QBTS Company Profile and Key Details

Q: Who are the executives of QBTS?

Mr. Eric LadizinskyCo-Founder & Chief ScientistDr. Alan E. Baratz Ph.D.Pres, Chief Executive Officer & DirectorMs. Michele MacreadySenior Vice President of Software, Algorithms & Cloud ServicesDr. Mohammad H. S. AminPrincipal ScientistMs. Michelle MaggsVice President of Corporation MarketingMr. Mark SnedekerSenior Vice President of GrowthMs. Victoria BrydonSenior Vice President of People & Operational ExcellenceMs. Diane NguyenVice President of LegalMr. John M. MarkovichChief Financial OfficerDr. Mark W. JohnsonSenior Vice President of Quantum Technologies & Systems Products

NYSE : QBTS

D-Wave Quantum

$32.03

5.2127+19.44%

Open: 1:26 PM

69.6

BESG ScoreESG Rating

Profile Key Stats Analyst Ratings Ownership Ratios Financials Dividend & splits Sentiment Forecast

Price Chart

Stock Price Today

D-Wave Quantum Inc. (QBTS) stock surged +19.44%, trading at $32.03 on NYSE, up from the previous close of $26.82. The stock opened at $27.66, fluctuating between $27.62 and $32.39 in the recent session.

Stock Snapshot

26.82

Prev. Close

11.11B

Market Cap

27.62

Day Low

-22.24

P/E Ratio

-1.44

EPS (TTM)

-0.39

Cash Flow per Share

27.66

Open

346.72M

Number of Shares

32.39

Day High

97.96%

Free Float in %

-0.15

Book Value

42.45M

Volume

Relevant Articles

SEC Fillings

Current Report (8-k)

Filing Date	Accepted Date

Annual Report (10-k)

Filing Date	Accepted Date

Stock Price History Chart

Date	Open	High	Low	Close	Volume
Dec 19, 2025	25.42	27.06	25.25	26.82	31.78M
Dec 17, 2025	26.00	27.29	23.77	23.80	29.32M
Dec 16, 2025	23.94	25.59	23.85	25.52	26.08M
Dec 15, 2025	26.40	26.63	23.57	23.74	29.66M
Dec 12, 2025	27.58	28.13	25.22	26.10	33.17M
Dec 11, 2025	27.05	28.49	25.61	27.98	31.12M
Dec 10, 2025	28.18	28.58	26.72	26.80	32.94M
Dec 09, 2025	27.77	28.76	27.13	28.33	21.98M
Dec 08, 2025	27.92	29.15	26.64	28.44	37.56M
Dec 05, 2025	28.57	28.88	26.20	27.00	37.9M
Dec 04, 2025	25.05	28.90	24.70	28.73	51.69M
Dec 03, 2025	22.86	25.28	22.34	25.08	35.48M
Dec 02, 2025	21.57	22.91	21.42	22.50	19.63M
Dec 01, 2025	22.01	22.25	21.32	21.42	16.97M
Nov 28, 2025	22.75	22.96	22.22	22.67	9.46M
Nov 26, 2025	22.69	22.98	22.00	22.41	21.46M
Nov 25, 2025	22.49	22.91	21.55	22.59	23.7M
Nov 24, 2025	20.52	23.34	20.45	23.11	29.3M
Nov 21, 2025	20.40	20.75	18.55	20.41	40.75M
Nov 20, 2025	23.97	24.69	20.36	20.51	40.46M

Contact Details

Palo Alto, BC V5G 4M9

Canada

https://www.dwavesys.com 604 630 1428

About Company

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.

Stock Peers

ANET

6.5+5.22%

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3.48+2.83%

Dell Technologies Inc.$126.42 PSTG

2.07+3.09%

Pure Storage, Inc.$69.13 IONQ

2.04+4.39%

IonQ, Inc.$48.48 IONQ-WT

0.23+0.64%

IonQ, Inc. WT$36.03 HPQ

-0.19-0.81%

HP Inc.$23.26 QBTS-WT

-0.96-4.25%

D-Wave Quantum Inc.$21.62 FATH

-0.22-4.17%

Fathom Digital Manufacturing Corporation$5.05 DM

0.05+1.02%

Desktop Metal, Inc.$4.96 MKFG

-0.02-0.42%

Markforged Holding Corporation$4.74

Company Overview

D-Wave Quantum Inc. (NYSE:QBTS) closed at $32.03 USD, gaining $5.21 (19.44%) from the previous close of $26.82. The stock is currently mid-range between its 52-week high and low $3.74 and $46.75. With a market capitalization of about $11.11 billion, D-Wave Quantum Inc. is classified as a large-cap and shows higher-than-market volatility (beta ~1.56). Key stats such as the average daily volume over the past year has been around 48.46 million shares, in line with its 52-week average. Headquartered in Palo Alto, BC, D-Wave Quantum Inc. operates in the Technology sector and the Computer Hardware industry. Led by CEO Alan E. Baratz, the company employs approximately 216 people and listed since December 11, 2020. D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide.

