D-Wave Quantum Inc.
QBTS
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- D-Wave Quantum Inc. operates in the rapidly evolving quantum computing industry, which is expected to grow significantly as businesses seek advanced computational solutions.
- The company has a market cap of approximately $5.99 billion, indicating strong investor interest and potential for future growth.
- D-Wave's target mean price is $34.65, suggesting a significant upside from current levels.
- D-Wave has a high debt-to-equity ratio of 4.442, indicating potential financial instability and risk.
- Revenue growth has been negative at -0.6%, signaling challenges in increasing sales.
- The company's operating margin is currently at -1732%, reflecting severe operational inefficiencies.
Fundamentals
| Market cap | $5.54B | Enterprise value | $4.94B | Trailing P/E | — | Forward P/E | -38.66 |
| PEG | — | Price / book | 5.02 | Beta | 2.17 | Dividend yield | 0.00% |
| Revenue growth | -0.6% | Earnings growth | — | Gross margin | 64.2% | Operating margin | -17.3% |
| Profit margin | 0.0% | ROE | -28.0% | ROA | -10.7% | Debt / equity | 0.04 |
| Current ratio | 20.55 | Free cash flow | -$73.38M | Analyst recommendation | strong_buy | Mean target | $34.65 |
| 52w high | $46.75 | 52w low | $12.75 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $3.1M | $2.9M | $2.8M | $3.7M | $3.1M | — |
| Op margin | -1732.1% | -1914.9% | -1266.0% | -741.8% | -856.3% | — |
| Net income | -$48.0M | -$18.4M | -$42.3M | -$140M | -$167M | — |
| Gross margin | 55.4% | 63.6% | 64.8% | 71.4% | 63.8% | — |
| Gross profit | $1.7M | $1.8M | $1.8M | $2.7M | $2.0M | — |
| Operating income | -$53.3M | -$54.7M | -$34.8M | -$27.7M | -$26.5M | — |
- Revenue +8% vs prior quarter ($3.1M vs $2.9M).
- Gross margin 55.4% (was 63.6% prior quarter).
- Operating margin expanded to -1732%.
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $24.6M | $8.8M | $8.8M | $7.2M | — |
| Op margin | -408.2% | -874.8% | -919.7% | -828.9% | — |
| Net income | -$355M | -$144M | -$82.7M | -$53.7M | — |
| Gross margin | 82.6% | 63.0% | 52.8% | 59.2% | — |
| Gross profit | $20.3M | $5.6M | $4.6M | $4.3M | — |
| Operating income | -$100M | -$77.2M | -$80.5M | -$59.5M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · Why Did D Wave Quantum (QBTS) Stock Drop While Attention Builds?
2026-10-08 · 2 AI and Quantum Stocks Set for Strong Q3 Earnings Growth
2026-10-08 · Should You Buy These 4 Quantum Computing Stocks Before 2027?
2026-10-08 · The One Number IonQ Stock Investors Should Watch
2026-10-07 · D-Wave Quantum vs. Rigetti Computing: Which Cutting Edge Quantum Stock Is a Better Buy in 2026?
2026-10-07 · How IonQ Is Progressing in Quantum Computing and Space Operations
2026-10-07 · D-Wave Quantum Crashed in 2026: One Wall Street Pro Predicts 170% Returns by 2027
2026-10-06 · Why This Freshly Public Quantum Stock Could Rise 120%
2026-10-06 · Rigetti's Quantum Momentum Builds Despite Uneven Revenue Growth
2026-10-06 · CGI (TSX:GIB.A) Following D Wave Deal Has A Fresh Valuation Question
2026-10-06 · Here's How QBTS Exited Third Quarter With Key Growth Catalysts
2026-10-06 · D-Wave's Gate-Model Tech Notches a Major Milestone
Price (daily)
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