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

Company Overview

D-Wave Quantum Inc. (NASDAQ: QBTS) is a quantum computing company that develops and provides quantum computing systems, software, and related services. The company focuses on both quantum annealing and gate-model quantum computing, with the goal of helping organizations address complex optimization, artificial intelligence, materials science, cybersecurity, and other computational challenges.

Its product portfolio includes quantum computing systems, hybrid quantum-classical solutions, and the Leap quantum cloud service, which gives customers access to D-Wave systems through the cloud. D-Wave also offers the Ocean software development kit and other tools designed to help developers create, test, and deploy quantum applications that can be integrated with conventional computing infrastructure.

Founded in 1999, D-Wave has worked with organizations in industries such as manufacturing, logistics, financial services, pharmaceuticals, government, and research. The company serves customers and research partners internationally through direct relationships, cloud access, and collaborations with technology providers and academic institutions. Alan Baratz serves as D-Wave’s president and chief executive officer.

Key Stats

• Today's Range: $10.13 to $10.72
• 50-Day Range: $10.09 to $17.90
• 52-Week Range: $10.02 to $32.39
• Volume: 11.90 million shs
• Average Volume: 14.02 million shs
• Market Capitalization: $3.84 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $35.40
• Consensus Rating: Moderate Buy

D-Wave Quantum Stock Analysis - MarketRank™

D-Wave Quantum scored higher than 53% of companies evaluated by MarketBeat, and ranked 352nd out of 586 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 $35.40, representing about 241.0% upside from its current price of $10.38.

Amount of Analyst Coverage

D-Wave Quantum has been the subject of 5 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 ($0.50) to ($0.51) per share.

Price to Book Value per Share Ratio

D-Wave Quantum has a P/B Ratio of 4.51. 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

21.67% 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 5.

Change versus previous month

Short interest in D-Wave Quantum has recently increased by 11.58%, 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: 2.6 / 5
• News Sentiment: 0.10

News Sentiment

D-Wave Quantum has a news sentiment score of 0.10. 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 0.49 average news sentiment score of Technology companies.

News Coverage This Week

MarketBeat has tracked 52 news articles for D-Wave Quantum this week, compared to 8 articles on an average week.

Search Interest

Only 86 people have searched for QBTS on MarketBeat in the last 30 days. This is a decrease of -14% compared to the previous 30 days.

MarketBeat Follows

85 people have added D-Wave Quantum to their MarketBeat watchlist in the last 30 days. This is an increase of 183% 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 $19,800.00 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: 11/05/2026
• Next Earnings (Estimated): 11/10/2026
• 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: $35.40
• High Price Target: $44.00
• Low Price Target: $22.00
• Potential Upside/Downside: +241.0%
• 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: 156.15
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.30 per share
• Price / Book: 4.51

Miscellaneous

• Outstanding Shares: 369,910,000
• Free Float: 365,105,000
• Market Cap: $3.84 billion
• Optionable: Optionable
• Beta: 2.35