D-Wave Quantum Inc. (QBTS)
NASDAQ: QBTS · Real-Time Price · USD
19.53
-1.34 (-6.42%)
At close: Aug 18, 2026, 4:00 PM EDT
19.51
-0.02 (-0.10%)
Pre-market: Aug 19, 2026, 5:02 AM EDT

D-Wave Quantum Statistics

Total Valuation

D-Wave Quantum has a market cap or net worth of $7.27 billion. The enterprise value is $6.78 billion.

Market Cap7.27B
Enterprise Value 6.78B

Important Dates

The last earnings date was Thursday, August 6, 2026, before market open.

Earnings Date Aug 6, 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 (%) 1.04%
Owned by Institutions (%) 54.05%
Float 362.27M

Valuation Ratios

PE Ratio n/a
Forward PE n/a
PS Ratio 585.41
Forward PS 110.89
PB Ratio 6.71
P/TBV Ratio 13.76
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 545.32
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) 16.09%
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 increased by +14.82% in the last 52 weeks. The beta is 2.16, so D-Wave Quantum's price volatility has been higher than the market average.

Beta (5Y) 2.16
52-Week Price Change +14.82%
50-Day Moving Average 20.90
200-Day Moving Average 22.25
Relative Strength Index (RSI) 47.76
Average Volume (20 Days) 18,061,407

Short Selling Information

The latest short interest is 65.91 million, so 17.70% of the outstanding shares have been sold short.

Short Interest 65.91M
Short Previous Month 63.22M
Short % of Shares Out 17.70%
Short % of Float 18.20%
Short Ratio (days to cover) 3.48

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
Buyback Yield -40.09%
Shareholder Yield -40.09%
Earnings Yield -3.42%
FCF Yield -1.64%

Analyst Forecast

The average price target for D-Wave Quantum is $35.25, which is 80.49% higher than the current price. The consensus rating is "Strong Buy".

Price Target $35.25
Price Target Difference 80.49%
Analyst Consensus Strong Buy
Analyst Count 16
Revenue Growth Forecast (3Y) 81.79%
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