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D-Wave Quantum Inc. Stock Price

NYSE:QBTS Community·US$6.3b Market Cap
  • 4 Narratives written by author
  • 1 Comments on narratives written by author
  • 539 Fair Values set on narratives written by author

QBTS Share Price Performance

US$16.73
-2.16 (-11.43%)
US$40.65
Fair Value
US$16.73
-2.16 (-11.43%)
58.8% undervalued intrinsic discount
US$40.65
Fair Value
Price US$16.73
Wil_Analyst US$40.65
AnalystConsensusTarget US$36.84
AnalystHighTarget US$45.00

QBTS Community Narratives

Fair Value
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Fair Value US$40.65 58.8% undervalued intrinsic discount

How the QCi Acquisition and a $30M Booking Surge Propelled D-Wave to the Front of the Quantum Race

1users have liked this narrative
0users have commented on this narrative
25users have followed this narrative
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Fair Value US$36.84 54.6% undervalued intrinsic discount

Superconducting Quantum Adoption And Government Hubs Will Drive Long-Term Enterprise Optimization Demand

1users have liked this narrative
0users have commented on this narrative
58users have followed this narrative
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Fair Value US$45 62.8% undervalued intrinsic discount

Quantum Annealing Adoption And System Deployments Will Transform Long Term Prospects

2users have liked this narrative
0users have commented on this narrative
10users have followed this narrative
US$26.35
36.5% undervalued intrinsic discount
Profit Margin
12.75%
Future PE
1.1kx
Price in 2029
US$33.6

Trending Discussion

No trending discussion available.

Updated Narratives

QBTS logo

How the QCi Acquisition and a $30M Booking Surge Propelled D-Wave to the Front of the Quantum Race

Fair Value: US$40.65 58.8% undervalued intrinsic discount
25 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
QBTS logo

QBTS: Government Quantum Initiatives Will Support Dual Platform Roadmap Execution

Fair Value: US$45 62.8% undervalued intrinsic discount
10 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
QBTS logo

QBTS: Federal Quantum Funding Will Support Dual-Platform Roadmap Execution

Fair Value: US$36.84 54.6% undervalued intrinsic discount
58 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative

Snowflake Analysis

Flawless balance sheet with slight risk.

4 Risks
1 Reward

D-Wave Quantum Inc. Key Details

US$12.4m

Revenue

US$4.2m

Cost of Revenue

US$8.2m

Gross Profit

US$376.2m

Other Expenses

-US$368.0m

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
n/a
-0.99
66.27%
-2,957.23%
3.2%
View Full Analysis

About QBTS

Founded
1999
Employees
385
CEO
Alan Baratz
WebsiteView website
www.dwavequantum.com

D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides 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, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company’s server. The company 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.

Recent QBTS News & Updates

Seeking Alpha Jul 16

D-Wave Quantum Says 2 Protocols Are Better Than One, And I Agree: Strong Buy

Summary D-Wave Quantum Inc. has typically been known for annealing, a unique approach best suited to helping customers solve optimization problems. That sets it apart from other quantum firms. Citing Boston Consulting Group, QBTS says this will amount to $100-$220 billion out of an $800+ billion total quantum market. That sounds like more than a mere "niche." Also, QBTS is going big into the “gate model,” the approach used by the other quantum firms. That will let it compete for the entire quantum market. What’s more... QBTS is bringing its unique “dual-rail” approach to the gate model. That will help it generate a unique combination of speed and accuracy. Quantum firms typically struggle with that tradeoff. QBTS is already commercial with annealing. As with others doing gate model work, commercialization will take more time. But the dual protocol makes QBTS a standout Strong Buy. Read the full article on Seeking Alpha
Narrative Update Jul 10

QBTS: Government Quantum Initiatives Will Support Dual Platform Roadmap Execution

The analyst fair value estimate for D-Wave Quantum has been adjusted from $48.00 to $45.00 as analysts balance stronger long-term growth assumptions with updated discount rates and recent Street research citing supportive government actions, higher price targets from several firms, and clear demand signals tempered by mixed quarterly results. Analyst Commentary Recent Street research around D-Wave Quantum points to a mix of supportive sector news, updated price targets, and fresh views on its product roadmap.

Recent updates

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