D-Wave Quantum（QBTS）株式概要D-Wave Quantum Inc.は、量子コンピューティング・システム、ソフトウェア、サービスの開発と提供を世界中で行っています。 詳細QBTS ファンダメンタル分析スノーフレーク・スコア評価1/6将来の成長2/6過去の実績0/6財務の健全性6/6配当金0/6報酬収益は年間40.96%増加すると予測されています リスク分析現在は利益が出ておらず、今後3年間で利益が出る見込みはない US市場と比較した過去 3 か月間の株価の変動過去1年間で株主の希薄化が進んだ すべてのリスクチェックを見るQBTS Community Fair Values Create NarrativeSee what 429 others think this stock is worth. Follow their fair value or set your own to get alerts.Analyst Price TargetsAN38.2% undervaluedAnalystConsensusTarget•4mo agoSuperconducting Quantum Adoption And Government Hubs Will Drive Long-Term Enterprise Optimization Demand943045AN9.6% undervaluedAnalystLowTarget•3mo agoQuantum Optimization Adoption Will Face Setbacks Yet Ultimately Support A Stable Long Term Outlook11506AN50.4% undervaluedAnalystHighTarget•4mo agoQuantum Annealing Adoption And System Deployments Will Transform Long Term Prospects22707Top Community NarrativesD-Wave QuantumWIWil_AnalystCommunity ContributorHow the QCi Acquisition and a $30M Booking Surge Propelled D-Wave to the Front of the Quantum RaceBy February 2026, the global quantum race will have officially transitioned from a scientific marathon into a high-speed commercial sprint. At the center of this shift is D-Wave Quantum (NYSE: QBTS) , which has successfully pivoted from a niche hardware provider into a dominant, dual-platform enterprise titan.View narrativeUS$40.65FV41.4% 割安 内在価値ディスカウントSet Fair ValueView272users have viewed this narrative0users have liked this narrative0users have commented on this narrative9users have followed this narrative2 months ago author updated this narrativeTop Community NarrativesD-Wave QuantumWIWil_AnalystCommunity ContributorHow the QCi Acquisition and a $30M Booking Surge Propelled D-Wave to the Front of the Quantum RaceBy February 2026, the global quantum race will have officially transitioned from a scientific marathon into a high-speed commercial sprint. At the center of this shift is D-Wave Quantum (NYSE: QBTS) , which has successfully pivoted from a niche hardware provider into a dominant, dual-platform enterprise titan.View narrativeUS$40.65FV41.4% 割安 内在価値ディスカウントSet Fair ValueView272users have viewed this narrative0users have liked this narrative0users have commented on this narrative9users have followed this narrative2 months ago author updated this narrativeTop Analyst NarrativesAN38.2% undervaluedAnalystConsensusTarget•4mo agoSuperconducting Quantum Adoption And Government Hubs Will Drive Long-Term Enterprise Optimization Demand943045AN9.6% undervaluedAnalystLowTarget•3mo agoQuantum Optimization Adoption Will Face Setbacks Yet Ultimately Support A Stable Long Term Outlook11506AN50.4% undervaluedAnalystHighTarget•4mo agoQuantum Annealing Adoption And System Deployments Will Transform Long Term Prospects22707View all narrativesFeatured narrative•Software opportunityZenaTechabout 2 months ago author updated this narrativeJOFair Value from Jolt_CommunicationsUS$6.8569.3% 割安 内在価値ディスカウントZenaTech: A big bet on the rise of AI drones and drones-as-a-serviceKey Takeaways ZenaTech is focusing its efforts into building AI drones, combining Drone as a Service, SaaS, and AI as its key revenue drivers. Previously building software for agriculture, ZenaTech has shifted rapidly toward drone services, now driving ~70% of revenue after recent acquisitions.Read full narrative3.2kusers have viewed this narrative8users have liked this narrative0users have commented on this narrative77users have followed this narrativeRead narrativeD-Wave Quantum Inc. 競合他社Riot PlatformsSymbol: NasdaqCM:RIOTMarket cap: US$9.0bCipher DigitalSymbol: NasdaqGS:CIFRMarket cap: US$9.0bHut 8Symbol: NasdaqGS:HUTMarket cap: US$9.1bTeraWulfSymbol: NasdaqCM:WULFMarket cap: US$11.5b価格と性能株価の高値、安値、推移の概要D-Wave Quantum過去の株価現在の株価US$23.8352週高値US$46.7552週安値US$6.82ベータ1.941ヶ月の変化68.53%3ヶ月変化38.47%1年変化245.86%3年間の変化5,399.65%5年間の変化144.41%IPOからの変化134.78%最新ニュースライブニュース • May 05D-Wave Quantum Gains on US$20 Million Deal Academic Interest and Commercial MomentumQuantum computing stocks, including D-Wave Quantum, saw strong rallies in April 2026, supported by sector-wide enthusiasm and growing Wall Street interest. D-Wave’s move in April was linked to progress in quantum annealing for optimization problems and a US$20 million agreement with Florida Atlantic University. The company’s recent momentum comes alongside record cash reserves and increased activity around government and commercial contracts, although the stock is still described as highly speculative. For you as an investor, the key takeaway is that D-Wave is attracting attention around a focused use case: quantum annealing for optimization. The US$20 million Florida Atlantic University agreement and references to rising commercial momentum point to growing engagement with both academic and enterprise users, while record cash reserves may give the company more room to fund operations and product development. At the same time, the article flags the stock as volatile, with ongoing operational losses and heavy competition from larger technology companies and other quantum players. Quantum computing is still at an early commercial stage, so position sizing, time horizon, and risk tolerance are especially important if you are considering exposure to D-Wave or the broader quantum computing group.