D-Wave Quantum Inc. (QBTS)

NYSE: QBTS · IEX Real-Time Price · USD
2.040
-0.060 (-2.86%)
At close: Mar 28, 2024, 4:00 PM
1.980
-0.060 (-2.94%)
After-hours: Mar 28, 2024, 7:59 PM EDT
-2.86%
Market Cap 306.74M
Revenue (ttm) 8.25M
Net Income (ttm) -79.49M
Shares Out 113.40M
EPS (ttm) -0.64
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 5,870,477
Open 1.880
Previous Close 2.100
Day's Range 1.860 - 2.110
52-Week Range 0.396 - 3.200
Beta 0.87
Analysts Strong Buy
Price Target 2.00 (-1.96%)
Earnings Date Mar 28, 2024

About QBTS

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises f... [Read more]

Sector Technology
Founded 1999
Employees 215
Stock Exchange NYSE
Ticker Symbol QBTS
Full Company Profile

Financial Performance

In 2022, D-Wave Quantum's revenue was $7.17 million, an increase of 14.24% compared to the previous year's $6.28 million. Losses were -$51.53 million, 63.4% more than in 2021.

Financial Statements

Analyst Forecast

According to 3 analysts, the average rating for QBTS stock is "Strong Buy." The 12-month stock price forecast is $2.0, which is a decrease of -1.96% from the latest price.

Price Target
$2.0
(-1.96% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

D-Wave Reports Fourth Quarter and Year-End 2023 Results

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc., (NYSE: QBTS) (“D-Wave” or the “Company”) a leader in commercial quantum computing systems, software, and services, ...

1 day ago - Business Wire

D-Wave Bolsters Executive Leadership Team for Rapid Growth and Strategic Execution

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the worl...

11 days ago - Business Wire

D-Wave Quantum Inc. Announces Date for Fourth Quarter and Full Year Fiscal 2023 Earnings Call

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced it will rele...

15 days ago - Business Wire

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of D-Wave Quantum Inc. - QBTS

NEW YORK , March 11, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of D-Wave Quantum Inc. ("D-Wave" or the "Company") (NYSE: QBTS).  Such investors are advised to c...

17 days ago - PRNewsWire

D-Wave Quantum Inc. to Participate in 36th Annual Roth Conference

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world's first commerc...

23 days ago - Business Wire

D-Wave Launches New Go-To-Market Growth Strategy to Rapidly Accelerate Quantum Adoption

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world's first commerc...

24 days ago - Business Wire

D-Wave Regains Compliance with NYSE Continued Listing Standards

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in commercial quantum computing systems, software, and services, today announced i...

25 days ago - Business Wire

Building a Quantum-Ready Workforce: D-Wave Launches Starter Course to Bridge Critical Skills Gap

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world's first commerc...

4 weeks ago - Business Wire

NATIONALLY RANKED ROSEN LAW FIRM Encourages D-Wave Quantum Inc. Investors to Inquire About Securities Class Action Investigation - QBTS

NEW YORK , Feb. 23, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of D-Wave Quantum Inc. (...

4 weeks ago - PRNewsWire

NEC and D-Wave Introduce New Quantum Offerings to Australian Market

SYDNEY & PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--NEC Australia and leading international quantum computing company, D-Wave Quantum Inc. (NYSE: QBTS) (D-Wave), are partnering to...

5 weeks ago - Business Wire

TOP RANKED ROSEN LAW FIRM Encourages D-Wave Quantum Inc. Investors to Inquire About Securities Class Action Investigation - QBTS

NEW YORK , Feb. 13, 2024 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of D-Wave Quantum Inc. (...

6 weeks ago - PRNewsWire

ROSEN, LEADING INVESTOR COUNSEL, Encourages D-Wave Quantum Inc. Investors to Inquire About Securities Class Action Investigation – QBTS

NEW YORK--(BUSINESS WIRE)--WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of D-Wave Quantum Inc. (NYSE: QBT...

6 weeks ago - Business Wire

D-Wave Announces Availability of 1,200+ Qubit Advantage2™ Prototype in the Leap™ Quantum Cloud Service, Making its Most Performant System Available to Customers Today

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world's first commerc...

6 weeks ago - Business Wire

D-Wave and Zapata AI Announce Strategic Technical and Commercial Collaboration to Advance Quantum-Enabled Machine Learning

PALO ALTO, Calif. & BURNABY, British Columbia & BOSTON--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world's firs...

7 weeks ago - Business Wire

D-Wave Joins Forces with Deloitte Canada to Advance Quantum Adoption

BURNABY, British Columbia & PALO ALTO, Calif. & TORONTO--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's first commerci...

2 months ago - Business Wire

D-Wave Announces 1,200+ Qubit Advantage2™ Prototype in New, Lower-Noise Fabrication Stack, Demonstrating 20x Faster Time-to-Solution on Important Class of Hard Optimization Problems

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world's first commerc...

2 months ago - Business Wire

D-Wave Names Kirstjen Nielsen, Former Secretary of Homeland Security, to Board of Directors

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's first commercial supplie...

2 months ago - Business Wire

D-Wave to Participate in 26th Annual Needham Growth Conference

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's first commercial supplie...

2 months ago - Business Wire

D-Wave Successfully Completes SOC 2 Type 2 Audit

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's first commercial supplie...

3 months ago - Business Wire

D-Wave Stands Ready To Support New U.S. Law Creating Pilot Program On Near-Term Quantum Computing Applications

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's first commercial supplie...

3 months ago - Business Wire

International Collaboration between VINCI Energies, QuantumBasel and D-Wave Improves Efficiency in HVAC System Design with Quantum Computing

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--A collaborative project leveraging quantum computing has taken an important step in the realm of sustainable building design. This initi...

3 months ago - Business Wire

D-Wave Demonstrates Error Mitigation on the Advantage2™ Prototype, Extending Coherent Annealing Range by an Order of Magnitude

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's first commercial supplie...

4 months ago - Business Wire

D-Wave Reports Third Quarter Results

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc., (NYSE: QBTS) (“D-Wave” or the “Company”) a leader in commercial quantum computing systems, software, and services, ...

5 months ago - Business Wire

D-Wave Supports New Congressional Legislation Designed to Expand U.S. Quantum Program

PALO ALTO, Calif. & BURNABY, British Columbia--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's first commercial supplie...

5 months ago - Business Wire

D-Wave and QuantumBasel Extend Agreement to Accelerate Commercial Adoption and Production Use of Quantum Technology in Europe

PALO ALTO, Calif. & BURNABY, British Columbia & BASEL, Switzerland--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's fir...

5 months ago - Business Wire