D-Wave Quantum Inc. (QBTS)
| Market Cap | 6.20B +17.7% |
| 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 | 12,921,510 |
| Open | 16.73 |
| Previous Close | 17.12 |
| Day's Range | 16.60 - 17.10 |
| 52-Week Range | 12.75 - 46.75 |
| Beta | 2.14 |
| Analysts | Strong Buy |
| Price Target | 35.24 (+111.53%) |
| 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 111.53% from the latest price.
News
Quantum Is Years From Maturity but Already Going Mainstream
BofA Securities says investor and corporate interest in quantum computing is surging as government funding, technological breakthroughs, and rising budgets push the technology closer to commercializat...
Quantum Computing News: U.S. Awards $300M to QBTS, RGTI and Quantinuum
Welcome to Thursday’s quantum computing news recap. This edition looks at four developments shaping the sector, with D-Wave Quantum Inc. ($QBTS), Rigetti Computing, Inc. ($RGTI), and Quantinuum securi...
Why quantum computing stocks are soaring today while the rest of the market falls
Shares in the five most prominent quantum computing companies are rising today despite a larger market pullback. The stock price jump in the companies controlling the nascent technology comes after th...
D-Wave Issues 7.1M QBTS Shares to U.S. Government Under $100M CHIPS Deal
D-Wave Quantum Inc. ($QBTS) issued 7,095,721 shares to the U.S. Department of Commerce as part of its previously announced $100 million CHIPS Act award, according to a new regulatory filing.
Quantum Stocks Rise on $300M U.S. CHIPS Funding as IonQ Raises 2026 Forecast
Pure-play quantum computing stocks moved higher on Tuesday, as D-Wave Quantum Inc. ($QBTS), Rigetti Computing Inc. ($RGTI), and Quantinuum ($QNT) finalized $100 million U.S. government funding agreeme...
These 3 Quantum Stocks Are on the Rise as US Government Takes Minority Stakes
The U.S. government is taking minority stakes in three quantum computing companies in exchange for CHIPS and Science Act funding. Investors are cheering the move.
U.S. Government Is Now a Quantum Investor. Where the Chips Act Money Is Going.
Rigetti Computing, D-Wave Quantum, and Quantinuum are set to receive $100 million each from the U.S. Commerce Department.
Quantum Computing Stocks Pop Over 10% on Tuesday – Here’s What Is Driving Optimism
Quantum computing stocks, Rigetti ($RGTI), IonQ ($IONQ), and D‑Wave Quantum ($QBTS), rallied over 10% on Tuesday as two major catalysts hit the sector at the same time. The U.S. Department…
Quantum Stocks Rigetti, D-Wave, and IonQ Are Rising Today – What’s Behind the Surge and What Wall Street Sees Next
Quantum computing stocks are moving higher on Tuesday, with Rigetti Computing (NASDAQ:RGTI), D-Wave Quantum (NASDAQ:QBTS), and IonQ (NYSE:IONQ) all benefiting from developments in the sector, and gain...
U.S. Gets Minority Stakes in D-Wave, Rigetti, Quantinuum in $300 Million CHIPS Act Funding Deal
The U.S. government is taking minority equity stakes in D-Wave Quantum, Rigetti Computing, and Quantinuum with a combined $300 million CHIPS Act deal that funds the three companies to scale quantum-co...
Quantum Stocks Rally as RGTI, QBTS Secure Up to $200M in U.S. Funding
Rigetti Computing ($RGTI) and D-Wave Quantum ($QBTS) secured up to $200 million combined in U.S. government funding for quantum computing. The announcement today drove a pre-market rally in quantum pu...
D-Wave Quantum finalizes agreement with U.S. DoC for up to $100M
D-Wave Quantum (QBTS) announced the execution of a definitive agreement with the U.S. Department of Commerce, DoC, based on the previously announced Letter of Intent. D-Wave now has access to…
D-Wave Quantum Finalizes Definitive Agreement with U.S. Department of Commerce for up to $100 Million to Accelerate U.S. Leadership in Quantum Computing
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave quantum finalizes a definitive agreement with the U.S. department of commerce for up to $100 million to accelerate U.S. quantum leadership.
Why Are Quantum Stocks RGTI, IONQ, QBTS and QUBT Falling in Pre-Market Today?
Pure-play quantum computing stocks are moving lower in premarket trading Tuesday, with Rigetti Computing, Inc. ($RGTI), IonQ, Inc. ($IONQ), D-Wave Quantum Inc. ($QBTS), and Quantum Computing Inc. ($QU...
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.
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.
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.