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

Company Overview

D-Wave Quantum Inc. develops quantum computing systems, software, and services for commercial, government, and research customers. The company is best known for its quantum annealing technology, which is designed to help solve complex optimization problems involving areas such as logistics, scheduling, manufacturing, artificial intelligence, and financial modeling.

D-Wave also develops gate-model quantum computing technology and provides access to its systems through cloud-based services, including the Leap quantum application environment. Its offerings include quantum processors, hybrid quantum-classical solutions, developer tools, and professional services intended to help organizations explore and deploy quantum applications.

Founded in 1999, D-Wave became a publicly traded company in 2022 through a business combination with DPCM Capital, Inc. The company serves customers and partners internationally across industries including automotive, manufacturing, logistics, financial services, government, and research. D-Wave Quantum is led by President and Chief Executive Officer Alan Baratz.

Key Stats

• Today's Range: $16.25 to $16.94
• 50-Day Range: $16.18 to $21.83
• 52-Week Range: $12.75 to $46.75
• Volume: 8.48 million shs
• Average Volume: 27.60 million shs
• Market Capitalization: $6.05 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 52% of companies evaluated by MarketBeat, and ranked 385th out of 599 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 119.1% upside from its current price of $16.55.

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 -23.31, 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 -23.31, 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: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

19.58% 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 4.54.

Change versus previous month

Short interest in D-Wave Quantum has recently increased by 6.75%, indicating that investor sentiment is decreasing significantly.

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: 2.9 / 5
• News Sentiment: 0.67

News Sentiment

D-Wave Quantum has a news sentiment score of 0.67. 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 0.84 average news sentiment score of Technology companies.

News Coverage This Week

MarketBeat has tracked 37 news articles for D-Wave Quantum this week, compared to 8 articles on an average week.

Search Interest

Only 77 people have searched for QBTS on MarketBeat in the last 30 days. This is a decrease of -42% compared to the previous 30 days.

MarketBeat Follows

99 people have added D-Wave Quantum to their MarketBeat watchlist in the last 30 days. This is an increase of 41% 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 $5,570,847.00 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: 9/15/2026
• 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: 3
• 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: +118.5%
• 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: $12.43 million
• Price / Sales: 494.12
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.30 per share
• Price / Book: 7.22

Miscellaneous

• Outstanding Shares: 369,914,000
• Free Float: 365,105,000
• Market Cap: $6.14 billion
• Optionable: Optionable
• Beta: 2.15