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QBTS US​
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D-Wave Quantum Inc.(QBTS US)

$9.46-0.393.91%(Market Open · 19:57:21 UTC)
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Overview

ProfileEntity Structure

Documents

SEC Filings
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  • Home
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  • Annotations
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  • Pricing and plans
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  • Get the full experience

    We save the real magic for signed-in users.

QBTS US​
HomeStock ScreenerDocument SearchChartingWatchlistsRecent Filings

D-Wave Quantum Inc.(QBTS US)

$9.46-0.393.91%(Market Open · 19:57:21 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

D-Wave Quantum Inc. — Company Profile

Operating globally, D-Wave Quantum Inc. specializes in developing and supplying quantum computing systems, software, and related services. Their offerings include Advantage, a pioneering fifth-generation quantum computer, and Launch, an onboarding service designed for quantum computing adoption. The company also provides Ocean, a comprehensive suite of open-source programming tools. Furthermore, Leap is a cloud-based service that enables real-time interaction with a live quantum computer. This service further provides access to Advantage, along with hybrid problem-solving tools, the Ocean Software Development Kit, live code samples, demonstrations, learning resources, and a vibrant developer community. Additionally, D-Wave provides a dedicated "D-Wave Launch" professional service, guiding enterprises from initial problem identification through to production deployment of quantum applications. Their quantum solutions are leveraged across various domains such as artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. They serve industries including manufacturing, logistics, financial services, and life sciences, among others. D-Wave Quantum Inc. is headquartered in Burnaby, Canada.

Sector
Industrials
Industry
Professional Services
Exchange
UQ
CEO
Alan E. Baratz
Headquarters
Palo Alto, CA, US
IPO Date
Dec 11, 2020
Employees
385
Website
www.dwavequantum.com

Key Metrics

Price
$15.77
Market Cap
$5.79B
Revenue (TTM)
$2.86M
Net Income (TTM)
$-18357000.00
EPS (TTM)
-0.05
P/E (TTM)
-15.74
P/B (TTM)
5.15
Dividend Yield
0.00%
ROE (TTM)
-1.63%
ROA (TTM)
-1.53%
Operating Margin
-19.15%
Beta
2.82

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Operating globally, D-Wave Quantum Inc. specializes in developing and supplying quantum computing systems, software, and related services. Their offerings include Advantage, a pioneering fifth-generation quantum computer, and Launch, an onboarding service designed for quantum computing adoption. The company also provides Ocean, a comprehensive suite of open-source programming tools. Furthermore, Leap is a cloud-based service that enables real-time interaction with a live quantum computer. This service further provides access to Advantage, along with hybrid problem-solving tools, the Ocean Software Development Kit, live code samples, demonstrations, learning resources, and a vibrant developer community. Additionally, D-Wave provides a dedicated "D-Wave Launch" professional service, guiding enterprises from initial problem identification through to production deployment of quantum applications. Their quantum solutions are leveraged across various domains such as artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. They serve industries including manufacturing, logistics, financial services, and life sciences, among others. D-Wave Quantum Inc. is headquartered in Burnaby, Canada.

Website
www.dwavequantum.com
Location
Palo Alto, CA, US
Phone604 630 1428
Employees385
CEOAlan E. Baratz
Sector
Industrials
Industry
Professional Services
IPO DateDec 11, 2020

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(730)

Expand
  • 8-KRegulation FD Disclosure12 Nov
  • 8-KResults of Operations and Financial Condition10 Nov
  • 8-KRegulation FD Disclosure4 Nov
  • Form 4Krysler P. Kevan30 Oct
  • Form 3Krysler P. Kevan30 Oct
  • 8-KRegulation FD Disclosure28 Oct
  • Form 4Nguyen Diane16 Oct
  • Form 4BARATZ ALAN E16 Oct
  • Form 4GOLKOV GREGORY16 Oct
  • Form 4AMES SOPHIE C16 Oct
  • Form 4GAVGANI BERNARD14 Oct
  • Form 3GAVGANI BERNARD14 Oct
  • 8-KRegulation FD Disclosure1 Oct
  • Form 4GOLKOV GREGORY24 Sep
  • Form 3GOLKOV GREGORY22 Sep
  • 8-K/ADeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers22 Sep
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers21 Sep
  • 8-KRegulation FD Disclosure16 Sep
  • Form 4BLACK STANLEY T16 Sep
  • Form 4AMES SOPHIE C16 Sep

