QBTS
D-Wave Quantum Inc. NYSE Listed Dec 11, 2020$21.90
After hrs
$22.08
+0.82%
Mkt Cap $8.0B
52w Low $12.75
26.9% of range
52w High $46.75
50d MA $23.08
200d MA $23.99
P/E (TTM)
—
EV/EBITDA
—
P/B
8.2x
Debt/Equity
0.0x
ROE
-41.7%
P/FCF
-97.3x
RSI (14)
38.70
ATR (14)
$2.35
Beta
1.77
50d MA
$23.08
200d MA
$23.99
Avg Volume
41.0M
D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Launch, a quantum computing onboarding service; Ocean a full suite of open-source programming tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through in-production application deployment. The company's quantum solutions are used in artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. It serves manufacturing and logistics, financial services, life sciences, and other industries. D-Wave Quantum Inc. is based in Burnaby, Canada.
3033 Beta Avenue · Palo Alto, BC V5G 4M9 · CA
| Date | Time | Est | Rptd | Surp | Base | Gap% | D1% | D2% | D3% | D4% | D5% | Guide ▲★ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| May 12, 2026 | BMO | -0.08 | -0.03 | +64.8% | 24.03 | -6.7% | -7.0% | -4.1% | +3.2% | -8.0% | -6.3% | — |
| Feb 26, 2026 | BMO | -0.05 | -0.12 | -140.0% | 20.14 | -3.6% | -6.8% | +0.9% | -3.7% | +3.7% | -0.4% | — |
| Nov 6, 2025 | BMO | -0.07 | -0.41 | -525.1% | 28.39 | -3.4% | +3.9% | -0.4% | -1.3% | -8.9% | -11.4% | — |
| Aug 7, 2025 | BMO | -0.06 | -0.55 | -816.7% | 17.17 | -0.2% | -1.6% | +2.8% | +6.6% | +0.8% | -2.5% | — |
| May 8, 2025 | BMO | -0.05 | -0.02 | +60.0% | 10.42 | -5.5% | +6.4% | -3.3% | +0.1% | +3.3% | -0.5% | — |
| Mar 13, 2025 | BMO | -0.09 | -0.37 | -311.1% | 6.91 | +11.4% | +46.9% | +10.1% | -3.4% | -1.9% | -18.0% | — |
| Nov 14, 2024 | BMO | -0.08 | -0.08 | +0.0% | 1.87 | -1.6% | -12.3% | -12.2% | +3.5% | +12.1% | +18.0% | — |
| Aug 8, 2024 | BMO | -0.09 | -0.09 | +0.0% | 0.80 | +3.8% | +5.3% | +4.6% | +7.6% | -5.2% | +4.5% | — |
| May 13, 2024 | BMO | -0.09 | -0.12 | -33.3% | 1.37 | +2.9% | +2.2% | -5.0% | -3.0% | +0.8% | +0.8% | — |
| Mar 28, 2024 | BMO | -0.10 | -0.10 | +0.0% | 2.04 | -0.5% | -2.5% | -7.5% | +7.1% | +1.5% | -6.0% | — |
| Mar 15, 2024 | AMC | — | -0.21 | — | 2.08 | +2.9% | +13.0% | -7.7% | -5.5% | -7.3% | +2.1% | — |
| Nov 9, 2023 | BMO | -0.14 | -0.11 | +21.4% | 0.71 | +2.6% | +1.2% | +0.9% | +12.9% | +9.1% | +2.1% | — |
| Aug 10, 2023 | BMO | -0.13 | -0.20 | -53.8% | 1.69 | -2.4% | -12.4% | -2.0% | +9.7% | -5.7% | -8.0% | — |
| May 19, 2023 | AMC | -0.12 | -0.20 | -66.7% | 0.48 | +4.1% | +110.7% | -1.0% | +8.9% | +13.6% | +33.6% | — |
| Date | Firm | Action | Grade | Target | Base | Open | Gap% | D1% | D2% | D3% | D4% | D5% |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2 | Roth Capital | Reiterates | Buy | $40 | $29.18 | $29.41 | +0.8% | +2.5% | -7.9% | +0.3% | -13.7% | +8.3% |
| Feb 27 | Mizuho | Maintains | Outperform → Outperform | — | $20.14 | $19.42 | -3.6% | -6.8% | +0.9% | -3.7% | +3.7% | -0.4% |
| Feb 27 | Evercore ISI | Maintains | Outperform → Outperform | — | $20.14 | $19.42 | -3.6% | -6.8% | +0.9% | -3.7% | +3.7% | -0.4% |