Technical Performance

Short-term trend indicators are mixed aligned (SMA20 7.64%, SMA50 -7.13%, SMA200 44.83%). The stock’s 14-day RSI is 52.02 (neutral), while the ATR of 2.6 points to higher daily volatility. The stock remains hovering near 52-week lows, trading -42.63% below its high and over 617.11% above its low. Average 10-day trading volume of 30.00 million shares is below the 3-month average of 48.43 million, indicating normal recent market interest.

Valuation Metrics

D-Wave Quantum Inc. trades at a P/E ratio of -23.0, slightly below the S&P 500 average, with a price-to-sales ratio of 385.0 and a price-to-book ratio of 13.68 reflecting a rich premium to book value. The P/FCF stands at -169.75, also below market averages. Compared to sector medians, D-Wave Quantum Inc. P/S is trading rich, and the P/B is far higher than peers, underscoring the brand and earnings power premium investors assign to the stock.

Dividend & Fair Value

D-Wave Quantum Inc. last paid a dividend of 0 per share, Dividend and splits history remains an important factor for investors monitoring long-term returns. A discounted cash flow model estimates fair value at around -$0.28. This means the shares are trading below this model’s fair value.

Earnings & Analyst Outlook

D-Wave Quantum Inc. generated EPS of -$1.35 over the past year. Five-year average earnings growth is -0.61%. Wall Street analysts project EPS growth of 19.96% annually over the next five years. The latest quarter delivered EPS of -$0.05. The next quarter is forecast at -$0.06. Next year's EPS is expected at $18.97. Analyst sentiment is bullish. Analyst rating data shows there are 6 Strong Buy ratings, 21 Buy ratings, 0 Hold ratings, 0 Sell rating and 0 Strong Sell ratings. Price targets range from $46.00 to $8.00. The high target offers 71.58% upside. The low target suggests -70.16% downside. The mean target is $24.22. This offers -9.66% upside. D-Wave Quantum Inc. earnings surprise history is a mixed track record. The quarter that ended November 06, 2025, missed forecasts by -28.57%. The prior quarter beat by 816.67%. Over the last six quarters, Apple has recorded several small beats. These include 0.0% in August 08, 2024.

Shareholding & Insider Activity

D-Wave Quantum Inc. has 338.60 million shares outstanding. The public float is 331.70 million shares, elevated short interest at 19.92% of float. This equals 65.75 million shares. The short ratio is 1.78 days. Institutional investors hold 46.45% of the float. Insiders own 1.65%. PUBLIC SECTOR PENSION INVESTMENT BOARD holds 20.38 million shares, BARATZ ALAN E has 2.63 million shares and Markovich John M. has 1.47 million shares. Over the past six months, insider transactions show net selling. They sold 1.91 million shares across 23 transactions.

Financial & Profitability Overview

Over the trailing twelve months, D-Wave Quantum generated $8.76M in revenue, or $0.06 per share. Gross margin was 52.77%, operating margin -919.68%, and net profit margin -944.45%. Returns are negative, with ROA at -139.35% and ROE at 337.87%.
On valuation metrics, D-Wave Quantum trades at a P/E of -23.00, P/S of 385.00 and P/B of 13.68. The current ratio is 54.68 and quick ratio is 54.49. Operationally, the company’s inventory turnover is 1.47 and cash conversion cycle is 190.91 days. Debt-to-equity is 0.01, supported by a cash flow-to-debt ratio of -6.67.

Quarterly Financial Highlights

For the quarter ended Dec 31, 2023, D-Wave Quantum posted revenue of $8.76M, down slightly from $7.17M in the prior quarter. Gross profit was $4.62M (margin 52.77%). Operating income was - $80.55M (margin -919.7%). Net income was- $82.72M (EPS - $0.60).
The company ended the quarter with $41.31M in cash and short-term investments, a total debt of $72.65M, and net debt of $31.34M. Total assets were $59.36M, with equity of - $24.48M. Financials further reflected weakness, with operating cash flow of - $60.65M, free cash flow of - $61.28M, and capital expenditures of - $630.00K.