News

  • D-WAVE CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Reminds D-Wave Quantum Inc. Investors with Large Losses to Contact the Firm Before December 14th Seeking Lead Plaintiff Role12 Nov
  • What Should D-Wave Quantum, Inc. Investors Know After 9.51% Stock Drop? The Law Offices of Frank R. Cruz Outlines Securities Fraud Class Action Lead Plaintiff Deadline12 Nov
  • What Should D-Wave Quantum, Inc. Investors Know After 9.51% Stock Drop? The Law Offices of Frank R.12 Nov
  • Rigetti Falls 5% After CEO Admits Quantum Can’t Yet Prove ROI; IonQ Sinks 8%, D-Wave Slides 5%12 Nov
  • ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages D-Wave Quantum Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – QBTS12 Nov
  • Pomerantz Law Firm Announces the Filing of a Class Action Against D-Wave Quantum Inc. and Certain Officers - QBTS12 Nov
  • SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of December 15, 2026 in D-Wave Quantum Inc. Lawsuit - QBTS12 Nov
  • Quantum Stocks Slide as Rigetti, D-Wave Results Disappoint, Nvidia Turmoil Overshadows IonQ12 Nov
  • QBTS UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds D-Wave Quantum Investors of Securities Class Action Lawsuit Deadline on December 15, 202611 Nov
  • QBTS Q3 Earnings Call Highlights System Sales and Quantum Roadmap11 Nov
  • Levi & Korsinsky Reminds D-Wave Quantum Inc. Investors of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of December 15, 2026 - QBTS11 Nov
  • ROSEN, SKILLED INVESTOR COUNSEL, Encourages D-Wave Quantum Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - QBTS11 Nov
  • SHAREHOLDER ALERT: Bronstein Gewirtz & Grossman, LLC Announces Class Action Against D-Wave Quantum Inc. (QBTS) - Investors Who Suffered Losses Are Encouraged to Contact the Firm.11 Nov
  • IonQ Raised the Bar, But 3 Quantum Rivals Face Tough Questions11 Nov
  • Rigetti Drops 5% on Revenue Miss and Soft 2026 Outlook; IonQ Slides 2%, D-Wave Rises 2%11 Nov
  • Robbins LLP Urges QBTS Shareholders to Contact the Firm for Information About the D-Wave Quantum Inc. Securities Class Action11 Nov
  • SHAREHOLDER ALERT: Bronstein Gewirtz & Grossman, LLC Announces Class Action Against D-Wave Quantum Inc. (NASDAQ: QBTS) — Investors Who Suffered Losses Are Encouraged to Contact the Firm11 Nov
  • Kaplan Fox Reminds Investors of a Securities Class Action Against D-Wave Quantum Inc. (QBTS) - Deadline is December 14, 202611 Nov
  • QBTS INVESTOR ALERT: D-Wave Quantum Inc. Investors with Substantial Losses May Seek to Lead Class Action Lawsuit Before December 15, 2026 Deadline - RGRD Law11 Nov
  • D-Wave Quantum Crashed 60% in 2026 But This Major Investment Bank Expects Shares to Quadruple11 Nov

