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QBTS Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
22.360
Open
22.165
VWAP
21.53
Vol
12.27M
Mkt Cap
8.27B
Low
20.525
Amount
264.10M
EV/EBITDA(TTM)
--
Total Shares
366.74M
EV
7.79B
EV/OCF(TTM)
--
P/S(TTM)
617.95
D-Wave Quantum Inc. is a quantum computing company, which is engaged in the development and delivery of quantum computing systems, software, and services. The Company builds and delivers systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. The Company's products include Cloud Platform, Systems, Professional Services, and others. Under its Cloud Platform, the Leap quantum cloud service delivers immediate, real-time access to its quantum computers and hybrid solvers services. Under its Systems, the Advantage quantum system is a quantum computer designed for business. It also offers quantum applications to a range of customers, including resource scheduling, factory scheduling, industrial construction design, drug discovery, and others. It offers solutions across workforce scheduling, production scheduling, vehicle routing, resource optimization, and cargo loading.
Show More

Events Timeline

(ET)
2026-07-02
10:30:00
D-Wave Quantum Shares Rise 3.96% to $24.43
select
2026-07-01 (ET)
2026-07-01
16:00:00
BTQ Technologies Receives Regulatory Approval for QPerfect Acquisition at €18.59M
select
2026-06-30 (ET)
2026-06-30
13:00:00
D-Wave Quantum Shares Rise 0.48% to $23.95
select
2026-06-30
07:30:00
D-Wave Quantum Receives $1,566,250 Grant from NSF
select
2026-06-24 (ET)
2026-06-24
17:00:00
D-Wave Quantum Shares Down, Options Activity Moderately Bullish
select
2026-06-24
16:00:00
Trump Signs Executive Order to Advance Quantum Computing
select
2026-06-23 (ET)
2026-06-23
10:30:00
Trump Signs Executive Orders Boosting Infleqtion Shares
select
2026-06-23
10:00:00
Trump Signs Executive Order to Advance Quantum Computing
select
2026-06-23
07:00:00
Trump Signs Executive Order to Accelerate Post-Quantum Cryptography
select
link

