upside for QBTS
D-Wave Quantum ($QBTS) stock is gaining on Friday after BMO Capital started coverage with an Outperform rating and a $35 price target, implying about 86% upside from the stock’s latest…
BMO Capital starts D-Wave Quantum with Outperform rating, says revolutionary
BMO Capital analyst Harsh Kumar initiated coverage of D-Wave Quantum (QBTS) with an Outperform rating and $35 price target The firm told investors that D-Wave Quantum is a revolutionary quantum…
D-Wave Technology Drives NTT DOCOMO's Second Production Quantum Application in Network Operations
PALO ALTO, Calif. & TOKYO--(BUSINESS WIRE)--D-Wave Quantum Inc. (NASDAQ: QBTS), the only dual-platform quantum computing company providing both annealing and gate-model systems, software and services,...
D-Wave Appoints Kevan P. Krysler to Board of Directors and Audit Committee
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NASDAQ: QBTS) ("D-Wave" or the "Company"), the only dual-platform quantum computing company providing both annealing and gate-model systems, so...
Quantum Computing Earnings Offered a Reality Check. What Comes Next.
IonQ, Quantinuum, and other notable names in the quantum sector have reported earnings, which broadly showed that traction continues to grow.
D-Wave Awarded National Research Council of Canada Funding to Advance Commercial Annealing Quantum Computing
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NASDAQ: QBTS) ("D-Wave" or the "Company"), the only dual-platform quantum computing company providing both annealing and gate-model systems, so...
D-Wave Quantum to Participate in Upcoming Investor Conferences
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NASDAQ: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, s...
Why is D-Wave stock falling 5% today?
D-Wave Quantum shares QBTS fell about 5% on Thursday after the quantum computing company reported second-quarter revenue and earnings that missed Wall Street expectations, overshadowing a sharp increa...
D-Wave Quantum Earnings Call Transcript: Q2 2026
Q2 2026 revenue was flat year-over-year, but bookings and commercial engagement surged, with over 37% of QCaaS revenue from production applications and a 1,120% increase in bookings. Peer-reviewed research validated technical leadership, and the sales pipeline and RPOs expanded sharply.
D-Wave Quantum Earnings release: Q2 2026
D-Wave Quantum released its Q2 2026 earnings on August 6, 2026, summarizing the period's financial results.
D-Wave Quantum Slides: Q2 2026
D-Wave Quantum has posted slides in relation to its Q2 2026 quarterly earnings report, which was published on August 6, 2026.
D-Wave Quantum Quarterly report: Q2 2026
D-Wave Quantum has published its Q2 2026 quarterly earnings report on August 6, 2026.
Why D-Wave Quantum Stock Is Sliding After Earnings Reveal a 1,120% Surge in Bookings
D-Wave Quantum posts lower-than-expected revenue in its latest quarter, even as the number of revenue-generating customer orders soars.