D-Wave Quantum Inc. (QBTS)

NYSE: QBTS · Real-Time Price · USD
27.00
-1.73 (-6.02%)
At close: Dec 5, 2025, 4:00 PM EST
27.44
+0.44 (1.63%)
After-hours: Dec 5, 2025, 7:59 PM EST
-6.02%
Market Cap 9.45B
Revenue (ttm) 24.14M
Net Income (ttm) -398.81M
Shares Out 350.12M
EPS (ttm) -1.37
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 37,969,891
Open 28.57
Previous Close 28.73
Day's Range 26.20 - 28.88
52-Week Range 2.88 - 46.75
Beta 1.56
Analysts Strong Buy
Price Target 28.75 (+6.48%)
Earnings Date Nov 6, 2025

About QBTS

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers 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. It also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of en... [Read more]

Sector Technology
Founded 1999
Employees 220
Stock Exchange NYSE
Ticker Symbol QBTS
Full Company Profile

Financial Performance

In 2024, D-Wave Quantum's revenue was $8.83 million, an increase of 0.79% compared to the previous year's $8.76 million. Losses were -$143.88 million, 73.9% more than in 2023.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for QBTS stock is "Strong Buy." The 12-month stock price target is $28.75, which is an increase of 6.48% from the latest price.

Price Target
$28.75
(6.48% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

These 4 Quantum Computing Pure-Play Stocks Can Soar Up to 264% in 2026, According to Select Wall Street Analysts

Shares of IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. have respectively rallied by up 684% over the trailing year. Some Wall Street analysts foresee quantum computing pure-play...

Other symbols: IONQQUBTRGTI
20 hours ago - The Motley Fool

1 Quantum Computing Stock That Could Make You a Multimillionaire

D-Wave Quantum has emerged as one of the early leaders in the quantum computing tech space. Despite its early promise, D-Wave stock comes with a very high level of risk.

1 day ago - The Motley Fool

Why D-Wave Quantum Stock Is Soaring Today

China has nearly closed the quantum computing gap with the U.S., according to John Martinis, one of this year's Nobel Prize winners in physics. Martinis said that the Trump administration is "now movi...

1 day ago - The Motley Fool

QBTS Stock Outlook: After 168% Gains, What's Next?

D-Wave Quantum (QBTS) stock has declined by 24.2% over the past 21 trading days. This recent downturn underscores renewed worries regarding D-Wave's speculative valuation along with ongoing operating ...

1 day ago - Forbes

How Low Can QBTS Stock Go?

D-Wave Quantum (QBTS) stock has declined by 24.2% over the past 21 trading days. This recent downturn underscores renewed worries regarding D-Wave's speculative valuation along with ongoing operating ...

1 day ago - Forbes

Better Quantum Computing Stock: D-Wave Quantum vs. IBM

Quantum computing is still in its infancy, with D-Wave Quantum and IBM competing to deliver tech capable of widespread adoption. D-Wave's annealing quantum computers can surpass the abilities of super...

Other symbols: IBM
2 days ago - The Motley Fool

Better Artificial Intelligence Stock: D-Wave Quantum vs. Nvidia

D-Wave Quantum and Nvidia have introduced technologies that could enable the next phases of the AI revolution. D-Wave's quantum computers could deliver unprecedented processing power to AI systems.

Other symbols: NVDA
2 days ago - The Motley Fool

Is D-Wave Stock Yesterday's News?

Investors are betting big that quantum computing can be commercialized. Some believe quantum computers will be much more powerful than even the most advanced supercomputers available today.

2 days ago - The Motley Fool

Will Quantum Computing Stocks IonQ, Rigetti Computing, and D-Wave Quantum Plunge 80% (or More)? History Offers a Chilling Answer.

Quantum computing pure-play stocks IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. have been on fire, with respective trailing-12-month gains of up to 965%! The real-world applicat...

Other symbols: IONQQUBTRGTI
2 days ago - The Motley Fool

Down 49%, Should You Buy the Dip on D-Wave Quantum?

D-Wave Quantum is one of several competitors in a crowded field. Many unknowns make valuing the stock difficult.

3 days ago - The Motley Fool

D-Wave Announces Formation of U.S. Government Business Unit

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplie...

3 days ago - Business Wire

Quantum Stocks Bleed Out — Rigetti, D-Wave Down More Than 30%

The month of November delivered a harsh reality check to the highly speculative quantum computing sector, resulting in a significant “bleed out” for pure-play stocks like IonQ, Inc. (NYSE:IONQ), Riget...