News

Fool
8.5
07-06Fool
PinnedD-Wave Quantum Secures Major Funding Catalyst
  • Funding Catalyst: D-Wave Quantum has received a significant catalyst tied to proposed U.S. government funding, potentially providing strong financial backing for the company's future quantum computing developments, thus attracting investor attention.
  • Quantum Technology Potential: The bull case for D-Wave is enormous if quantum adoption accelerates, although the current valuation already reflects growth potential over the next few years, indicating that investors need to carefully assess risks and rewards.
  • Market Reaction: Market prices as of June 26, 2026, show that investors are optimistic about D-Wave's future; however, the widespread application of quantum computing still requires time to validate, which may affect short-term stock price volatility.
  • Strategic Implications: This funding support not only secures financial resources for D-Wave's technology development but may also drive growth in the entire quantum computing industry, enhancing the company's position in a competitive market.
PRnewswire
8.5
07-06PRnewswire
Quantum Computing Gains Government Funding Support
  • Government Funding Injection: In May 2026, the U.S. Department of Commerce announced approximately $2 billion in funding for the quantum industry under the CHIPS and Science Act, with direct equity investments for several companies, significantly boosting quantum stock performance and indicating strong governmental support for the sector.
  • Diverse Quantum Computing Architectures: Companies like IonQ, Rigetti Computing, and D-Wave Quantum are pursuing different technological paths in quantum computing, with IonQ focusing on trapped-ion systems and Rigetti developing modular superconducting chips, highlighting the market's demand for diverse technologies amid future uncertainties.
  • Urgency of Encryption Security: With the NSA's CNSA 2.0 framework establishing a timeline for adopting quantum-safe algorithms, enterprises and governments must rapidly replace existing encryption technologies before quantum computers become powerful enough to break current systems, emphasizing the critical need for timely action.
  • Market Risks and Opportunities: Despite government backing, the quantum sector remains in the NISQ era, lacking mature commercial applications, prompting investors to approach with caution and consider quantum investments as small, diversified long-term positions rather than expecting immediate returns.
Fool
8.5
07-04Fool
D-Wave Quantum Faces Challenges Amid Growth
  • Market Outlook: The potential of quantum computing has attracted investor interest, with D-Wave Quantum's stock fluctuating between $12 and $46 over the past year, currently sitting around $24, reflecting market expectations and uncertainties about its future.
  • Revenue and Order Growth: Although D-Wave Quantum generated only $12.4 million in revenue over the past 12 months, its order backlog saw significant growth in Q1 2026, including a $20 million computer system sale to Florida Atlantic University, indicating a gradual establishment of its commercial foundation.
  • Valuation Pressure: With a market cap of $8.4 billion, D-Wave Quantum's current stock price is approximately 200 times Wall Street's revenue estimates for 2023, highlighting its high valuation and necessitating cautious evaluation of its future growth sustainability.
  • Competitive Landscape Consideration: D-Wave faces competition from other pure-play quantum computing firms and large tech giants, prompting investors to consider its positioning within the industry and future growth potential, as the current market environment may present greater downside risks than upside opportunities.
Fool
2.0
07-01Fool
Intense Competition Among Quantum Computing Firms
  • Changing Competitive Landscape: Companies like IonQ, IBM, D-Wave, Rigetti, and Quantum Computing Inc. are vying for market attention in quantum computing, indicating an intensifying competition that could influence investor decisions.
  • Dual Challenge of Technology and Funding: While technological advancements are crucial, the outcome of the race to 2028 may increasingly depend on cash runway and dilution risks, making financial management a key factor for survival.
  • Market Dynamics Analysis: Market prices as of June 24, 2026, reveal fluctuations in quantum computing stocks, reflecting varying investor expectations about future technological developments, which may lead to a reassessment of these companies' valuations.
  • Investor Focus: With technology still maturing, investors need to pay close attention to the financial health of these companies to determine which ones can survive and achieve profitability in the future competition.
NASDAQ.COM
5.0
07-01NASDAQ.COM
Intense Competition Among Quantum Computing Firms
  • Competitive Landscape: Companies like IonQ, IBM, D-Wave, Rigetti, and Quantum Computing Inc. are vying for attention in the quantum computing sector, indicating an intensifying competition that could influence investor decisions and market dynamics.
  • Cash Flow and Dilution Risks: As the race to 2028 unfolds, the sustainability of cash flow and the risk of equity dilution will be critical factors determining which companies survive, thereby impacting potential investor returns.
  • Investment Recommendations: While IBM was not included in the current list of top investment stocks, the other 10 stocks recommended by the analyst team could yield substantial returns in the coming years, reflecting a cautious market sentiment towards the quantum computing sector.
  • Market Performance Comparison: With Stock Advisor's total average return at 902%, significantly surpassing the S&P 500's 209%, it highlights the higher risks and uncertainties that quantum computing companies may face when selecting investments.
NASDAQ.COM
2.0
07-01NASDAQ.COM
D-Wave Quantum Stock Drops Nearly 20% Amid Uncertainty
  • Stock Volatility: D-Wave's stock has dropped nearly 20% from its late-May peak, reflecting market concerns about the long-term profitability of quantum computing, leaving investors in a dilemma over whether to buy the dip.
  • Government Support: The U.S. government plans to invest up to $100 million in quantum computing initiatives; however, D-Wave's shift in product roadmap may indicate uncertainty regarding market demand and product viability.
  • Market Reaction: While analysts remain bullish on D-Wave with an average price target of $37, a 54% increase from $24 on June 30, recent shareholder sell-offs have heightened market anxiety.
  • Profitability Outlook: D-Wave's burn rate is increasing, and despite potential long-term revenue from government backing, the company is far from profitability, requiring investors to have a substantial time horizon and risk tolerance.
Wall Street analysts forecast QBTS stock price to rise
13 Analyst Rating
Wall Street analysts forecast QBTS stock price to rise
13 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.000
sliders
Low
35.00
Averages
40.67
High
48.00
Current: 0.000
sliders
Low
35.00
Averages
40.67
High
48.00
Jefferies
Kevin Garrigan
Buy
maintain
$price
AI Analysis
2026-06-23
Reason
Jefferies
Kevin Garrigan
Price Target
$price
AI Analysis
2026-06-23
maintain
Buy
Reason
After President Trump signed two executive orders aimed at strengthening the U.S. quantum computing ecosystem and accelerating the transition to a post-quantum cryptographic world, Jefferies analyst Kevin Garrigan sees these executive orders as positive for the quantum computing industry, including names in the firm's coverage, IonQ (IONQ), D-Wave Quantum (QBTS), and Rigetti Computing (RGTI). The firm views IonQ as best-positioned given exposure across nearly every pillar of the orders, followed by D-Wave given its proof-of-quantum algorithms for enhanced data security and Rigetti. Jefferies has Buy ratings on the first two stocks and a Hold rating on Rigetti.
Mizuho
Vijay Rakesh
Outperform
maintain
$29 -> $35
2026-06-15
Reason
Mizuho
Vijay Rakesh
Price Target
$29 -> $35
2026-06-15
maintain
Outperform
Reason
Mizuho analyst Vijay Rakesh raised the firm's price target on D-Wave Quantum to $35 from $29 and keeps an Outperform rating on the shares following the analyst day. The company extended its gate roadmap out to include 10 logical qubits by 2030, scaling to 100 by 2032 with prior targets on track, the analyst tells investors in a research note. Mizuho sees D-Wave as maintaining leadership in annealing quantum computing.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for QBTS
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Valuation Metrics

