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    D-Wave Quantum Inc. Common Stock (QBTS)

    Official site

    TECHNOLOGY • COMPUTER HARDWARE • NYSE

    $12.81
    +0.79 (+6.53%)

    Market Cap: $4.75B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    44%(8/18)
    Avg Surprise
    -57.83%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$-0.09
    Range$-0.13 - $-0.02
    16 analysts
    EPS Revisions
    2
    0
    7d
    2
    3
    30d
    EPS Estimate DriftChange to current
    90d ago$-0.08-11.8%
    60d ago$-0.08-11.8%
    30d ago$-0.09+0.2%
    7d ago$-0.090.0%
    Current$-0.09
    Revenue Consensus
    $4M
    Range$3M - $7M
    16 analysts
    Period ending Dec 31, 2026
    EPS Consensus$-0.03
    Range$-0.22 - $0.08
    17 analysts
    Revenue Consensus
    $30M
    Range$21M - $44M
    17 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$-0.03---
    Sep 26EST
    		-$-0.09---
    Jun 26
    Reported Aug 6
    		$-0.13$-0.12-8.33%Miss+76.4%
    Mar 26
    Reported May 12
    		$-0.04$-0.08+50.00%Beat-33.3%
    Dec 25
    Reported Feb 26
    		$-0.12$-0.05-140.00%Miss-20.0%
    Sep 25
    Reported Nov 6
    		$-0.05$-0.07+28.57%Beat+50.0%
    Jun 25
    Reported Aug 7
    		$-0.55$-0.06-816.67%Miss-400.0%
    Mar 25
    Reported May 8
    		$-0.03$-0.04+25.00%Beat+70.0%
    Dec 24
    Reported Mar 13
    		$-0.10$-0.08-25.00%Miss+0.0%
    Sep 24
    Reported Nov 14
    		$-0.10$-0.08-25.00%Miss+28.6%
    Jun 24
    Reported Aug 8
    		$-0.11$-0.08-37.50%Miss+31.3%
    Mar 24
    Reported May 13
    		$-0.10$-0.07-42.86%Miss+28.6%
    Dec 23
    Reported Mar 28
    		$-0.10$-0.10+0.00%Beat+23.1%
    Sep 23
    Reported Nov 9
    		$-0.14$-0.12-16.67%Miss-27.3%
    Jun 23
    Reported Aug 10
    		$-0.16$-0.13-23.08%Miss-33.3%
    Mar 23
    Reported May 19
    		$-0.14$-0.11-27.27%Miss-40.0%
    Dec 22
    Reported Mar 30
    		$-0.13$-0.13+1.89%Beat-1200.0%
    Sep 22
    Reported Nov 10
    		$-0.11$-0.12+8.33%Beat-139.3%
    Jun 22
    Reported Aug 16
    		$-0.12$-0.13+7.69%Beat-129.3%
    Mar 22
    Reported May 12
    		$-0.10$-0.10+0.00%Beat-124.4%
    Dec 21
    Reported Mar 15
    		$-0.01N/AN/ABeat+0.0%
    Sep 21
    Reported Nov 19
    		$0.28N/AN/ABeat+2900.0%
    Jun 21
    Reported Jul 2
    		$0.41N/AN/ABeat-
    Mar 21
    Reported Jun 29
    		$0.41N/AN/ABeat-
    Dec 20
    Reported Mar 31
    		$-0.01N/AN/ABeat-
    Sep 20
    Reported Dec 4
    		$-0.01$0.00N/AMiss-

    Key Metrics

    Valuation
    P/E Ratio-37.69EV/EBITDAN/A
    Price/FCF-39.68xFCF Yield-2.52%
    Profitability
    Profit Margin0.00%Operating Margin-1732.00%
    ROE-28.00%ROIC-21.88%
    Financial Health
    Debt/Equity0.03xInterest Coverage-75.63x
    Current Ratio20.55xQuick Ratio20.42x
    Trading Statistics
    Beta2.17Avg Volume16.46M
    52-Week High$39.6852-Week Low$11.95

