D-Wave Quantum Inc. (QBTS)
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Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 18.10 $ — 16% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
–Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available. How the Rating Is Built
Growth Score
5 of 10 Solid growthTen checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years 50.8% passed
- More than 10% revenue growth is expected for the coming year 100.9% passed
- Share count grows by less than 3% a year 39.0% failed
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -129.9% failed
- Gross margin at 40% or higher and without meaningful erosion 82.6% passed
- Goodwill from acquisitions does not grow faster than revenue 0.0% passed
- Net debt below twice EBITDA 841 m net cash passed
- Operating cash flow covers the profits of the last three years 406 m failed
- Return on capital at 15% or higher, or up versus two years ago -11.2% failed
- Insiders hold at least 10% or are net buyers 2.3% failed
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
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.
Analysts & Price Target
The price target sits 104.7% above the current price.
- Consensus
- Sell
- Analyst Ratings
- 6
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.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | -0.31 | -0.49 – -0.19 | 43 | -19.7% | 15 |
| 12/31/2027 | -0.39 | -0.60 – -0.30 | 86 | -25.1% | 15 |
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.
Next Reporting Date
- Expected Earnings per Share
- -0.12 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -0.37 | – | 2 | -20.50 | -3,727.90 | 2 | 1 |
| 2025: Q1 | -0.02 | – | 15 | 508.60 | -36.10 | -19 | -20 |
| 2025: Q2 | -0.57 | – | 3 | 41.80 | -5,406.40 | -15 | -16 |
| 2025: Q3 | -0.41 | – | 4 | 99.90 | -3,743.90 | -19 | -20 |
| 2025: Q4 | -0.12 | – | 3 | 19.20 | -1,538.00 | -18 | -20 |
| 2026: Q1 | -0.05 | – | 3 | -80.90 | -642.30 | -45 | -46 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($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 |
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.
About the Company
D-Wave Quantum Inc. ist in der Entwicklung und Bereitstellung von Quantencomputersystemen, -software und -diensten weltweit tätig.
| 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 | 8. Aug 2022 |
| ISIN | US26740W1099 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Alan E. Baratz Ph.D. | President, CEO & Director | 1955 |
| John M. Markovich | Executive VP & CFO | 1957 |
| Diane Nguyen | Executive VP, Chief Legal Officer & General Counsel | 1985 |
| Eric Ladizinsky | Co-Founder & Chief Scientist | – |
| 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.
Insider Transactions
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| 20. Jul 2026 | Ames Sophie C | Exec. Vice President & CHRO | Sell | 3,070 | 16.95 | 52,042 |
| 14. Jul 2026 | Baratz Alan E | President & CEO | Other | 52,320 | 18.66 | 976,291 |
| 14. Jul 2026 | Markovich John M. | Chief Financial Officer | Other | 8,607 | 18.66 | 160,607 |
| 14. Jul 2026 | Ames Sophie C | Exec. Vice President & CHRO | Other | 3,180 | 18.66 | 59,339 |
| 14. Jul 2026 | Nguyen Diane | EVP, Chief Legal Officer & GC | Other | 4,066 | 18.66 | 75,872 |
| 20. Apr 2026 | Sophie C Ames | VP | Sell | 3,070 | 21.35 | 65,545 |
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.
View all insider transactions →Chart
Interactive price chart (TradingView).
Data as of: July 31, 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.