Mentions in Filings

  • … f) this Summary Prospectus. **GraniteShares YIELDBOOST QBTS ETF – Summary** **Investment Objective** The Fund’s primary investment objective is to achieve 2 times (200%) the income generated from selling options on <strong>D-Wave Quantum</strong>, Inc.’s common stock (NYSE: QBTS) (the “Underlying Stock”) by selling options on leveraged exchange-traded funds designed to deliver 2 times (200%) the daily performance of the Underlying Stock (the “Underlying Levera …
    GraniteShares ETF TrustD-Wave Quantum Inc.·497K - Form 497K - Summary prospectus·28 Oct·28 Oct
  • … S ETF** **Objective** The Fund’s primary investment objective is to generate income while providing limited downside protection by getting exposure to autocallables that reference the price of the common stock of <strong>D-Wave Quantum Inc.</strong> (NYSE: QBTS) (the “Underlying Asset”). **Fund Fees and Expenses** This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund (“Shares”). The fees are expressed as a p …
    GraniteShares ETF TrustD-Wave Quantum Inc.·497 - Form 497 - Definitive materials (investment companies)·28 Oct·28 Oct
  • … rch network Multiple quantum systems in one environment, backed by research institutes, universities and a faculty advisory board. 22 G L O B A L T E C H N O L O G Y P A R T N E R S Quantum hardware · crypto discovery <strong>D-Wave Quantum</strong> annealing Pasqal Neutral atom Data-Warehouse Cryptographic discovery (CBOM) for PQC migration Workloads are routed to the best-fit modality R & D N E T W O R K Institutes · societies · universities Research institutes …
    Charlton Aria Acquisition CorpD-Wave Quantum Inc.·EX-99.1 - Form 425 - INVESTOR PRESENTATION, DATED OCTOBER 2026·Q4 26·8 Oct
  • … rch network Multiple quantum systems in one environment, backed by research institutes, universities and a faculty advisory board. 22 G L O B A L T E C H N O L O G Y P A R T N E R S Quantum hardware · crypto discovery <strong>D-Wave Quantum</strong> annealing Pasqal Neutral atom Data-Warehouse Cryptographic discovery (CBOM) for PQC migration Workloads are routed to the best-fit modality R & D N E T W O R K Institutes · societies · universities Research institutes …
    Charlton Aria Acquisition CorpD-Wave Quantum Inc.·EX-99.1 - 8-K - Regulation FD Disclosure·Q4 26·8 Oct
  • The Defiance Daily Target 2X Short QBTS ETF (the “Fund”) seeks daily inverse investment results of -2 times (-200%) the daily percentage change of the common stock of D-Wave Quantum Inc. (NYSE: QBTS) (the “Underlying Security”). Because the Fund seeks daily 200% *inverse* investment results, it is very different from most other exchange-traded funds. It is also riskier than alternatives that do not use a short strategy. The return for investors t …
    Tidal Trust IID-Wave Quantum Inc.·497K - Form 497K - SUMMARY PROSPECTUS·Q3 26·28 Aug
  • … ll Ltd. | 678,417 | 0.23 | | | | 1,666,760 | 0.56 | | Brazil | | | | | 47,218 | Pagseguro Digital Ltd. Class A | 483,512 | 0.16 | | Canada | | | | | 34,368 | Aurinia Pharmaceuticals, Inc. | 555,043 | 0.19 | | 33,851 | <strong>D-Wave Quantum</strong>, Inc. | 762,663 | 0.26 | | 126,645 | Novagold Resources, Inc. | 1,266,450 | 0.42 | | 58,779 | Uranium Energy Corp. | 720,631 | 0.24 | | | | 3,304,787 | 1.11 | | Cayman Islands | | | | | 8,248 | Theravance Biopharma, I …
    ゴールドマン・サックス・アセット・マネジメント株式会社D-Wave Quantum Inc.·Annual Report - Annual Securities Report (2026.02.11-2026.08.10)·10 Nov·9 Nov

Key Stats

Trading

Px/Chg 1D$15.77 / -4.77%
Avg Volume31.25M
Beta2.82
Mkt Cap5.79B
FD Mkt Cap6.30B

Float

Shrs Out/Float367.27M / 358.62M
Short Float0.18%
Days to Cover2.15
Stock Repurchased$203.00K

Current Valuation

EV5.50B
EV/EBITDA-14.22
EV/Sales442.02
P/B5.15
P/S465.43
FCF Yield-0.79%
ROE-1.63%
ROA-1.53%
Current Ratio21.41