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$14.36
    SMA 20$15.70
    SMA 50$17.32
    SMA 200$20.24
    EMA 10$14.12
    EMA 20$15.16
    EMA 50$16.85
    EMA 200$19.40

    MACD

    Line: -1.21Signal: -0.88Hist: -0.33

    ADX

    ADX: 21.1+DI: 12.4-DI: 41.0

    Aroon & PSAR

    Aroon Up36.0
    Aroon Down100.0
    PSAR$16.17

    Bollinger Bands

    Upper Band$19.06
    Lower Band$12.34
    %B Position4284%(Upper)
    Band Width0.07

    RSI (14-Day)

    Neutral
    30.2

    Momentum Oscillators

    Stoch %K9.0
    Stoch %D4.3
    Williams %R-76.4
    ROC (10d)-22.6%
    Momentum-3.75
    CCI (20d)-161.2
    MFI (14d)22.1

    Volatility Measures

    ATR (14d)$0.97(7.5%)
    StdDev (20d)1.68
    Hist Vol59.5%(High)

    Volume Flow

    VWAP$12.34
    OBV1.3B
    AD Line646.5M
    CMF (20d)-0.296

    Volume Metrics

    Avg Vol (20d)16.4M
    Vol Ratio1.4x
    VWMA (20d)$15.62

    Pivot Points

    R3$13.68
    R2$13.32
    R1$12.67
    Pivot Point$12.31
    S1$11.67
    S2$11.31
    S3$10.66

    Advanced Oscillators

    TSI-33.33
    Ultimate Osc35.5
    KST-169.64

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$3.08M$2.86M$2.75M$3.74M$3.10M$15.00M$2.31M$1.87M$2.18M$2.46M$2.91M$2.56M
    Cost of Revenue$1.37M$1.04M$968,000$1.07M$1.12M$1.12M$836,000$827,000$795,000$806,000$939,000$1.03M
    Gross Profit$1.70M$1.82M$1.78M$2.67M$1.98M$13.88M$1.47M$1.04M$1.39M$1.66M$1.97M$1.53M
    Operating Expenses$54.98M$56.55M$36.62M$30.41M$28.48M$25.17M$21.70M$21.68M$20.23M$19.18M$18.51M$19.94M
    R&D$28.24M$25.79M$13.68M$14.07M$12.69M$10.29M$9.75M$8.67M$8.36M$8.53M$7.96M$9.46M
    SG&A$15.39M$20.27M$14.70M$9.38M$9.15M$7.96M$8.13M$9.26M$7.47M$7.57M$8.14M$8.00M
    Operating Income$-53,278,000$-54,727,000$-34,839,000$-27,736,000$-26,502,000$-11,291,000$-20,232,000$-20,636,000$-18,839,000$-17,516,000$-16,542,000$-18,407,000
    Interest Income$5.03M$7.67M$23.11M$850,000$4.31M$3.10M$1.74M$-8,000$-157,000$1.66M$0$0
    Interest Expense$255,000$259,000$3.38M$201,000$206,000$226,000$417,000$1.18M$1.16M$1.14M$-1,785,000$1.03M
    Income Before Tax$-48,020,000$-46,809,000$-42,326,000$-139,986,000$-167,329,000$-5,421,000$-86,077,000$-22,712,000$-17,778,000$-17,312,000$-16,014,000$-16,106,000
    Income Tax Expense$8,000$-28,452,000$0$0$0$0$0$0$0$0$0$0
    Net Income$-48,028,000$-18,357,000$-42,326,000$-139,986,000$-167,329,000$-5,421,000$-86,077,000$-22,712,000$-17,778,000$-17,312,000$-16,014,000$-16,106,000
    EBITDA$-47,708,000$-50,065,000$-61,374,000$-140,067,000$-170,927,000$-7,741,000$-86,179,000$-21,074,000$-15,981,000$-17,404,000$-17,355,000$-14,688,000
    EBIT$-52,793,000$-54,215,000$-62,052,000$-140,635,000$-171,434,000$-8,294,000$-86,753,000$-21,524,000$-16,461,000$-17,832,000$-17,799,000$-15,071,000
    * Some calculated fields are derived from available data when not provided by source

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    News

    Investor Alert: Robbins LLP Informs Investors of the D-Wave Quantum Inc. Class Action Lawsuit

    Robbins LLP has announced a class action lawsuit against D-Wave Quantum Inc. on behalf of investors who purchased securities between February 26, 2026, and August 25...