お知らせ • Apr 26D-Wave Quantum Inc., Annual General Meeting, Jun 04, 2026D-Wave Quantum Inc., Annual General Meeting, Jun 04, 2026.お知らせ • Apr 23D-Wave Quantum Inc. to Report Q1, 2026 Results on May 12, 2026D-Wave Quantum Inc. announced that they will report Q1, 2026 results Pre-Market on May 12, 2026新しいナラティブ • Apr 14D-Wave Quantum Inc. (QBTS): The "Dual-Platform" Pioneer and the 2026 Commercial SurgeD-Wave Quantum Inc. (QBTS) entered the session on Tuesday, April 14, 2026 , as one of the most polarizing and high-momentum names in the quantum computing space, with shares trading near $14.67 USD.Seeking Alpha • Apr 14D-Wave Quantum: Extreme Valuation Meets Execution RealitySummary D-Wave Quantum is rated Strong Sell with a 12-month price target of ~$4.13, citing extreme overvaluation versus fundamentals. QBTS trades at a P/S of ~191x on $24.6M FY2025 revenue, requiring exponential growth and near-perfect execution to justify current levels. Execution risks are heightened by the Quantum Circuits acquisition, heavy dilution, cash burn, and simultaneous pursuit of multiple technology platforms. Fierce competition from IBM, Google, and Microsoft, plus reliance on non-recurring bookings, make sustained revenue growth and valuation support unlikely. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Mar 19Independent Director notifies of intention to sell stockRohit Ghai intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of March. If the sale is conducted around the recent share price of US$17.55, it would amount to US$413k. Since June 2025, Rohit's direct individual holding has decreased from 43.52k shares to 23.52k. Company insiders have collectively sold US$110m more than they bought, via options and on-market transactions in the last 12 months.最新情報をもっと見るRecent updatesライブニュース • May 05D-Wave Quantum Gains on US$20 Million Deal Academic Interest and Commercial MomentumQuantum computing stocks, including D-Wave Quantum, saw strong rallies in April 2026, supported by sector-wide enthusiasm and growing Wall Street interest. D-Wave’s move in April was linked to progress in quantum annealing for optimization problems and a US$20 million agreement with Florida Atlantic University. The company’s recent momentum comes alongside record cash reserves and increased activity around government and commercial contracts, although the stock is still described as highly speculative. For you as an investor, the key takeaway is that D-Wave is attracting attention around a focused use case: quantum annealing for optimization. The US$20 million Florida Atlantic University agreement and references to rising commercial momentum point to growing engagement with both academic and enterprise users, while record cash reserves may give the company more room to fund operations and product development. At the same time, the article flags the stock as volatile, with ongoing operational losses and heavy competition from larger technology companies and other quantum players. Quantum computing is still at an early commercial stage, so position sizing, time horizon, and risk tolerance are especially important if you are considering exposure to D-Wave or the broader quantum computing group.お知らせ • Apr 26D-Wave Quantum Inc., Annual General Meeting, Jun 04, 2026D-Wave Quantum Inc., Annual General Meeting, Jun 04, 2026.お知らせ • Apr 23D-Wave Quantum Inc. to Report Q1, 2026 Results on May 12, 2026D-Wave Quantum Inc. announced that they will report Q1, 2026 results Pre-Market on May 12, 2026新しいナラティブ • Apr 14D-Wave Quantum Inc. (QBTS): The "Dual-Platform" Pioneer and the 2026 Commercial SurgeD-Wave Quantum Inc. (QBTS) entered the session on Tuesday, April 14, 2026 , as one of the most polarizing and high-momentum names in the quantum computing space, with shares trading near $14.67 USD.Seeking Alpha • Apr 14D-Wave Quantum: Extreme Valuation Meets Execution RealitySummary D-Wave Quantum is rated Strong Sell with a 12-month price target of ~$4.13, citing extreme overvaluation versus fundamentals. QBTS trades at a P/S of ~191x on $24.6M FY2025 revenue, requiring exponential growth and near-perfect execution to justify current levels. Execution risks are heightened by the Quantum Circuits acquisition, heavy dilution, cash burn, and simultaneous pursuit of multiple technology platforms. Fierce competition from IBM, Google, and Microsoft, plus reliance on non-recurring bookings, make sustained revenue growth and valuation support unlikely. Read the full article on Seeking AlphaRecent Insider Transactions Derivative • Mar 19Independent Director notifies of intention to sell stockRohit Ghai intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of March. If the sale is conducted around the recent share price of US$17.55, it would amount to US$413k. Since June 2025, Rohit's direct individual holding has decreased from 43.52k shares to 