Estimates

P/E-15.74
Est P/E0.00
Est EPS-0.08
Est PEG0.00

Valuation

Metric5Yr AvgNov '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-107.16-8.56-2.17-9.20-200.37-315.51
Price / Sales1,067.5158.8220.48149.973,081.752,026.53
Price / Book Value-22.30-140.43-7.3321.139.955.15
Price / Free Cash Flow-117.88-7.71-2.93-29.58-423.39-125.80
ENTERPRISE VALUE METRICS
Enterprise Value2,978.7109.2210.71,184.27,889.15,500.5
Enterprise Value / Sales1,002.7864.4324.06134.152,866.671,924.58
Enterprise Value / EBITDA-71.46-10.25-2.61-8.58-206.15-129.73
Enterprise Value / EBIT-68.33-9.91-2.55-8.46-202.56-118.16

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue40.7%6.37.28.88.824.6
Gross Income45.5%4.54.34.65.620.3
EBITDA78.5%-34.4-49.0-80.8-138.1-348.7
EBIT75.6%-37.0-51.4-82.7-140.0-351.0
Net Income71.6%-41.0-53.7-82.7-143.9-355.1
EPS (Diluted)35.4%-0.33-0.45-0.60-0.75-1.11
BALANCE SHEET
Cash & ST Inv210.8%9.57.141.3178.0884.5
Total Assets136.1%29.526.959.4199.9915.8
Total Liabilities7.4%47.856.483.8137.263.6
Total Shareholder Equity—-18.4-29.5-24.562.6852.2
CASH FLOW
Net Operating Cash Flow19.9%-34.8-45.2-60.6-42.6-72.0
Cap Ex17.9%-2.0-0.5-0.6-2.1-3.9
Free Cash Flow19.8%-36.8-45.7-61.3-44.7-75.8

Enterprise Value Bridge

Millions USD12 Nov '26
Price (As of 12 Nov '26)9.86
Basic Shares367.27
Market Cap3,621.3
Diluted Shares370.84
Fully Diluted Shares Outstanding370.84
Fully Diluted Market Cap3,656.5
+Consolidated Debt13.1
−In-the-Money Convertible Debt—
+Capital Leases13.1
+Operating Leases—
−Cash & Equivalents-296.6
−Short-term Investments-249.6
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value3,337.7

Segment data

Revenue

by Products and services

  • System Sales85%
  • Professional Services14%
  • Product And Service, Other1%

Revenue

by Geography

  • Germany68%
  • United States11%
  • Other Geographical Areas8%
  • Japan5%
  • Switzerland4%

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D-Wave Quantum Inc. — Company Profile

Operating globally, D-Wave Quantum Inc. specializes in developing and supplying quantum computing systems, software, and related services. Their offerings include Advantage, a pioneering fifth-generation quantum computer, and Launch, an onboarding service designed for quantum computing adoption. The company also provides Ocean, a comprehensive suite of open-source programming tools. Furthermore, Leap is a cloud-based service that enables real-time interaction with a live quantum computer. This service further provides access to Advantage, along with hybrid problem-solving tools, the Ocean Software Development Kit, live code samples, demonstrations, learning resources, and a vibrant developer community. Additionally, D-Wave provides a dedicated "D-Wave Launch" professional service, guiding enterprises from initial problem identification through to production deployment of quantum applications. Their quantum solutions are leveraged across various domains such as artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. They serve industries including manufacturing, logistics, financial services, and life sciences, among others. D-Wave Quantum Inc. is headquartered in Burnaby, Canada.

Sector
Industrials
Industry
Professional Services
Exchange
UQ
CEO
Alan E. Baratz
Headquarters
Palo Alto, CA, US
IPO Date
Dec 11, 2020
Employees
385
Website
www.dwavequantum.com

Key Metrics

Price
$15.77
Market Cap
$5.79B
Revenue (TTM)
$2.86M
Net Income (TTM)
$-18357000.00
EPS (TTM)
-0.05
P/E (TTM)
-15.74
P/B (TTM)
5.15
Dividend Yield
0.00%
ROE (TTM)
-1.63%
ROA (TTM)
-1.53%
Operating Margin
-19.15%
Beta
2.82

