D-Wave Quantum(NYSE) QBTS

Market CapN/A

Since IPO (2020)+15%

5 Year+19%

1 Year-62%

1 Month-31%

Premium Feature

Moneyball Superscore

66/100

N/A

D-Wave Quantum last closing stock price
Metric	Price	Date
Last close	USD 11.66	2026-10-23

D-Wave Quantum stock price return by period
Period	Price return	Price at period start	Period start date
1 week	-1.02%	USD 11.78	2026-10-16
1 month	-30.64%	USD 16.81	2026-09-23
3 month	-28.07%	USD 16.21	2026-07-24
Year to date	-55.41%	USD 26.15	2025-12-31
1 year	-62.46%	USD 31.06	2025-10-23
3 year	+1,382.52%	USD 0.79	2023-10-24
5 year	+19.1%	USD 9.79	2021-10-22
Since inception	+14.88%	USD 10.15	2020-12-11

D-Wave Quantum Financials at a Glance

Market Cap

N/A

Revenue (TTM)

$12.43M

Net Income (TTM)

-$248.70M

EPS (TTM)

N/A

P/E Ratio

N/A

Dividend

N/A

Beta (Volatility)

N/A

Dividend

N/A

Beta (Volatility)

N/A

Price

N/A

Volume

N/A

Open

N/A

Price

N/A

Volume

N/A

Open

N/A

Previous Close

N/A

Daily Range

N/A

52-Week Range

N/A

Estimated Earnings Date

Nov 5, 2026

Dividend

N/A

Beta (Volatility)

N/A

Price

N/A

Volume

N/A

Open

N/A

Previous Close

N/A

Daily Range

N/A

52-Week Range

N/A

Estimated Earnings Date

Nov 5, 2026

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Page 1

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About D-Wave Quantum

D-Wave Quantum Inc. NASDAQ:QBTS makes computers that solve very hard problems. Companies use them to find the best ways to work. People use these systems online or at their own offices.

What Does D-Wave Sell?

Cloud Computing: Subscription access to computers through the Leap platform, providing quantum computing as a service.
Professional Services: Expert help for companies through the Launch program to identify and build quantum applications.
Quantum Systems: Direct sales of physical superconducting computers like the Advantage2 for on-site use.
Programming Tools: Open-source software called Ocean that helps developers write code for quantum hardware.

Recent Strategic Moves

Acquired Quantum Circuits, Inc. on Jan. 20, 2026, for $250 million in cash and 10.4 million common shares.
Transferred the listing and trading of its common shares to Nasdaq in July 2026.
Planned to move its corporate headquarters and open a new research facility in Florida by late 2026.
Released Advantage2, the sixth-generation annealing quantum computing system designed for faster response times.

Why D-Wave Stands Out

D-Wave is a commercial supplier that offers both annealing, which solves optimization problems, and gate-model quantum computing. Its Leap cloud platform provides customers with real-time access to quantum hardware and maintains 99.9% uptime.

Financial Performance

Revenue was $5.9 million for the six months ended June 30, 2026, down 67% year over year.
Research and development expenses reached $54.0 million for the six months ended June 30, 2026, up 135% year over year.
Net loss was $66.3 million for the first half of 2026, down 62% year over year.
Net cash used in operating activities totaled $73.5 million for the six-month period ended June 30, 2026.

Bottom Line

D-Wave is transitioning from a research entity to a commercial provider of cloud-based quantum services. The company continues to invest in next-generation hardware while consolidating its operations and technical capabilities through acquisitions.

AI Generated • Aug 7, 2026

Industry

Software

Sector

Information Technology

Employees

388

CEO

Alan E. Baratz, PhD

Website

www.dwavesys.com

Headquarters

Palo Alto, CA 94303, US

QBTS Financials

Key Financial Metrics (TTM)

Gross Margin

64.19%

Operating Margin

-1372.88%

Net Income Margin

-2001.59%

Return on Equity

-26.67%

Return on Capital

-11.21%

Return on Assets

-21.47%

Earnings Yield

N/A

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

N/A

Shares Outstanding

N/A

Volume

N/A

Avg. Volume

N/A

Financials (TTM)

Gross Profit

$7.98M

Operating Income

-$170.58M

EBITDA

-$262.57M

Operating Cash Flow

-$110.88M

Capital Expenditure

-$8.20M

Free Cash Flow

-$119.08M

Cash & ST Invst.

