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QBTS US​

D-Wave Quantum Inc.(QBTS US)

$11.66+0.030.26%Ext:$11.67+0.010.12%(Market Closed · 23:55:34 UTC)

Overview

ProfileEntity Structure

Documents

SEC Filings

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

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Latest Documents

SEC Filings(724)

Expand
  • 4Statement of changes in beneficial ownership16 Oct
  • 4Statement of changes in beneficial ownership16 Oct
  • 4Statement of changes in beneficial ownership16 Oct
  • 4Statement of changes in beneficial ownership16 Oct
  • 4Statement of changes in beneficial ownership14 Oct
  • 3Initial statement of beneficial ownership14 Oct
  • 8-KRegulation FD Disclosure1 Oct
  • 4Statement of changes in beneficial ownership24 Sep
  • 3Initial statement of beneficial ownership22 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
  • 4Statement of changes in beneficial ownership16 Sep
  • 4Statement of changes in beneficial ownership16 Sep
  • 4Statement of changes in beneficial ownership16 Sep
  • 8-KRegulation FD Disclosure15 Sep
  • 8-KOther Events10 Sep
  • 424B7Prospectus filing (Rule 424(b)(7))10 Sep
  • 4Statement of changes in beneficial ownership9 Sep
  • 8-K/AEntry into a Material Definitive Agreement9 Sep

News

  • QBTS UPCOMING DEADLINE: Faruqi & Faruqi, LLP Reminds D-Wave Quantum Investors of Securities Class Action Lawsuit Deadline on December 15, 202607:23AM
  • ROSEN, SKILLED INVESTOR RIGHTS COUNSEL, Encourages D-Wave Quantum Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - QBTS23 Oct
  • DEADLINE ALERT for Gildan Activewear Inc. (GIL), D-Wave Quantum, Inc. (QBTS), and Bank Of America Corporation (BAC): The Law Offices of Frank R. Cruz Reminds Investors of Lead Plaintiff Deadlines in Securities Fraud Class Actions23 Oct
  • Securities Fraud Lawsuit Filed Against D-Wave Quantum, Inc.: The Law Offices of Frank R. Cruz Outlines Lead Plaintiff Deadline23 Oct
  • QBTS INVESTOR DEADLINE: D-Wave Quantum Inc. Investors with Substantial Losses May Seek to Lead Class Action Lawsuit - December 15, 2026 Deadline23 Oct
  • Not IonQ. Not D-Wave. This Quantum Stock Could Be 2027's Surprise Winner.23 Oct
  • Kaplan Fox Encourages D-Wave Quantum Inc. (QBTS) Investors with Significant Losses to Contact the Firm Before December 14, 202622 Oct
  • QBTS INVESTOR DEADLINE: D-Wave Quantum Inc. Investors with Substantial Losses May Seek to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces - December 15, 2026 Deadline22 Oct
  • ROSEN, HIGHLY REGARDED INVESTOR COUNSEL, Encourages D-Wave Quantum Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – QBTS22 Oct
  • ROSEN, NATIONAL TRIAL LAWYERS, Encourages D-Wave Quantum Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - QBTS22 Oct
  • QBTS Class Action Reminder - Robbins LLP Reminds Investors of the Lead Plaintiff Deadline in the D-Wave Quantum Inc. Class Action Lawsuit22 Oct
  • INVESTOR DEADLINE ALERT: D-Wave Quantum Inc. (QBTS) Investors with Substantial Losses Have Opportunity to Lead Class Action Lawsuit - Kessler Topaz Meltzer & Check, LLP22 Oct
  • SHAREHOLDER ALERT: Bronstein Gewirtz & Grossman, LLC Announces Class Action Against D-Wave Quantum Inc. (QBTS) - Investors Who Suffered Losses Are Encouraged to Contact the Firm22 Oct
  • Lost Money on D-Wave Quantum, Inc. Stock? Glancy Prongay Wolke & Rotter LLP Investigates Possible Securities Fraud After 9.51% Share Price Drop22 Oct
  • Lost Money on D-Wave Quantum, Inc. Stock? Glancy Prongay Wolke & Rotter LLP Investigates Possible Securities Fraud After 9.51% Share Price Drop22 Oct
  • QBTS Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in D-Wave Quantum Inc. Securities Lawsuit - Contact SueWallSt22 Oct
  • Pomerantz Law Firm Announces the Filing of a Class Action Against D-Wave Quantum Inc. and Certain Officers - QBTS22 Oct
  • Did You Lose Money on D-Wave Quantum, Inc. Stock? The Law Offices of Howard G.22 Oct
  • Faruqi & Faruqi, LLP Urges D-Wave Quantum Inc. (QBTS) Investors to Seek Counsel Before the December 15, 2026 Lead Plaintiff Deadline in the Securities Class Action22 Oct
  • D-WAVE QUANTUM INC. (QBTS) SHAREHOLDER ALERT Bernstein Liebhard LLP Reminds D-Wave Quantum Inc. Investors of Upcoming Deadline22 Oct

Mentions in Filings

  • … 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 - 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 - SUMMARY PROSPECTUS·Q3 26·28 Aug
  • … of an actively-managed portfolio of securities of three quantum computing technologies companies (the “Target Portfolio”) for a single trading day. The Target Portfolio is currently composed of IONQ, Inc. (“IONQ”), <strong>D-Wave Quantum Inc.</strong> (“QBTS”), and Rigetti Computing, Inc. (“RGTI”). The composition of the Target Portfolio may change from time to time, including on a quarterly basis. Each trading day, the Target Portfolio is generally rebalanced to …
    Investment Managers Series Trust IID-Wave Quantum Inc.·485APOS - Post-effective amendment (open-end investment companies)·14 Aug·14 Aug
  • … | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Reference Entity | Shares | | Notional Value | | | Net Unrealized Appreciation (Depreciation) | | | Percentage of Swap Value | | | AEROVIRONMENT INC | (184 | ) | $ | (35,841 | ) | $ | 11,995 | | 11.1 | % | | APPLOVIN CORP – CLASS A | (110 | ) | | (49,072 | ) | | 11,057 | | 10.2 | % | | ARCHER AVIATION INC – A | (7,224 | ) | | (41,466 | ) | | 10,544 | | 9 …
    SEG Partners Long/Short Equity FundD-Wave Quantum Inc.·486BPOS - Post-effective amendment (closed-end investment companies)·Q4 26·16 Oct
  • … ing the market competitiveness of our executive compensation program. In August 2025 the Committee formally approved the Fiscal Year 2026 peer group as listed below: | | | | | --- | --- | --- | | Alkami Technology | <strong>D-Wave Quantum</strong>\* | Payoneer Global | | Box | Hut 8\* | Q2 Holdings\* | | C3.ai\* | IREN\* | Rambus\* | | Cipher Mining | MARA Holdings | Rigetti Computing\* | | CleanSpark | Marqeta | Riot Platforms | | Couchbase | Nebius Group N.V. …
    Applied Digital Corp.D-Wave Quantum Inc.·DEF 14A - Definitive proxy statement·Q2 27·25 Sep

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/EN/A
Est EPSN/A
Est PEGN/A

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 USD23 Oct '26
Price (As of 23 Oct '26)11.61
Basic Shares367.27
Market Cap4,264.0
Diluted Shares367.47
Fully Diluted Shares Outstanding367.47
Fully Diluted Market Cap4,266.4
+Consolidated Debt46.8
−In-the-Money Convertible Debt—
+Capital Leases11.3
+Operating Leases—
−Cash & Equivalents-338.2
−Short-term Investments-250.2
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value3,972.6

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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