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D-Wave Quantum Inc. QBTS

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11.47 USD +0.79 (+7.40%)

At closeNov 10, 2026, 5:56 AM EST

11.67 +0.20 +1.74%

Pre-market · Nov 10, 5:56 AM ET

10.47 Day range 11.79
8.48 52-week range 32.39
YTD
-56.14%
1 year
-60.95%
Market cap
4.35B
Revenue (ttm)
12.43M
EPS (ttm)
-0.69
Shares out
376.45M
Forward P/E
-30.28
YTD return
-56.14%
1-year return
-60.95%
Volume
19.71M
Avg volume
15.23M
Open
10.71
Previous close
10.68
Day's range
10.47 – 11.79
52-week range
8.48 – 32.39
Beta
2.33
Analysts
Strong Buy
Price target
33.21 (+189.5%)
Earnings date
Nov 10, 2026

5D +1.23 (+12.01%)

9101112TueWedThuFriMon11.47

Key statistics

Enterprise value
3.48B
PEG ratio
0.00
Price / sales
350.45
Price / book
3.94
Dividend yield
0.00%
Payout ratio
0.00%
Revenue growth
-0.60%
Free cash flow
-73.38M
Total cash
546.21M
Total debt
48.11M
Return on equity
-27.98%
Short % of float
23.66%
50-day average
14.58
200-day average
18.85

Financials — quick view

All financials
QBTS Revenue — quarterly 3.08M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
QBTS Net income — quarterly -48.03M
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026
QBTS EPS — quarterly -0.13
2022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 2026

Earnings

QBTS recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Nov 10, 2026Sep 30, 2026-0.10205———
Aug 6, 2026Jun 30, 2026-0.08467-0.10-0.02-18.11%
May 12, 2026Mar 31, 2026-0.07658-0.05+0.03+34.71%
Feb 26, 2026Dec 31, 2025-0.05-0.12-0.07-140.00%
Nov 6, 2025Sep 30, 2025-0.06559-0.41-0.34-525.10%
Aug 7, 2025Jun 30, 2025-0.06-0.55-0.49-816.67%

Upgrades / downgrades

QBTS analyst upgrades and downgrades
DateFirmActionFromTo
Nov 9, 2026B. Riley SecuritiesmainBuyBuy
Nov 2, 2026B. Riley SecuritiesmainBuyBuy
Aug 7, 2026RosenblattmainBuyBuy
Jul 28, 2026RosenblattmainBuyBuy
Jul 27, 2026Benchmarkinit—Buy
Jul 27, 2026Benchmarkinit—Buy

About D-Wave Quantum Inc.

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. The company has a collaboration with the University of Arkansas to establish leadership, education, and independent research focused on the application of quantum computing to supply chain management across retail, transportation, and national defense. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.

Sector
Technology
Industry
Computer Hardware
Country
United States

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Insider holders

QBTS insider holders
InsiderRelationLatest transactionDateShares held
AMES SOPHIE COfficerSaleJul 19, 2026589,009
BARATZ ALAN EChief Executive OfficerConversion of Exercise of derivative securityJun 7, 20263,299,770
BISCAY ROGERDirectorStock Award(Grant)Jun 3, 202623,617
GHAI ROHITDirectorSaleJun 14, 202623,617
HOLT SHARON EDirectorStock Award(Grant)Jun 3, 202684,696
MARKOVICH JOHN MChief Financial OfficerSaleJun 14, 20261,132,240

Institution ownership

QBTS institution ownership
Holder% heldSharesValueReported
Blackrock Inc.9.04%33,147,399380.20MJun 29, 2026
Vanguard Portfolio Management LLC6.00%22,021,534252.59MJun 29, 2026
Vanguard Capital Management LLC4.35%15,940,671182.84MJun 29, 2026
UBS Group AG3.18%11,645,700133.58MJun 29, 2026
Geode Capital Management, LLC2.59%9,515,043109.14MSep 29, 2026
State Street Corporation2.46%9,029,667103.57MJun 29, 2026

Fund ownership

QBTS fund ownership
Holder% heldSharesValueReported
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund3.02%11,073,409127.01MJun 29, 2026
iShares Trust-iShares Russell 2000 ETF2.61%9,567,102109.73MSep 29, 2026
VANGUARD INDEX FUNDS-Vanguard Small-Cap Index Fund2.18%7,992,78491.68MJun 29, 2026
VANGUARD WORLD FUND-Vanguard Information Technology Index Fund1.48%5,438,25162.38MAug 30, 2026
VANGUARD INDEX FUNDS-Vanguard Small-Cap Growth Index Fund1.26%4,603,77352.81MJun 29, 2026
VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund1.15%4,205,70248.24MJun 29, 2026