D-Wave Quantum Inc. (QBTS)

Technology
Computer Hardware
United States
Yahoo Finance  •  Trading View  •  Company site
Price
$44.78
▲ 1.72 (3.99%)
Market Cap
$15,315,580,928
Shares: 192,129,000
P/E
-11.22
P/B: 25.76
ROE
-229.67%
Current Ratio: 6.14
Fundamentals Score
35 (NEUTRAL)

Company Overview

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers 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. It also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.

Headquarters: 2650 East Bayshore Road, Palo Alto, CA, 94303, United States  |  Employees: 216  |  Website: dwavesys.com
Key Contacts
IR / Phone: 604 630 1428
Exchange: NYQ
Industry: Computer Hardware
Quick Financial Snapshot
Revenue$8,827,000
Net Income$-143,879,000
Free Cash Flow$-44,749,000
Book Value / Share$0.33

Balance Sheet & Liquidity

Total Liabilities$137,207,000
Total Equity$62,646,000
Debt / Equity0.61
Current Ratio6.14
Interest Coverage-19.82
Working Capital$154,895,000

Valuation Metrics

Core multiples and valuation signals — useful to compare vs peers.

P/E (TTM)-11.22
Industry P/EN/A
Forward P/E-172.23
P/B25.76
Price / Sales182.83
P / FCF-36.07
EV / EBITDA-10.68
Graham NumberN/A
DCF (placeholder)
Notes: red items typically indicate expensive multiples relative to fundamentals. Use the "Compare with industry" tool for context.

EPS (Annual)

Financial Performance

Revenue vs Net Income

Free Cash Flow (annual)

Profitability & Efficiency

Gross Margin 63.02%
Operating Margin -874.85%
Net Margin -1629.99%
ROIC -45.01%
Asset Turnover 0.04

Automated Fundamental Signals (Score: 35)

Passed
  • Price CAGR 33.89%
  • Gross Margin 63.0%
  • Debt/Equity ratio
  • Current Ratio
  • Debt/EBITDA
  • Low reliance on intangibles
Failed
  • EPS shows upward trend
  • ROIC -45.0%
  • P/B Ratio 25.76
  • Operating Margin -874.8%
  • Positive Free Cash Flow
  • Interest Coverage
  • Return on Tangible Assets
  • DCF valuation (undefined)

Price Chart (Candlestick)

Technical Analysis (Score: 75)

RSI (14)81.19
SMA 5022.47
SMA 20013.58
MACD5.58
Signal BULLISH
RSI 81.2, SMA trend bullish, momentum 4333.7%.

Governance & Management

Governance scores: Audit: 9 | Board: 5 | Compensation: 9 | Shareholder Rights: 8
Executive Team
NameTitle
Dr. Alan E. Baratz Ph.D. President, CEO & Director (1955)
Mr. John M. Markovich Chief Financial Officer (1957)
Ms. Diane Nguyen Executive VP, Chief Legal Officer & General Counsel (1985)
Mr. Eric Ladizinsky Co-Founder & Chief Scientist (—)
Mr. Stan Black CISSP Chief Information Security Officer (—)
Ms. Michelle Maggs Senior Vice President of Marketing (—)
Ms. Sophie Ames Chief Human Resources Officer (—)
Mr. Trevor Lanting Chief Development Officer (—)
Governance data last updated: 10/1/2025

Latest News

No news available for this company.

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