D-Wave Quantum Inc. (QBTS)

NYSE: QBTS · Real-Time Price · USD
17.55
-0.28 (-1.57%)
At close: Mar 13, 2026, 4:00 PM EDT
17.51
-0.04 (-0.23%)
After-hours: Mar 13, 2026, 7:59 PM EDT
Market Cap6.44B +297.6%
Revenue (ttm)24.59M +178.5%
Net Income-355.06M
EPS-1.11
Shares Out 366.74M
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume20,992,068
Open18.12
Previous Close17.83
Day's Range17.43 - 18.69
52-Week Range5.77 - 46.75
Beta1.66
AnalystsStrong Buy
Price Target32.53 (+85.36%)
Earnings DateFeb 26, 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]

Sector Technology
Founded 1999
Employees 388
Stock Exchange NYSE
Ticker Symbol QBTS
Full Company Profile

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 Statements

Analyst Summary

According to 15 analysts, the average rating for QBTS stock is "Strong Buy." The 12-month stock price target is $32.53, which is an increase of 85.36% from the latest price.

Price Target
$32.53
(85.36% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

D-Wave Quantum: Proof Of Commercialization With Rare Optionality

D-Wave Quantum is a speculative Buy, leveraging a unique dual-platform strategy post-Quantum Circuits acquisition, with genuine, diversified commercial revenue. QBTS reported FY2025 revenue of $24.6M ...

2 days ago - Seeking Alpha

D-Wave to Present Scientific Advancements in Annealing and Gate-Model Quantum Computing at APS Global Physics Summit

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...

4 days ago - Business Wire

D-Wave (QBTS) CEO on Earnings, Quantum Computing Profits & Acquisitions

Dr. Alan Baratz, CEO of D-Wave (QBTS), talks about what he calls a "great year" for the company in 2025, and the profitability path the latest earnings paves. He notes 2026 sales of D-Wave's quantum c...

9 days ago - Schwab Network

D-Wave Quantum Stock Is Sliding Friday: What's Driving The Action?

D-Wave Quantum Inc (NYSE: QBTS) shares are trading lower Friday morning as Wall Street recalibrated expectations following the company's latest earnings report. Here's what investors need to know.

15 days ago - Benzinga

D-Wave Quantum Inc. (QBTS) Q4 2025 Earnings Call Transcript

D-Wave Quantum Inc. (QBTS) Q4 2025 Earnings Call Transcript

15 days ago - Seeking Alpha

Quantum computing stocks soar: IonQ, D-Wave, Rigetti, and QUBT are rising today. But why—and will it last?

The stock prices of the so-called Quantum Four are back on the rise today, after already accruing significant gains yesterday as well.

Other symbols: IONQQUBTRGTI
16 days ago - Fast Company

D-Wave Quantum Stock Rises on Earnings. A Revenue Miss Doesn't Seem to Matter.

D-Wave Quantum trims back its losses in its latest quarter and points to strength in customer orders.

16 days ago - Barrons

D-Wave Reports Fourth Quarter and Year-End 2025 Results

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...

16 days ago - Business Wire

Quantum Stock Crunch: Repricing Or Red Flag?

Quantum computing stocks have plunged far more than the broader tech rotation as investors reassess stretched valuations and the viability of early-stage, pre-profit business models. The four most wid...

Other symbols: IONQQUBTRGTI
18 days ago - Seeking Alpha

D-Wave Joins Southeastern Quantum Collaborative as Inaugural Member

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...

23 days ago - Business Wire

Undercovered Stocks: D-Wave Quantum, JPMorgan, Aris Mining And More

The Undercovered Dozen series spotlights 12 less-covered stocks highlighted in recent Seeking Alpha articles. This week's edition covers articles published between Feb. 6 and Feb. 12, offering fresh i...

Other symbols: JPM
4 weeks ago - Seeking Alpha

D-Wave Quantum to Report Fourth Quarter and Year-End Fiscal Year 2025 Financial Results on February 26, 2026

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), the only dual-platform quantum computing company, providing both annealing and gate-model systems, software, and servic...