| Feb 27 | Roth Capital | Maintains | Buy → Buy | — | $20.14 | $19.42 | -3.6% | -6.8% | +0.9% | -3.7% | +3.7% | -0.4% |
| Feb 26 | Needham | Maintains | Buy → Buy | — | $19.65 | $20.67 | +5.2% | +2.5% | -6.8% | +0.9% | -3.7% | +3.7% |
| Jan 29 | Needham | Maintains | Buy → Buy | — | $24.97 | $24.50 | -1.9% | -7.0% | -8.6% | -1.2% | +2.1% | -6.0% |
| Jan 28 | Rosenblatt | Maintains | Buy → Buy | — | $24.69 | $24.75 | +0.2% | +1.1% | -7.0% | -8.6% | -1.2% | +2.1% |
| Jan 23 | Benchmark | Maintains | Buy → Buy | — | $27.43 | $26.95 | -1.7% | -6.6% | -7.3% | +4.0% | +1.1% | -7.0% |
| Jan 22 | Needham | Maintains | Buy → Buy | — | $26.04 | $26.62 | +2.2% | +5.3% | -6.6% | -7.3% | +4.0% | +1.1% |
| Jan 8 | Rosenblatt | Maintains | Buy → Buy | — | $30.20 | $29.87 | -1.1% | -3.0% | -4.0% | +2.5% | +0.1% | +4.6% |
| Jan 7 | Rosenblatt | Maintains | Buy → Buy | — | $31.27 | $31.10 | -0.5% | -3.4% | -3.0% | -4.0% | +2.5% | +0.1% |
| Nov 10 | Benchmark | Maintains | Buy → Buy | — | $29.50 | $30.11 | +2.1% | -0.4% | -1.3% | -8.9% | -11.4% | +0.9% |
| Nov 7 | Cantor Fitzgerald | Maintains | Overweight → Overweight | — | $28.39 | $27.43 | -3.4% | +3.9% | -0.4% | -1.3% | -8.9% | -11.4% |
| Nov 7 | Rosenblatt | Maintains | Buy → Buy | — | $28.39 | $27.43 | -3.4% | +3.9% | -0.4% | -1.3% | -8.9% | -11.4% |
| Nov 7 | Canaccord Genuity | Maintains | Buy → Buy | — | $28.39 | $27.43 | -3.4% | +3.9% | -0.4% | -1.3% | -8.9% | -11.4% |
| Sep 22 | B. Riley Securities | Maintains | Buy → Buy | — | $26.88 | $24.49 | -8.9% | -4.5% | +7.2% | +0.7% | -5.0% | +1.6% |
| Aug 8 | Piper Sandler | Maintains | Overweight → Overweight | — | $17.17 | $17.13 | -0.2% | -1.6% | +2.8% | +6.6% | +0.8% | -2.5% |
| Aug 4 | Benchmark | Maintains | Buy → Buy | — | $16.38 | $16.76 | +2.3% | +4.9% | +6.5% | -3.9% | -2.3% | -1.6% |
| Jul 23 | B. Riley Securities | Maintains | Buy → Buy | — | $17.59 | $18.30 | +4.0% | +15.4% | -2.7% | -4.5% | -2.8% | -3.7% |
| Jun 18 | B. Riley Securities | Maintains | Buy → Buy | — | $15.55 | $15.74 | +1.2% | +1.0% | -0.4% | -4.5% | +0.2% | -5.3% |
| Jun 18 | Benchmark | Maintains | Buy → Buy | — | $15.55 | $15.74 | +1.2% | +1.0% | -0.4% | -4.5% | +0.2% | -5.3% |
| Jun 17 | Benchmark | Maintains | Buy → Buy | — | $16.00 | $15.99 | -0.1% | -2.8% | +1.0% | -0.4% | -4.5% | +0.2% |
| Jun 13 | Roth Capital | Maintains | Buy → Buy | — | $15.88 | $15.34 | -3.4% | -4.5% | +5.5% | -2.8% | +1.0% | -0.4% |
| May 21 | B. Riley Securities | Maintains | Buy → Buy | — | $16.56 | $17.30 | +4.5% | -7.2% | +24.0% | -1.3% | -6.6% | +0.0% |
| May 12 | Benchmark | Maintains | Buy → Buy | — | $11.09 | $11.79 | +6.3% | -3.3% | +0.1% | +3.3% | -0.5% | +11.1% |
| May 9 | Needham | Maintains | Buy → Buy | — | $10.42 | $9.85 | -5.5% | +6.4% | -3.3% | +0.1% | +3.3% | -0.5% |
| May 9 | Craig-Hallum | Maintains | Buy → Buy | — | $10.42 | $9.85 | -5.5% | +6.4% | -3.3% | +0.1% | +3.3% | -0.5% |
| Apr 2 | Needham | Maintains | Buy → Buy | — | $7.42 | $7.27 | -2.0% | -1.1% | -2.5% | -11.5% | +4.1% | -5.8% |
| Mar 14 | Benchmark | Maintains | Buy → Buy | — | $6.91 | $7.70 | +11.4% | +46.9% | +10.1% | -3.4% | -1.9% | -18.0% |
