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Technology - Computer Hardware - NYSE - CA
$ 1.64
-12.3 %
$ 330 M
Market Cap
-4.0
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one QBTS stock under the base case scenario is HIDDEN Compared to the current market price of 1.64 USD, D-Wave Quantum Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart QBTS

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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 Decomposition D-Wave Quantum Inc.
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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 3.15 M
Other Current Liabilities 6.64 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.
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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%
-195.78% ROIC
-195.78%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis D-Wave Quantum Inc.
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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.
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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 21.95%
QBTS Average Price Target Wall Street Target
2.33 USD 42.28%
QBTS Highest Price Target Wall Street Target
2.5 USD 52.44%
4. DIVIDEND ANALYSIS
0.00% DIVIDEND YIELD
0 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership D-Wave Quantum Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
31.3 M USD 1
6-9 MONTHS
0 USD 0
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
5 months ago
Jun 13, 2024
Sell 27.9 M USD
Michael Emil
Director
- 2424648
11.5 USD
5 months ago
Jun 10, 2024
Sell 530 K USD
Michael Emil
Director
- 46053
11.5 USD
5 months ago
Jun 05, 2024
Sell 474 K USD
Michael Emil
Director
- 41216
11.5 USD
5 months ago
Jun 06, 2024
Sell 903 K USD
Michael Emil
Director
- 78552
11.5 USD
5 months ago
Jun 06, 2024
Sell 26.6 K USD
Michael Emil
Director
- 2310
11.5 USD
5 months ago
Jun 07, 2024
Sell 180 K USD
Michael Emil
Director
- 15665
11.5 USD
5 months ago
May 31, 2024
Sell 96.7 K USD
Michael Emil
Director
- 8411
11.5 USD
5 months ago
Jun 03, 2024
Sell 644 K USD
Michael Emil
Director
- 55983
11.5 USD
5 months ago
Jun 04, 2024
Sell 415 K USD
Michael Emil
Director
- 36056
11.5 USD
5 months ago
May 31, 2024
Sell 47.4 K USD
Michael Emil
Director
- 36353
1.3033 USD
5 months ago
Jun 03, 2024
Sell 34.8 K USD
Michael Emil
Director
- 25675
1.3539 USD
5 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 31, 2022
Bought 449 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 64
7.01 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 16, 2022
Bought 1.04 K USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 100
10.45 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 19, 2022
Sell 260 USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 29
8.95 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 23, 2022
Sell 805 USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 100
8.05 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 24, 2022
Bought 124 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 14
8.88 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 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
1 year ago
Dec 13, 2022
Bought 0 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 6366
0 USD
1 year 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
D-Wave Quantum (QBTS) Q3 2024 Earnings Call Transcript D-Wave Quantum Inc. (NYSE:QBTS ) Q3 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Alan Baratz - Chief Executive Officer John Markovich - Chief Financial Officer Kevin Hunt - Investor Relations Conference Call Participants Quinn Bolton - Needham & Co. David Williams - Benchmark Richard Shannon - Craig Hallum Craig Ellis - B. Riley Suji Desiva - Roth Capital Robert Aguanno - Piper Sandler Operator Good morning ladies and gentlemen and welcome to the D-Wave Q3 2024 earnings conference call. seekingalpha.com - 3 days ago
D-Wave Quantum Inc. (QBTS) Reports Q3 Loss, Lags Revenue Estimates D-Wave Quantum Inc. (QBTS) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.12 per share a year ago. zacks.com - 3 days ago
D-Wave Achieves Significant Milestone with Calibration of 4,400+ Qubit Advantage2 Processor 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 has completed the calibration and benchmarking of a 4,400+ qubit Advantage2™ processor. This milestone marks a significant step forward in D-Wave's ongoing development of its sixth-generation annealing quantum computing system. The latest Advantage2 p. businesswire.com - 1 week ago