4 weeks ago - Business Wire

D-Wave: The First Quantum Company To Go Post-NISQ

D-Wave has transitioned from proof-of-concept to large-scale commercial quantum deals, securing major contracts and accelerating revenue growth. QBTS's acquisition of Quantum Circuits, Inc. positions ...

4 weeks ago - Seeking Alpha

The Big 3: MU, NVDA, QBTS

The "Fibonacci Princess" returns to the Big 3. Tammy Marshall with @ElliottWaveTrader highlights tech options trades she likes in Micron (MU), Nvidia (NVDA), and D-Wave Quantum (QBTS).

Other symbols: NVDAMU
4 weeks ago - Schwab Network

D-Wave Quantum CEO on Latest Growth & Adoption Trends

Dr. Alan Baratz, CEO of D-Wave Quantum (QBTS), joins Opening Bell with a slew of updates on the company's growth picture. He shares details of new deals, including a 2-year $10M agreement with a Fortu...

6 weeks ago - Schwab Network

SuperQ Quantum Engages with Industry Leaders on Hybrid Computing and Post-Quantum Cybersecurity at Qubits 2026; Announces Warrant Extension

Calgary, Alberta--(Newsfile Corp. - January 29, 2026) - SuperQ Quantum Computing Inc. (CSE: QBTQ) (OTCQB: QBTQF) (FSE: 25X) ("SuperQ Quantum", "SuperQ", or the "Company") is pleased to announce that B...

6 weeks ago - Newsfile Corp

CP Group Secures Global Headquarters Relocation of Quantum Computing Pioneer D-Wave to Its Boca Raton Innovation Campus (BRiC)

BOCA RATON, Fla.--(BUSINESS WIRE)--CP Group, an owner-operator of office properties across the Sunbelt, along with DRA Advisors, today announced it has signed a landmark lease agreement with D-Wave Qu...

6 weeks ago - Business Wire

D-Wave Stock Gains After $30 Million in Deals and HQ Move to Florida

D-Wave Quantum lands a system sale and its “first large enterprise deal,” a sign that commercialization is inching forward in the quantum sector.

6 weeks ago - Barrons

D-Wave Announces $10 Million, Two-Year Enterprise QCaaS Agreement with Fortune 100 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 annealing and gate-model systems, software...

6 weeks ago - Business Wire

Florida Atlantic University Signs $20M Agreement to Purchase Advantage2 Quantum Computer from D-Wave

PALO ALTO, Calif. & BOCA RATON, Fla.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), the only dual-platform quantum computing company, providing annealing and gate-mode...

6 weeks ago - Business Wire

D-Wave Selects Boca Raton for New Corporate Headquarters and U.S. R&D Facility

PALO ALTO, Calif. & BOCA RATON, Fla.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), the only dual-platform quantum computing company, providing annealing and gate-mode...

6 weeks ago - Business Wire

D-Wave Announces Advancements in Annealing and Gate-Model Quantum Computing Technologies, Furthering Company's Unique Dual-Platform Approach

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), the only dual-platform quantum computing company, providing annealing and gate-model systems, software...

6 weeks ago - Business Wire

Anduril, Davidson and D-Wave Collaborate to Develop Quantum Applications for US Air and Missile Defense

PALO ALTO, Calif. & HUNTSVILLE, Ala. & COSTA MESA, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), the only dual-platform quantum computing company, providing an...

6 weeks ago - Business Wire

These 20 stocks are strong choices for momentum investors

“Big mo” is an “eternal feature” of financial markets worldwide.

7 weeks ago - Market Watch

How Low Can QBTS Stock Go?

D-Wave Quantum stock (NYSE: QBTS) declined by 6.2% yesterday, January 20, as part of a wider market downturn caused by rising geopolitical tensions associated with the U.S. efforts to purchase Greenla...

7 weeks ago - Forbes