$546.22M

Total Debt

$13.08M

D-Wave Quantum Performance Analysis

D-Wave Quantum annual revenue and year-over-year revenue growth by fiscal year
Fiscal year	Period end	Revenue	YoY growth
2022	2022-12-31	USD 7,173,000	14.2%
2023	2023-12-31	USD 8,758,000	22.1%
2024	2024-12-31	USD 8,827,000	0.8%
2025	2025-12-31	USD 24,587,000	178.5%

D-Wave Quantum sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarter	Period end	QoQ growth
Q3	2025-09-30	20.8%
Q4	2025-12-31	-26.4%
Q1	2026-03-31	3.9%
Q2	2026-06-30	7.6%

D-Wave Quantum annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal year	Period end	Diluted EPS	YoY growth
2022	2022-12-31	USD -0.45	37.3%
2023	2023-12-31	USD -0.60	33.6%
2024	2024-12-31	USD -0.75	24.9%
2025	2025-12-31	USD -1.11	47.6%

D-Wave Quantum sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarter	Period end	QoQ growth
Q3	2025-09-30	28.1%
Q4	2025-12-31	70.7%
Q1	2026-03-31	58.3%
Q2	2026-06-30	-160.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name

Q2 2026YOY CHG

Revenue

$3.08M

-0.6%

Gross Profit

$1.70M

-13.8%

Gross Margin

55.40%

N/A

Market Cap

N/A

Market Cap/Employee

N/A

Employees

385

N/A

Net Income

-$48.03M

+71.3%

EBITDA

-$42.68M

+74.4%

Quarterly Fundamentals

Name

Q2 2026YOY CHG

Total Cash

$546.22M

-33.3%

Total Debt

$13.08M

-67.3%

Accounts Receivable

$2.02M

-17.2%

Inventory

$3.49M

+42.5%

Long Term Debt

$11.83M

-69.2%

Short Term Debt

$1.25M

-21.7%

Return on Assets

-21.47%

N/A

Return on Invested Capital

-15.08%

N/A

Free Cash Flow

-$32.94M

-105.4%

Operating Cash Flow

-$28.50M

-86.5%

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Questions About QBTS

What is the current price of D-Wave Quantum?

D-Wave Quantum is trading at N/A per share.

What is the 52-week range for D-Wave Quantum?

Over the past 52 weeks, D-Wave Quantum has traded between N/A and N/A.

How much debt does D-Wave Quantum have?

As of the most recent reporting period, D-Wave Quantum reported total debt of $48.11M.

How much cash does D-Wave Quantum have on hand?

D-Wave Quantum reported $296.64M in cash and cash equivalents in its most recent financial results.

What is D-Wave Quantum’s dividend yield?

D-Wave Quantum does not currently have a dividend yield.

D-Wave Quantum(NYSE) QBTS

D-Wave Quantum Financials at a Glance

QBTS News

Where Will D-Wave Quantum Stock Be in 5 Years?

Forget the Anthropic IPO. Here Are 6 Stocks Worth Watching.

IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. Are Shaking Wall Street to Its Core With This $1 Billion Warning

Quantum Computing Is Still Years Away. These 6 Stocks Show Who Is Closest to Real Revenue.

Could Investing $5,000 in D-Wave Quantum Stock Today Make You a Millionaire?

$1,000 in Each of These 6 Quantum, Air Taxi, and Satellite Stocks Could Be Worth This Much by 2030

D-Wave Quantum vs. QuantumScape: Here Is the Better Innovative Technology Stock to Buy in 2026

D-Wave Quantum vs. Rigetti Computing: Which Cutting Edge Quantum Stock Is a Better Buy in 2026?

QBTS: Motley Fool Moneyball Superscore

Our CEO Is Handing Members His Secret Weapon

About D-Wave Quantum

What Does D-Wave Sell?

Recent Strategic Moves

Why D-Wave Stands Out

Financial Performance

Bottom Line

QBTS Financials

Key Financial Metrics (TTM)

Stock Overview

Financials (TTM)

D-Wave Quantum Performance Analysis

Revenue Growth Rate

Earnings Per Share Growth Rate

Quarterly Performance

Quarterly Fundamentals

Other Investments to Explore

People Also Watch

Trending Stocks

Questions About QBTS

What is the current price of D-Wave Quantum?

What is the 52-week range for D-Wave Quantum?

How much debt does D-Wave Quantum have?

How much cash does D-Wave Quantum have on hand?

What is D-Wave Quantum’s dividend yield?

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