23.52k. Company insiders have collectively sold US$110m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions Derivative • Mar 17Independent Director notifies of intention to sell stockRohit Ghai intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of March. If the sale is conducted around the recent share price of US$17.55, it would amount to US$413k. Since June 2025, Rohit's direct individual holding has decreased from 43.52k shares to 23.52k. Company insiders have collectively sold US$110m more than they bought, via options and on-market transactions in the last 12 months.Major Estimate Revision • Mar 05Consensus EPS estimates fall by 57%, revenue upgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$43.0m to US$43.9m. Forecast EPS reduced from -US$0.251 to -US$0.394 per share. Software industry in the US expected to see average net income growth of 23% next year. Consensus price target down from US$39.17 to US$37.61. Share price fell 3.8% to US$18.91 over the past week.Reported Earnings • Feb 27Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: US$1.11 loss per share (further deteriorated from US$0.75 loss in FY 2024). Revenue: US$24.6m (up 179% from FY 2024). Net loss: US$355.1m (loss widened 147% from FY 2024). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 6.7%. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 188% per year, which means it is well ahead of earnings.お知らせ • Feb 12D-Wave Quantum Inc. to Report Q4, 2025 Results on Feb 26, 2026D-Wave Quantum Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026お知らせ • Jan 27D-Wave Quantum Inc. Announces Key Product and Technology MilestonesD-Wave Quantum Inc. announced key product and technology milestones that underscore accelerating customer adoption and progress. At Qubits 2026, D-Wave’s annual user conference today, the Company will introduce new hybrid solver capabilities that enable customers to incorporate machine learning models directly into quantum optimization workflows, as well as new tools that give quantum scientists deeper visibility into quantum dynamics using annealing quantum computers. In addition, the Company will share details on its accelerated gate-model development roadmap, including progress enabled by the recent acquisition of Quantum Circuits Inc., a breakthrough demonstration of scalable on-chip cryogenic control of qubits, and plans to bring an initial gate-model system to market in 2026. These development efforts and updates focus on scalability, enabling customers to tackle increasingly large and complex problems with greater efficiency and performance. Customer usage of D-Wave’s award-winning Advantage2 annealing quantum computers increased by 314% over the last year, while usage of the Company’s Stride™ hybrid solver, formerly known as the nonlinear program solver, increased by 114% in the last six months. D-Wave has introduced several annealing quantum computing product enhancements recently, including: Hybrid Solver Software Supports Integrated Machine Learning Models: D-Wave’s Stride hybrid solver combines the strengths of annealing quantum computing and classical computing to help customers address problems that classical-only methods may not be able to effectively or efficiently solve. The Stride hybrid solver now allows for surrogate modeling, enabling customers to incorporate machine learning models directly into optimization workflows to support a wider range of use cases within domains such as predictive maintenance, surge pricing, advertising campaign optimization, and employee scheduling. Learn more about the Stride hybrid solver here. Multicolor Annealing and Fast-Reverse Anneal: These new capabilities, which are now available to select customers, provide more precise qubit control to help scientists accelerate experimentation and discovery. Fast-reverse anneal allows the annealing quantum computer to move back and forth through the annealing process while maintaining coherence where quantum effects are strongest. This repeatable control allows researchers to study how quantum states evolve and transition, deepening understanding of complex quantum behavior. Multicolor annealing, a set of processor controls that enable operations such as controlled excitation and mid-anneal projection, give researchers the ability to generate dynamical quantum states, probe quantum phenomena at a deeper level, and prototype new algorithms. In addition to advancements with its annealing quantum computing technology, D-Wave is accelerating development of its gate-model quantum computing platform. Through the recent acquisition of Quantum Circuits Inc. as well as its own breakthrough development work, D-Wave is uniquely positioned as the only company with all three core technologies required to deliver scaled, error-corrected superconducting gate-model systems: High-fidelity, error-detecting dual-rail qubits for efficient error correction with up to an order of magnitude fewer physical qubits per logical qubit Local cryogenic control and multi-chip superconducting packaging for scaling systems with orders of magnitude fewer I/O control lines, as detailed in a new white paper here. Robust cryogenic platforms with demonstrated uptimes of years for commercial-grade operations. Together, these capabilities support D-Wave’s plans to bring an initial gate-model quantum computing system to market in 2026, reinforcing the company’s dual-platform strategy and long-term vision for practical, scalable quantum computing.