D-Wave Quantum Inc. (QBTS)
NYSE: QBTS · Real-Time Price · USD
26.88
+2.86 (11.91%)
At close: Sep 19, 2025, 4:00 PM EDT
26.78
-0.10 (-0.37%)
After-hours: Sep 19, 2025, 7:59 PM EDT

D-Wave Quantum Statistics

Total Valuation

D-Wave Quantum has a market cap or net worth of $9.19 billion. The enterprise value is $8.41 billion.

Market Cap9.19B
Enterprise Value 8.41B

Important Dates

The next estimated earnings date is Thursday, November 13, 2025, before market open.

Earnings Date Nov 13, 2025
Ex-Dividend Date n/a

Share Statistics

D-Wave Quantum has 342.02 million shares outstanding. The number of shares has increased by 61.26% in one year.

Current Share Class 338.61M
Shares Outstanding 342.02M
Shares Change (YoY) +61.26%
Shares Change (QoQ) +5.54%
Owned by Insiders (%) 1.21%
Owned by Institutions (%) 48.90%
Float 331.70M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 412.73
Forward PS 493.40
PB Ratio 13.16
P/TBV Ratio 13.25
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 377.74
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 42.99, with a Debt / Equity ratio of 0.06.

Current Ratio 42.99
Quick Ratio 42.64
Debt / Equity 0.06
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage -38.77

Financial Efficiency

Return on equity (ROE) is -83.70% and return on invested capital (ROIC) is -12.52%.

Return on Equity (ROE) -83.70%
Return on Assets (ROA) -10.86%
Return on Invested Capital (ROIC) -12.52%
Return on Capital Employed (ROCE) -9.54%
Revenue Per Employee $101,250
Profits Per Employee -$1.28M
Employee Count220
Asset Turnover 0.05
Inventory Turnover 1.71

Taxes

Income Tax n/a
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +2,683.76% in the last 52 weeks. The beta is 1.38, so D-Wave Quantum's price volatility has been higher than the market average.

Beta (5Y) 1.38
52-Week Price Change +2,683.76%
50-Day Moving Average 17.38
200-Day Moving Average 11.23
Relative Strength Index (RSI) 85.52
Average Volume (20 Days) 42,764,903

Short Selling Information

The latest short interest is 65.75 million, so 19.22% of the outstanding shares have been sold short.

Short Interest 65.75M
Short Previous Month 57.65M
Short % of Shares Out 19.22%
Short % of Float 19.82%
Short Ratio (days to cover) 1.78

Income Statement

In the last 12 months, D-Wave Quantum had revenue of $22.28 million and -$281.54 million in losses. Loss per share was -$1.10.

Revenue22.28M
Gross Profit 18.37M
Operating Income -78.66M
Pretax Income -131.99M
Net Income -281.54M
EBITDA -77.35M
EBIT -78.66M
Loss Per Share -$1.10
Full Income Statement

Balance Sheet

The company has $819.31 million in cash and $39.98 million in debt, giving a net cash position of $779.33 million or $2.28 per share.

Cash & Cash Equivalents 819.31M
Total Debt 39.98M
Net Cash 779.33M
Net Cash Per Share $2.28
Equity (Book Value) 694.25M
Book Value Per Share 2.04
Working Capital 809.27M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -$50.62 million and capital expenditures -$2.44 million, giving a free cash flow of -$53.06 million.

Operating Cash Flow -50.62M
Capital Expenditures -2.44M
Free Cash Flow -53.06M
FCF Per Share -$0.16
Full Cash Flow Statement

Margins

Gross Margin 82.46%
Operating Margin -353.14%
Pretax Margin -1,263.92%
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 -61.26%
Shareholder Yield -61.26%
Earnings Yield -3.06%
FCF Yield -0.58%

Analyst Forecast

The average price target for D-Wave Quantum is $19.40, which is -27.83% lower than the current price. The consensus rating is "Strong Buy".

Price Target $19.40
Price Target Difference -27.83%
Analyst Consensus Strong Buy
Analyst Count 10
Revenue Growth Forecast (5Y) 91.86%
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 5.81 and a Piotroski F-Score of 3.

Altman Z-Score 5.81
Piotroski F-Score 3