D-Wave Quantum Inc.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 13.00 $ to 44.80 $ · Last price: 17.70 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Computer Hardware
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| D-Wave Quantum Inc. QBTS | 6.6 | – | -2.1 | 64.2 | -1,732.1 | 178.5 | -21.5 |
| Dell Technologies Inc DELL | 365.2 | 44.0 | 20.2 | 19.9 | 8.9 | 18.8 | 357.2 |
| Sandisk Corp SNDK | 276.8 | 55.8 | 17.7 | 71.5 | 70.0 | 10.4 | 1,618.0 |
| Arista Networks ANET | 270.3 | 67.4 | 51.4 | 63.0 | 42.7 | 28.6 | 39.7 |
| Seagate Technology PLC STX | 182.0 | 56.2 | 43.1 | 45.6 | 43.1 | 34.1 | 274.0 |
| Western Digital Corporation WDC | 159.6 | 22.4 | 15.4 | 48.9 | 37.0 | 50.7 | 320.7 |
| Everpure, Inc. P | 34.6 | 162.4 | 72.5 | 69.7 | -18.5 | 15.6 | 21.2 |
| HP Inc HPQ | 31.6 | 13.2 | 8.8 | 19.7 | 7.1 | 3.2 | 30.6 |
| Super Micro Computer Inc SMCI | 27.8 | 20.0 | 9.6 | 10.8 | 6.1 | 47.0 | -10.1 |
| Median of companies shown | 159.6 | 49.9 | 17.7 | 48.9 | 8.9 | 28.6 | 39.7 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2020 | 5 | -31 | -22 | -0.20 | -29 | 33 | 47 |
| 2021 | 6 | -39 | -41 | -0.33 | -35 | -18 | 29 |
| 2022 | 7 | -59 | -54 | -0.45 | -45 | -29 | 27 |
| 2023 | 9 | -81 | -83 | -0.60 | -61 | -24 | 59 |
| 2024 | 9 | -77 | -144 | -0.75 | -43 | 63 | 200 |
| 2025 | 25 | -100 | -355 | -1.11 | -72 | 852 | 916 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q3 | -0.10 | 28.60 | 2 | -27.00 | -1,214.50 | -18 | -18 |
| 2024: Q4 | -0.10 | 0.00 | 2 | -20.50 | -3,727.90 | 2 | 1 |
| 2025: Q1 | -0.03 | 70.00 | 15 | 508.60 | -36.10 | -19 | -20 |
| 2025: Q2 | -0.55 | -400.00 | 3 | 41.80 | -5,406.40 | -15 | -16 |
| 2025: Q3 | -0.05 | 50.00 | 4 | 99.90 | -3,743.90 | -19 | -20 |
| 2025: Q4 | -0.12 | -20.00 | 3 | 19.20 | -1,538.00 | -18 | -20 |
| 2026: Q1 | -0.04 | -33.30 | 3 | -80.90 | -642.30 | -45 | -46 |
| 2026: Q2 | -0.13 | 76.40 | 3 | -0.60 | -1,561.40 | -29 | -33 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 11 of our scanner strategies — each hit links to the scanner.
Growth
Breakout & Setup
Momentum & Trend
- Ameet Rai: Daily Liquidity
- High ADR (≥5%)
- Kathy Donnelly: Liquid Movers Up
- Mike Webster: Swing Trading List
- Power Trend
- Richard Moglen: Gaps and Strong Moves
- Richard Moglen: Top Performers 3/6 Month
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -0.29 | -0.48 – -0.18 | 43 | -12.7% | 17 |
| 12/31/2027 | -0.38 | -0.63 – -0.23 | 81 | -28.9% | 17 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Der Geschäftsbericht (10-K) für 2025 nennt künstliche Intelligenz in Item 1 „Business“ ausdrücklich als einen der Anwendungszwecke, für die Kunden die verkauften Quantencomputer und Cloud-Dienste (QCaaS) einsetzen, und beschreibt die Verbindung von generativer KI und Quantencomputing als Teil des zur Vermarktung gebrachten Angebots („the commercial era of quantum AI“). KI ist damit Anwendungsfeld der verkauften Rechenleistung — kein eigenes, separat ausgewiesenes KI-Produkt und kein eigenes Umsatzsegment.
View the full file — quotes, sources, reviewed filings
„Customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more."
Kunden setzen unsere Technologie für Anwendungsfälle ein, die von Optimierung über künstliche Intelligenz bis zur Forschung und darüber hinaus reichen.
10-K · 2026-02-26 · View SEC filing
„In addition, we believe that our initiative to develop and bring to market applications that combine the power of generative artificial intelligence (“AI”) and quantum computing technologies will further extend our value proposition to our customers, as we launch the commercial era of quantum AI."
Darüber hinaus glauben wir, dass unsere Initiative, Anwendungen zu entwickeln und auf den Markt zu bringen, welche die Leistungsfähigkeit generativer künstlicher Intelligenz („KI“) und Quantencomputing-Technologien verbinden, unser Wertversprechen gegenüber unseren Kunden weiter ausbauen wird, während wir das kommerzielle Zeitalter der Quanten-KI einläuten.