| Mar 14 | B. Riley Securities | Maintains | Buy → Buy | — | $6.91 | $7.70 | +11.4% | +46.9% | +10.1% | -3.4% | -1.9% | -18.0% |
| Mar 14 | Needham | Maintains | Buy → Buy | — | $6.91 | $7.70 | +11.4% | +46.9% | +10.1% | -3.4% | -1.9% | -18.0% |
| Mar 14 | Roth MKM | Maintains | Buy → Buy | — | $6.91 | $7.70 | +11.4% | +46.9% | +10.1% | -3.4% | -1.9% | -18.0% |
| Feb 14 | B. Riley Securities | Maintains | Buy → Buy | — | $6.50 | $6.56 | +0.9% | -2.0% | -5.2% | +8.3% | +13.0% | -1.9% |
| Jan 14 | B. Riley Securities | Maintains | Buy → Buy | — | $3.83 | $4.14 | +8.1% | +23.5% | +22.4% | +0.3% | -9.3% | +19.4% |
| Jan 14 | Benchmark | Maintains | Buy → Buy | — | $3.83 | $4.14 | +8.1% | +23.5% | +22.4% | +0.3% | -9.3% | +19.4% |
| Dec 20 | Craig-Hallum | Maintains | Buy → Buy | — | $6.37 | $5.87 | -7.8% | +1.1% | +26.6% | -2.5% | +24.5% | +0.1% |
| Dec 20 | Benchmark | Maintains | Buy → Buy | — | $6.37 | $5.87 | -7.8% | +1.1% | +26.6% | -2.5% | +24.5% | +0.1% |
| Dec 12 | Roth MKM | Maintains | Buy → Buy | — | $4.12 | $4.30 | +4.4% | -5.1% | +27.9% | +44.6% | +16.2% | +6.7% |
| Nov 25 | B. Riley Securities | Maintains | Buy → Buy | — | $2.93 | $3.42 | +16.7% | -1.4% | -6.6% | +1.5% | +10.2% | -8.6% |
| Nov 15 | Needham | Maintains | Buy → Buy | — | $1.87 | $1.84 | -1.6% | -12.3% | -12.2% | +3.5% | +12.1% | +18.0% |
| Aug 13 | Roth MKM | Maintains | Buy → Buy | — | $0.88 | $0.90 | +2.1% | +7.6% | -5.2% | +4.5% | -1.0% | -0.4% |
| Aug 12 | Benchmark | Maintains | Buy → Buy | — | $0.84 | $0.84 | +0.3% | +4.6% | +7.6% | -5.2% | +4.5% | -1.0% |
| Aug 9 | WestPark Capital | Maintains | Buy → Buy | — | $0.80 | $0.83 | +3.8% | +5.3% | +4.6% | +7.6% | -5.2% | +4.5% |
| Aug 9 | Needham | Maintains | Buy → Buy | — | $0.80 | $0.83 | +3.8% | +5.3% | +4.6% | +7.6% | -5.2% | +4.5% |
| May 17 | Needham | Maintains | Buy → Buy | — | $1.29 | $1.30 | +0.8% | +0.8% | +0.8% | -5.3% | -0.8% | -4.9% |
| May 14 | Needham | Maintains | Buy → Buy | — | $1.37 | $1.41 | +2.9% | +2.2% | -5.0% | -3.0% | +0.8% | +0.8% |
| Apr 2 | Benchmark | Maintains | Buy → Buy | — | $1.99 | $1.92 | -3.5% | -7.5% | +7.1% | +1.5% | -6.0% | -1.6% |
| Apr 1 | Craig-Hallum | Maintains | Buy → Buy | — | $2.04 | $2.03 | -0.5% | -2.5% | -7.5% | +7.1% | +1.5% | -6.0% |
| Apr 1 | Roth MKM | Maintains | Buy → Buy | — | $2.04 | $2.03 | -0.5% | -2.5% | -7.5% | +7.1% | +1.5% | -6.0% |
| Jan 25 | Roth MKM | Maintains | Buy → Buy | — | $0.76 | $0.77 | +2.0% | -4.9% | +14.2% | +0.0% | +7.5% | -4.1% |
| Date | Insider | Title | Type | Shares | Price | Value | Owned After | D1% | D5% |
|---|---|---|---|---|---|---|---|---|---|
| Jun 15, 2026 | Markovich John M.Off | Chief Financial Officer | Sell | 100,000 | $25.75 | $2.6M | 1,242,820 | -4.26% | -8.19% |
| Jun 15, 2026 | Ghai RohitDir | — | Sell | 13,518 | $26.41 | $357K | 23,617 | -4.26% | -8.19% |
| Jun 12, 2026 | Markovich John M.Off | Chief Financial Officer | Sell | 46,043 | $24.01 | $1.1M | 1,342,820 | -4.26% | -8.19% |
| Jun 9, 2026 | Markovich John M.Off | Chief Financial Officer | Sell | 70 | $26.54 | $2K | 1,388,863 | +2.45% | -4.26% |
