d-wave quantum - QBTS

QBTS

Close Chg Chg %
29.21 3.52 12.03%

Closed Market

32.73

+3.52 (12.03%)

Volume: 89.97M

Last Updated:

Oct 3, 2025, 3:59 PM EDT

Company Overview: d-wave quantum - QBTS

QBTS Key Data

Open

$30.60

Day Range

29.95 - 33.28

52 Week Range

0.87 - 33.28

Market Cap

$9.99B

Shares Outstanding

342.02M

Public Float

326.56M

Beta

1.48

Rev. Per Employee

N/A

P/E Ratio

N/A

EPS

-$1.05

Yield

0.00%

Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

58.60M

 

QBTS Performance

1 Week
 
22.20%
 
1 Month
 
112.75%
 
3 Months
 
94.76%
 
1 Year
 
3,170.00%
 
5 Years
 
N/A
 

QBTS Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 10
Full Ratings ➔

About d-wave quantum - QBTS

D-Wave Quantum, Inc. engages in the development and delivery of quantum computing systems, software, and services. It provides customers with access to the company’s quantum computing systems via the cloud in the form of quantum computing as a service. It offers professional services such as customer assistance in identifying and implementing quantum-computing applications. The company was founded on January 25, 2022 and is headquartered in Palo Alto, CA.

QBTS At a Glance

D-Wave Quantum, Inc.
2650 East Bayshore Road
Palo Alto, California 94303
Phone 1-604-630-1428 Revenue 8.83M
Industry Computer Processing Hardware Net Income -143,879,000.00
Sector Electronic Technology 2024 Sales Growth 0.788%
Fiscal Year-end 12 / 2025 Employees 220
View SEC Filings

QBTS Valuation

P/E Current N/A
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) N/A
Price to Sales Ratio 182.835
Price to Book Ratio 35.748
Price to Cash Flow Ratio N/A
Enterprise Value to EBITDA -19.581
Enterprise Value to Sales 167.019
Total Debt to Enterprise Value 0.026

QBTS Efficiency

Revenue/Employee 40,122.727
Income Per Employee -653,995.455
Receivables Turnover 6.216
Total Asset Turnover 0.068

QBTS Liquidity

Current Ratio 6.138
Quick Ratio 6.082
Cash Ratio 5.904

QBTS Profitability

Gross Margin 63.023
Operating Margin -874.85
Pretax Margin -1,629.988
Net Margin -1,629.988
Return on Assets -111.014
Return on Equity -753.984
Return on Total Capital -142.422
Return on Invested Capital -197.69

QBTS Capital Structure

Total Debt to Total Equity 61.26
Total Debt to Total Capital 37.988
Total Debt to Total Assets 19.203
Long-Term Debt to Equity 58.291
Long-Term Debt to Total Capital 36.147
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for D-wave Quantum - QBTS

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
- 7.17M 8.76M 8.83M
Sales Growth
- - +22.10% +0.79%
-
Cost of Goods Sold (COGS) incl D&A
- 2.92M 4.14M 3.26M
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
- 2.33M 1.84M 1.93M
Depreciation
- 2.21M 1.69M 1.82M
Amortization of Intangibles
- 123.00K 154.00K 109.00K
COGS Growth
- - +41.50% -21.08%
-
Gross Income
- 4.25M 4.62M 5.56M
Gross Income Growth
- - +8.75% +20.36%
-
Gross Profit Margin
- +59.25% +52.77% +63.02%
2021 2022 2023 2024 5-year trend
SG&A Expense
3.78M 63.71M 85.17M 82.79M
Research & Development
- 32.10M 37.88M 35.30M
Other SG&A
3.78M 31.61M 47.29M 47.49M
SGA Growth
+1,001.85% +1,584.66% +33.68% -2.80%
Other Operating Expense
- - - -
-
Unusual Expense
(27.92M) (6.17M) 1.22M 68.89M
EBIT after Unusual Expense
24.14M (53.28M) (81.76M) (146.11M)
Non Operating Income/Expense
115.88K 1.92M (916.00K) 6.13M
Non-Operating Interest Income
- - - 115.88K
-
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
- 2.33M 37.00K 3.90M
Interest Expense Growth
- - -98.42% +10,432.43%
-
Gross Interest Expense
- 2.33M 37.00K 3.90M
Interest Capitalized
- - - -
-
Pretax Income
24.26M (53.70M) (82.72M) (143.88M)
Pretax Income Growth
+188.50% -321.40% -54.03% -73.95%
Pretax Margin
- -748.67% -944.45% -1,629.99%
Income Tax
- - - 10.42K
-
Income Tax - Current - Domestic
- - - 791.80K
-
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
- - - (781.37K)
-
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
24.25M (53.70M) (82.72M) (143.88M)
Minority Interest Expense
- - - -
-
Net Income
24.25M (53.70M) (82.72M) (143.88M)
Net Income Growth
+188.47% -321.49% -54.03% -73.95%
Net Margin Growth
- -748.67% -944.45% -1,629.99%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
24.25M (53.70M) (82.72M) (143.88M)
Preferred Dividends
- - - -
-
Net Income Available to Common
24.25M (53.70M) (82.72M) (143.88M)
EPS (Basic)
0.6465 -0.4488 -0.5994 -0.7489
EPS (Basic) Growth
+188.46% -169.42% -33.56% -24.94%
Basic Shares Outstanding
37.50M 119.65M 137.99M 192.13M
EPS (Diluted)
0.6465 -0.4488 -0.5994 -0.7489
EPS (Diluted) Growth
+188.46% -169.42% -33.56% -24.94%
Diluted Shares Outstanding
37.50M 119.65M 137.99M 192.13M
EBITDA
(3.78M) (57.13M) (78.70M) (75.29M)
EBITDA Growth
-1,001.84% -1,410.59% -37.77% +4.33%
EBITDA Margin
- -796.39% -898.62% -852.96%

Snapshot

Average Recommendation BUY Average Target Price 22.20
Number of Ratings 10 Current Quarters Estimate -0.069
FY Report Date 12 / 2025 Current Year's Estimate -0.23
Last Quarter’s Earnings -0.06 Median PE on CY Estimate N/A
Year Ago Earnings -0.39 Next Fiscal Year Estimate -0.239
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 9 9 9 9
Mean Estimate -0.07 -0.07 -0.23 -0.24
High Estimates -0.05 -0.05 -0.20 -0.19
Low Estimate -0.10 -0.09 -0.29 -0.37
Coefficient of Variance -23.26 -17.67 -13.13 -24.06

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 10 10 9
OVERWEIGHT 0 0 0
HOLD 0 0 0
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Buy Buy Buy

Insider Actions for D-wave Quantum - QBTS

Date Name Shares Transaction Value
Mar 11, 2025 John M. Markovich Chief Financial Officer 1,494,916 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Mar 11, 2025 Diane Nguyen General Counsel 547,092 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Dec 24, 2024 The Public Sector Pension Investment Board N/A Open market or private sale of non-derivative or derivative security Non-derivative transaction at $6.68 per share 0.00

D-Wave Quantum in the News