D-Wave Quantum Inc. (QBTS)
NASDAQ: QBTSTechnologyEDP ServicesUSD
At close: Oct 7, 4:00 PM ET · Delayed 15 min
QBTS stock chart
Technical analysisKey statistics
All statistics- Market cap
- $5.78B
- EPS (TTM)
- -$0.67
- Dividend yield
- None
- 52-week range
- 12.75 – 46.75
- Day range
- 14.98 – 15.48
- Volume / Avg
- 14.34M / 16.73M
- Beta
- —
- Shares outstanding
- 376.45M
- Next earnings
- Nov 5, 2026
52-week range
QBTS stock today
Shares of D-Wave Quantum (QBTS) finished lower on Oct 7 at $15.22, a drop of 3.61% or $0.57 per share, versus the S&P 500's 0.22% decline. At this level, QBTS sits near the bottom of its 52-week range of $12.75 to $46.75: 67.4% below the high, set on Oct 15, 2025 and 19.4% above the low. QBTS is down 41.8% year to date, underperforming the S&P 500 (+14.0%). Over the past 12 months, the stock has lost 57.4%.
D-Wave Quantum has posted a net loss over the last twelve months (EPS of -$0.67), so its P/E ratio is not meaningful. D-Wave Quantum's next earnings report is expected on Nov 5, 2026.
Summary generated from market data by MetaCap's automated system. Methodology
About D-Wave Quantum
Company profileD-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.
- Sector
- Technology
- Industry
- EDP Services
- CEO
- Dr. Alan E. Baratz Ph.D.
- Headquarters
- Palo Alto, CA
- Employees
- 382
- Website
- dwavequantum.com
Financial highlights
Full financialsIn fiscal 2025, D-Wave Quantum generated $24.6 million in revenue, up 178.5% from fiscal 2024, its 5th consecutive year of revenue growth. D-Wave Quantum reported a net loss of $355.1 million, compared with a loss of $143.9 million a year earlier. Gross margin was 82.6% (up from 63.0%) and operating margin -408.2%.
| Fiscal year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Revenue | $24.59M | $8.83M | $8.76M | $7.17M | $6.28M |
| Growth | +178.54% | +0.79% | +22.10% | +14.24% | +21.69% |
| Net income | $-355.06M | $-143.88M | $-82.72M | $-53.70M | $-40.97M |
| EPS (diluted) | $-1.11 | $-0.75 | $-0.60 | $-0.45 | $-0.33 |
Analyst forecast
ForecastConsensus (17 analysts)
strong_buy
Avg. price target
$34.65+127.66%
- Strong buy 1
- Buy 14
- Hold 2
- Sell 0
- Strong sell 0
Target range
Ratings and targets reflect third-party analyst opinions, not MetaCap recommendations.
Earnings
Earnings history- Next report
- Nov 5, 2026
- EPS estimate
- $-0.10
- Last reported (Q2 2026)
- Aug 6, 2026
- EPS actual vs est.
- $-0.13 vs —
QBTS news
All QBTS newsD-Wave Quantum peers
Technology sector| Company | Price | % Chg | Market cap | Compare |
|---|---|---|---|---|
| PEGAPegasystems Inc. | 34.35 | -0.72% | $5.65B | vs QBTS |
| OTEXOpen Text Corporation | 23.14 | +1.89% | $5.62B | vs QBTS |
| EPAMEPAM Systems Inc. | 108.32 | -0.91% | $5.59B | vs QBTS |
| DOXAmdocs Limited | 58.74 | +0.43% | $6.13B | vs QBTS |
| BILIBilibili Inc. ADR | 14.92 | +0.13% | $6.15B | vs QBTS |
| RNGRingCentral Inc. Class A | 76.54 | -0.93% | $6.39B | vs QBTS |
| SAICScience Applications International Corporation | 122.08 | -2.01% | $5.11B | vs QBTS |
| WAYWaystar Holding Corp. | 25.77 | -2.39% | $4.94B | vs QBTS |
Indexes, lists and sector
Appears in lists
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D-Wave Quantum stock FAQ
What is D-Wave Quantum's stock price today?
QBTS last traded at $15.22 as of Oct 7, 4:00 PM EDT, down 3.61% on the day. Prices are delayed at least 15 minutes.
When is D-Wave Quantum's next earnings date?
D-Wave Quantum is expected to report earnings on Thursday, November 5, 2026. Analysts expect EPS of $-0.10.
Who is D-Wave Quantum's CEO?
Dr. Alan E. Baratz Ph.D. is the chief executive officer of D-Wave Quantum Inc., which has about 382 employees.
What is the QBTS 52-week high?
The 52-week high for QBTS is $46.75 and the 52-week low is $12.75. The stock is currently 67.4% below its high.