D-Wave Deemed “Awardable” Vendor for US Department of Defense Chief Digital and Artificial Intelligence Office's Tradewinds Solutions Marketplace 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 it has achieved “Awardable” status through the Chief Digital and Artificial Intelligence Office's (CDAO) Tradewinds Solutions Marketplace. The Tradewinds Solutions Marketplace is the premier offering of the Department of Defense's (DoD's) suite of tools and se. businesswire.com - 2 weeks ago
D-Wave: Buying Before Earnings Recent developments show D-Wave's quantum annealing technology is gaining commercial traction, solving complex problems beyond classical computers' capabilities, making it significantly undervalued. The Company's quantum annealer has proven quantum supremacy and commercial viability, with increasing use cases in industries like telecommunications and AI model training. Despite financial challenges and the need for substantial capital, QBTS's first-mover advantage and reliable management team justify a Strong Buy rating. seekingalpha.com - 2 weeks ago
The Quantum Computing Revolution is Here: 3 Top Stocks to Watch Quantum computing is a revolutionary, next-generation technology used to solve complex equations. Stock Strategist Andrew Rocco explains that though its in its early stages, quantum computing is likely to disrupt several industries. zacks.com - 4 weeks ago
D-Wave Receives Notice of Non-Compliance with NYSE Trading Share Price Listing Rule 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 received notice from the New York Stock Exchange (the “NYSE”) on October 2, 2024 that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because, as of October 2, 2024, the average closing price of the Company's common stoc. businesswire.com - 1 month ago
D-Wave Introduces Service-Level Agreements for Leap Quantum Cloud Customers in Production 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 the introduction of service-level agreements (SLAs) specifically tailored for Leap™ quantum cloud service customers who are transitioning applications into production. By establishing formal SLAs, D-Wave stands behind the high levels of availability, reliabil. businesswire.com - 1 month ago
D-Wave and Staque Announce Strategic Partnership to Accelerate Annealing Quantum Computing Adoption Across the Middle East PALO ALTO, Calif. & CALGARY, Alberta--(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 Staque, a leading consulting and development practice in AI, blockchain and quantum computing, announced a new strategic partnership aimed at accelerating the commercial adoption of annealing quantum computing across the Middle East. The partnership wa. businesswire.com - 1 month ago
D-Wave Quantum Inc. (NYSE: QBTS) Featured in Syndicated Broadcast Highlighting Extended Product Roadmap, Enhancements to Quantum Cloud Service LOS ANGELES, Aug. 12, 2024 (GLOBE NEWSWIRE) -- via IBN -- 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 has been featured in a broadcast via NetworkNewsAudio (“NNA”), which delivers additional visibility, recognition and brand awareness to the investment community via distribution to thousands of syndication points. The audio news release covers D-Wave's announcement that it is extending its product development roadmap with enhancements to its Leap™ quantum cloud service. globenewswire.com - 3 months ago
D-Wave Quantum Inc. (QBTS) Q2 2024 Earnings Call Transcript D-Wave Quantum Inc. (NYSE:QBTS ) Q2 2024 Earnings Call August 8, 2024 8:00 AM ET Company Participants Kevin Hunt - Investor Relations Alan Baratz - Chief Executive Officer John Markovich - Chief Financial Officer Conference Call Participants Craig Ellis - B. Riley Securities Quinn Bolton - Needham Richard Shannon - Craig-Hallum David Williams - Benchmark Suji Desilva - ROTH Capital Harsh Kumar - Piper Sandler Operator Good morning, ladies and gentlemen and welcome to the D-Wave Second Quarter 2024 Earnings Call. seekingalpha.com - 3 months ago
D-Wave Quantum Inc. (QBTS) Reports Q2 Loss, Misses Revenue Estimates D-Wave Quantum Inc. (QBTS) came out with a quarterly loss of $0.10 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.14 per share a year ago. zacks.com - 3 months ago
8. Profile Summary

D-Wave Quantum Inc. QBTS

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COUNTRY CA
INDUSTRY Computer Hardware
MARKET CAP $ 330 M
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. Eric Ladizinsky Co-Founder & Chief Scientist Mr. Trevor Lanting Chief Development Officer Ms. Sophie Ames Chief Human Resources Officer Ms. Diane Nguyen General Counsel Mr. Lorenzo Martinelli Chief Revenue Officer Dr. Alan E. Baratz Ph.D. President, Chief Executive Officer & Director Mr. John M. Markovich Chief Financial Officer