D-Wave Quantum Inc. (QBTS)
NYSE: QBTS · Real-Time Price · USD
25.52
+1.78 (7.50%)
At close: Dec 16, 2025, 4:00 PM EST
25.63
+0.11 (0.43%)
After-hours: Dec 16, 2025, 6:54 PM EST

D-Wave Quantum Statistics

Total Valuation

D-Wave Quantum has a market cap or net worth of $8.94 billion. The enterprise value is $8.14 billion.

Market Cap8.94B
Enterprise Value 8.14B

Important Dates

The last earnings date was Thursday, November 6, 2025, before market open.

Earnings Date Nov 6, 2025
Ex-Dividend Date n/a

Share Statistics

D-Wave Quantum has 350.12 million shares outstanding. The number of shares has increased by 68.07% in one year.

Current Share Class 346.72M
Shares Outstanding 350.12M
Shares Change (YoY) +68.07%
Shares Change (QoQ) +13.20%
Owned by Insiders (%) 1.29%
Owned by Institutions (%) 54.67%
Float 339.07M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 370.08
Forward PS 346.17
PB Ratio 13.17
P/TBV Ratio 13.34
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 337.09
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 54.68, with a Debt / Equity ratio of 0.06.

Current Ratio 54.68
Quick Ratio 54.19
Debt / Equity 0.06
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage -81.68

Financial Efficiency

Return on equity (ROE) is -122.03% and return on invested capital (ROIC) is -14.33%.

Return on Equity (ROE) -122.03%
Return on Assets (ROA) -11.71%
Return on Invested Capital (ROIC) -14.33%
Return on Capital Employed (ROCE) -10.09%
Revenue Per Employee $109,745
Profits Per Employee -$1.81M
Employee Count220
Asset Turnover 0.05
Inventory Turnover 1.75

Taxes

Income Tax n/a
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +410.40% in the last 52 weeks. The beta is 1.56, so D-Wave Quantum's price volatility has been higher than the market average.

Beta (5Y) 1.56
52-Week Price Change +410.40%
50-Day Moving Average 29.47
200-Day Moving Average 18.22
Relative Strength Index (RSI) 48.46
Average Volume (20 Days) 30,269,141

Short Selling Information

The latest short interest is 40.24 million, so 11.49% of the outstanding shares have been sold short.

Short Interest 40.24M
Short Previous Month 43.27M
Short % of Shares Out 11.49%
Short % of Float 11.87%
Short Ratio (days to cover) 1.06

Income Statement

In the last 12 months, D-Wave Quantum had revenue of $24.14 million and -$398.81 million in losses. Loss per share was -$1.37.

Revenue24.14M
Gross Profit 20.00M
Operating Income -85.76M
Pretax Income -398.81M
Net Income -398.81M
EBITDA -84.36M
EBIT -85.76M
Loss Per Share -$1.37
Full Income Statement

Balance Sheet

The company has $836.23 million in cash and $39.79 million in debt, giving a net cash position of $796.44 million or $2.27 per share.

Cash & Cash Equivalents 836.23M
Total Debt 39.79M
Net Cash 796.44M
Net Cash Per Share $2.27
Equity (Book Value) 670.55M
Book Value Per Share 1.94
Working Capital 832.63M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -$51.59 million and capital expenditures -$3.15 million, giving a free cash flow of -$54.75 million.

Operating Cash Flow -51.59M
Capital Expenditures -3.15M
Free Cash Flow -54.75M
FCF Per Share -$0.16
Full Cash Flow Statement

Margins

Gross Margin 82.82%
Operating Margin -355.21%
Pretax Margin -1,651.81%
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 -68.07%
Shareholder Yield -68.07%
Earnings Yield -4.46%
FCF Yield -0.61%

Analyst Forecast

The average price target for D-Wave Quantum is $31.23, which is 22.38% higher than the current price. The consensus rating is "Strong Buy".

Price Target $31.23
Price Target Difference 22.38%
Analyst Consensus Strong Buy
Analyst Count 13
Revenue Growth Forecast (5Y) 81.64%
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 8.71 and a Piotroski F-Score of 3.

Altman Z-Score 8.71
Piotroski F-Score 3