D-Wave Quantum Inc. (QBTS)

NASDAQ: QBTS · USD

$11.8

-0.37 (-3.1%)· Recorded snapshot

Market cap	4.4B
Revenue (ttm)	12.4M
Net income (ttm)	-248.7M
EPS (ttm)	-$0.69
Shares out	372.4M
Volume	12,444,607
Beta	2.17

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 12.4M
Net income (ttm): -248.7M
EPS (ttm): -$0.69
Market cap: 4.4B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/En/a

P25 n/aP50 n/aP75 n/a

Trailing P/En/a

P25 n/aP50 n/aP75 n/a

ROE-28

P25 n/aP50 n/aP75 n/a

ROIC-11.4

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All QBTS indicators

Market & fundamental data

Available fields

211

Groups with data

Currency

USD

Showing 211 of 211 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001907982
Company name	D-Wave Quantum Inc.
Country	United States
Country code	US
CUSIP number	26740W109
Earnings date	2026-11-10
Earnings time	bmo
Employees	388
Employees change	168
Employees growth	76.36%
Enterprise value	$3.9B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	1999
In index	RUSSELL2000
Industry	Computer Hardware
Is primary listing	Yes
Is SPAC	No
ISIN number	US26740W1099
Last 10-K release date	2026-02-26
Last earnings date	2026-08-06
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$4.4B
Market cap category	Mid-Cap
Next earnings date	2026-11-10
Options	Yes
Price	$11.76
Price currency	USD
Sector	Technology
SIC code	7374
Stock price date	2026-10-28
Symbol	QBTS
U.S. state	California
Website	https://www.dwavequantum.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Earnings yield	-5.9%
EV/Sales	306.72x
FCF / EV yield	-3.12%
FCF yield	-2.76%
Forward EV/Sales	58.54x
Forward P/S	66.2x
Industry forward P/E	13.8x
Industry P/E	27.32x
P/B ratio	4.17x
P/S ratio	346.81x
Price / tangible book value	8.15x
Sector forward P/E	18.38x
Sector P/E	32.76x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
Gross margin	64.19%
Operating margin	-1,372.88%
Pretax margin	-2,230.51%
Profit per employee	$-640,972
Revenue per employee	$32,023
ROA	-10.65%
ROA (5Y)	-70.15%
ROCE	-15.08%
ROE	-27.98%
ROIC	-11.43%
SBC / revenue	250.5%
Tax / revenue	-228.93%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth quarters	1
EPS growth years	0
Gross profit growth	-56.58%
Gross profit growth (Q)	-13.77%
Gross profit growth 3Y	31.24%
Net income growth quarters	1
Net income growth years	0
Revenue growth	-44.22%
Revenue growth (Q)	-0.61%
Revenue growth (QoQ)	7.63%
Revenue growth 3Y	18.96%
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-8.2M
Depreciation and amortization	$9.4M
EBIT	$-170.6M
EBITDA	$-161.2M
EPS	$-0.69
FCF per share	$-0.32
Financing cash flow	$99.4M
Free cash flow	$-119.1M
Free cash flow minus SBC	$-150.2M
Gross profit	$8M
Income taxes	$-28.4M
Investing cash flow	$-511.4M
Net borrowing	$300,000
Net cash flow	$-522.7M
Net income	$-248.7M
Operating cash flow minus SBC	$-142M
Operating income	$-170.6M
Revenue	$12.4M
Stock-based compensation	$31.1M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	62.43
Book value per share	$2.91
Debt / equity	0.04
Goodwill	$342.6M
Interest coverage	-41.66
Long-term assets	$597.8M
Long-term liabilities	$48M
Net cash (debt)	$498.1M
Net cash / market cap	11.56%
Net cash growth	-36.09%
Net debt / equity	-0.46
Piotroski F-Score	1
Property, plant and equipment	$34.1M
Shareholders' equity	$1.1B
Tangible book value	$528.7M
Tangible book value per share	$1.42
Total assets	$1.2B
Total cash	$546.2M
Total debt	$48.1M
Total liabilities	$75.3M
WACC	16.06%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.01
Current assets	$560.6M
Current liabilities	$27.3M
Current ratio	20.55
Inventory turnover	1.5
Net working capital	$-11.5M
Quick ratio	20.2
Working capital	$533.3M
Working capital turnover	0.02

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-40.09%
Dividend yield	0%
Shareholder yield	-40.09%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	$19.11
1D price change	-3.09%
1M price change	-33.49%
1M total return	-33.49%
1W price change	-1.7%
1W total return	-1.7%
1Y price change	-66.95%
1Y return CAGR	-66.98%
1Y total return	-66.95%
20-day SMA	$13.31
200-day SMA	$19.47
3M price change	-40.65%
3M total return	-40.65%
3Y price change	1,810.58%
3Y return CAGR	167.27%
3Y total return	1,810.58%
50-day SMA	$15.76
50-day SMA vs 200-day SMA	50under200
52-week high	$37.62
52-week high date	2025-11-03
52-week low	$11.26
52-week low date	2026-10-23
5Y price change	18.16%
5Y return CAGR	3.4%
5Y total return	18.16%
6M price change	-38.4%
6M total return	-38.4%
After-hours change	0.72%
After-hours close	$11.76
After-hours price	$11.84
All-time high	$46.75
All-time high date	2025-10-15
All-time low	$0.40
All-time low date	2023-05-08
Average true range (ATR)	$0.81
Average volume	14.4M
Beta (1Y)	4.46
Beta (2Y)	2.81
Beta (5Y)	2.17
Change from 52-week high	-68.75%
Change from 52-week low	4.4%
Change from all-time high	-75.23%
Change from all-time low	2,822.77%
Change from open	-3.57%
Day's gap	0.49%
Dollar volume	$146.3M
High price	$12.25
Low price	$11.50
Monthly RSI	46.14
Open price	$12.19
Position in 52-week range	34%
Premarket change	0.78%
Premarket close	$12.13
Premarket price	$12.23
Premarket volume	366K
Previous close	$12.13
Price vs 150-day SMA	-39.4%
Price vs 20-day SMA	-12.98%
Price vs 200-day SMA	-40.53%
Price vs 50-day SMA	-26.52%
Relative volume	0.87
RSI	31.58
Sharpe ratio	-0.62
Sharpe ratio (3Y)	1.27
Sharpe ratio (5Y)	0.6
Sortino ratio	-0.9
Sortino ratio (3Y)	2.41
Sortino ratio (5Y)	1.17
Volume	12.4M
Weekly RSI	35.12
YTD price change	-55.72%
YTD total return	-55.72%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	361.9M
Float percentage	97.17%
Shares change (QoQ)	0.92%
Shares change (YoY)	40.09%
Shares held by insiders	1.13%
Shares held by institutions	53.06%
Shares outstanding	372.4M
Short % of float	21.86%
Short % of shares	21.24%
Short ratio	4.5 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	534

Deeper analysis on QBTS

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this QBTS report

Is a complete QBTS research report available?

No complete published report is available for D-Wave Quantum Inc. (QBTS) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

D-Wave Quantum Inc. (QBTS)

Price

Financial snapshot

Fair-value bridge

Latest news · QBTS

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All QBTS indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on QBTS

Frequently asked questions