お知らせ • Jan 21D-Wave Quantum Inc. (NYSE:QBTS) completed the acquisition of Quantum Circuits, Inc.D-Wave Quantum Inc. (NYSE:QBTS) entered into an Agreement to acquire Quantum Circuits, Inc. for $550 million on January 6, 2026. A consideration consists of a number of the D-Wave Quantum’s common stock, par value $0.0001 per share with a value $300 million, plus $250 million in cash, subject to a net debt adjustment. The acquisition is subject to certain closing conditions set forth in the merger agreement, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the approval of listing of the shares of D-Wave common stock being issued as consideration on the NYSE. Closing is expected to occur in late January 2026. Centerview Partners LLC acted as financial advisor for D-Wave Quantum Inc. Adam Givertz and Stan Richards of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for D-Wave Quantum Inc. Needham & Company, LLC acted as financial advisor and Jeffrey Lehrer and Scott Cowan of DLA Piper LLP acted as legal advisor for Quantum Circuits, Inc. D-Wave Quantum Inc. (NYSE:QBTS) completed the acquisition of Quantum Circuits, Inc. on January 20, 2026.Recent Insider Transactions • Jan 16President recently sold US$983k worth of stockOn the 14th of January, Alan Baratz sold around 35k shares on-market at roughly US$28.06 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$3.9m. Alan has been a net seller over the last 12 months, reducing personal holdings by US$6.3m.Recent Insider Transactions Derivative • Jan 15President notifies of intention to sell stockAlan Baratz intends to sell 35k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of January. If the sale is conducted around the recent share price of US$28.06, it would amount to US$983k. For the year to December 2021, Alan's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Alan's direct individual holding has decreased from 5.12m shares to 1.90m. Company insiders have collectively sold US$108m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Jan 07+ 1 more updateD-Wave Quantum Inc. (NYSE:QBTS) entered into an Agreement to acquire Quantum Circuits, Inc. for $550 million.D-Wave Quantum Inc. (NYSE:QBTS) entered into an Agreement to acquire Quantum Circuits, Inc. for $550 million on January 6, 2026. A consideration consists of a number of the D-Wave Quantum’s common stock, par value $0.0001 per share with a value $300 million, plus $250 million in cash, subject to a net debt adjustment. The acquisition is subject to certain closing conditions set forth in the merger agreement, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the approval of listing of the shares of D-Wave common stock being issued as consideration on the NYSE. Closing is expected to occur in late January 2026. Centerview Partners LLC acted as financial advisor for D-Wave Quantum Inc. Adam Givertz and Stan Richards of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for D-Wave Quantum Inc. Needham & Company, LLC acted as financial advisor and Jeffrey Lehrer and Scott Cowan of DLA Piper LLP acted as legal advisor for Quantum Circuits, Inc.Recent Insider Transactions Derivative • Dec 26President exercised options and sold US$23m worth of stockOn the 22nd of December, Alan Baratz exercised 794k options at a strike price of around US$0.91 and sold these shares for an average price of US$30.13 per share. This trade did not impact their existing holding. For the year to December 2021, Alan's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Alan's direct individual holding has decreased from 5.12m shares to 1.90m. Company insiders have collectively sold US$108m more than they bought, via options and on-market transactions in the last 12 months.Buy Or Sell Opportunity • Dec 19Now 27% overvaluedThe stock has been flat over the last 90 days, currently trading at US$26.82. The fair value is estimated to be US$21.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 47% per annum. Earnings are also forecast to grow by 33% per annum over the same time period.Recent Insider Transactions Derivative • Dec 08Chief Financial Officer exercised options and sold US$5.1m worth of stockOn the 4th of December, John Markovich exercised 200k options at a strike price of around US$0.92 and sold these shares for an average price of US$26.31 per share. This trade did not impact their existing holding. Since March 2025, John's direct individual holding has decreased from 2.13m shares to 937.56k. Company insiders have collectively sold US$82m more than they bought, via options and on-market transactions in the last 12 months.New Risk • Dec 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$150m