QBTSD-Wave Quantum Inc. operates in a high-potential thematic area (quantum computing) but faces significant fundamental challenges with current profitability and cash burn. Technical indicators suggest a recent uptick but long-term trends require monitoring. Investors should consider the high-risk, high-reward nature of this speculative technology.
D-Wave Quantum Inc. is positioned at the forefront of the nascent but potentially transformative quantum computing industry. Its focus on quantum annealing for optimization problems offers a distinct niche within this rapidly evolving field.
D-Wave Quantum Inc. exhibits a weak fundamental profile, characterized by significant net losses, negative earnings per share, and substantial cash burn. While revenue is growing, it has not yet translated into profitability.
The stock has shown significant recent performance gains, but it is currently trading near its 52-week high and showing some mixed signals from technical indicators, suggesting potential consolidation or a short-term pullback.
| Factor | Score |
|---|---|
| Quantum Computing Adoption | 95 |
| Industry Applications | 85 |
| Technological Advancement | 70 |
| Competitive Landscape | 75 |
| Innovation & R&D | 80 |
| Factor | Score |
|---|---|
| Valuation | 10 |
| Profitability | 5 |
| Growth | 50 |
| Balance Sheet Health | 40 |
| Cash Flow | 20 |
| Earnings Per Share (EPS) | 5 |
| Factor | Score |
|---|---|
| Trend Analysis | 90 |
| Momentum | 60 |
| Support & Resistance | 70 |
| Moving Averages | 50 |
| Volume | 75 |
Strong Recent Performance
The stock has shown significant positive returns across multiple short-term periods: 5D (+7.45%), 1M (+40.54%), 6M (+254.12%), YTD (+105.62%), and an exceptional 1Y (+1895.96%).
Potential Upward Momentum Indicators
Several technical indicators across various timeframes suggest potential buying opportunities. For instance, on the 1m chart, Stochastic %K and Momentum (10) are indicating 'Buy'. On the 5m chart, CCI (20), Stochastic %K, Stochastic RSI Fast, and Williams Percent Range are all signaling 'Buy'. On the 15m, 30m, 1h, 2h, 4h, and 1d charts, various moving averages and oscillators are also showing 'Buy' signals, indicating a potential upward trend.
Consistent Net Losses
The company has consistently reported negative net income across all reported periods (annual and quarterly), with a significant net loss of -$143.88M in FY2024 and -$54.21M in Q1 2025. Net margins remain highly negative (-1630.0% annually, -36.1% quarterly), indicating a lack of current profitability.
Very High Price-to-Sales Ratio
The trailing Price-to-Sales (P/S) ratio is extremely high at 321.9, indicating that the company's market capitalization is significantly higher than its annual revenue, suggesting the stock may be overvalued based on current sales.
August 2025
7
Next Earnings Date
H: $-0.05
A: $-0.06
L: $-0.06
H: 3.00M
A: 2.55M
L: 2.00M
D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services. It also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.
17.25 USD
The 39 analysts offering 1 year price forecasts for QBTS have a max estimate of 22.00 and a min estimate of 12.00.