D-Wave Quantum Inc. (QBTS)

NYSE: QBTS · Real-Time Price · USD
32.43
+5.14 (18.83%)
Oct 23, 2025, 11:42 AM EDT - Market open
18.83%
Market Cap11.09B
Revenue (ttm)22.28M
Net Income (ttm)-281.54M
Shares Out 342.02M
EPS (ttm)-1.10
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume62,814,033
Open32.60
Previous Close27.29
Day's Range31.05 - 33.43
52-Week Range0.98 - 46.75
Beta1.48
AnalystsStrong Buy
Price Target20.50 (-36.79%)
Earnings DateNov 6, 2025

About QBTS

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers 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. It also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of en... [Read more]

Sector Technology
Founded 1999
Employees 220
Stock Exchange NYSE
Ticker Symbol QBTS
Full Company Profile

Financial Performance

In 2024, D-Wave Quantum's revenue was $8.83 million, an increase of 0.79% compared to the previous year's $8.76 million. Losses were -$143.88 million, 73.9% more than in 2023.

Financial Statements

Analyst Summary

According to 10 analysts, the average rating for QBTS stock is "Strong Buy." The 12-month stock price target is $20.5, which is a decrease of -36.79% from the latest price.

Price Target
$20.5
(-36.79% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Shares Of Quantum Computing Firms Surge After Reports Trump Administration Could Take A Stake

The companies are reportedly vying for federal funding awards intended for “promising technology companies.” According to the Journal, the companies that agree to the deal could receive funding awards...

Other symbols: IONQQUBTRGTI
2 hours ago - Forbes

Trump admin. in talks to take equity stakes in quantum computing companies in exchange for fund: WSJ

CNBC's Andrew Ross Sorkin reports on the latest news.

Other symbols: IONQRGTI
4 hours ago - CNBC Television

Wall Street Breakfast Podcast: Quantum Names Pop

Quantum computing stocks like IonQ (IONQ), Rigetti (RGTI), and D-Wave (QBTS) surge on reports of potential Trump administration equity stakes. The Trump administration's intervention signals a strateg...

Other symbols: IONQMOOQUBTRGTI
4 hours ago - Seeking Alpha

D-Wave Quantum to Report Third Quarter Fiscal Year 2025 Financial Results on November 6, 2025

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced it will release its financial results fo...

4 hours ago - Business Wire

D-Wave Quantum, Rigetti, IonQ Stocks Surge. They Could Get Government Backing: Report.

IonQ, Rigetti Computing and D-Wave Quantum are all in talks about granting shares to the Commerce Department, according to The Wall Street Journal.

Other symbols: IONQRGTI
5 hours ago - Barrons

Trump administration in talks to take stakes in quantum-computing firms, WSJ reports

U.S. President Donald Trump's administration is in talks with several quantum-computing companies to take equity stakes in exchange for federal funding, the Wall Street Journal reported on Wednesday, ...

Other symbols: IONQRGTI
13 hours ago - Reuters

Trump Administration in Talks to Take Equity Stakes in Quantum-Computing Firms

The discussions signal Washington's wider involvement is critical parts of the economy.

Other symbols: IONQRGTI
14 hours ago - WSJ

Why D-Wave stock is emerging as billionaires' favourite quantum computing name

D-Wave Quantum Inc (NYSE: QBTS) opened in the red this morning, but the pullback may be an opportunity to load up on the quantum computing name that's emerging as a billionaires' favourite. In Q2, bil...

1 day ago - Invezz

D-Wave Hosts Series of Seminars to Expand Quantum Computing Education in Italy

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 supplie...

1 day ago - Business Wire

These 11 Stocks Are Probably in a Bubble. It's Time to Get Out.

The stocks are all tied to Wall Street's hopes for AI and quantum computing. Examples are D-Wave Quantum and NuScale Power.

Other symbols: SMRMPRGTISOUN
2 days ago - Barrons

D-Wave Announces Redemption of Public Warrants

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 supplie...

