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Technology - Computer Hardware - NYSE - CA
$ 5.27
-9.29 %
$ 1.64 B
Market Cap
-12.85
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jan, 19, 2025.

The intrinsic value of one QBTS stock under the worst case scenario is HIDDEN Compared to the current market price of 5.27 USD, D-Wave Quantum Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 19, 2025.

The intrinsic value of one QBTS stock under the base case scenario is HIDDEN Compared to the current market price of 5.27 USD, D-Wave Quantum Inc. is HIDDEN

This DCF valuation model was last updated on Jan, 19, 2025.

The intrinsic value of one QBTS stock under the best case scenario is HIDDEN Compared to the current market price of 5.27 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.
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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 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.
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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%
-202.54% ROIC
-202.54%
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 -62.05%
QBTS Average Price Target Wall Street Target
2.33 USD -55.72%
QBTS Highest Price Target Wall Street Target
2.5 USD -52.56%
4. DIVIDEND ANALYSIS
5. COMPETITION
6. Ownership
Insider Ownership D-Wave Quantum Inc.
image
Sold
0-3 MONTHS
85.4 M USD 1
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
Dec 20, 2024
Sell 6.68 M USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 1000000
6.6782 USD
1 month ago
Dec 10, 2024
Sell 3.13 M USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 643866
4.868 USD
1 month ago
Dec 11, 2024
Sell 4.37 M USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 872175
5.012 USD
1 month ago
Dec 11, 2024
Sell 35.8 M USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 8420425
4.2476 USD
1 month ago
Dec 12, 2024
Sell 35.5 M USD
PUBLIC SECTOR PENSION INVESTMENT BOARD
10 percent owner
- 8437593
4.207 USD
7 months ago
Jun 13, 2024
Sell 27.9 M USD
Michael Emil
Director
- 2424648
11.5 USD
7 months ago
Jun 10, 2024
Sell 530 K USD
Michael Emil
Director
- 46053
11.5 USD
7 months ago
Jun 05, 2024
Sell 474 K USD
Michael Emil
Director
- 41216
11.5 USD
7 months ago
Jun 06, 2024
Sell 903 K USD
Michael Emil
Director
- 78552
11.5 USD
7 months ago
Jun 06, 2024
Sell 26.6 K USD
Michael Emil
Director
- 2310
11.5 USD
7 months ago
Jun 07, 2024
Sell 180 K USD
Michael Emil
Director
- 15665
11.5 USD
7 months ago
May 31, 2024
Sell 96.7 K USD
Michael Emil
Director
- 8411
11.5 USD
7 months ago
Jun 03, 2024
Sell 644 K USD
Michael Emil
Director
- 55983
11.5 USD
7 months ago
Jun 04, 2024
Sell 415 K USD
Michael Emil
Director
- 36056
11.5 USD
7 months ago
May 31, 2024
Sell 47.4 K USD
Michael Emil
Director
- 36353
1.3033 USD
7 months ago
Jun 03, 2024
Sell 34.8 K USD
Michael Emil
Director
- 25675
1.3539 USD
7 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 12, 2022
Bought 267 USD
GOLDMAN SACHS GROUP INC
10 percent owner
+ 24
11.14 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 19, 2022
Sell 260 USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 29
8.95 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 23, 2022
Sell 805 USD
GOLDMAN SACHS GROUP INC
10 percent owner
- 100
8.05 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 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
D-Wave Quantum to Participate in Fireside Chat at 27th Annual Needham Growth Conference 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 participating in a fireside chat at the 27th Annual Needham Growth Conference on Tuesday, January 14, 2025. The discussion between D-Wave CEO Dr. Alan Baratz and Needham senior analyst Quinn Bolton will address a variety of topics related to the co. businesswire.com - 2 weeks ago
Is D-Wave Quantum Inc. Stock a Buy in 2025? The quantum computing landscape is rapidly evolving as major tech giants pour resources into this transformative technology. D-Wave Quantum Inc. (QBTS -4.89%) has emerged as a standout player in this space, with its share price reflecting tremendous investor optimism over the past year. fool.com - 2 weeks ago
Why Quantum Computing Stocks Skyrocketed in December Several quantum computing stocks soared sky-high last month, according to data from S&P Global Market Intelligence. Here are three of the industry's most notable gains in December 2024: fool.com - 2 weeks ago
Best-Performing Stocks Of 2024 Best-Performing Stocks Of 2024 seekingalpha.com - 2 weeks ago
3 Quantum Computing Stocks Surging to End the Year Enthusiasm over the  quantum computing space is strong as 2025 approaches. schaeffersresearch.com - 3 weeks ago
3 Russell 2000 Tech Stocks That Skyrocketed 1,000% Or More In 2024: Analysts Say They're Just Getting Started Throughout 2024, certain small-cap gems in the Russell 2000 soared past expectations and gained over 1,000% year-to-date. benzinga.com - 3 weeks ago
What's next for quantum computing stocks in 2025? Quantum computing stocks proved a lucrative bet this year – but experts are convinced they'll find it incrementally more difficult to replicate their performance in 2025. invezz.com - 3 weeks ago
Analysts revise price targets for these Quantum Computing stocks The quantum computing industry is rapidly gaining momentum, with analysts revising price targets for key players in the sector. finbold.com - 3 weeks ago
Qubit Combat: 2 Stocks Battle for Quantum Supremacy Is quantum computing the next trillion-dollar market opportunity? Investors are certainly betting on it. marketbeat.com - 4 weeks ago
What's Behind The 500% Rise In QBTS Stock? The stock price of D-Wave Quantum (NYSE: QBTS), a quantum computing company, is up a whopping 500% in a month. D-Wave specializes in creating quantum computers that leverage quantum annealing technology to address complex optimization challenges. forbes.com - 1 month ago
Undercovered ETFs: Quantum Computing, India, Digital Assets, Small Caps + The 'Undercovered' Dozen series highlights lesser-covered ETFs, offering insights from various authors on potential investment opportunities and trends in this space. For Bitcoin exposure, Geneva Investor looks at the ARK 21Shares Bitcoin ETF which offers a simple, tax-efficient way to invest, tracking the CME CF Bitcoin Reference Rate. The WisdomTree India Earnings Fund ETF is David Johnson's top 2025 strong buy idea due to its portfolio of profitable Indian companies, benefiting from favorable demographics and U.S.-India relations. seekingalpha.com - 1 month ago
Top 2025 Tech Trend: Hold 2 Quantum Computing Stocks, Avoid 1 Quantum computing is a rising tech trend for 2025. Keep a tab on stocks like D-Wave, Rigetti Computing and IonQ. zacks.com - 1 month ago
8. Profile Summary

D-Wave Quantum Inc. QBTS

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COUNTRY CA
INDUSTRY Computer Hardware
MARKET CAP $ 1.64 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. Lorenzo Martinelli Chief Revenue Officer Ms. Diane Nguyen General Counsel Mr. Trevor Lanting Chief Development Officer Ms. Sophie Ames Chief Human Resources Officer Dr. Alan E. Baratz Ph.D. President, Chief Executive Officer & Director Mr. Eric Ladizinsky Co-Founder & Chief Scientist Mr. John M. Markovich Chief Financial Officer