NYSE · Computer Hardware

D-Wave Quantum Inc. (QBTS) Stock

$14.57 -0.21% NYSE: QBTS Technology

Valuation

MetricValue
Price$14.57
Market Cap$5.35B
P/E Ratio-22.21
P/B Ratio5.40
P/S Ratio466.14
EPS (TTM)$-1.11
52-Week High$46.75
52-Week Low$12.75
Dividend Yield0.00%

Financials & Margins

MetricValue
ROE-26.67%
ROA-21.47%
ROCE-15.08%
Gross Margin-400.00%
Operating Margin-400.00%
Net Margin-29.57%
Debt/Equity0.01
Current Ratio42.67

Annual Financials (USD)

Metric20212022202320242025
Revenue$6.0M$7.0M$9.0M$9.0M$25.0M
Operating Profit$-39.0M$-59.0M$-81.0M$-77.0M$-100.0M
Net Profit$-41.0M$-54.0M$-83.0M$-144.0M$-355.0M
EPS$-0.33$-0.45$-0.60$-0.75$-1.11
Op Margin-620.3%-828.9%-919.7%-874.9%-408.2%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$29.0M$27.0M$59.0M$200.0M$916.0M
Total Liabilities$48.0M$56.0M$84.0M$137.0M$64.0M
Cash$9.0M$7.0M$41.0M$178.0M$635.0M
Borrowings$39.0M$42.0M$73.0M$38.0M$43.0M

Latest News

D-Wave Quantum (QBTS) Could Be 56% Undervalued On A More Bullish Analyst View Simply Wall St. · Jul 22, 2026 2 Quantum Stocks With 100%+ Upside After the Quantinuum-SoftBank Deal Zacks · Jul 22, 2026 IonQ vs. Quantinuum vs. Infleqtion vs. Rigetti vs. D-Wave: Which Is the Best Quantum Computing Stock to Bet On? Motley Fool · Jul 22, 2026 Can IONQ's Profitability and Execution Challenges Weigh on Growth? Zacks · Jul 22, 2026 Connecticut Innovations Generates Record $66.5 Million in Proceeds in FY2026 PR Newswire · Jul 22, 2026

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$-35.0M$-45.0M$-61.0M$-43.0M$-72.0M
Investing Cash Flow$-4.0M$-1.0M$-1.0M$-5.0M$-255.0M
Financing Cash Flow$25.0M$5.0M$5.0M$-1.0M$-11.0M
Net Cash Flow$-12.0M$-2.0M$34.0M$137.0M$457.0M
Free Cash Flow$-37.0M$-46.0M$-61.0M$-45.0M$-76.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-1.53
EV / EBITDA-21.24
FCF Yield-2.06%
Quick Ratio20.42
Interest Coverage-17.73
Return 1Y8.44%
Return 3Y1329.31%
Return 5Y75.69%

Ownership

Insiders Held2.17%
Institutions Held49.29%
Institutions Float Held50.38%
Institutional HolderSharesReport Date
Blackrock Inc.30,153,9282026-03-31
Vanguard Portfolio Management LLC20,793,1312026-03-31
Vanguard Capital Management LLC15,851,5252026-03-31
UBS Group AG9,869,5752026-03-31
Geode Capital Management, LLC9,039,7442026-03-31

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
ARQQArqit Quantum Inc. $17.23 -6.51% -7.74 $299.84M 0.00%
INFQInfleqtion, Inc. $11.04 -1.08% -7.78 $2.41B 0.00%
IONQIonQ, Inc. $39.89 +1.12% -10.02 $14.89B 0.00%
IQMXIQM Quantum Computers Oyj $10.23 +0.59% -3.77 $2.16B 0.00%
PSQLPasqal Holding SA $6.85 -4.60% -36.30 $1.81B 0.00%

About D-Wave Quantum Inc.

D-Wave Quantum Inc. (QBTS) stock trades at $14.57 with a market capitalization of $5.35B. The stock is valued at a price-to-earnings (P/E) ratio of -22.21, price-to-book of 5.40, price-to-sales of 466.14. Over the past 52 weeks the stock has ranged between $12.75 and $46.75, and currently trades 68.8% below its 52-week high.

On profitability, D-Wave Quantum Inc. generates a return on equity (ROE) of -26.67%, return on capital employed of -15.08%, an operating margin of -400.00%, a net profit margin of -29.57%.

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