D-Wave Quantum Inc. (QBTS)

NYSE: QBTS · IEX Real-Time Price · USD
1.210
+0.030 (2.54%)
At close: Jul 12, 2024, 4:00 PM
1.200
-0.010 (-0.83%)
After-hours: Jul 12, 2024, 7:56 PM EDT
2.54%
Market Cap 152.92M
Revenue (ttm) 9.64M
Net Income (ttm) -75.62M
Shares Out 126.38M
EPS (ttm) -0.53
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 6,370,098
Open 1.210
Previous Close 1.180
Day's Range 1.150 - 1.245
52-Week Range 0.570 - 3.200
Beta 0.97
Analysts Strong Buy
Price Target 2.80 (+131.41%)
Earnings Date Aug 8, 2024

About QBTS

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a 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 developer community. It provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through ... [Read more]

Sector Technology
Founded 1999
Employees 200
Stock Exchange NYSE
Ticker Symbol QBTS
Full Company Profile

Financial Performance

In 2023, D-Wave Quantum's revenue was $8.76 million, an increase of 22.10% compared to the previous year's $7.17 million. Losses were -$82.72 million, 54.0% more than in 2022.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for QBTS stock is "Strong Buy." The 12-month stock price forecast is $2.8, which is an increase of 131.41% from the latest price.

Price Target
$2.8
(131.41% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

D-Wave's Quantum Workforce Development Initiative Sees Double-Digit Growth in 1H 2024

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 days ago - Business Wire

Zapata AI and D-Wave Quantum Announce Expanded Partnership to Accelerate Development and Delivery of Generative AI Platforms

BOSTON & PALO ALTO, Calif.--(BUSINESS WIRE)--Zapata Computing Holdings Inc. (“Zapata AI”) (Nasdaq: ZPTA), a leader in Industrial Generative AI software solutions, and D-Wave Quantum Inc. (NYSE: QBTS) ...

Other symbols: ZPTA
6 days ago - Business Wire

B.C. Provincial Government Officials Tour D-Wave's Quantum Engineering Center of Excellence Amid Growing Quantum Adoption and Upskilling

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 world's first commercia...

18 days ago - Business Wire

D-Wave Nominated as a GameChanger: Finalist for Technology Impact Award

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 world's first commercial...

20 days ago - Business Wire

Quantum Means Business: New Study Finds Organizations Expect Up to 20x ROI from Quantum Optimization Investments

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...

26 days ago - Business Wire

D-Wave to Deploy Second US-Based Advantage™ Quantum Computer at New Davidson Technologies Global Headquarters

PALO ALTO, Calif. & HUNTSVILLE, Ala.--(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...

27 days ago - Business Wire

D-Wave Introduces New Hybrid Quantum Solver at Qubits 2024 to Tackle Customers' Previously Intractable Workforce, Manufacturing, and Logistics Optimization Problems

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 supplie...

27 days ago - Business Wire

D-Wave Extends Agreement with Aramco Europe to Explore Quantum-Powered Optimization of Geophysical Problems

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, announced today that it has extended its agreement with A...

5 weeks ago - Business Wire

D-Wave Quantum Featured in Fireside Chat at Needham Technology, Media and Consumer Conference

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 supplie...

5 weeks ago - Business Wire

D-Wave Quantum Featured in The Wall Street Journal

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 supplie...

6 weeks ago - Business Wire

D-Wave Quantum Set to Join Russell 3000® Index

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 supplie...

6 weeks ago - Business Wire

D-Wave CEO Urges Leaders to Embrace an AI and Quantum Future Now in New Forbes Technology Council Column

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...

7 weeks ago - Business Wire

D-Wave to Present at Reuters Supply Chain USA 2024

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced it is participating in the upcoming Reut...

2 months ago - Business Wire

D-Wave and the University of Southern California Renew Multiyear Agreement to Advance Annealing Quantum Computing Research and Adoption

PALO ALTO, Calif. & LOS ANGELES--(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 comm...

2 months ago - Business Wire

D-Wave Reports First Quarter 2024 Results

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

2 months ago - Business Wire

D-Wave to Showcase Quantum Computing Advancements at 19th Annual Needham Technology, Media and Consumer Conference

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced its participation in the upcoming Needha...

2 months ago - Business Wire

Investors eye these 4 emerging quantum computing stocks for quick profits

Investments going into quantum computing have been on a rise recently especially since artificial intelligence remains the front and centre of all financial debates.  In fact, the United States alone ...

Other symbols: IONQRGTI
2 months ago - Invezz

D-Wave Quantum Inc. Announces Date for First Quarter Fiscal Year 2024 Earnings Call

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, today announced it will release its financial results fo...

2 months ago - Business Wire

D-Wave Introduces New Fast Anneal Feature, Extending Quantum Computing Performance Gains

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 supplie...

3 months ago - Business Wire

D-Wave's Qubits 2024 Quantum Computing Conference Announced for June 17-18 in Boston

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum comp...

3 months ago - Business Wire

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, ...

3 months 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...

4 months 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...

4 months 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...

4 months 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...

4 months ago - Business Wire