Technology
D-Wave Quantum Inc.(QBTS)
Live Price
Offline$24.69
+7.72% today
1Y Change
+75.77%
Window
Jun 23, 2025 โ Jun 15, 2026
- Market Cap
- $7.52B
- Revenue Growth
- +178.5%
- EPS Growth
- -48.0%
- Dividend Yield
- 0.0%
Coverage: 246 bars ยท Jun 23, 2025 โ Jun 15, 2026
Research Briefing
A compact read on the setup, peer context, quarterly changes, and recent earnings reaction.
Research Snapshot
D-Wave Quantum Inc. (QBTS) is a Technology stock with a market cap of $7.52B and listed on NYSE. The stock last traded around $24.69 and up 75.8% across the available one-year price window (Jun 23, 2025 โ Jun 15, 2026). Baseline metrics include revenue growth of +178.5%, EPS growth of -48.0%, a dividend yield of 0.0%. What stands out right now is revenue +178.5%, EPS -48.0%, free cash flow -69.5% with operating margin -408.2% and ROIC -11.2%. Valuation already assumes a fairly strong business story at price/sales 306.1. Overall, the current profile looks closer to a higher-growth but lower-margin setup than a generic broad-market placeholder. Stock Foundry combines QBTS price history, valuation, growth, dividend context, earnings, analyst forecasts, news, related Technology peers on this page.
Sector Context
How this name stacks up against nearby peers on first-pass metrics.
Revenue Growth
Above sector median
+178.5% vs +11.9% peer median
Operating Margin
Below sector median
-408.2% vs +22.0% peer median
What Changed This Quarter
Latest report context and the signals most likely to have changed the story.
Latest report landed above expectations
2026 was reported on May 12, 2026 with an EPS surprise of +37.5% and a revenue surprise of -31.9%.
The operating picture looks softer than before
Revenue is at +178.5% and EPS is at -48.0%, with operating margin around -408.2%.
The next real check-in already has a date
The next earnings event is scheduled for Aug 6, 2026, which is the clearest near-term catalyst for confirming whether the current trend is holding up.
Earnings Reaction Memory
How the stock has tended to move after recent reports.
Across the last 3 reported quarters, the stock averaged -14.2% over the next 5 trading days and finished higher after 0 of those reports.
View quarter-by-quarter reaction table
| Quarter | EPS ฮ | 1D | 5D | 20D |
|---|---|---|---|---|
2026 May 12, 2026 | +37.5% | -4.1% | -18.6% | +4.0% |
2026 Feb 26, 2026 | -140.0% | -6.8% | -6.5% | -27.3% |
2025 Nov 6, 2025 | -525.1% | +3.9% | -17.6% | -4.9% |
Benchmark Comparison
Normalized Performance vs SPY
Compare this ticker against a broad index, growth benchmark, or sector ETF using a shared 1Y normalization window.
QBTS
โ
Normalized return
SPY
โ
S&P 500
Excess Return
โ
Relative to SPY
QBTS Max Drawdown
-71.01%
Trailing 1Y
SPY Max Drawdown
โ
Trailing 1Y
Calendar-Year Returns
Uses the longest available daily history for QBTS and SPY.
Company Overview
D-Wave Quantum Inc.
New York Stock Exchange
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.
- Leadership
- Alan E. Baratz
- IPO Date
- Dec 11, 2020
- Employees
- 216
- Street Address
- 3033 Beta Avenue
- Mailing
- Palo Alto, BC, V5G 4M9
- Region
- Palo Alto, BC, CA
- Reporting Currency
- USD
- Investor Line
- 604 630 1428
- Last Updated
- May 3, 2026
Key Fundamentals
Valuation, growth, profitability, and balance sheet signals.
Valuation
- P/E
- โ
- EV/EBITDA
- โ
- Price/Sales
- 306.1
- Price/Book
- 8.5
Growth
- Revenue
- +178.5%
- EPS
- -48.0%
- Free Cash Flow
- -69.5%
Profitability
- Gross Margin
- 82.6%
- Operating Margin
- -408.2%
- Net Margin
- -1444.1%
- ROE
- -58.6%
- ROIC
- -11.2%
Balance Sheet
- Debt/Equity
- 0.01
- Current Ratio
- 42.38
Earnings Reports
Latest News
Official Releases
Company announcements and filings-style updates.
Next Step
Keep the research moving
After the overview, the strongest next step is usually chart context or a tighter compare set.