Other symbols: RGTIQUBT
4 days ago - Benzinga

Prediction: D-Wave Could Soar 140% in 1 Year

D-Wave (QBTS 4.24%) is entering a pivotal phase as new quantum deployments, capital structure cleanup, and expanding government access begin reshaping its long-term outlook. With federal funding momen...

4 days ago - The Motley Fool

D-Wave Quantum Just Issued a $43 Million Warning to Wall Street

Shares of D-Wave Quantum have soared by almost 700% over the last year. Many executives at D-Wave, namely the company's CEO, have been selling stock over the last several months.

5 days ago - The Motley Fool

Where Will D-Wave Quantum Be in 1 Year?

D-Wave Quantum has soared this year as it released its Advantage2 quantum computer. The company is still bringing in minimal revenue.

5 days ago - The Motley Fool

3 Quantum Computing Stocks I'd Buy Right Now

The quantum computing industry has transitioned from a realm of scientific curiosity to one of commercial utility, with real revenue now flowing to leading players. Three distinct technological approa...

Other symbols: IONQRGTI
5 days ago - The Motley Fool

Prediction: This Stock Market Bubble Will Burst in 2026 and 3 Popular Stocks Will Crash (Hint: Not Artificial Intelligence)

Popular quantum computing stocks Rigetti, IonQ, and D-Wave delivered incredible returns in the last three years. The quantum computing market will still be 100 times smaller in 2030 than the artificia...

Other symbols: IONQRGTI
6 days ago - The Motley Fool

Prediction: Wall Street's Biggest Bubble Will Burst in 2026 (and I'm Not Talking About Artificial Intelligence)

Quantum computing pure-play stocks IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. have respectively skyrocketed up to 829% over the trailing year. Although quantum computers offer...

Other symbols: IONQQUBTRGTI
7 days ago - The Motley Fool

Pichai Says Quantum Is Where 'AI Was 5 Years Ago' — Are Quantum Stocks The Next Moonshot Trade?

In a recent interview, Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) CEO Sundar Pichai dropped one of the most quietly explosive comments of the year — and it wasn't about AI. Speaking on BBC Newsnight,...

Other symbols: HONIBMIONQQTUMQUBTRGTI
8 days ago - Benzinga

Is D-Wave Quantum Stock a Buy?

Bull arguments for D-Wave Quantum include the company's technology that's solving real-world problems today. Bear arguments against D-Wave include its steep valuation.

9 days ago - The Motley Fool

UPDATED: GraniteShares Expands YieldBOOST™ Lineup with Two New ETFs on Quantum Computing Leaders RGYY and QBY

New York, NY, Nov. 25, 2025 (GLOBE NEWSWIRE) -- GraniteShares, a one of the leading issuers of exchange-traded funds (ETFs), today announced the launch of two new additions to its growing YieldBOOST ™...

Other symbols: RGTI
10 days ago - GlobeNewsWire

GraniteShares Expands YieldBOOST™ Lineup with Two New ETFs on Quantum Computing Leaders RGYY and QBYY

New York, NY, Nov. 25, 2025 (GLOBE NEWSWIRE) -- GraniteShares, a one of the leading issuer of exchange-traded funds (ETFs), today announced the launch of two new additions to its growing YieldBOOST ™ ...

Other symbols: RGTI
10 days ago - GlobeNewsWire

2 Quantum Computing Stocks to Buy Before They Soar 128% and 132%, According to Certain Wall Street Analysts

IonQ's trapped-ion processors generate more stable qubits than the superconducting processors used by D-Wave, and its gate-based systems will eventually have more use cases. D-Wave's annealing systems...

Other symbols: IONQ
10 days ago - The Motley Fool

ExperienceFlow.AI Appoints Dr. Geordie Rose, Founder of D-Wave Systems, Kindred Systems and Sanctuary AI, as a Strategic Advisor

SAN FRANCISCO--(BUSINESS WIRE)-- #Decentralized--ExperienceFlow.AI, the leader in experience powered decentralized superintelligence, today announced the appointment of Dr. Geordie Rose, a pioneer of ...

11 days ago - Business Wire

Which Quantum Computing Stock Is Wall Street Most Bullish About: D-Wave Quantum, IonQ, or Rigetti?

D-Wave, IonQ, and Rigetti are rising quantum computing stars with different approaches. Wall Street remains bullish about all three stocks after their recent declines.

Other symbols: IONQRGTI
11 days ago - The Motley Fool