D-Wave Quantum Inc. (QBTS)

NYSE: QBTS · Real-Time Price · USD
21.54
+0.62 (2.96%)
At close: May 5, 2026, 4:00 PM EDT
22.05
+0.51 (2.37%)
Pre-market: May 6, 2026, 6:23 AM EDT
Market Cap7.98B +338.9%
Revenue (ttm)24.59M +178.5%
Net Income-355.06M
EPS-1.11
Shares Out 370.43M
PE Ration/a
Forward PEn/a
Dividendn/a
Ex-Dividend Daten/a
Volume19,394,760
Open21.43
Previous Close20.92
Day's Range20.36 - 21.70
52-Week Range6.82 - 46.75
Beta1.94
AnalystsStrong Buy
Price Target32.53 (+51.02%)
Earnings DateMay 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]

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 51.02% from the latest price.

Price Target
$32.53
(51.02% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

D-Wave Announces Qubits Europe 2026 Quantum Computing User Conference

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...

23 hours ago - Business Wire

Analysts see 80% upside in this quantum stock pre-earnings

Quantum computing is about to get its biggest reality check of 2026. IonQ reports first-quarter results on Wednesday, May 6, after the close, while D-Wave Quantum follows on Tuesday, May 12, before th...

Other symbols: IONQ
1 day ago - Invezz

D-Wave to Host First-Ever Investor Day at the New York Stock Exchange

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...

6 days ago - Business Wire

D-Wave Quantum to Participate in Upcoming Investor Conferences

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...

8 days ago - Business Wire

D-Wave Quantum to Report First Quarter Fiscal Year 2026 Financial Results on May 12, 2026

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...

12 days ago - Business Wire

Charts to Watch: SPX, QBTS, FSLR

@CharlesSchwab's Kevin Horner says markets are getting thinner near all-time highs, but adds that sometimes, it's best not to fight the trend. He highlights bullish and bearish trends in the S&P 500 (...

Other symbols: FSLR
13 days ago - Schwab Network

D-Wave Soared 46% On Nvidia's Quantum Bet. Here's The Surprise Winner

Nvidia stock is up about 13% this year.

Other symbols: NVDA
16 days ago - Forbes

Quantum Stocks Had a Blowout Week. IonQ, Infleqtion, and Other Names to Watch.

The number of public quantum companies is steadily growing. These players are stealing the spotlight.

Other symbols: INFQIONQRGTI
18 days ago - Barrons

Quantum Stocks Are Booming — S&P Global Says 2026 'Is Triggering Change'

Quantum stocks have surged across the board.

Other symbols: INFQRGTIXNDU
19 days ago - Benzinga

Quantum stocks on pace for a massive week after Nvidia debuts AI models to boost the tech

Quantum computing stocks have rallied this week after Nvidia announced new open-source AI models designed to advance the promising technology. IonQ, D-Wave Quantum, Quantum Computing and Rigetti Compu...

Other symbols: NVDAIONQQUBTRGTI
19 days ago - CNBC

Quantum computing stocks are back on the rise. Here's why IONQ, QBTS, RGTI, and QUBT are up

Yesterday was World Quantum Day, a day dedicated to raising awareness of the physics that powers the quantum computers of tomorrow.

Other symbols: IONQQUBTRGTI
20 days ago - Fast Company

D-Wave CEO Warns Nvidia: Quantum Computers Are Coming For You

Speaking to Yahoo Finance at the Semafor World Economy Summit, Baratz said: "If I was Nvidia, I'd be shaking in my boots," framing quantum as the next wave of compute power that could eventually under...

21 days ago - Benzinga

10 Stocks For World Quantum Day From Pure-Play To Blue‑Chip

World Quantum Day, celebrated every year on April 14, is a global initiative to raise awareness about quantum science and its impact on technology, industry and everyday life.

21 days ago - Benzinga

D-Wave CEO Brings Commercial Quantum Computing to the Center of Global Economic and Technology Discussions at Semafor World Economy and QED-C Quantum 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, soft...

22 days ago - Business Wire

Rigetti, IonQ, D-Wave Face A Quantum Rout, Bearish Traders Cheer

ETF traders are increasingly betting against quantum computing companies, even as Big Tech companies are investing heavily in the technology's long-term prospects. This divergence indicates that the g...

Other symbols: IONQRGTI
5 weeks ago - Benzinga

D-Wave to Premiere “Quantum Matters” Podcast

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...

6 weeks ago - Business Wire

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...

2 months 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...

2 months 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.

2 months ago - Benzinga

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
2 months ago - Fast Company

D-Wave Quantum Earnings Call Transcript: Q4 2025

Fiscal 2025 saw record revenue growth of 179% and major technical milestones, including quantum supremacy and a dual-platform strategy. Bookings and pipeline surged into 2026, with strong liquidity and expanding enterprise and government traction.

2 months ago - Transcripts

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.

2 months 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...

2 months ago - Business Wire

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 months ago - Business Wire

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...

2 months ago - Business Wire