D-Wave Quantum Inc. (QBTS)

NYSE: QBTS · Real-Time Price · USD
18.06
-1.32 (-6.81%)
At close: Feb 20, 2026, 4:00 PM EST
18.00
-0.06 (-0.33%)
After-hours: Feb 20, 2026, 7:59 PM EST
Market Cap6.68B +296.9%
Revenue (ttm)24.14M +156.2%
Net Income-398.81M
EPS-1.37
Shares Out 369.83M
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume26,614,108
Open18.92
Previous Close19.38
Day's Range17.83 - 19.36
52-Week Range4.45 - 46.75
Beta1.57
AnalystsStrong Buy
Price Target32.80 (+81.62%)
Earnings DateFeb 26, 2026

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 15 analysts, the average rating for QBTS stock is "Strong Buy." The 12-month stock price target is $32.8, which is an increase of 81.62% from the latest price.

Price Target
$32.8
(81.62% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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...

2 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
7 days 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...

9 days 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 ...

10 days 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
10 days 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...

21 days 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...

23 days 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...

23 days 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.

24 days 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...

24 days 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...

25 days 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...

25 days 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...

25 days 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...

25 days ago - Business Wire

These 20 stocks are strong choices for momentum investors

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

4 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...

4 weeks ago - Forbes

D-Wave Completes Acquisition of Quantum Circuits Inc., Creating World's Leading Quantum Computing Company

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 suppli...

4 weeks ago - Business Wire

Microsoft, Nebius, IREN And More: 5 Stocks Investors Couldn't Stop Buzzing About This Week

Retail investors talked up five hot stocks this week (Jan. 12 to Jan. 16) on X and Reddit's r/WallStreetBets, driven by retail hype, AI buzz, and corporate news flow.

Other symbols: MSFTNBISIRENOKLO
5 weeks ago - Benzinga

Rigetti and Quantum Computing Stocks Are a Buy, Says Analyst. Look Past the Criticism of Both.

Rosenblatt Securities initiates coverage on shares of both quantum companies at Buy.

Other symbols: IONQQUBTRGTI
5 weeks ago - Barrons

Rigetti Suffers Setback, D-Wave Makes Strides. What Analysts Are Saying About Quantum Stocks.

Rigetti pushed back the timeline for its next system, while peers made acquisitions and struck new deals. Analysts remain bullish on the sector's long-term prospects.

Other symbols: RGTI
5 weeks ago - Barrons

QBTS Stock Analysis: Is D-Wave Quantum Worth $10 Billion?

D-Wave (NYSE: QBTS) is in the process of commercializing quantum annealing technology— a specialized quantum method tailored for addressing optimization issues. In contrast to competitors pursuing uni...

5 weeks ago - Forbes

D-Wave: Quantum's First Real Revenue Winner

D-Wave Quantum Inc. reported nearly 100% YoY revenue growth, reaching $3.74 million in Q3, signaling accelerating commercial quantum adoption. Over 100 organizations run production workloads, with cli...

6 weeks ago - Seeking Alpha

D-Wave to Acquire Quantum Circuits for $550 Million

The combined entity plans to bring quantum computers to market in 2026, D-Wave says.

6 weeks ago - Barrons

D-Wave Announces Agreement to Acquire Quantum Circuits Inc., Establishing World's Leading Quantum Computing Company

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 suppli...

6 weeks ago - Business Wire

Quantum computing momentum grows: D-Wave announces first major breakthrough of 2026

A new year, a new quantum computing breakthrough: D-Wave, one of the quantum industry's rising stars, announced “an industry-first breakthrough” on Tuesday as it works to make quantum computing commer...

6 weeks ago - Fast Company