    The National Law Review•10/15/26•Bearish

    Quantum Computing Stocks Rebound After Dilution Scare: IonQ and Rigetti Climb 3%, D-Wave Advances 2%

    Quantum computing stocks like IonQ, Rigetti, and D-Wave are rebounding after a dilution scare, with IonQ leading the gains despite being down 28% year-to-date. This rebound occurs as the broader Defiance Quantum ETF...

    24/7 Wall St.•10/15/26•Somewhat-Bullish

    D-Wave Delivers Advantage2 Annealing Quantum Computer to Italy

    D-Wave has delivered its Advantage2 annealing quantum computer to Villa Saporiti in Como, Lombardy, Italy, for installation. This initiative, funded by Swiss Quantum Technology SA (SQT) under a €10 million agreement...

    The Quantum Insider•10/15/26•Bullish

    D-Wave Delivers Italy’s First Annealing Quantum Computer

    D-Wave Quantum Inc. has delivered Italy's first annealing quantum computer, the Advantage2 system (VoltaB1), to Lombardy. Funded by Swiss Quantum Technology SA (SQT)...

    Yahoo Finance•10/15/26•Bullish

    What's Going On With D-Wave Quantum Stock Tuesday? - D-Wave Quantum (NASDAQ:QBTS)

    D-Wave Quantum Inc. and SkyWater Technology have extended their multi-year semiconductor manufacturing partnership to support D-Wave's quantum computing technology roadmap. This collaboration...

    Benzinga•10/13/26•Somewhat-Bearish

    QBTS Valuation and Fair Value

    P/E
    -37.7x
    P/FCF
    -39.7x
    P/B
    4.4x
    See GNG's fair value

    QBTS Profitability: Margins, ROIC and FCF

    Gross margin
    64.2%
    Operating margin
    -1732.0%
    Net margin
    0.0%
    ROIC
    -21.9%
    ROE
    -28.0%
    FCF margin
    -963.8%
    FCF yield
    -2.5%

    QBTS Competitors

    CompanyTicker
    BlackBerry LtdBB
    Synaptics IncorporatedSYNA
    Insight Enterprises IncNSIT
    Kulicke and Soffa Industries IncKLIC
    Remitly Global IncRELY
    Dave IncDAVE
    Klarna Group plcKLAR
    Parsons CorpPSN

    Sector: Technology

    QBTS Analyst Ratings

    Consensus
    Buy
    Analysts
    17
    Strong Buy
    1
    Buy
    14
    Hold
    2
    Sell
    0
    Strong Sell
    0

    QBTS Bull Case vs Bear Case

    Bull case

    • 88.2% of QBTS's analyst ratings are Buy or Strong Buy.

    Bear case

    • QBTS beat EPS estimates in 37.5% of its last 8 reported quarters.
    • QBTS's quarterly revenue changed -0.6% year over year.

    QBTS Earnings: Beat Rate and Next Report

    Beat rate
    3 of 8 quarters (37.5%)
    Average surprise
    -113.9%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $-0.09
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    2 up, 3 down

    Frequently Asked Questions About QBTS

    Does QBTS pay dividends?

    D-Wave Quantum Inc. Common Stock (QBTS) does not currently pay a regular dividend.

    What is QBTS's market cap?

    D-Wave Quantum Inc. Common Stock (QBTS) has a market capitalization of $4.75B with a current stock price of $12.81.

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