Technology · Computer Hardware

D-Wave Quantum Inc.

NYQ: QBTS ·USD ·United States
President, CEO & Director Dr. Alan E. Baratz Ph.D.
48 Months —

Price Chart

Last 12 months · daily close · updated after market close
12-Month Chart
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Key Metrics

Updated May 13, 2026
52 Week Range
10.36 – 46.75
Day Range
20.70 – 22.36
EPS (FWD)
-0.37
PE (TTM)
—
PE (FWD)
-60.41
Div Rate (FWD)
—
Yield (FWD)
—
Short Interest
16.00%
Market Cap
$8.28 B
Prev. Close
22.35

Analyst Consensus

Consensus Rating
STRONG BUY
Analysts
15
covering this stock
Mean Target
$35.77
+66.8% vs current
Current Price
$21.44
-4.07% today
12-Month Price Target Range
MEAN TARGET
$35.77
NOW $21.44
LOW TARGET
$19.58
HIGH TARGET
$45.00
Range based on 15 Wall Street analysts covering QBTS.
Recent Analyst Actions — 7 unique firms, latest first
  • May 13, 2026 Maintain Canaccord Genuity Buy ($43 → $41)
  • May 13, 2026 Maintain Rosenblatt Buy PT $43
  • May 13, 2026 Reiterate Cantor Fitzgerald Overweight PT $40
  • May 13, 2026 Maintain Mizuho Outperform ($31 → $29)
  • May 13, 2026 Reiterate Needham Buy PT $40
  • Feb 27, 2026 Maintain Evercore ISI Group Outperform ($44 → $42)
  • Feb 27, 2026 Maintain Roth Capital Buy ($40 → $30)
D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company's server. The company …
Employees
216
HQ
Palo Alto, United States
Website
dwavequantum.com ↗
Quarter Revenue YoY Net Income EPS (Diluted) YoY Gross Margin Op. Margin
Q4 2025 Dec 2025 $2.8M +19.2% $-42.3M $-0.12 +67.6% 64.8% -1,266.0%
Q3 2025 Sep 2025 $3.7M — $-140.0M $-0.41 — 71.4% -741.8%
Q2 2025 Jun 2025 $3.1M — $-167.3M $-0.55 — 63.8% -856.3%
Q1 2025 Mar 2025 $15.0M — $-5.4M $-0.02 — 92.5% -75.3%
Q4 2024 Dec 2024 $2.3M — $-86.1M $-0.37 — 63.8% -876.2%

Data from Yahoo Finance. YoY compares the same quarter of the prior fiscal year.

MetricCurrentForward
EPS—$-0.37
Revenue—$24.6 M
P/E—-60.41
Dividend——
Profit Margin0.00%—
PEG Ratio——
Beta (5Y)1.95—
Rate (FWD)
—
Yield (FWD)
—
Payout Ratio
0.00%
Ex-Div Date
—
D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company's server. The company also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.

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