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QBTSQBTS

$26.4

-2.59
arrow_drop_down8.93%
Current Market·update12 Nov 2025 21:02

$25.62

-0.78
arrow_drop_down2.95%
Pre-market·update13 Nov 2025 12:35
Day's Range
26.11-29.569
52-week Range
1.415-46.75

Chart

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Performance

Key Stats

Next Earnings Date2025-11-06
Next Earnings TimeBefore Market Open
Volume35.14M
Average Volume 30d52.51M

AI QBTS Summary

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321.9
Valuation (P/S Ratio)
High valuation relative to sales
📈
0.65
Revenue Growth (YoY)
Significant revenue increase
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AI Scoreboard

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Overall Analysis

Neutral
68

D-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.

Very Strong

Thematic

85

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.

Weak

Fundamental

45

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.

Mixed

Technical

60

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.

FactorScore
Quantum Computing Adoption95
Industry Applications85
Technological Advancement70
Competitive Landscape75
Innovation & R&D80
FactorScore
Valuation10
Profitability5
Growth50
Balance Sheet Health40
Cash Flow20
Earnings Per Share (EPS)5
FactorScore
Trend Analysis90
Momentum60
Support & Resistance70
Moving Averages50
Volume75

AI Investing Checklist

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Bullish Points (7)

Performance chevron_right

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%).

Technical Analysis chevron_right

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.

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Bearish Points (7)

Profitability & Margins chevron_right

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.

Valuation chevron_right

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.

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Calendar

August 2025

7

Next Earnings Date

EPS Est.
Revenue Est.

H: $-0.05

A: $-0.06

L: $-0.06

H: 3.00M

A: 2.55M

L: 2.00M

Profile

Employees (FY)216
ISIN-
FIGI-

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.

Seasonals

2025
2024
2023
2022
2021

Price Target

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.

Debt Level and Coverage

Debt
Free cash flow
Cash & equivalents

Financial Position Analysis

Assets
Liabilities

Ownership

Free Float shares
281M (90.90%)
Closely held shares
28.1M (9.10%)
309M
Free Float shares
281M (90.90%)
Closely held shares
28.1M (9.10%)

Capital Structure

Market cap
6.1B
Debt
38.38M
Minority interest
0.00
Cash & equivalents
177.98M
Enterprise value
5.97B

Valuation - Summary

Market Cap
6.17B
Net income
-114M(-1.85%)
Revenue
19.2M(0.31%)
6.17B
Market Cap
6.17B
Net income
-114M(-1.85%)
Revenue
19.2M(0.31%)
Price to earning ratio (P/E)-54.10x
Price to sales ratio (P/S)321.90x

Valuation - Ratios

P/E
P/S

Revenue to Profit Conversion

Revenue
8.83M
COGS
3.26M
Gross Profit
5.56M
OpEx
82.79M
Operating Income
-77.22M
Other & Taxes
66.66M
Net Income
-143.88M

Balance Sheet

Total assets
Total liabilities
Liabilities to assets %

Income Statement

Revenue
Net Income
Net Margin

Cash Flow

Operating Cash Flow
Investing Cash Flow
Financing Cash Flow
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