10-K · 2026-02-26 · View SEC filing
„For example, we are investigating the use of our quantum processors as AI accelerators that might enable more efficient large language model construction and training, more efficient inference and a reduced power footprint, which could further drive performance in generative AI and machine learning use cases such as drug discovery."
Beispielsweise untersuchen wir den Einsatz unserer Quantenprozessoren als KI-Beschleuniger, die den Aufbau und das Training großer Sprachmodelle effizienter machen, die Inferenz beschleunigen und den Energiebedarf senken könnten — was die Leistung in Anwendungsfällen generativer KI und des maschinellen Lernens wie der Wirkstoffforschung weiter steigern würde.
10-K · 2026-02-26 · View SEC filing
Filings Reviewed: 10-Q 2026-08-06 · 10-Q 2026-05-12 · 10-Q 2025-11-06 · 10-Q 2025-08-07 · 10-K 2026-02-26 · 10-K 2025-03-14
Rated on August 11, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 50.8%
- More than 10% revenue growth is expected for the coming year -83.0%
- Share count grows by less than 3% a year 39.0%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -129.9%
- Gross margin at 40% or higher and without meaningful erosion 82.6%
- Goodwill from acquisitions does not grow faster than revenue 0.0%
- Net debt below twice EBITDA 841 m net cash
- Operating cash flow covers the profits of the last three years 406 m
- Return on capital at 15% or higher, or up versus two years ago -11.2%
- Insiders hold at least 10% or are net buyers 2.2%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
5/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% 36.7%
- Exp. sales growth 3Y > 5% 81.4%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% 81.4%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 0
- Max. EBIT decline < 50% –
- Return on equity > 15% -41.7%
- ROCE > 15% -11.2%
- Expected return > 10% 79.3%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 15, 2026 | Ames Sophie C | Exec. Vice President & CHRO | Other | 1,544 | 16.83 | 25,986 |
| Sep 15, 2026 | Black Stanley T | Exec. Vice President & CISO | Other | 1,535 | 16.83 | 25,834 |
| Sep 15, 2026 | Nguyen Diane | EVP, Chief Legal Officer & GC | Other | 3,191 | 16.83 | 53,705 |
| Sep 8, 2026 | DiLullo John D | Director | Sell | 1,100 | 18.00 | 19,801 |
| Aug 17, 2026 | Ames Sophie C | Exec. Vice President & CHRO | Other | 23,850 | 21.17 | 504,905 |
| Aug 17, 2026 | Nguyen Diane | EVP, Chief Legal Officer & GC | Other | 4,042 | 21.17 | 85,569 |
| Jul 20, 2026 | Ames Sophie C | Exec. Vice President & CHRO | Sell | 3,070 | 16.95 | 52,042 |
| Jul 14, 2026 | Baratz Alan E | President & CEO | Other | 52,320 | 18.66 | 976,291 |
| Jul 14, 2026 | Markovich John M. | Chief Financial Officer | Other | 8,607 | 18.66 | 160,607 |
| Jul 14, 2026 | Ames Sophie C | Exec. Vice President & CHRO | Other | 3,180 | 18.66 | 59,339 |
The company
About the Company
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.
- CEO Insider Trades (12 Mo.)
- selling own stock
- Employees
- 382
- Headquarters
- Palo Alto, CA
- Address
- 2650 East Bayshore Road, 94303 Palo Alto, United States
- Phone
- 604 285 2881
- Website
- dwavequantum.com
- IPO Date
- 08/08/2022
- ISIN
- US26740W1099
Management
| Name | Title | Birth Year |
|---|---|---|
| Alan E. Baratz Ph.D. | President, CEO & Director | 1955 |
| Diane Nguyen | Executive VP, Chief Legal Officer & General Counsel | 1985 |
| Eric Ladizinsky | Co-Founder & Chief Scientist | – |
| Greg Golkov | Acting CFO and Principal Financial & Accounting Officer | 1977 |
| Stanley T. Black CISSP | Executive VP & Chief Information Security Officer | 1966 |
| Kevin M. Hunt | Senior Director of Investor Relations | – |
| Allison Schwartz | Senior Vice President of Global Government Relations & Public Affairs | – |
| Michelle Maggs | Senior Vice President of Marketing | – |
| Sophie C. Ames | Executive VP & Chief Human Resources Officer | 1965 |
| Trevor Lanting | Chief Development Officer | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 09/17/2026 D-Wave Quantum Inc. (QBTS): Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 09/15/2026 D-Wave Quantum Inc. (QBTS): Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 09/10/2026 D-Wave Quantum Inc. (QBTS): Other Events; Financial Statements and Exhibits SEC ↗
- 09/08/2026 D-Wave Quantum Inc. (QBTS): Entry into a Material Definitive Agreement; Regulation FD Disclosure; Other Events; Financial Statements and Exhibits SEC ↗
- 08/25/2026 D-Wave Quantum Inc. (QBTS): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits SEC ↗
- 08/18/2026 D-Wave Quantum Inc. (QBTS): Regulation FD Disclosure; Financial Statements and Exhibits SEC ↗
- 08/17/2026 D-Wave Quantum Inc. (QBTS): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Financial Statements and Exhibits SEC ↗
- 08/06/2026 D-Wave Quantum Inc. (QBTS): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.