image
Technology - Computer Hardware - NYSE - CA
$ 5.205
-5.02 %
$ 1.39 B
Market Cap
-12.7
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Mar, 3, 2025.

The intrinsic value of one QBTS stock under the worst case scenario is HIDDEN Compared to the current market price of 5.21 USD, D-Wave Quantum Inc. is HIDDEN

This DCF valuation model was last updated on Mar, 3, 2025.

The intrinsic value of one QBTS stock under the base case scenario is HIDDEN Compared to the current market price of 5.21 USD, D-Wave Quantum Inc. is HIDDEN

This DCF valuation model was last updated on Mar, 3, 2025.

The intrinsic value of one QBTS stock under the best case scenario is HIDDEN Compared to the current market price of 5.21 USD, D-Wave Quantum Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS
FINANCIALS
8.76 M REVENUE
22.10%
-80.5 M OPERATING INCOME
-35.47%
-82.7 M NET INCOME
-60.52%
-60.6 M OPERATING CASH FLOW
-34.10%
-630 K INVESTING CASH FLOW
-26.51%
95.6 M FINANCING CASH FLOW
121.05%
1.87 M REVENUE
-14.34%
-20.6 M OPERATING INCOME
-9.54%
-22.7 M NET INCOME
-27.75%
-18.1 M OPERATING CASH FLOW
-24.92%
-369 K INVESTING CASH FLOW
38.91%
7.01 M FINANCING CASH FLOW
-75.51%
Balance Sheet D-Wave Quantum Inc.
image
Current Assets 47 M
Cash & Short-Term Investments 41.3 M
Receivables 1.74 M
Other Current Assets 4 M
Non-Current Assets 12.3 M
Long-Term Investments 1.17 M
PP&E 10.8 M
Other Non-Current Assets 368 K
Current Liabilities 11.2 M
Accounts Payable 1.46 M
Short-Term Debt 1.77 M
Other Current Liabilities 8.01 M
Non-Current Liabilities 72.6 M
Long-Term Debt 70.9 M
Other Non-Current Liabilities 1.71 M
EFFICIENCY
Earnings Waterfall D-Wave Quantum Inc.
image
Revenue 8.76 M
Cost Of Revenue 4.14 M
Gross Profit 4.62 M
Operating Expenses 85.2 M
Operating Income -80.5 M
Other Expenses 2.17 M
Net Income -82.7 M
RATIOS
52.77% GROSS MARGIN
52.77%
-919.68% OPERATING MARGIN
-919.68%
-944.45% NET MARGIN
-944.45%
337.87% ROE
337.87%
-139.35% ROA
-139.35%
-161.48% ROIC
-161.48%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis D-Wave Quantum Inc.
image
Net Income -82.7 M
Depreciation & Amortization 1.84 M
Capital Expenditures -630 K
Stock-Based Compensation 21.9 M
Change in Working Capital -2.7 M
Others 1.71 M
Free Cash Flow -61.3 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets D-Wave Quantum Inc.
image
Wall Street analysts predict an average 1-year price target for QBTS of $2.33 , with forecasts ranging from a low of $2 to a high of $2.5 .
QBTS Lowest Price Target Wall Street Target
2 USD -61.58%
QBTS Average Price Target Wall Street Target
2.33 USD -55.17%
QBTS Highest Price Target Wall Street Target
2.5 USD -51.97%
4. DIVIDEND ANALYSIS
5. COMPETITION
6. Ownership
Insider Ownership D-Wave Quantum Inc.
image
Sold
0-3 MONTHS
176 M USD 4
3-6 MONTHS
0 USD 0
6-9 MONTHS
31.3 M USD 1
9-12 MONTHS
0 USD 0
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
Date Value Insider Amount Avg Price
1 month ago
Jan 23, 2025
Sell 12.6 K USD
Nguyen Diane
General Counsel
- 2383
5.27 USD
1 month ago
Jan 23, 2025
Sell 29.4 K USD
Markovich John M.
Chief Financial Officer
- 5582
5.27 USD
1 month ago
Jan 23, 2025
Sell 44.1 K USD
BARATZ ALAN E
President & CEO
- 8372
5.27 USD
1 month ago
Jan 10, 2025
Sell 17.1 M USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 2778564
6.1449 USD
1 month ago
Jan 13, 2025
Sell 4.29 M USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 898580
4.7722 USD
1 month ago
Jan 13, 2025
Sell 25.3 M USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 6380108
3.9681 USD
1 month ago
Jan 14, 2025
Sell 42.9 M USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 9500000
4.5131 USD
1 month ago
Jan 14, 2025
Sell 585 K USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 115306
5.0762 USD
2 months ago
Dec 20, 2024
Sell 6.68 M USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 1000000
6.6782 USD
2 months ago
Dec 10, 2024
Sell 3.13 M USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 643866
4.868 USD
2 months ago
Dec 11, 2024
Sell 4.37 M USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 872175
5.012 USD
2 months ago
Dec 11, 2024
Sell 35.8 M USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 8420425
4.2476 USD
2 months ago
Dec 12, 2024
Sell 35.5 M USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 8437593
4.207 USD
