Technology -
Computer Hardware - NYSE - CA
$ 6.6
4.1 %
$ 1.9 B
Market Cap
-8.8
P/E
1. INTRINSIC VALUE
Balance Sheet
D-Wave Quantum Inc.
| Current Assets | 185 M |
| Cash & Short-Term Investments | 178 M |
| Receivables | 1.42 M |
| Other Current Assets | 5.64 M |
| Non-Current Assets | 14.8 M |
| Long-Term Investments | 2.57 M |
| PP&E | 11.4 M |
| Other Non-Current Assets | 845 K |
| Current Liabilities | 30.1 M |
| Accounts Payable | 815 K |
| Short-Term Debt | 1.86 M |
| Other Current Liabilities | 27.5 M |
| Non-Current Liabilities | 107 M |
| Long-Term Debt | 6.39 M |
| Other Non-Current Liabilities | 101 M |
EFFICIENCY
Earnings Waterfall
D-Wave Quantum Inc.
| Revenue | 8.83 M |
| Cost Of Revenue | 3.26 M |
| Gross Profit | 5.56 M |
| Operating Expenses | 82.8 M |
| Operating Income | -77.2 M |
| Other Expenses | 66.7 M |
| Net Income | -144 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
D-Wave Quantum Inc.
| Net Income | -144 M |
| Depreciation & Amortization | 1.93 M |
| Capital Expenditures | -2.11 M |
| Stock-Based Compensation | 15.7 M |
| Change in Working Capital | 20.9 M |
| Others | 84.3 M |
| Free Cash Flow | -44.7 M |
Wall Street Analysts Price Targets
D-Wave Quantum Inc.
Wall Street analysts predict an average 1-year price target for QBTS of $2.6 , with forecasts ranging from
a
low of
$2 to a high of $4 .
QBTS Lowest Price Target
Wall Street Target
2 USD
-69.70%
QBTS Average Price Target
Wall Street Target
2.6 USD
-60.61%
QBTS Highest Price Target
Wall Street Target
4 USD
-39.39%
4. DIVIDEND
ANALYSIS
QBTS does not distribute dividends.
5. COMPETITION
6. Ownership
Insider Ownership
D-Wave Quantum Inc.
Sold
0-3 MONTHS
86.1 K USD 3
3-6 MONTHS
176 M USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
31.3 M USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
D-Wave Quantum Surges 38% in March: Is QBTS a Smart Buy Now?
QBTS emerges as a strong investment opportunity in 2025, driven by its recent groundbreaking achievements.
zacks.com
- 2 weeks ago
Why Some Quantum Computing Stocks Soared Last Month (While Others Slumped)
Stocks in the quantum computing industry went all over the place in March. According to data from S&P Global Market Intelligence, D-Wave Quantum (QBTS 2.16%) rose 38.7%, and Quantum Computing (QUBT 5.28%) gained 31.9%.
fool.com
- 2 weeks ago
D-Wave: Multiple Use Cases Emerge Following Quantum Supremacy
Investors may see a disconnect between the headlines that D-Wave Quantum Inc. NYSE: QBTS has generated and its share price performance in recent weeks. The quantum computing firm came out with two seemingly significant technological updates so far in 2025—first, a report that it had achieved quantum supremacy for the first time, and second, a breakthrough in quantum blockchain technology.
marketbeat.com
- 2 weeks ago
Wall Street Analysts Think D-WAVE QUANTUM (QBTS) Could Surge 26.39%: Read This Before Placing a Bet
The consensus price target hints at a 26.4% upside potential for D-WAVE QUANTUM (QBTS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
zacks.com
- 2 weeks ago
Japan Tobacco and D-Wave Announce Quantum Proof-of-Concept Outperforms Classical Results for LLM Training in Drug Discovery
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 pharmaceutical division of Japan Tobacco Inc. (“JT”) today announced the completion of a joint proof-of-concept project that used quantum computing technology and artificial intelligence (AI) in the drug discovery process. JT and D-Wave enhanced large language models (LLMs) with a quantum-hybrid workflow to increase their genera.
businesswire.com
- 2 weeks ago
In Production: Ford Otosan Deploys Vehicle Manufacturing Application Built with D-Wave Technology
PALO ALTO, Calif. & GÖLCÜK, Turkey--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, and Ford Otosan, a joint venture between Ford Motor Company and Koç Holding in Turkey, today announced that the vehicle manufacturer has deployed a hybrid-quantum application in production, streamlining manufacturing processes for its Ford Transit line of vehicles. The application, which uses D-Wave's annealing quantum.
