D-Wave Quantum Inc. (QBTS)
NYSE: QBTS · Real-Time Price · USD
19.04
+0.45 (2.42%)
At close: Mar 9, 2026, 4:00 PM EDT
18.80
-0.24 (-1.26%)
After-hours: Mar 9, 2026, 7:59 PM EDT

D-Wave Quantum Statistics

Total Valuation

D-Wave Quantum has a market cap or net worth of $7.04 billion. The enterprise value is $6.20 billion.

Market Cap7.04B
Enterprise Value 6.20B

Important Dates

The last earnings date was Thursday, February 26, 2026, before market open.

Earnings Date Feb 26, 2026
Ex-Dividend Date n/a

Share Statistics

D-Wave Quantum has 369.91 million shares outstanding. The number of shares has increased by 67.18% in one year.

Current Share Class 366.74M
Shares Outstanding 369.91M
Shares Change (YoY) +67.18%
Shares Change (QoQ) +3.13%
Owned by Insiders (%) 0.97%
Owned by Institutions (%) 46.62%
Float 360.02M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 286.46
Forward PS 178.81
PB Ratio 8.01
P/TBV Ratio 8.27
P/FCF Ratio n/a
P/OCF Ratio n/a
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

EV / Earnings n/a
EV / Sales 252.25
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 42.38, with a Debt / Equity ratio of 0.05.

Current Ratio 42.38
Quick Ratio 42.04
Debt / Equity 0.05
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage -25.01

Financial Efficiency

Return on equity (ROE) is -77.62% and return on invested capital (ROIC) is -12.59%.

Return on Equity (ROE) -77.62%
Return on Assets (ROA) -11.25%
Return on Invested Capital (ROIC) -12.59%
Return on Capital Employed (ROCE) -11.22%
Weighted Average Cost of Capital (WACC) 13.32%
Revenue Per Employee $63,369
Profits Per Employee -$915,108
Employee Count388
Asset Turnover 0.04
Inventory Turnover 1.92

Taxes

Income Tax n/a
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +267.57% in the last 52 weeks. The beta is 1.66, so D-Wave Quantum's price volatility has been higher than the market average.

Beta (5Y) 1.66
52-Week Price Change +267.57%
50-Day Moving Average 23.23
200-Day Moving Average 22.50
Relative Strength Index (RSI) 44.30
Average Volume (20 Days) 24,327,097

Short Selling Information

The latest short interest is 52.69 million, so 14.24% of the outstanding shares have been sold short.

Short Interest 52.69M
Short Previous Month 46.86M
Short % of Shares Out 14.24%
Short % of Float 14.64%
Short Ratio (days to cover) 1.55

Income Statement

In the last 12 months, D-Wave Quantum had revenue of $24.59 million and -$355.06 million in losses. Loss per share was -$1.11.

Revenue24.59M
Gross Profit 20.31M
Operating Income -100.37M
Pretax Income -355.06M
Net Income -355.06M
EBITDA -98.81M
EBIT -100.37M
Loss Per Share -$1.11
Full Income Statement

Balance Sheet

The company has $884.48 million in cash and $43.46 million in debt, with a net cash position of $841.02 million or $2.27 per share.

Cash & Cash Equivalents 884.48M
Total Debt 43.46M
Net Cash 841.02M
Net Cash Per Share $2.27
Equity (Book Value) 852.23M
Book Value Per Share 2.38
Working Capital 875.08M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -$71.98 million and capital expenditures -$3.86 million, giving a free cash flow of -$75.84 million.

Operating Cash Flow -71.98M
Capital Expenditures -3.86M
Free Cash Flow -75.84M
FCF Per Share -$0.21
Full Cash Flow Statement

Margins

Gross Margin 82.59%
Operating Margin -408.22%
Pretax Margin -1,444.10%
Profit Margin n/a
EBITDA Margin n/a
EBIT Margin n/a
FCF Margin n/a

Dividends & Yields

D-Wave Quantum does not appear to pay any dividends at this time.

Dividend Per Share n/a
Dividend Yield n/a
Dividend Growth (YoY) n/a
Years of Dividend Growth n/a
Payout Ratio n/a
Buyback Yield -67.18%
Shareholder Yield -67.18%
Earnings Yield -5.04%
FCF Yield -1.08%

Analyst Forecast

The average price target for D-Wave Quantum is $32.53, which is 70.85% higher than the current price. The consensus rating is "Strong Buy".

Price Target $32.53
Price Target Difference 70.85%
Analyst Consensus Strong Buy
Analyst Count 15
Revenue Growth Forecast (5Y) 78.93%
EPS Growth Forecast (5Y) n/a
Stock Forecasts

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value n/a
Lynch Upside n/a
Graham Number n/a
Graham Upside n/a

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

D-Wave Quantum has an Altman Z-Score of 50.73 and a Piotroski F-Score of 3.

Altman Z-Score 50.73
Piotroski F-Score 3