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

Company Overview

D-Wave Quantum Inc. is a quantum-computing company that develops and delivers quantum systems, software and cloud-based services for commercial, government and research customers. The company focuses on quantum annealing, an approach designed to address complex optimization problems, and is also developing gate-model quantum-computing capabilities.

Its offerings include D-Wave quantum computers, the Leap quantum cloud service, and the Ocean software development kit. Through these products, customers can access quantum hardware, build and test applications, and combine quantum processing with classical computing through hybrid solvers. Potential applications include logistics, scheduling, supply-chain management, manufacturing, artificial intelligence and other optimization-intensive tasks.

D-Wave was founded in 1999 and became a publicly traded company in 2022 through a business combination with DPCM Capital. The company serves organizations in North America, Europe and other international markets. Alan Baratz has served as D-Wave’s president and chief executive officer since 2020.

Key Stats

• Today's Range: $16.39 to $17.20
• 50-Day Range: $16.18 to $21.83
• 52-Week Range: $12.75 to $46.75
• Volume: 12.60 million shs
• Average Volume: 15.43 million shs
• Market Capitalization: $6.13 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $36.27
• Consensus Rating: Moderate Buy

D-Wave Quantum Stock Analysis - MarketRank™

D-Wave Quantum scored higher than 62% of companies evaluated by MarketBeat, and ranked 294th out of 595 stocks in the 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 2.75, and is based on no strong buy ratings, 13 buy ratings, 2 hold ratings, and 1 sell rating.

Upside Potential

D-Wave Quantum has a consensus price target of $36.27, representing about 118.9% upside from its current price of $16.57.

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 ($0.46) to ($0.52) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of D-Wave Quantum is -23.34, 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 -23.34, 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 7.20. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

18.62% of the float of D-Wave Quantum has been sold short.

Short Interest Ratio / Days to Cover

D-Wave Quantum has a short interest ratio ("days to cover") of 4.69.

Change versus previous month

Short interest in D-Wave Quantum has recently decreased by 4.88%, indicating that investor sentiment is improving.

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: 0.52

News Sentiment

D-Wave Quantum has a news sentiment score of 0.52. 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 0.66 average news sentiment score of Technology companies.

News Coverage This Week

MarketBeat has tracked 25 news articles for D-Wave Quantum this week, compared to 8 articles on an average week.

Search Interest

93 people have searched for QBTS on MarketBeat in the last 30 days. This is an increase of 4% compared to the previous 30 days.

MarketBeat Follows

82 people have added D-Wave Quantum to their MarketBeat watchlist in the last 30 days. This is an increase of 67% 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 $71,836.00 in company stock.

Percentage Held by Insiders

1.30% 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.

Company Calendar

• Last Earnings: 8/06/2026
• Today: 10/01/2026
• Next Earnings (Estimated): 11/05/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Technology
• Industry: Software
• Sub-Industry: Application Software
• Current Symbol: NASDAQ:QBTS
• Previous Symbol: NYSE:QBTS
• CIK: 1907982
• Web: www.dwavequantum.com
• Phone: (650) 285-2881
• Fax: N/A
• Employees: 388
• Year Founded: 1999

Price Target and Rating

• Average Price Target for D-Wave Quantum: $36.27
• High Price Target: $44.00
• Low Price Target: $22.00
• Potential Upside/Downside: +118.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 16 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.71)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$355.06 million
• Net Margins: -2,001.59%
• Pretax Margin: -2,230.51%
• Return on Equity: -26.67%
• Return on Assets: -24.03%

Debt

• Debt-to-Equity Ratio: 0.03
• Current Ratio: 20.55
• Quick Ratio: 20.42

Sales & Book Value

• Annual Sales: $24.59 million
• Price / Sales: 249.26
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.30 per share
• Price / Book: 7.20

Miscellaneous

• Outstanding Shares: 369,910,000
• Free Float: 365,105,000
• Market Cap: $6.13 billion
• Optionable: Optionable
• Beta: 2.15