| Jun 8, 2026 | Markovich John M.Off | Chief Financial Officer | Sell | 50,979 | $26.24 | $1.3M | 1,388,933 | +2.45% | -4.26% |
| Jun 8, 2026 | BARATZ ALAN EDir/Off | President & CEO | Sell | 687,627 | $26.13 | $18.0M | 3,299,771 | +2.45% | -4.26% |
| Jun 5, 2026 | DiLullo John DDir | — | Sell | 7,850 | $24.43 | $192K | 21,310 | -8.94% | +12.37% |
| Jun 2, 2026 | Markovich John M.Off | Chief Financial Officer | Sell | 2,908 | $31.00 | $90K | 1,439,912 | -13.71% | +2.45% |
| May 22, 2026 | Markovich John M.Off | Chief Financial Officer | Sell | 328,752 | $27.70 | $9.1M | 1,442,820 | +7.31% | -7.89% |
8-K · 7.01
! Medium
D-Wave Quantum Inc. -- 8-K 7.01: Regulation FD Disclosure
D-Wave Quantum announced a new error-aware gate-model quantum computing simulator, advancing its fault-tolerant quantum computing roadmap and potentially strengthening its competitive position in quantum computing development.
Jun 18
8-K
D-Wave Quantum Inc. -- 8-K Filing
D-Wave Quantum's board approved annual Say-on-Pay votes and elected Sharon Holt to replace Steven M., signaling governance changes that give shareholders more frequent executive compensation oversight opportunities.
Jun 8
8-K · 7.01
! Medium
D-Wave Quantum Inc. -- 8-K 7.01: Regulation FD Disclosure
D-Wave announced a quantum computing roadmap targeting 100 logical qubits by 2032, combining its dual-rail qubit technology with error correction to advance fault-tolerant quantum computing commercialization.
Jun 1
8-K · 7.01
! Medium
D-Wave Quantum Inc. -- 8-K 7.01: Regulation FD Disclosure
D-Wave Quantum is hosting an investor presentation with management slide talks and Q&A, providing shareholders opportunity to hear directly from leadership about company developments.
Jun 1
8-K · 7.01
! Medium
D-Wave Quantum Inc. -- 8-K 7.01: Regulation FD Disclosure
D-Wave's subsidiary Quantum Circuits secured continued federal funding for its superconducting qubit materials research through NORDTECH, validating the company's quantum computing technology development.
May 26
8-K · 7.01
! Medium
D-Wave Quantum Inc. -- 8-K 7.01: Regulation FD Disclosure
D-Wave disputes claims that classical computing can replicate its quantum simulation results, defending the legitimacy of its previously demonstrated quantum advantage against competitive technical challenges.
May 26
8-K · 8.01
!! High
D-Wave Quantum Inc. -- 8-K 8.01: Material Event / Announcement
May 21
8-K · 8.01
!! High
D-Wave Quantum Inc. -- 8-K 8.01: Material Event / Announcement
May 13
8-K · 2.02
!! High
D-Wave Quantum Inc. -- 8-K 2.02: Earnings Results
May 12
8-K · 7.01
! Medium
D-Wave Quantum Inc. -- 8-K 7.01: Regulation FD Disclosure
D-Wave is hosting Qubits Europe 2026 conference in London on June 18, positioning itself as a leader in the European quantum computing market during a period of expanding industry momentum.
May 5
8-K · 7.01
! Medium
D-Wave Quantum Inc. -- 8-K 7.01: Regulation FD Disclosure
D-Wave Quantum is hosting its inaugural Investor Day on June 1, 2026, to showcase technology leadership, product roadmap, and commercial momentum to investors.
