D-Wave Quantum Inc. (QBTS)
NYSE: QBTS · Real-Time Price · USD
30.14
+0.65 (2.20%)
At close: May 29, 2026, 4:00 PM EDT
29.80
-0.34 (-1.13%)
After-hours: May 29, 2026, 7:59 PM EDT

D-Wave Quantum Statistics

Total Valuation

D-Wave Quantum has a market cap or net worth of $11.15 billion. The enterprise value is $10.61 billion.

Market Cap11.15B
Enterprise Value 10.61B

Important Dates

The last earnings date was Tuesday, May 12, 2026, before market open.

Earnings Date May 12, 2026
Ex-Dividend Date n/a

Share Statistics

D-Wave Quantum has 369.91 million shares outstanding. The number of shares has increased by 52.84% in one year.

Current Share Class 366.74M
Shares Outstanding 369.91M
Shares Change (YoY) +52.84%
Shares Change (QoQ) +4.12%
Owned by Insiders (%) 1.40%
Owned by Institutions (%) 48.15%
Float 358.43M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 895.95
Forward PS 209.18
PB Ratio 9.92
P/TBV Ratio 19.68
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 852.43
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 21.41, with a Debt / Equity ratio of 0.04.

Current Ratio 21.41
Quick Ratio 21.13
Debt / Equity 0.04
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage -35.54

Financial Efficiency

Return on equity (ROE) is -55.27% and return on invested capital (ROIC) is -12.69%.

Return on Equity (ROE) -55.27%
Return on Assets (ROA) -11.78%
Return on Invested Capital (ROIC) -12.69%
Return on Capital Employed (ROCE) -12.28%
Weighted Average Cost of Capital (WACC) 14.91%
Revenue Per Employee $32,072
Profits Per Employee -$948,448
Employee Count388
Asset Turnover 0.02
Inventory Turnover 1.82

Taxes

Income Tax -28.45M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has increased by +71.74% in the last 52 weeks. The beta is 1.94, so D-Wave Quantum's price volatility has been higher than the market average.

Beta (5Y) 1.94
52-Week Price Change +71.74%
50-Day Moving Average 19.51
200-Day Moving Average 23.20
Relative Strength Index (RSI) 68.33
Average Volume (20 Days) 40,476,148

Short Selling Information

The latest short interest is 52.22 million, so 14.12% of the outstanding shares have been sold short.

Short Interest 52.22M
Short Previous Month 58.77M
Short % of Shares Out 14.12%
Short % of Float 14.57%
Short Ratio (days to cover) 1.68

Income Statement

In the last 12 months, D-Wave Quantum had revenue of $12.44 million and -$368.00 million in losses. Loss per share was -$1.08.

Revenue12.44M
Gross Profit 8.25M
Operating Income -143.80M
Pretax Income -396.45M
Net Income -368.00M
EBITDA -138.81M
EBIT -143.80M
Loss Per Share -$1.08
Full Income Statement

Balance Sheet

The company has $588.40 million in cash and $46.82 million in debt, with a net cash position of $541.58 million or $1.46 per share.

Cash & Cash Equivalents 588.40M
Total Debt 46.82M
Net Cash 541.58M
Net Cash Per Share $1.46
Equity (Book Value) 1.12B
Book Value Per Share 3.04
Working Capital 578.75M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -$97.66 million and capital expenditures -$4.51 million, giving a free cash flow of -$102.17 million.

Operating Cash Flow -97.66M
Capital Expenditures -4.51M
Depreciation & Amortization 4.99M
Net Borrowing -30,000
Free Cash Flow -102.17M
FCF Per Share -$0.28
Full Cash Flow Statement

Margins

Gross Margin 66.27%
Operating Margin -1,155.61%
Pretax Margin -3,185.87%
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 -52.84%
Shareholder Yield -52.84%
Earnings Yield -3.30%
FCF Yield -0.92%

Analyst Forecast

The average price target for D-Wave Quantum is $35.17, which is 16.69% higher than the current price. The consensus rating is "Strong Buy".

Price Target $35.17
Price Target Difference 16.69%
Analyst Consensus Strong Buy
Analyst Count 15
Revenue Growth Forecast (5Y) 78.93%
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 53.37 and a Piotroski F-Score of 2.

Altman Z-Score 53.37
Piotroski F-Score 2