QBTS — D-Wave Quantum Inc.

NYSE · Information Technology · IT Services · CIK 1907982 ·
Last close
$20.09
Market Cap
$7.38B
52W High
$31.55
52W Low
$13.81
ADV30
30,370,090
Next earnings
D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides 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, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company's server. The company 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.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Mar 2026 2,858,000 1,818,000 -54,727,000 -18,357,000 1,199,815,000 338,197,000 75,563,000
Dec 2025 2,752,000 1,784,000 -34,839,000 -42,326,000 915,813,000 635,347,000 63,583,000
Sep 2025 3,739,000 2,669,000 -27,736,000 -139,986,000 865,820,000 836,231,000 195,266,000
Jun 2025 3,095,000 1,976,000 -26,502,000 -167,329,000 843,602,000 819,312,000 149,348,000

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$-97,663,000
Investing CF
$-502,702,000
Financing CF
$633,386,000
CapEx
$-5,053,000
Dividends Paid
Buybacks
EPS Diluted TTM
$-1.13
As of
2026-06-07

Balance + Analyst (yfinance extras)

Retained Earnings
$-1,000,359,000
Inventory
$2,915,000
Receivables
$10,648,000
ST Investments
$250,198,000
EBIT TTM
$-392,404,000
Pretax Income TTM
$-396,450,000
Interest Exp TTM
$4,046,000
Analysts
15

Yahoo Snapshot (yfinance, live)

Total Revenue
$12,444,000
EBITDA
$-138,814,000
Free Cash Flow
$-63,507,248
Enterprise Value
$7,285,798,912
Total Cash
$588,395,008
Total Debt
$46,820,000
Shares Out
367,269,074
Trailing EPS
$-1.14
Book Value
$3.04
ROE
-55.3%
ROA
-11.8%
Div Yield

Annual Trend (SEC EDGAR, last 4y)

Revenues vs Net Income (last 4y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Dec 2025 24,587,000 -100,368,000 -355,062,000 915,813,000 63,583,000 -71,982,000
Dec 2024 8,827,000 -77,223,000 -143,879,000 199,853,000 137,207,000 -42,643,000
Dec 2023 8,758,000 -80,546,000 -82,715,000 59,356,000 83,837,000 -60,649,000
Dec 2022 7,173,000 -59,458,000 -53,702,000 26,947,000 56,410,000 -45,226,000

TTM Snapshot

Revenues TTM
$7,434,000
NetIncome TTM
$-56,338,000
OpCashFlow TTM
$0
Assets (Latest)
$199,853,000
Forward EPS
$-0.39

Max Pain — expiry 2026-07-17

max pain strike: $24.00 · spot: $20.09 · call oi: 66,756 · put oi: 51,914
Expected Move to 2026-07-17: ±$1.72 (8.59%) — implied range $18.37$21.82 · ATM straddle on $20.00 strike

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News headlines (Yahoo Finance, 1h cache)

Quantum Is the Future for Washington. Inside a White House Summit.
2026-07-10 21:44 · Yahoo
Is D-Wave Quantum’s (QBTS) New NSF Grant Quietly Reshaping Its Gate-Model Investment Narrative?
2026-07-10 20:10 · Yahoo
D-Wave Quantum Stock Surges 42.9% in a Year: What's Driving the Rally?
2026-07-10 18:09 · Yahoo
D-Wave Earns IDC Recognition for Its Practical Quantum Computing Push
2026-07-10 16:38 · Yahoo
D-Wave Quantum vs. Rigetti Computing: Which Quantum Computing Stock Is a Better Buy in 2026?
2026-07-10 00:00 · Yahoo
Quantum Computing Outpaces Sector in a Year: Is the Stock Still a Buy?
2026-07-09 13:12 · Yahoo
Good News For D-Wave Quantum Stock Fans
2026-07-09 12:28 · Yahoo
Microsoft's Quantum Security Push: 1 Stock With 111% Upside to Buy Now
2026-07-08 19:00 · Yahoo
Quantum Computing Stock Back Near Familiar Support
2026-07-08 18:49 · Yahoo
Here's How QUBT's Strategic Initiatives Drive Long-Term Growth
2026-07-08 18:06 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.