Apr 29
8-K · 7.01
! Medium
D-Wave Quantum Inc. -- 8-K 7.01: Regulation FD Disclosure
D-Wave's selective disclosure of material information to investors suggests potential developments in quantum computing commercialization that could significantly impact stock valuation and warrant scrutiny from shareholders regarding fair information distribution.
Feb 26
8-K · 7.01
! Medium
D-Wave Quantum Inc. -- 8-K 7.01: Regulation FD Disclosure
D-Wave joined the Southeastern Quantum Collaborative with IBM and universities, positioning itself as a key player in regional quantum computing development and potentially expanding enterprise adoption opportunities.
Feb 19
Institutional (13F) — Top 20
All ↗
| # | Manager | Shares | Value | Chg | Period |
|---|---|---|---|---|---|
| 1 | Vanguard Portfolio Management Llc | 20,793,131 | $300M | New | Mar 2026 |
| 2 | Vanguard Capital Management Llc | 15,851,525 | $229M | New | Mar 2026 |
| 3 | Ubs Group Ag | 9,869,575 | $142M | Reduced | Mar 2026 |
| 4 | Morgan Stanley | 5,101,954 | $133M | Reduced | Dec 2025 |
| 5 | Bank Of America Corp /de/ | 3,886,036 | $56M | Reduced | Mar 2026 |
| 6 | Hrt Financial Lp | 3,359,551 | $48M | New | Mar 2026 |
| 7 | Unicom Systems, Inc. | 3,121,346 | $45M | — | Mar 2026 |
| 8 | Northern Trust Corp | 3,117,739 | $45M | Added | Mar 2026 |
| 9 | Susquehanna International Group, Llp | 1,734,355 | $25M | Added | Mar 2026 |
| 10 | Nuveen, Llc | 1,453,264 | $21M | Reduced | Mar 2026 |
| 11 | Bank Of New York Mellon Corp | 1,429,367 | $21M | Added | Mar 2026 |
| 12 | Jpmorgan Chase & Co | 1,367,949 | $18M | Reduced | Mar 2026 |
| 13 | Walleye Capital Llc | 1,056,118 | $15M | Added | Mar 2026 |
| 14 | Marex Group Plc | 993,190 | $14M | Reduced | Mar 2026 |
| 15 | Sg Americas Securities, Llc | 982,664 | $14M | Reduced | Mar 2026 |
| 16 | Fmr Llc | 834,216 | $12M | Reduced | Mar 2026 |
| 17 | Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet Ltd | 781,195 | $11M | Added | Mar 2026 |
| 18 | Citadel Advisors Llc | 774,073 | $11M | Added | Mar 2026 |
| 19 | Invesco Ltd. | 630,544 | $9M | Reduced | Mar 2026 |
| 20 | Tudor Investment Corp | 576,806 | $8M | New | Mar 2026 |
Mutual Funds / ETFs (N-PORT) — Top 20
All ↗
Valuation
Market Cap
$8.04B
Enterprise Value
$6.50B
P/E (TTM)
—
Forward P/E
—
PEG Ratio
-0.49x
P/B
8.25x
P/S
565.28x
P/FCF
-97.32x
EV/EBITDA
—
Shares Out
321.2M
Financials (TTM)
Revenue
$12.4M
Net Income
-$368.0M
EBITDA
-$386.7M
Free Cash Flow
-$75.8M
Op Cash Flow
-$72.0M
EPS Basic
$-1.11
EPS Diluted
$-1.15
EPS Forward
$-0.34
Gross Margin
66.3%
Op Margin
—
Net Margin
—
Balance Sheet
Total Assets
$915.8M
Total Liab.
$63.6M
Total Equity
$852.2M
Cash
$884.5M
LT Debt
$6.0M
Book Value/Sh
$2.65
Debt/Equity
0.01x
Current Ratio
42.38
Quick Ratio
42.25
Returns & Growth
ROE
-41.7%
ROA
-38.8%
ROIC
-11.2%
Rev Growth YoY
+178.5%
EPS Growth YoY
-48.0%
Price Returns
2W
+36.2%
1M
+48.5%
3M
+60.3%
6M
+32.8%
12M
+84.4%
Technicals
52W High
$46.75
52W Low
$12.75
50d MA
$23.08
200d MA
$23.99
RSI (14)
38.70
ATR (14)
$2.35
Beta
1.77
Avg Volume
41.0M
Dividends
Div Rate
$0.00
Div Yield
—
Frequency
—
Ex-Div Date
—
Analyst Price Targets
Consensus
$38.89
High
$46.00
Low
$22.00
Median
$40.00
Data updated apr 26, 2026 9:25pm
· Source: financialmodelingprep.com