D-Wave Quantum Inc.

D-Wave Quantum Inc.

NNYSE:QBTS
16.21
USD
-0.89
(-5.20%)
-0.69EPS
8.92BMarket Cap
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.05
0.06
0.06
0.06
0.05
0.08
0.03
Basic EPS, GAAP
-0.2
-0.37
-0.45
-0.6
-0.75
-1.11
-0.69
Free Cash Flow per Basic Share
-0.27
-0.34
-0.38
-0.44
-0.23
-0.24
-0.33
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-1.43
-1.9
-0.26
-0.15
0.23
2.38
2.91
Tangible Book Value per Share
-1.43
-1.9
-0.26
-0.15
0.23
2.37
1.42
Basic Weighted Avg Shares
110
110
120
138
192
321
358
Sales/Revenue/Turnover
5
6
7
9
9
25
12
Operating Margin (%)
-609.83
-620.29
-828.91
-919.68
-874.85
-408.22
-1,372.88
Depreciation Expense
3
3
2
2
2
2
10
Net Income, GAAP
-22
-41
-54
-83
-144
-355
-249
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-425.72
-652.54
-748.67
-944.45
-1,629.99
-1,444.1
-2,001.59
Working Capital
29
6
-2
36
155
875
533
LT Debt
3
37
38
71
37
42
47
Total Equity
33
-18
-29
-24
63
852
1,083
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
-77.62
-27.98

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2
2
1
LT Borrowings
36
35
35
LT Finance Leases
6
10
12
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
359
370
372
Market Capitalization
9,381
5,340
8,925

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
896
607
561
Cash, Cash Equivalents & STI
884
588
546
Accounts Receivable, Net
2
9
2
Inventories
3
3
3
Total Current Liabilities
21
28
27
Payables & Accruals
6
8
9
ST Debt
2
2
1
Deferred Revenue
3
9
9

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
158.4%
1,260.39%
Free Cash Flow
- -
24.63%
69.49%
Net Income, GAAP
- -
78.47%
146.78%
Sales/Revenue/Turnover
- -
47.47%
178.54%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2
2
2
2
9
2025
15
3
4
3
25
2026
3
3
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.11
-0.1
-0.11
-0.37
-0.75
2025
-0.02
-0.55
-0.41
-0.12
-1.11
2026
-0.05
-0.13
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Alan E. Baratz
Full Time Employees
388
Sector
Electronic technology
Industry
Computer processing hardware
Address
2650 East Bayshore Road Palo Alto CA United States 94303
IPO Date
Oct 11, 2020
Business
D-Wave Quantum Inc. (NYSE: QBTS) develops and delivers quantum computing systems, software, and services worldwide, specializing in annealing quantum computers for practical optimization applications across industries including logistics, financial services, manufacturing, life sciences, and artificial intelligence. The company offers Advantage and Advantage2 quantum computers, featuring over 4,400 qubits in the latest fifth-generation systems; Leap quantum cloud service, providing real-time access to quantum hardware and hybrid solvers with production-grade security and 99.9% uptime; Ocean suite of open-source developer tools; Launch professional services program for enterprise onboarding from problem discovery to production deployment; and Quantum QuickStart training, alongside hybrid solver services combining quantum and classical resources for enterprise-scale problems. Founded in 1999 and headquartered in Palo Alto, California, with key research facilities in Burnaby, British Columbia, Canada, and additional offices supporting sales and operations in the United States, Europe, and Asia, D-Wave serves commercial enterprises, government agencies, research institutions, and developers targeting complex challenges such as employee scheduling, portfolio optimization, vehicle routing, drug discovery, and fault detection. In recent developments, the company launches the general availability of its most advanced Advantage2 system via cloud and on-premises in 2025, secures $400 million in funding to fuel expansion and scale toward 100,000-qubit targets, deepens strategic partnership with NASA's Jet Propulsion Laboratory for cryogenic packaging and multichip interconnect advancements, teams with Carahsoft for U.S. government sales, and delivers systems to Davidson Technologies for national defense applications; earlier, it formed a technical and commercial alliance with Zapata AI to integrate quantum annealing with generative AI for molecule discovery and machine learning.

Company News

  • QBTS Shareholder Alert: Investors With Losses May Seek to Lead the Class Action in D-Wave Quantum Inc. Securities Lawsuit - Contact SueWallSt

  • Pomerantz Law Firm Announces the Filing of a Class Action Against D-Wave Quantum Inc. and Certain Officers - QBTS

  • Faruqi & Faruqi, LLP Urges D-Wave Quantum Inc. (QBTS) Investors to Seek Counsel Before the December 15, 2026 Lead Plaintiff Deadline in the Securities Class Action

  • D-WAVE QUANTUM INC. (QBTS) SHAREHOLDER ALERT Bernstein Liebhard LLP Reminds D-Wave Quantum Inc. Investors of Upcoming Deadline

  • Where Will D-Wave Quantum Stock Be in 5 Years?

  • Forget the Anthropic IPO. Here Are 6 Stocks Worth Watching.

  • ROSEN, NATIONAL TRIAL LAWYERS, Encourages D-Wave Quantum Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - QBTS

  • Lost Money on D-Wave Quantum, Inc. Shares? The Law Offices of Frank R.

  • D-Wave Quantum Inc. (QBTS) Class Action Lawsuit Seeks Recovery for Investors; December 15, 2026 Deadline- Contact Kessler Topaz Meltzer & Check, LLP

  • QBTS Shareholder Alert: December 15, 2026 Lead Plaintiff Deadline in D-Wave Quantum Inc. Securities Class Action - Contact Levi & Korsinsky

  • SHAREHOLDER ALERT: Bronstein Gewirtz & Grossman, LLC Announces Class Action Against D-Wave Quantum Inc. (NASDAQ: QBTS) — Investors Who Suffered Losses Are Encouraged to Contact the Firm

  • D-Wave Quantum Vs. IonQ: Tech Differences Dictate Investment Strategy

  • Kaplan Fox & Kilsheimer LLP Alerts D-Wave Quantum Inc. (QBTS) Investors to a Securities Class Action Deadline on December 14, 2026

  • ROSEN, HIGHLY REGARDED INVESTOR COUNSEL, Encourages D-Wave Quantum Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - QBTS

  • QBTS Investors Have Opportunity to Lead D-Wave Quantum Inc. Securities Fraud Lawsuit

  • SHAREHOLDER ALERT: Bronstein Gewirtz & Grossman, LLC Announces Class Action Against D-Wave Quantum Inc. (NASDAQ: QBTS) -- Investors Who Suffered Losses Are Encouraged to Contact the Firm.

  • SHAREHOLDER ALERT: Bronstein Gewirtz & Grossman, LLC Announces Class Action Against D-Wave Quantum Inc. (NASDAQ: QBTS) -- Investors Who Suffered Losses Are Encouraged to Contact the Firm.

  • Here's How QBTS' Liquidity Supports Expansion Despite Rising Cash Burn

  • QBTS Investors Have Opportunity to Lead D-Wave Quantum Inc. Securities Fraud Lawsuit with SBS Law

  • INVESTOR ALERT: D-Wave Quantum Inc. Investors with Substantial Losses May Seek to Lead Class Action Lawsuit, Robbins Geller Rudman & Dowd LLP Announces – QBTS