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D-Wave QuantumQBTS

Computer Hardware
No profits yet
$10.65−7.87%After hours: $10.66 (+0.09%)At the close, 30 Oct · Prices from CNBC, may be delayed
▼ 68.9% over 1 year
D-Wave Quantum over 1 yearDaily close, $, to 30 Oct 2026
$20$30Nov2026MarMayJulSep$10.65$20$30NovMarJul$10.65
Source: Nasdaq daily closes
Market value$4.04B
Price to earnings–
Forward P/E–
Dividend yield–
Year to date−59.3%
One year−68.9%
Next earningsTue 10 Nov, before the open
SectorInformation Technology
52-week range (closes)
$10.65$37.06

Quality and valuation

How D-Wave Quantum compares with other information technology stocks. A description, not a recommendation.

D-Wave Quantum and 6 computer hardware peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: weaker than mostValuation: no profits to value

A weaker business than most information technology companies, with no profits yet to value.

D-Wave Quantum has no positive earnings to put a price-to-earnings multiple on. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: −44.2% vs +20.6%
  • Keeps more of each sale (gross margin): 64.2% vs 61.5%
  • Less profitable (operating margin): −1372.9% vs 17.0%
  • Turns less of its sales into cash: −958.4% vs 21.7%

Financials

From D-Wave Quantum's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue fell 0.6% from a year earlierQuarterly revenue, $m, latest Q2 ’26
$0m$5m$10m$15mQ3 ’24Q1 ’25Q3 ’25$3mQ2 ’26$0m$5m$10m$15mQ3 ’24Q1 ’25Q3 ’25$3mQ2 ’26
Source: SEC filings
Growth sped up to −0.6% last quarterRevenue growth, year on year, %
0%200%400%Q3 ’24Q1 ’25Q3 ’25−0.6%Q2 ’260%200%400%Q3 ’24Q1 ’25Q3 ’25−0.6%Q2 ’26
Source: SEC filings
Operating margin was -1732.1% last quarterOperating income as a share of revenue, %
−1,500%−1,000%−500%0%Q3 ’24Q1 ’25Q3 ’25−1,732.1%Q2 ’26−1,000%0%Q3 ’24Q1 ’25Q3 ’25−1,732.1%Q2 ’26
Source: SEC filings
Free cash flow was −$119 million over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
−$40m−$20m$0mQ3 ’24Q1 ’25Q3 ’25−$33mQ2 ’26−$40m−$20m$0mQ3 ’24Q1 ’25Q3 ’25−$33mQ2 ’26
Source: SEC filings
Last 12 monthsQBTSSector median
Revenue growth−44.2%+20.6%
Gross margin64.2%61.5%
Operating margin−1372.9%17.0%
Free cash flow margin−958.4%21.7%

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