D-Wave Quantum Inc. (QBTS)
NASDAQ: QBTS · Real-Time Price · USD
12.09
+0.31 (2.63%)
Oct 21, 2026, 3:36 PM EDT - Market open

D-Wave Quantum Statistics

Total Valuation

D-Wave Quantum has a market cap or net worth of $4.50 billion. The enterprise value is $4.00 billion.

Market Cap4.50B
Enterprise Value 4.00B

Important Dates

The next estimated earnings date is Thursday, November 5, 2026, before market open.

Earnings Date Nov 5, 2026
Ex-Dividend Date n/a

Share Statistics

D-Wave Quantum has 372.44 million shares outstanding. The number of shares has increased by 40.09% in one year.

Current Share Class 369.26M
Shares Outstanding 372.44M
Shares Change (YoY) +40.09%
Shares Change (QoQ) +0.92%
Owned by Insiders (%) 1.13%
Owned by Institutions (%) 54.51%
Float 361.92M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 360.90
Forward PS 68.89
PB Ratio 4.05
P/TBV Ratio 8.48
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 320.81
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 20.55, with a Debt / Equity ratio of 0.04.

Current Ratio 20.55
Quick Ratio 20.20
Debt / Equity 0.04
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage -41.66

Financial Efficiency

Return on equity (ROE) is -27.98% and return on invested capital (ROIC) is -11.43%.

Return on Equity (ROE) -27.98%
Return on Assets (ROA) -10.65%
Return on Invested Capital (ROIC) -11.43%
Return on Capital Employed (ROCE) -15.08%
Weighted Average Cost of Capital (WACC) 16.07%
Revenue Per Employee $32,023
Profits Per Employee -$640,972
Employee Count388
Asset Turnover 0.01
Inventory Turnover 1.50

Taxes

Income Tax -28.44M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has decreased by -64.83% in the last 52 weeks. The beta is 2.17, so D-Wave Quantum's price volatility has been higher than the market average.

Beta (5Y) 2.17
52-Week Price Change -64.83%
50-Day Moving Average 16.65
200-Day Moving Average 19.92
Relative Strength Index (RSI) 30.04
Average Volume (20 Days) 15,117,428

Short Selling Information

The latest short interest is 70.89 million, so 19.03% of the outstanding shares have been sold short.

Short Interest 70.89M
Short Previous Month 71.47M
Short % of Shares Out 19.03%
Short % of Float 19.59%
Short Ratio (days to cover) 4.53

Income Statement

In the last 12 months, D-Wave Quantum had revenue of $12.43 million and -$248.70 million in losses. Loss per share was -$0.69.

Revenue12.43M
Gross Profit 7.98M
Operating Income -170.58M
Pretax Income -277.14M
Net Income -248.70M
EBITDA -161.20M
EBIT -170.58M
Loss Per Share -$0.69
Full Income Statement

Balance Sheet

The company has $546.22 million in cash and $48.11 million in debt, with a net cash position of $498.11 million or $1.34 per share.

Cash & Cash Equivalents 546.22M
Total Debt 48.11M
Net Cash 498.11M
Net Cash Per Share $1.34
Equity (Book Value) 1.08B
Book Value Per Share 2.91
Working Capital 533.31M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -$110.88 million and capital expenditures -$8.20 million, giving a free cash flow of -$119.08 million.

Operating Cash Flow -110.88M
Capital Expenditures -8.20M
Depreciation & Amortization 9.39M
Net Borrowing 300,000
Free Cash Flow -119.08M
FCF Per Share -$0.32
Full Cash Flow Statement

Margins

Gross Margin 64.19%
Operating Margin -1,372.88%
Pretax Margin -2,230.51%
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
FCF Payout Ratio n/a
Buyback Yield -40.09%
Shareholder Yield -40.09%
Earnings Yield -5.55%
FCF Yield -2.66%

Analyst Forecast

The average price target for D-Wave Quantum is $34.65, which is 186.60% higher than the current price. The consensus rating is "Strong Buy".

Price Target $34.65
Price Target Difference 186.60%
Analyst Consensus Strong Buy
Analyst Count 17
Revenue Growth Forecast (3Y) 82.04%
EPS Growth Forecast (3Y) 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 62.43 and a Piotroski F-Score of 1.

Altman Z-Score 62.43
Piotroski F-Score 1