8 months ago
Jun 13, 2024
Sell 27.9 M USD
Michael Emil
Director
- 2424648
11.5 USD
8 months ago
Jun 10, 2024
Sell 530 K USD
Michael Emil
Director
- 46053
11.5 USD
8 months ago
Jun 05, 2024
Sell 474 K USD
Michael Emil
Director
- 41216
11.5 USD
8 months ago
Jun 06, 2024
Sell 903 K USD
Michael Emil
Director
- 78552
11.5 USD
8 months ago
Jun 06, 2024
Sell 26.6 K USD
Michael Emil
Director
- 2310
11.5 USD
8 months ago
Jun 07, 2024
Sell 180 K USD
Michael Emil
Director
- 15665
11.5 USD
9 months ago
May 31, 2024
Sell 96.7 K USD
Michael Emil
Director
- 8411
11.5 USD
9 months ago
Jun 03, 2024
Sell 644 K USD
Michael Emil
Director
- 55983
11.5 USD
8 months ago
Jun 04, 2024
Sell 415 K USD
Michael Emil
Director
- 36056
11.5 USD
9 months ago
May 31, 2024
Sell 47.4 K USD
Michael Emil
Director
- 36353
1.3033 USD
9 months ago
Jun 03, 2024
Sell 34.8 K USD
Michael Emil
Director
- 25675
1.3539 USD
8 months ago
Jun 04, 2024
Sell 62.9 K USD
Michael Emil
Director
- 49910
1.26 USD
1 year ago
Oct 16, 2023
Sell 22.9 K USD
Nguyen Diane
General Counsel
- 22855
1 USD
1 year ago
Jun 15, 2023
Sell 53.9 K USD
Michael Emil
Director
- 29021
1.857 USD
1 year ago
Jun 09, 2023
Sell 35.8 K USD
Brydon Victoria
See Remarks
- 15000
2.39 USD
2 years ago
Aug 10, 2022
Bought 229 K USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 19100
12.0128 USD
2 years ago
Sep 02, 2022
Bought 1.36 K USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 222
6.1348 USD
2 years ago
Aug 10, 2022
Bought 6 K USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 500
12 USD
2 years ago
Sep 02, 2022
Bought 634 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 102
6.2194 USD
2 years ago
Sep 02, 2022
Bought 314 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 51
6.165 USD
2 years ago
Sep 02, 2022
Bought 1.61 K USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 255
6.2967 USD
2 years ago
Aug 23, 2022
Bought 805 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 100
8.05 USD
2 years ago
Aug 31, 2022
Bought 428 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 64
6.68 USD
2 years ago
Aug 11, 2022
Bought 637 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 54
11.79 USD
2 years ago
Aug 11, 2022
Sell 12.1 USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 1
12.1 USD
2 years ago
Aug 19, 2022
Bought 260 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 29
8.95 USD
2 years ago
Aug 19, 2022
Sell 260 USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 29
8.95 USD
2 years ago
Aug 10, 2022
Sell 229 K USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 19100
12.0128 USD
2 years ago
Aug 10, 2022
Sell 6 K USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 500
12 USD
2 years ago
Aug 11, 2022
Bought 12.1 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 1
12.1 USD
2 years ago
Aug 12, 2022
Bought 267 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 24
11.14 USD
2 years ago
Aug 16, 2022
Bought 1.04 K USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 100
10.45 USD
2 years ago
Aug 23, 2022
Sell 805 USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 100
8.05 USD
2 years ago
Aug 24, 2022
Bought 124 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 14
8.88 USD
2 years ago
Aug 31, 2022
Bought 449 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 64
7.01 USD
2 years ago
Aug 31, 2022
Sell 428 USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 64
6.68 USD
2 years ago
Aug 11, 2022
Sell 637 USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 54
11.79 USD
2 years ago
Aug 12, 2022
Bought 148 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 13
11.36 USD
2 years ago
Aug 24, 2022
Sell 124 USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 14
8.88 USD
2 years ago
Aug 12, 2022
Sell 267 USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 24
11.14 USD
2 years ago
Aug 12, 2022
Sell 148 USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 13
11.36 USD
2 years ago
Aug 31, 2022
Sell 409 USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 64
6.39 USD
2 years ago
Aug 16, 2022
Sell 1.04 K USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 100
10.45 USD
2 years ago
Dec 13, 2022
Bought 0 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 6366
0 USD
2 years ago
Dec 13, 2022
Sell 0 USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 6366
