D-Wave Quantum Inc. (QBTS)

D-Wave Quantum Statistics

Total Valuation

D-Wave Quantum has a market cap or net worth of $4.80 billion. The enterprise value is $3.96 billion.

Market Cap	4.80B
Enterprise Value	3.96B

Important Dates

The next estimated earnings date is Thursday, May 7, 2026, before market open.

Earnings Date	May 7, 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 (%)	46.60%
Float	360.02M

Valuation Ratios

PE Ratio	n/a
Forward PE	n/a
PS Ratio	195.29
Forward PS	107.23
PB Ratio	5.46
P/TBV Ratio	5.64
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	161.08
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)	13.30%
Revenue Per Employee	$63,369
Profits Per Employee	-$915,108
Employee Count	388
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 +71.24% 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	+71.24%
50-Day Moving Average	19.64
200-Day Moving Average	22.44
Relative Strength Index (RSI)	24.72
Average Volume (20 Days)	21,932,436

Short Selling Information

The latest short interest is 54.36 million, so 14.69% of the outstanding shares have been sold short.

Short Interest	54.36M
Short Previous Month	52.69M
Short % of Shares Out	14.69%
Short % of Float	15.10%
Short Ratio (days to cover)	2.27

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.

Revenue	24.59M
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

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

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
Depreciation & Amortization	1.56M
Net Borrowing	4,000
Free Cash Flow	-75.84M
FCF Per Share	-$0.21

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	-7.39%
FCF Yield	-1.58%

Analyst Forecast

The average price target for D-Wave Quantum is $32.53, which is 150.62% higher than the current price. The consensus rating is "Strong Buy".

Price Target	$32.53
Price Target Difference	150.62%
Analyst Consensus	Strong Buy
Analyst Count	15
Revenue Growth Forecast (5Y)	78.93%
EPS Growth Forecast (5Y)	n/a

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