D-Wave Quantum (QBTS) Expected to Announce Quarterly Earnings on Thursday

Key Points

• D-Wave Quantum is set to announce its Q3 2025 earnings on November 6th, expecting to report a loss of ($0.07) per share and a revenue of $3.028 million.
• The company's previous quarter showed a revenue increase of 40.9% year-over-year, despite reporting a loss of ($0.08) per share, missing estimates by ($0.03).
• Insider activity was notable, with directors selling shares at an average price of $17.93, decreasing their ownership significantly in September.

D-Wave Quantum (NYSE:QBTS - Get Free Report) is projected to release its Q3 2025 results before the market opens on Thursday, November 6th. Analysts expect D-Wave Quantum to post earnings of ($0.07) per share and revenue of $3.0280 million for the quarter. Investors can find conference call details on the company's upcoming Q3 2025 earningreport page for the latest details on the call scheduled for Thursday, November 6, 2025 at 8:00 AM ET.

D-Wave Quantum (NYSE:QBTS - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The company had revenue of $3.10 million during the quarter, compared to the consensus estimate of $2.55 million. D-Wave Quantum had a negative net margin of 1,263.92% and a negative return on equity of 118.87%. The company's revenue was up 40.9% compared to the same quarter last year. On average, analysts expect D-Wave Quantum to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

D-Wave Quantum Trading Up 6.8%

D-Wave Quantum stock opened at $34.19 on Thursday. The business has a 50 day moving average price of $25.76 and a two-hundred day moving average price of $18.40. The company has a quick ratio of 42.86, a current ratio of 42.99 and a debt-to-equity ratio of 0.05. D-Wave Quantum has a 12 month low of $0.98 and a 12 month high of $46.75. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of -32.56 and a beta of 1.49.

Insider Activity

In other news, Director Rohit Ghai sold 10,000 shares of D-Wave Quantum stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $17.93, for a total value of $179,300.00. Following the completion of the transaction, the director owned 47,778 shares in the company, valued at approximately $856,659.54. The trade was a 17.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John D. Dilullo sold 8,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $17.93, for a total value of $143,440.00. Following the sale, the director owned 36,295 shares in the company, valued at approximately $650,769.35. This trade represents a 18.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 207,363 shares of company stock worth $4,659,478. Corporate insiders own 3.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Baird Financial Group Inc. increased its position in D-Wave Quantum by 12.0% in the 1st quarter. Baird Financial Group Inc. now owns 12,135 shares of the company's stock valued at $92,000 after acquiring an additional 1,300 shares in the last quarter. Royal Bank of Canada grew its stake in shares of D-Wave Quantum by 59.8% during the first quarter. Royal Bank of Canada now owns 162,088 shares of the company's stock valued at $1,231,000 after purchasing an additional 60,668 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of D-Wave Quantum by 201.0% during the first quarter. AQR Capital Management LLC now owns 200,765 shares of the company's stock valued at $1,526,000 after purchasing an additional 134,066 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of D-Wave Quantum by 93.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,572 shares of the company's stock valued at $825,000 after purchasing an additional 52,437 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in D-Wave Quantum by 125.7% in the 1st quarter. NewEdge Advisors LLC now owns 43,786 shares of the company's stock worth $333,000 after purchasing an additional 24,382 shares during the last quarter. 42.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on QBTS. Stifel Nicolaus assumed coverage on D-Wave Quantum in a research note on Tuesday, August 5th. They issued a "buy" rating and a $26.00 target price for the company. Rosenblatt Securities initiated coverage on shares of D-Wave Quantum in a report on Tuesday, July 29th. They issued a "buy" rating and a $30.00 price target on the stock. B. Riley raised their price objective on shares of D-Wave Quantum from $22.00 to $33.00 and gave the stock a "buy" rating in a report on Monday, September 22nd. Zacks Research cut shares of D-Wave Quantum from a "hold" rating to a "strong sell" rating in a research note on Monday, October 6th. Finally, Weiss Ratings reissued a "sell (e+)" rating on shares of D-Wave Quantum in a research report on Tuesday, October 14th. Eleven analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, D-Wave Quantum has an average rating of "Moderate Buy" and a consensus target price of $20.27.

D-Wave Quantum Company Profile

D-Wave Quantum Inc develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python 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.

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