0 USD
2 years ago
Nov 17, 2022
Bought 63.7 K USD
WEST STEVEN M
Director
+ 25000
2.55 USD
7. News
Quantum computing stocks are surging again after Microsoft unveiled its Majorana 1 quantum chip The stock prices of quantum computing companies are surging in premarket trading this morning after Microsoft unveiled a new type of quantum computing chip yesterday, the Majorana 1. Here's what you need to know about Microsoft's breakthrough and its impact on the stock prices of quantum computing companies. fastcompany.com - 1 week ago
Microsoft's Majorana 1 Shakes Up the Quantum Realm: 3 Stocks to Watch Microsoft MSFT has dramatically altered the quantum computing landscape with its groundbreaking Majorana 1 processor, positioning itself as the undisputed leader in this revolutionary technology. This watershed moment represents not just a scientific achievement but a compelling investment opportunity for forward-thinking investors in 2025. zacks.com - 1 week ago
Quantum computing stocks rise as Microsoft's new chip heats up debate over technology Quantum computing stocks rose in premarket trading on Thursday after Microsoft launched a new chip that indicated the technology is not "decades away" as stated by the top boss of AI chip bellwether Nvidia. reuters.com - 1 week ago
4 AI Stocks to Watch in the Quantum Computing Revolution Following the stock market's record-breaking 2024, during which the S&P 500 index returned a spectacular 23%, there's optimism among investors for the bull market to deliver further gains in 2025. fool.com - 1 week ago
Why D-Wave Quantum Stock Is Skyrocketing Today D-Wave Quantum (QBTS 15.23%) stock is surging higher Wednesday. The company's share price was up 13.6% as of 2:30 p.m. fool.com - 1 week ago
3 Stocks That Could Derail the AI Hype Train Subscribers to  Chart of the Week  received this commentary on Sunday, February 16. schaeffersresearch.com - 1 week ago
D-Wave Quantum Announces Another Sale. It's a Milestone in Quantum Computing. The D-Wave Advantage system found a new home at a German research institute, D-Wave said. barrons.com - 2 weeks ago
Forschungszentrum Jülich Purchases D-Wave™ Quantum Computer, Becoming First High-Performance Computing Center in the World to Own D-Wave's Advantage™ System PALTO ALTO, Calif. & JÜLICH, Germany--(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 supplier of quantum computers, and the Jülich Supercomputing Centre (JSC) at Forschungszentrum Jülich (FZJ) announced today that FZJ has purchased a D-Wave quantum computer, becoming the first high-performance computing (HPC) center in the world to own a D-Wave Advantage annealing quan. businesswire.com - 2 weeks ago
D-Wave Announces On-Premises Systems Offering to Push Boundaries of Quantum-Fueled Research and Advance Quantum + AI Development 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 supplier of quantum computers, today announced that it is enabling research centers, academic institutions, and governments to purchase on-premises D-Wave™ Advantage™ quantum computing systems to help customers push the boundaries of quantum-fueled experimentation, development and usage. Supported by toda. businesswire.com - 2 weeks ago
Are Quantum Computing Stocks RGTI, IONQ and QBTS Still Worth Buying in 2025? Quantum computing stocks were some of the biggest stories in 2024. 247wallst.com - 2 weeks ago
D-Wave Quantum Is Poised to Dominate the Quantum Computing Sector. Just Ask Its CEO. D-Wave's Alan Baratz says the company will be the first quantum pure-play to achieve profitability. barrons.com - 3 weeks ago
Should You Buy, Sell or Hold QBTS Stock at Its P/S of 90.31X? D-WAVE QUANTUM stock benefits from an expanding clientele and its growing influence in the quantum computing space. zacks.com - 3 weeks ago
8. Profile Summary

D-Wave Quantum Inc. QBTS

image
COUNTRY CA
INDUSTRY Computer Hardware
MARKET CAP $ 1.39 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 200
Officers Mr. Trevor Lanting Chief Development Officer Mr. Lorenzo Martinelli Chief Revenue Officer Ms. Diane Nguyen General Counsel Ms. Sophie Ames Chief Human Resources Officer Mr. Eric Ladizinsky Co-Founder & Chief Scientist Dr. Alan E. Baratz Ph.D. President, Chief Executive Officer & Director Mr. John M. Markovich Chief Financial Officer