The current forward P/E ratio for D-Wave Quantum Inc (QBTS.N) is 0.00, compared to its 5-year average forward P/E of -20.54. For a more detailed relative valuation and DCF analysis to assess D-Wave Quantum Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
-20.54
Current PE
0.00
Overvalued PE
11.92
Undervalued PE
-53.00

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
-18.16
Current EV/EBITDA
-4.90
Overvalued EV/EBITDA
12.46
Undervalued EV/EBITDA
-48.77

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PS
77.26
Current PS
96.88
Overvalued PS
189.09
Undervalued PS
-34.56

Financials

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Whales Holding QBTS

M
Mubadala Investment Company PJSC
Holding
QBTS
+43.98%
3M Return
D
Defiance ETFs, LLC
Holding
QBTS
+35.02%
3M Return
S
Sculptor Capital Management, Inc.
Holding
QBTS
+17.75%
3M Return
C
Clear Street LLC
Holding
QBTS
+16.65%
3M Return
M
Marex Group plc
Holding
QBTS
+8.47%
3M Return

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Frequently Asked Questions

What is D-Wave Quantum Inc (QBTS) stock price today?

The current price of QBTS is 21.7 USD — it has decreased -3.81

What is D-Wave Quantum Inc (QBTS)'s business?

D-Wave Quantum Inc. is a quantum computing company, which is engaged in the development and delivery of quantum computing systems, software, and services. The Company builds and delivers systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. The Company's products include Cloud Platform, Systems, Professional Services, and others. Under its Cloud Platform, the Leap quantum cloud service delivers immediate, real-time access to its quantum computers and hybrid solvers services. Under its Systems, the Advantage quantum system is a quantum computer designed for business. It also offers quantum applications to a range of customers, including resource scheduling, factory scheduling, industrial construction design, drug discovery, and others. It offers solutions across workforce scheduling, production scheduling, vehicle routing, resource optimization, and cargo loading.

What is the price predicton of QBTS Stock?

Wall Street analysts forecast QBTS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QBTS is40.67 USD with a low forecast of 35.00 USD and a high forecast of 48.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is D-Wave Quantum Inc (QBTS)'s revenue for the last quarter?

D-Wave Quantum Inc revenue for the last quarter amounts to 2.86M USD, decreased -80.95

What is D-Wave Quantum Inc (QBTS)'s earnings per share (EPS) for the last quarter?

D-Wave Quantum Inc. EPS for the last quarter amounts to -0.05 USD, increased 150.00

How many employees does D-Wave Quantum Inc (QBTS). have?

D-Wave Quantum Inc (QBTS) has 382 emplpoyees as of July 07 2026.

What is D-Wave Quantum Inc (QBTS) market cap?

Today QBTS has the market capitalization of 8.27B USD.