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Operating globally, D-Wave Quantum Inc. specializes in developing and supplying quantum computing systems, software, and related services. Their offerings include Advantage, a pioneering fifth-generation quantum computer, and Launch, an onboarding service designed for quantum computing adoption. The company also provides Ocean, a comprehensive suite of open-source programming tools. Furthermore, Leap is a cloud-based service that enables real-time interaction with a live quantum computer. This service further provides access to Advantage, along with hybrid problem-solving tools, the Ocean Software Development Kit, live code samples, demonstrations, learning resources, and a vibrant developer community. Additionally, D-Wave provides a dedicated "D-Wave Launch" professional service, guiding enterprises from initial problem identification through to production deployment of quantum applications. Their quantum solutions are leveraged across various domains such as artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. They serve industries including manufacturing, logistics, financial services, and life sciences, among others. D-Wave Quantum Inc. is headquartered in Burnaby, Canada.

Website
www.dwavequantum.com
Location
Palo Alto, CA, US
Phone604 630 1428
Employees385
CEOAlan E. Baratz
Sector
Industrials
Industry
Professional Services
IPO DateDec 11, 2020

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(730)

Expand
  • 8-KRegulation FD Disclosure12 Nov
  • 8-KResults of Operations and Financial Condition10 Nov
  • 8-KRegulation FD Disclosure4 Nov
  • Form 4Krysler P. Kevan30 Oct
  • Form 3Krysler P. Kevan30 Oct
  • 8-KRegulation FD Disclosure28 Oct
  • Form 4Nguyen Diane16 Oct
  • Form 4BARATZ ALAN E16 Oct
  • Form 4GOLKOV GREGORY16 Oct
  • Form 4AMES SOPHIE C16 Oct
  • Form 4GAVGANI BERNARD14 Oct
  • Form 3GAVGANI BERNARD14 Oct
  • 8-KRegulation FD Disclosure1 Oct
  • Form 4GOLKOV GREGORY24 Sep
  • Form 3GOLKOV GREGORY22 Sep
  • 8-K/ADeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers22 Sep
  • 8-KDeparture of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers21 Sep
  • 8-KRegulation FD Disclosure16 Sep
  • Form 4BLACK STANLEY T16 Sep
  • Form 4AMES SOPHIE C16 Sep

News

  • D-WAVE CLASS ACTION ALERT: Bragar Eagel & Squire, P.C. Reminds D-Wave Quantum Inc. Investors with Large Losses to Contact the Firm Before December 14th Seeking Lead Plaintiff Role12 Nov
  • What Should D-Wave Quantum, Inc. Investors Know After 9.51% Stock Drop? The Law Offices of Frank R. Cruz Outlines Securities Fraud Class Action Lead Plaintiff Deadline12 Nov
  • What Should D-Wave Quantum, Inc. Investors Know After 9.51% Stock Drop? The Law Offices of Frank R.12 Nov
  • Rigetti Falls 5% After CEO Admits Quantum Can’t Yet Prove ROI; IonQ Sinks 8%, D-Wave Slides 5%12 Nov
  • ROSEN, RECOGNIZED INVESTOR COUNSEL, Encourages D-Wave Quantum Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – QBTS12 Nov
  • Pomerantz Law Firm Announces the Filing of a Class Action Against D-Wave Quantum Inc. and Certain Officers - QBTS12 Nov
  • SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of December 15, 2026 in D-Wave Quantum Inc. Lawsuit - QBTS12 Nov
  • Quantum Stocks Slide as Rigetti, D-Wave Results Disappoint, Nvidia Turmoil Overshadows IonQ12 Nov
  • QBTS UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds D-Wave Quantum Investors of Securities Class Action Lawsuit Deadline on December 15, 202611 Nov
  • QBTS Q3 Earnings Call Highlights System Sales and Quantum Roadmap11 Nov
  • Levi & Korsinsky Reminds D-Wave Quantum Inc. Investors of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of December 15, 2026 - QBTS11 Nov
  • ROSEN, SKILLED INVESTOR COUNSEL, Encourages D-Wave Quantum Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - QBTS11 Nov
  • SHAREHOLDER ALERT: Bronstein Gewirtz & Grossman, LLC Announces Class Action Against D-Wave Quantum Inc. (QBTS) - Investors Who Suffered Losses Are Encouraged to Contact the Firm.11 Nov
  • IonQ Raised the Bar, But 3 Quantum Rivals Face Tough Questions11 Nov
  • Rigetti Drops 5% on Revenue Miss and Soft 2026 Outlook; IonQ Slides 2%, D-Wave Rises 2%11 Nov
  • Robbins LLP Urges QBTS Shareholders to Contact the Firm for Information About the D-Wave Quantum Inc. Securities Class Action11 Nov
  • SHAREHOLDER ALERT: Bronstein Gewirtz & Grossman, LLC Announces Class Action Against D-Wave Quantum Inc. (NASDAQ: QBTS) — Investors Who Suffered Losses Are Encouraged to Contact the Firm11 Nov
  • Kaplan Fox Reminds Investors of a Securities Class Action Against D-Wave Quantum Inc. (QBTS) - Deadline is December 14, 202611 Nov
  • QBTS INVESTOR ALERT: D-Wave Quantum Inc. Investors with Substantial Losses May Seek to Lead Class Action Lawsuit Before December 15, 2026 Deadline - RGRD Law11 Nov
  • D-Wave Quantum Crashed 60% in 2026 But This Major Investment Bank Expects Shares to Quadruple11 Nov

