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: $17.67 to $18.48
• 50-Day Range: $16.18 to $23.98
• 52-Week Range: $12.75 to $46.75
• Volume: 18.34 million shs
• Average Volume: 27.95 million shs
• Market Capitalization: $6.73 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 57% of companies evaluated by MarketBeat, and ranked 352nd out of 592 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 99.8% upside from its current price of $18.15.

Amount of Analyst Coverage

D-Wave Quantum has been the subject of 8 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 -25.56, 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 -25.56, 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 7.89. 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

18.34% 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 4.06.

Change versus previous month

Short interest in D-Wave Quantum has recently increased by 1.58%, indicating that investor sentiment is decreasing.

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: 3.8 / 5
• News Sentiment: 1.06

News Sentiment

D-Wave Quantum has a news sentiment score of 1.06. 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 higher news sentiment than the 0.74 average news sentiment score of Technology companies.

News Coverage This Week

MarketBeat has tracked 22 news articles for D-Wave Quantum this week, compared to 8 articles on an average week.

Search Interest

Only 79 people have searched for QBTS on MarketBeat in the last 30 days. This is a decrease of -44% compared to the previous 30 days.

MarketBeat Follows

107 people have added D-Wave Quantum to their MarketBeat watchlist in the last 30 days. This is an increase of 84% 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 $25,963,780.00 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: 9/08/2026
• 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.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: $36.27
• High Price Target: $44.00
• Low Price Target: $22.00
• Potential Upside/Downside: +98.2%
• 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: 275.21
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $2.30 per share
• Price / Book: 7.95

Miscellaneous

• Outstanding Shares: 369,910,000
• Free Float: 365,105,000
• Market Cap: $6.77 billion
• Optionable: Optionable
• Beta: 2.15