D-Wave Quantum Inc. (QBTS)
NASDAQ: QBTS · Real-Time Price · USD
10.46
-1.01 (-8.81%)
At close: Nov 10, 2026, 4:00 PM EST
10.39
-0.07 (-0.67%)
After-hours: Nov 10, 2026, 4:07 PM EST

D-Wave Quantum Statistics

Total Valuation

D-Wave Quantum has a market cap or net worth of $3.90 billion. The enterprise value is $3.45 billion.

Market Cap3.90B
Enterprise Value 3.45B

Important Dates

The next confirmed earnings date is Tuesday, November 10, 2026, before market open.

Earnings Date Nov 10, 2026
Ex-Dividend Date n/a

Share Statistics

D-Wave Quantum has 372.44 million shares outstanding. The number of shares has increased by 25.84% in one year.

Current Share Class 369.26M
Shares Outstanding 372.44M
Shares Change (YoY) +25.84%
Shares Change (QoQ) +0.88%
Owned by Insiders (%) 1.13%
Owned by Institutions (%) 53.66%
Float 361.92M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 290.50
Forward PS 46.44
PB Ratio 3.94
P/TBV Ratio 7.89
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 256.67
EV / EBITDA n/a
EV / EBIT n/a
EV / FCF n/a

Financial Position

The company has a current ratio of 17.31, with a Debt / Equity ratio of 0.05.

Current Ratio 17.31
Quick Ratio 16.73
Debt / Equity 0.05
Debt / EBITDA n/a
Debt / FCF n/a
Interest Coverage -46.26

Financial Efficiency

Return on equity (ROE) is -18.38% and return on invested capital (ROIC) is -13.60%.

Return on Equity (ROE) -18.38%
Return on Assets (ROA) -12.34%
Return on Invested Capital (ROIC) -13.60%
Return on Capital Employed (ROCE) -17.96%
Weighted Average Cost of Capital (WACC) 16.93%
Revenue Per Employee $34,018
Profits Per Employee -$404,402
Employee Count388
Asset Turnover 0.01
Inventory Turnover 1.20

Taxes

Income Tax -28.51M
Effective Tax Rate n/a

Stock Price Statistics

The stock price has decreased by -65.19% in the last 52 weeks. The beta is 2.34, so D-Wave Quantum's price volatility has been higher than the market average.

Beta (5Y) 2.34
52-Week Price Change -65.19%
50-Day Moving Average 14.33
200-Day Moving Average 18.71
Relative Strength Index (RSI) 38.34
Average Volume (20 Days) 15,908,067

Short Selling Information

The latest short interest is 79.11 million, so 21.24% of the outstanding shares have been sold short.

Short Interest 79.11M
Short Previous Month 70.89M
Short % of Shares Out 21.24%
Short % of Float 21.86%
Short Ratio (days to cover) 4.86

Income Statement

In the last 12 months, D-Wave Quantum had revenue of $13.20 million and -$156.91 million in losses. Loss per share was -$0.43.

Revenue13.20M
Gross Profit 7.69M
Operating Income -196.33M
Pretax Income -185.42M
Net Income -156.91M
EBITDA -182.36M
EBIT -196.33M
Loss Per Share -$0.43
Full Income Statement

Balance Sheet

The company has $503.36 million in cash and $56.88 million in debt, with a net cash position of $446.48 million or $1.20 per share.

Cash & Cash Equivalents 503.36M
Total Debt 56.88M
Net Cash 446.48M
Net Cash Per Share $1.20
Equity (Book Value) 1.04B
Book Value Per Share 2.77
Working Capital 494.17M
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was -$127.40 million and capital expenditures -$14.62 million, giving a free cash flow of -$142.01 million.

Operating Cash Flow -127.40M
Capital Expenditures -14.62M
Depreciation & Amortization 13.96M
Net Borrowing 6.93M
Free Cash Flow -142.01M
FCF Per Share -$0.38
Full Cash Flow Statement

Margins

Gross Margin 58.28%
Operating Margin -1,487.43%
Pretax Margin -1,404.80%
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 -25.84%
Shareholder Yield -25.84%
Earnings Yield -4.09%
FCF Yield -3.70%

Analyst Forecast

The average price target for D-Wave Quantum is $33.21, which is 217.50% higher than the current price. The consensus rating is "Strong Buy".

Price Target $33.21
Price Target Difference 217.50%
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
Graham Formula Value n/a
Graham Formula 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 55.88 and a Piotroski F-Score of 1.

Altman Z-Score 55.88
Piotroski F-Score 1