3 days ago - Business Wire

Quantum Stock Tracker: Early Rally Fades, Rigetti And D-Wave Still Up On The Week

Quantum stocks pulled back on Thursday and Friday after a strong rally earlier in the week. Here's a look at what drove the early rally and the pull-back that followed.

Other symbols: RGTI
5 days ago - Benzinga

Quantum computing stocks are sinking today: What's happening with Rigetti, D-Wave, QUBT, and IonQ?

The fortunes of major quantum computing firms turned negative this week as share prices sank—in some cases by double digits.

Other symbols: IONQQUBTRGTI
5 days ago - Fast Company

D-Wave Makes European Push

D-Wave has announced an agreement with Swiss Quantum Technology to deploy its most advanced quantum processor to date, the Advantage2. D-Wave CEO Alan Baratz discusses the company's expansion in Europ...

7 days ago - Bloomberg Technology

D-Wave stock rises again after it strikes a deal to bring its Advantage2 quantum computer to Italy

U.S. quantum computing firm D-Wave Quantum has struck a deal with a company called Swiss Quantum Technology (SQT) to bring D-Wave's Advantage2 quantum computer to Europe.

7 days ago - Fast Company

Swiss Quantum Technology SA Signs €10M Agreement to Deploy D-Wave Advantage2 Annealing Quantum Computer

PALO ALTO, Calif. & COMO, Italy--(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 comm...

8 days ago - Business Wire

Quantum Stock Rally Leaves Shkreli's Short 'Pretty F***n' Far From Okay'

Martin Shkreli, known for his outspoken views in finance, has been shorting quantum computing stocks IonQ, Inc. (NYSE:IONQ), D-Wave Quantum, Inc. (NYSE:QBTS), Rigetti Computing, Inc. (NASDAQ:RGTI), an...

Other symbols: IONQQUBTRGTI
8 days ago - Benzinga

D-Wave Named Winner in Fast Company's 2025 Next Big Things in Tech Awards

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 supplie...

8 days ago - Business Wire

Quantum computing stocks soared again yesterday. The reason why may surprise even their biggest boosters

Shares in America's “Quantum Four” quantum computing companies surged again yesterday. D-Wave, IonQ, Quantum Computing, and Rigetti all saw their stock prices jump by double-digit percentages.

Other symbols: IONQQUBTRGTI
8 days ago - Fast Company

The Birth of the World's Most Powerful Quantum Hub

PALO ALTO, Calif. & COMO, Italy--(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 comm...

9 days ago - Business Wire

Worden: "Love" PLTR & QBTS, Labor Bigger Risk to Markets Than Tariffs

Jim Worden remains bullish on market momentum. He says technicals for most stocks show an uptrend, though he warns investors to brace for more "break" days for markets to breathe.

Other symbols: PLTR
9 days ago - Schwab Network

Quantum stocks surge after JPMorgan investing push into strategic tech

Quantum stocks, including Rigetti Computing and IONQ, surge on Monday. The quantum rally continued after JPMorgan announced it would invest $10 billion in 27 specific industries, including quantum com...

Other symbols: IONQRGTIARQQQUBT
9 days ago - CNBC

Rigetti, D-Wave, IonQ Could Get JPMorgan's Support—Quantum Stocks Take Off

Quantum computing stocks rallied on Monday as broader markets breathed a sigh of relief after President Trump appeared to cool trade tensions with China.

Other symbols: IONQRGTI
10 days ago - Benzinga

Defiance Launches QBTZ: The First 2X Short ETF for D-Wave Quantum Inc

MIAMI, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Defiance ETFs is proud to announce the launch of the  Defiance Daily Target 2X Short QBTS ETF (Ticker: QBTZ) , further expanding its innovative lineup of singl...

Other symbols: QBTZ
16 days ago - GlobeNewsWire

D-Wave and the University of Southern California Bring Quantum Computing to LA Tech Week

PALO ALTO, Calif. & MARINA DEL REY, 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...

16 days ago - Business Wire