Price Forecast & Outlook

Our AI price prediction model suggests that D-Wave Quantum Inc. stock has strong potential for upside but may face short-term weakness followed by gains in the medium and long term. 2-Week Outlook: Projected increase of 6.56%, with price expected at $28.58 by January 02, 2026, within a range of $25.98 to $31.45 3-Month Outlook: Projected rise of 82.81%, reaching $49.03 by March 19, 2026, with a range of $48.51 to $49.51. 1-Year Outlook: Projected gain of 26.96%, with price at $34.05 by December 18, 2026, within a range of $31.26 to $35.92.

Key Takeaways

D-Wave Quantum Inc. (NYSE:QBTS) shares are up 219.29% year-to-date currently trading near 52-week highs band. Short-term momentum has been negative over the last quarter, despite recent volatility. Valuation shows D-Wave Quantum Inc. trading at a premium to the broader market with a P/E of -23.0. Analyst sentiment is bullish, with the majority of ratings in Outperform territory and a mean price target of $17.31, suggesting -35.46% downside. Our AI forecast model points to short-term strength (6.56% over two weeks), a medium-term rise (82.81% over three months), and a longer-term gain (26.96% over one year), with expected trading ranges indicating moderate volatility.

Frequently Asked Questions

What is the current D-Wave Quantum Inc. (QBTS) stock price?

D-Wave Quantum Inc. (NYSE: QBTS) stock price is $32.03 in the last trading session. During the trading session, QBTS stock reached the peak price of $32.39 while $27.62 was the lowest point it dropped to. The percentage change in QBTS stock occurred in the recent session was 19.44% while the dollar amount for the price change in QBTS stock was $5.21.

QBTS's industry and sector of operation?

The NYSE listed QBTS is part of Computer Hardware industry that operates in the broader Technology sector. D-Wave Quantum Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide.

Who are the executives of QBTS?

Mr. Eric Ladizinsky
Co-Founder & Chief Scientist
Dr. Alan E. Baratz Ph.D.
Pres, Chief Executive Officer & Director
Ms. Michele Macready
Senior Vice President of Software, Algorithms & Cloud Services
Dr. Mohammad H. S. Amin
Principal Scientist
Ms. Michelle Maggs
Vice President of Corporation Marketing
Mr. Mark Snedeker
Senior Vice President of Growth
Ms. Victoria Brydon
Senior Vice President of People & Operational Excellence
Ms. Diane Nguyen
Vice President of Legal
Mr. John M. Markovich
Chief Financial Officer
Dr. Mark W. Johnson
Senior Vice President of Quantum Technologies & Systems Products

How QBTS did perform over past 52-week?

QBTS's closing price is 616.85% higher than its 52-week low of $3.74 where as its distance from 52-week high of $46.75 is -42.65%.

How many employees does QBTS have?

Number of QBTS employees currently stands at 216.

Link for QBTS official website?

Official Website of QBTS is: https://www.dwavesys.com

How do I contact QBTS?

QBTS could be contacted at phone 604 630 1428 and can also be accessed through its website. QBTS operates from 3033 Beta Avenue, Palo Alto, BC V5G 4M9, Canada.

How many shares of QBTS are traded daily?

QBTS stock volume for the day was 42.45M shares. The average number of QBTS shares traded daily for last 3 months was 48.46M.

What is the market cap of QBTS currently?

The market value of QBTS currently stands at $11.11B with its latest stock price at $32.03 and 346.72M of its shares outstanding.

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Employees	216
Beta	1.56
Sales or Revenue	$8.76M
5Y Sales Change%	-0.539%
Fiscal Year Ends	December
Sector	Technology
Industry	Computer Hardware

QBTS Company Profile and Key Details

D-Wave Quantum

Price Chart

Stock Price Today

Stock Snapshot

Relevant Articles

SEC Fillings

Current Report (8-k)

Annual Report (10-k)

Stock Price History Chart

Contact Details

About Company

Company Information

Stock Peers

Company Overview

Technical Performance

Valuation Metrics

Dividend & Fair Value

Earnings & Analyst Outlook

Shareholding & Insider Activity

Financial & Profitability Overview

Quarterly Financial Highlights

Price Forecast & Outlook

Key Takeaways

Frequently Asked Questions

Technical Performance

Company Overview

Shareholding & Insider Activity

Financial & Profitability Overview

Quarterly Financial Highlights

Dividend & Fair Value

Earnings & Analyst Outlook

Key Takeaways

Price Forecast & Outlook

Valuation Metrics