Mentions in Filings

  • … f) this Summary Prospectus. **GraniteShares YIELDBOOST QBTS ETF – Summary** **Investment Objective** The Fund’s primary investment objective is to achieve 2 times (200%) the income generated from selling options on <strong>D-Wave Quantum</strong>, Inc.’s common stock (NYSE: QBTS) (the “Underlying Stock”) by selling options on leveraged exchange-traded funds designed to deliver 2 times (200%) the daily performance of the Underlying Stock (the “Underlying Levera …
    GraniteShares ETF TrustD-Wave Quantum Inc.·497K - Form 497K - Summary prospectus·28 Oct·28 Oct
  • … S ETF** **Objective** The Fund’s primary investment objective is to generate income while providing limited downside protection by getting exposure to autocallables that reference the price of the common stock of <strong>D-Wave Quantum Inc.</strong> (NYSE: QBTS) (the “Underlying Asset”). **Fund Fees and Expenses** This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund (“Shares”). The fees are expressed as a p …
    GraniteShares ETF TrustD-Wave Quantum Inc.·497 - Form 497 - Definitive materials (investment companies)·28 Oct·28 Oct
  • … rch network Multiple quantum systems in one environment, backed by research institutes, universities and a faculty advisory board. 22 G L O B A L T E C H N O L O G Y P A R T N E R S Quantum hardware · crypto discovery <strong>D-Wave Quantum</strong> annealing Pasqal Neutral atom Data-Warehouse Cryptographic discovery (CBOM) for PQC migration Workloads are routed to the best-fit modality R & D N E T W O R K Institutes · societies · universities Research institutes …
    Charlton Aria Acquisition CorpD-Wave Quantum Inc.·EX-99.1 - Form 425 - INVESTOR PRESENTATION, DATED OCTOBER 2026·Q4 26·8 Oct
  • … rch network Multiple quantum systems in one environment, backed by research institutes, universities and a faculty advisory board. 22 G L O B A L T E C H N O L O G Y P A R T N E R S Quantum hardware · crypto discovery <strong>D-Wave Quantum</strong> annealing Pasqal Neutral atom Data-Warehouse Cryptographic discovery (CBOM) for PQC migration Workloads are routed to the best-fit modality R & D N E T W O R K Institutes · societies · universities Research institutes …
    Charlton Aria Acquisition CorpD-Wave Quantum Inc.·EX-99.1 - 8-K - Regulation FD Disclosure·Q4 26·8 Oct
  • The Defiance Daily Target 2X Short QBTS ETF (the “Fund”) seeks daily inverse investment results of -2 times (-200%) the daily percentage change of the common stock of D-Wave Quantum Inc. (NYSE: QBTS) (the “Underlying Security”). Because the Fund seeks daily 200% *inverse* investment results, it is very different from most other exchange-traded funds. It is also riskier than alternatives that do not use a short strategy. The return for investors t …
    Tidal Trust IID-Wave Quantum Inc.·497K - Form 497K - SUMMARY PROSPECTUS·Q3 26·28 Aug
  • … ll Ltd. | 678,417 | 0.23 | | | | 1,666,760 | 0.56 | | Brazil | | | | | 47,218 | Pagseguro Digital Ltd. Class A | 483,512 | 0.16 | | Canada | | | | | 34,368 | Aurinia Pharmaceuticals, Inc. | 555,043 | 0.19 | | 33,851 | <strong>D-Wave Quantum</strong>, Inc. | 762,663 | 0.26 | | 126,645 | Novagold Resources, Inc. | 1,266,450 | 0.42 | | 58,779 | Uranium Energy Corp. | 720,631 | 0.24 | | | | 3,304,787 | 1.11 | | Cayman Islands | | | | | 8,248 | Theravance Biopharma, I …
    ゴールドマン・サックス・アセット・マネジメント株式会社D-Wave Quantum Inc.·Annual Report - Annual Securities Report (2026.02.11-2026.08.10)·10 Nov·9 Nov