businesswire.com
- 2 weeks ago
D-Wave Highlights Quantum Optimization Customer Growth and Introduces Expanded Offering to Accelerate Adoption and Deployment
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, today announced several initiatives designed to increase adoption and deployment of its commercial quantum optimization offering. At the Company's Qubits 2025 user conference, D-Wave introduced updates to its hybrid quantum solvers and expanded use cases, reflecting increased demand for quantum optimization solutions from end users, ind.
businesswire.com
- 2 weeks ago
3 Quantum Computing Stocks That Could Make You a Millionaire
Quantum computing stocks aren't in style on Wall Street like they were three months ago. With questions circling the U.S. economy about how it will fare with tariffs, investors are looking for safer places to stash their money.
fool.com
- 3 weeks ago
Quantum Computing D-Wave News - FAANG Data Science 2025 Interview Prep Course Questions MCQ Answers And Mock Interviews Updated
Santa Clara, March 28, 2025 (GLOBE NEWSWIRE) -- Santa Clara, California - As quantum computing reaches new milestones with D-Wave's recent claim of "quantum supremacy" in magnetic materials simulation, Interview Kickstart announces the launch of its comprehensive Data Science Interview Masterclass, designed to prepare technical professionals for the rapidly evolving computational landscape. To learn more about the course, visit: https://interviewkickstart.com/courses/data-science-course Last week, D-Wave published research in the scientific journal Science demonstrating quantum computing capabilities that reportedly completed complex magnetic materials simulations in under 20 minutes—tasks that would require nearly a million years on traditional supercomputers.
globenewswire.com
- 3 weeks ago
Why Buy QBTS & IONQ Stocks After NVIDIA Quantum Day?
NVIDIA Corporation's NVDA CEO Jensen Huang recently changed his stance on quantum computing from two months ago. What optimism on quantum computing does he exude, and why should investors consider buying D-Wave Quantum Inc. QBTS and IonQ, Inc. IONQ stocks now?
zacks.com
- 3 weeks ago
D-Wave Quantum: Potential Applications In Crypto Mining; Initiating With 'Buy'
I am initiating a 'Buy' rating on D-Wave Quantum with a fair value of $11 per share due to its superior technology and potential in crypto mining. D-Wave's quantum computing technology could significantly reduce energy costs in cryptocurrency mining, accelerating the commercialization of quantum computers. The company's annealing and gate-model quantum computers provide unique advantages, with strong commercial applications and growing customer interest.
seekingalpha.com
- 3 weeks ago
D-Wave: Too Complex, Too Uncertain, Just Avoid
D-Wave Quantum's recent breakthrough in annealing quantum computing led to a 27% stock price jump, but I recommend selling due to high risks and uncertain profitability. The company's valuation is extremely high, with a price-to-sales ratio of 182, not suitable for investment. Technological breakthroughs, research funding, and industry growth are potential risks to my bearish thesis, but I assign a low probability to D-Wave's success.
seekingalpha.com
- 3 weeks ago
8. Profile
Summary
D-Wave Quantum Inc. QBTS
COUNTRY
CA
INDUSTRY
Computer Hardware
MARKET CAP
$ 1.9 B
Dividend Yield
0.00%
Description
D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Launch, a quantum computing onboarding service; Ocean a full suite of open-source programming tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through in-production application deployment. The company's quantum solutions are used in artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. It serves manufacturing and logistics, financial services, life sciences, and other industries. D-Wave Quantum Inc. is based in Burnaby, Canada.
Contact
3033 Beta Avenue, Burnaby, BC, V5G 4M9
https://www.dwavesys.com
IPO
Date
Dec. 11, 2020
Employees
216
Officers
Ms. Sophie Ames
Chief Human Resources Officer
Mr. Trevor Lanting
Chief Development Officer
Ms. Diane Nguyen
General Counsel
Dr. Alan E. Baratz Ph.D.
President, Chief Executive Officer & Director
Mr. Lorenzo Martinelli
Chief Revenue Officer
Mr. John M. Markovich
Chief Financial Officer
Mr. Eric Ladizinsky
Co-Founder & Chief Scientist