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

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

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

  • INVESTOR DEADLINE: D-Wave Quantum Inc. Investors with Substantial Losses May Seek to Lead Class Action Lawsuit Before December 15, 2026 Deadline - QBTS

  • Why D-Wave Quantum Stock Led a Quantum Computing Crash in October

  • D-Wave Quantum Inc. (QBTS) Class Action Lawsuit: Investors Face December 15, 2026, Deadline - Kessler Topaz Meltzer & Check, LLP

  • DEADLINE ALERT for Gildan Activewear Inc. (GIL), D-Wave Quantum, Inc. (QBTS), and Bank Of America Corporation (BAC): The Law Offices of Frank R. Cruz Reminds Investors of Lead Plaintiff Deadlines in Securities Fraud Class Actions

  • QBTS Shareholders Have Rights – If You Lost Money Investing in D-Wave Quantum Inc. Contact Robbins LLP for Information About Recovering Your Losses

  • QBTS Deadline Alert: Levi & Korsinsky Reminds D-Wave Quantum Inc. (QBTS) Investors of Securities Class Action Deadline on December 15, 2026

  • 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

  • QBTS EQUITY ACTION REMINDER: Faruqi & Faruqi, LLP Reminds D-Wave Quantum Investors of Securities Class Action Lawsuit Deadline on December 15, 2026

  • D-Wave Boosts Stride Hybrid Solver Performance, Launches Developer Training to Accelerate Quantum Optimization Adoption

  • Not IonQ. Not Rigetti. This Quantum Computing Stock Could Be the Next to Soar.

  • Kaplan Fox Announces a Securities Class Action Filed Against D-Wave Quantum Inc. (QBTS) - Lead Plaintiff Deadline is December 14, 2026

  • ROSEN, A LEADING LAW FIRM, Encourages D-Wave Quantum Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - QBTS

  • ROSEN, A TOP-RANKED LAW FIRM, Encourages D-Wave Quantum Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – QBTS

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

  • Deadline Alert: D-Wave Quantum, Inc. Investors Have Until December 15, 2026 to Seek Lead Plaintiff Role in Securities Fraud Class Action, Glancy Prongay Wolke & Rotter LLP Reminds Investors

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

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

  • QBTS UPCOMING DEADLINE: SueWallSt Alerts D-Wave Quantum Inc. Stockholders of Securities Class Action