D-Wave Quantum Inc. (QBTS)
| Market Cap | 8.84B +96.9% |
| Revenue (ttm) | 12.44M -41.8% |
| Net Income | -368.00M |
| EPS | -1.08 |
| Shares Out | 370.45M |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 34,307,156 |
| Open | 26.56 |
| Previous Close | 27.64 |
| Day's Range | 23.29 - 26.59 |
| 52-Week Range | 12.75 - 46.75 |
| Beta | 2.05 |
| Analysts | Strong Buy |
| Price Target | 36.44 (+52.79%) |
| 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 $36.44, which is an increase of 52.79% from the latest price.
News
QBTS, IONQ, RGTI: Here’s Why Quantum Computing Stocks Are Crashing Over 10% Today
Quantum computing stocks, such as Rigetti ($RGTI), IonQ ($IONQ), and D-Wave Quantum ($QBTS), are down more than 10% on Friday. The drop comes from profit‑taking after recent rallies, worries about…
IonQ vs D-Wave: One Quantum Stock Rakes In Cash While The Other Gets Federal Aid
Wall Street is keeping a very close eye on IonQ ($IONQ) and D-Wave ($QBTS) right now because these advanced computer companies are leaving the rest of the stock market far…
D-Wave (QBTS) Took the Gloves Off at Investor Day, Saying Quantum Computing Is Already Commercial
D-Wave Quantum Inc. ($QBTS) used its first Investor Day at the New York Stock Exchange to deliver a blunt message to investors: quantum computing is no longer a science project…
D-Wave Certified as a Great Place To Work® Company
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, soft...
D-Wave (QBTS) Stock Rises as SEC Filings Put Its Quantum Strategy in Focus
D-Wave Quantum ($QBTS) is getting a fresh look from Wall Street after a series of SEC filings provided investors with a clearer view of its technology roadmap and commercial strategy.
D-Wave Quantum (QBTS) Stock Gets Wall Street Boost as Top Analyst Sees 33% Upside
D-Wave Quantum Inc. ($QBTS), a quantum computing company developing both annealing and gate-model quantum systems, is getting a fresh Wall Street boost after hosting its first Investor Day at the…
D-Wave Quantum price target raised to $40 from $36 at B. Riley
B. Riley raised the firm’s price target on D-Wave Quantum (QBTS) to $40 from $36 and keeps a Buy rating on the shares following the investor day. The gate model’s…
D-Wave Quantum (QBTS) Stock Gets New Bullish Price Targets after Investor Day
D-Wave Quantum Inc. ($QBTS), a quantum computing company focused on commercial quantum systems and software, is drawing fresh analyst support after hosting its first Investor Day at the New York…
D-Wave Quantum price target raised to $40 from $30 at Roth Capital
Roth Capital raised the firm’s price target on D-Wave Quantum (QBTS) to $40 from $30 and keeps a Buy rating on the shares. The company’s first investor analyst day was…
D-Wave Quantum Transcript: Investor Day 2026
Corrected summary: The event outlined a dual-platform strategy for the quantum computing market with annealing and gate-model systems. Commercial traction is growing, with Fortune 100 deployments and notable performance gains. The company projects balanced revenue, strong margins, and is supported by patents and U.S. government funding.
D-Wave Quantum Slides: FY 2026
D-Wave Quantum has posted slides in relation to its FY 2026 quarterly earnings report, which was published on June 1, 2026.
D-Wave Quantum Releases Gate-Model Roadmap. What That Means and Why It Matters.
D-Wave Quantum has cornered the market for annealing quantum systems but the company is looking to move beyond its current niche.
D-Wave Quantum announces new gate-model roadmap
D-Wave Quantum (QBTS) announced a new gate-model roadmap designed to accelerate the development of commercial, fault-tolerant quantum computing. Targeting 100 logical qubits capable of successfully pe...
D-Wave Charts a New Course to Fault-Tolerant Quantum Computing with Gate-Model Roadmap
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), (“D-Wave” or the “Company”), the only dual-platform quantum computing company providing both annealing and gate-model systems, sof...
D-Wave Quantum Investor Day: What QBTS Investors Need to Watch
D-Wave Quantum Inc. ($QBTS) investors have a fresh catalyst to watch as the company hosts its first-ever Investor Day today, June 1. The event, titled “The D-Wave Difference,” will run…
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…
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'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 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...
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...