D-Wave Quantum (QBTS) Stock Price, News & Analysis

Company Overview

D-Wave Quantum Inc. (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources. D-Wave’s Ocean software development kit enables users to formulate problems for quantum processing, while its Leap quantum cloud service offers remote access to quantum hardware and development tools. These offerings are used across industries such as logistics, finance, materials science and machine learning to address tasks that are intractable for classical computers.

D-Wave serves a global customer base through direct sales and partnerships, with deployments spanning North America, Europe and Asia. Its cloud-based access model allows research institutions, technology firms and enterprise clients to experiment with quantum applications without needing on-premises hardware. The company maintains research collaborations and partnerships with organizations in the automotive, aerospace and pharmaceutical sectors.

The leadership team is led by President and Chief Executive Officer Alan Baratz, who joined D-Wave in 2014 and has steered its transition to a publicly traded company. Under his guidance, D-Wave has expanded its hardware roadmap and cultivated a developer ecosystem around its quantum platform. The company continues to invest in next-generation quantum processors and software to broaden the scope of real-world applications.

Key Stats

• Today's Range: $21.70 to $24.04
• 50-Day Range: $12.96 to $23.85
• 52-Week Range: $6.82 to $46.75
• Volume: 39.30 million shs
• Average Volume: 33.06 million shs
• Market Capitalization: $8.82 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $35.53
• Consensus Rating: Moderate Buy

D-Wave Quantum Stock Analysis - MarketRank™

D-Wave Quantum scored higher than 62% of companies evaluated by MarketBeat, and ranked 312th out of 626 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

D-Wave Quantum has received a consensus rating of Moderate Buy. The company's average rating score is 2.76, and is based on no strong buy ratings, 14 buy ratings, 2 hold ratings, and 1 sell rating.

Upside Potential

D-Wave Quantum has a consensus price target of $35.53, representing about 49.0% upside from its current price of $23.85.

Amount of Analyst Coverage

D-Wave Quantum has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for D-Wave Quantum are expected to decrease in the coming year, from ($0.44) to ($0.53) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of D-Wave Quantum is -21.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of D-Wave Quantum is -21.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

D-Wave Quantum has a P/B Ratio of 10.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for QBTS.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

D-Wave Quantum does not currently pay a dividend.

Dividend Growth

D-Wave Quantum does not have a long track record of dividend growth.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 0.43

News Sentiment

D-Wave Quantum has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 30 news articles for D-Wave Quantum this week, compared to 12 articles on an average week.

Search Interest

166 people have searched for QBTS on MarketBeat in the last 30 days. This is an increase of 110% compared to the previous 30 days.

MarketBeat Follows

127 people have added D-Wave Quantum to their MarketBeat watchlist in the last 30 days. This is an increase of 176% compared to the previous 30 days.

Company Ownership

• Score: 1.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, D-Wave Quantum insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $574,571.00 in company stock.

Percentage Held by Insiders

3.20% of the stock of D-Wave Quantum is held by insiders.

Percentage Held by Institutions

42.47% of the stock of D-Wave Quantum is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

QBTS Stock Analysis - Frequently Asked Questions

How have QBTS shares performed this year?

D-Wave Quantum's stock was trading at $26.10 on January 1st, 2026. Since then, QBTS shares have decreased by 8.6% and is now trading at $23.8460.

How were D-Wave Quantum's earnings last quarter?

D-Wave Quantum Inc. (NYSE:QBTS) issued its earnings results on Thursday, February, 26th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.04. The company's revenue for the quarter was up 21.7% compared to the same quarter last year.
Read the conference call transcript.

Who are D-Wave Quantum's major shareholders?

Top institutional shareholders of D-Wave Quantum include Bank of New York Mellon Corp (0.39%), SG Americas Securities LLC (0.27%), Emerald Advisers LLC (0.15%) and Allspring Global Investments Holdings LLC (0.03%). Insiders that own company stock include Sector Pension Investme Public, Alan E Baratz, John M Markovich, Emil Michael, Sophie C Ames, Victoria Brydon, Diane Nguyen, Kirstjen Nielsen, Rohit Ghai, John D Dilullo and Roger Biscay.
View institutional ownership trends.

How do I buy shares of D-Wave Quantum?

Shares of QBTS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of D-Wave Quantum own?

Based on aggregate information from My MarketBeat watchlists, some other companies that D-Wave Quantum investors own include Enovix (ENVX), Ginkgo Bioworks (DNA), Rambus (RMBS), Toast (TOST), Compass Pathways (CMPS), Globant (GLOB) and Luminar Technologies (LAZR).

Company Calendar

• Last Earnings: 2/26/2026
• Today: 5/06/2026
• Next Earnings (Confirmed): 5/12/2026
• Investor Day 2026: 6/01/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: INTERNET SOFTWARE
• Sub-Industry: Business Services
• Current Symbol: NYSE:QBTS
• CIK: 1907982
• Web: www.dwavesys.com
• Phone: 604-630-1428
• Fax: N/A
• Employees: 3
• Year Founded: 1999

Price Target and Rating

• Average Price Target for D-Wave Quantum: $35.53
• High Price Target: $45.00
• Low Price Target: $22.00
• Potential Upside/Downside: +49.0%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.76
• Research Coverage: 17 Analysts

Profitability

• EPS (Trailing Twelve Months): ($1.10)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$355.06 million
• Net Margins: -1,444.10%
• Pretax Margin: -1,444.10%
• Return on Equity: -58.58%
• Return on Assets: -48.13%

Debt

• Debt-to-Equity Ratio: 0.04
• Current Ratio: 42.38
• Quick Ratio: 42.25

Sales & Book Value

• Annual Sales: $24.59 million
• Price / Sales: 358.72
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.30 per share
• Price / Book: 10.37

Miscellaneous

• Outstanding Shares: 369,910,000
• Free Float: 358,077,000
• Market Cap: $8.82 billion
• Optionable: Optionable
• Beta: 1.95