D-Wave Quantum Inc. (QBTS)
NYSE: QBTS · Real-Time Price · USD
20.41
-0.10 (-0.49%)
At close: Nov 21, 2025, 4:00 PM EST
20.68
+0.27 (1.32%)
After-hours: Nov 21, 2025, 7:59 PM EST

D-Wave Quantum Statistics

Total Valuation

D-Wave Quantum has a market cap or net worth of $7.15 billion. The enterprise value is $6.35 billion.

Market Cap7.15B
Enterprise Value 6.35B

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 (%) 1.30%
Owned by Institutions (%) 55.09%
Float 339.05M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 246.17
Forward PS 274.29
PB Ratio 10.53
P/TBV Ratio 10.67
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 262.99
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 +1,122.16% in the last 52 weeks. The beta is 1.52, so D-Wave Quantum's price volatility has been higher than the market average.

Beta (5Y) 1.52
52-Week Price Change +1,122.16%
50-Day Moving Average 29.77
200-Day Moving Average 16.70
Relative Strength Index (RSI) 33.61
Average Volume (20 Days) 42,860,973

Short Selling Information

The latest short interest is 43.27 million, so 12.36% of the outstanding shares have been sold short.

Short Interest 43.27M
Short Previous Month 55.70M
Short % of Shares Out 12.36%
Short % of Float 12.76%
Short Ratio (days to cover) 0.66

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 -5.58%
FCF Yield -0.77%

Analyst Forecast

The average price target for D-Wave Quantum is $27.36, which is 34.05% higher than the current price. The consensus rating is "Strong Buy".

Price Target $27.36
Price Target Difference 34.05%
Analyst Consensus Strong Buy
Analyst Count 11
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 8.71 and a Piotroski F-Score of 3.

Altman Z-Score 8.71
Piotroski F-Score 3