Key Stats

Trading

Px/Chg 1D$15.77 / -4.77%
Avg Volume31.25M
Beta2.82
Mkt Cap5.79B
FD Mkt Cap6.30B

Float

Shrs Out/Float367.27M / 358.62M
Short Float0.18%
Days to Cover2.15
Stock Repurchased$203.00K

Current Valuation

EV5.50B
EV/EBITDA-14.22
EV/Sales442.02
P/B5.15
P/S465.43
FCF Yield-0.79%
ROE-1.63%
ROA-1.53%
Current Ratio21.41

Estimates

P/E-15.74
Est P/E0.00
Est EPS-0.08
Est PEG0.00

Valuation

Metric5Yr AvgNov '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-107.16-8.56-2.17-9.20-200.37-315.51
Price / Sales1,067.5158.8220.48149.973,081.752,026.53
Price / Book Value-22.30-140.43-7.3321.139.955.15
Price / Free Cash Flow-117.88-7.71-2.93-29.58-423.39-125.80
ENTERPRISE VALUE METRICS
Enterprise Value2,978.7109.2210.71,184.27,889.15,500.5
Enterprise Value / Sales1,002.7864.4324.06134.152,866.671,924.58
Enterprise Value / EBITDA-71.46-10.25-2.61-8.58-206.15-129.73
Enterprise Value / EBIT-68.33-9.91-2.55-8.46-202.56-118.16

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue40.7%6.37.28.88.824.6
Gross Income45.5%4.54.34.65.620.3
EBITDA78.5%-34.4-49.0-80.8-138.1-348.7
EBIT75.6%-37.0-51.4-82.7-140.0-351.0
Net Income71.6%-41.0-53.7-82.7-143.9-355.1
EPS (Diluted)35.4%-0.33-0.45-0.60-0.75-1.11
BALANCE SHEET
Cash & ST Inv210.8%9.57.141.3178.0884.5
Total Assets136.1%29.526.959.4199.9915.8
Total Liabilities7.4%47.856.483.8137.263.6
Total Shareholder Equity—-18.4-29.5-24.562.6852.2
CASH FLOW
Net Operating Cash Flow19.9%-34.8-45.2-60.6-42.6-72.0
Cap Ex17.9%-2.0-0.5-0.6-2.1-3.9
Free Cash Flow19.8%-36.8-45.7-61.3-44.7-75.8

Enterprise Value Bridge

Millions USD12 Nov '26
Price (As of 12 Nov '26)9.86
Basic Shares367.27
Market Cap3,621.3
Diluted Shares370.84
Fully Diluted Shares Outstanding370.84
Fully Diluted Market Cap3,656.5
+Consolidated Debt13.1
−In-the-Money Convertible Debt—
+Capital Leases13.1
+Operating Leases—
−Cash & Equivalents-296.6
−Short-term Investments-249.6
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value3,337.7

Segment data

Revenue

by Products and services

  • System Sales85%
  • Professional Services14%
  • Product And Service, Other1%

Revenue

by Geography

  • Germany68%
  • United States11%
  • Other Geographical Areas8%
  • Japan5%
  • Switzerland4%

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