net loss in 3 years). Significant insider selling over the past 3 months (US$10m sold).Recent Insider Transactions Derivative • Nov 21Chief Financial Officer notifies of intention to sell stockJohn Markovich intends to sell 500k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of November. If the sale is conducted around the recent share price of US$23.44, it would amount to US$12m. Since December 2024, John's direct individual holding has increased from 576.39k shares to 937.56k. Company insiders have collectively sold US$72m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Nov 17President recently sold US$3.9m worth of stockOn the 13th of November, Alan Baratz sold around 168k shares on-market at roughly US$23.17 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Alan has been a net seller over the last 12 months, reducing personal holdings by US$5.3m.Recent Insider Transactions Derivative • Nov 14President notifies of intention to sell stockAlan Baratz intends to sell 168k shares in the next 90 days after lodging an Intent To Sell Form on the 13th of November. If the sale is conducted around the recent share price of US$23.17, it would amount to US$3.9m. For the year to December 2021, Alan's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Alan's direct individual holding has increased from 1.49m shares to 1.69m. Company insiders have collectively sold US$43m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Nov 10D-Wave to Showcase Advanced Hybrid Quantum Technologies at SC25D-Wave Quantum Inc. announced it will showcase advances in hybrid quantum technology at SC25, the international conference for high performance computing (HPC), networking, storage and analysis. D-Wave will highlight quantum-HPC integration, impactful customer use cases, and emerging quantum-AI applications, underscoring the company's leadership in delivering energy-efficient quantum solutions that can drive measurable impact today. Against the backdrop of AI's escalating power consumption and the impact it is having on today's HPC centers, advanced hybrid quantum technologies are emerging as a potential energy-efficient accelerator for AI and HPC workflows.Reported Earnings • Nov 06Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: US$0.41 loss per share (further deteriorated from US$0.11 loss in 3Q 2024). Revenue: US$3.74m (up 100% from 3Q 2024). Net loss: US$140.0m (loss widened US$117.3m from 3Q 2024). Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) missed analyst estimates by 133%. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 123% per year, which means it is well ahead of earnings.お知らせ • Nov 04D-Wave Advantage2 Quantum Computer Now Available for U.S. Government Applications At Davidson TechnologiesD-Wave Quantum Inc. and Davidson Technologies Inc. announced that D-Wave's Advantage2TM quantum computeris now operational at Davidson Technologies's headquarters in Huntsville, Alabama. The system is expected to address mission-critical U.S. government problems, particularly in national defense, and will eventually run sensitive applications. This launch marks a major milestone in a multi-year agreement and technology collaboration between D-Wave and Davidson to accelerate quantum computing adoption and deployment among U.S. government agencies. D-Wave and Davidson are already exploring quantum use cases in areas such as radar detection, resource deployment, military logistics optimization, materials science, AI and national security. Available for customer use now via D-Wave's LeapTM real-time quantum cloud service, the system housed at Davidson's headquarters is D-Wave's second U.S.-based annealing quantum computer and the first in Alabama. Leading industry voices and Alabama lawmakers affirmed their support for this pivotal moment, highlighting the state's expanding leadership in advanced technology and its growing role in driving innovation within national defense.お知らせ • Oct 23D-Wave Quantum Inc. to Report Q3, 2025 Results on Nov 06, 2025D-Wave Quantum Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 06, 2025Recent Insider Transactions • Oct 18President recently sold US$1.4m worth of stockOn the 14th of October, Alan Baratz sold around 31k shares on-market at roughly US$43.74 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.6m. This was Alan's only on-market trade for the last 12 months.Price Target Changed • Oct 16Price target increased by 18% to US$26.30Up from US$22.20, the current price target is an average from 10 analysts. New target price is 41% below last closing price of US$44.78. Stock is up 4,206% over the past year. The company is forecast to post a net loss per share of US$0.92 next year compared to a net loss per share of US$0.75 last year.Recent Insider Transactions Derivative • Oct 15President notifies of intention to sell stockAlan Baratz intends to sell 31k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of October. If the sale is conducted around the recent share price of US$43.74, it would amount to US$1.4m. For the year to December 2021, Alan's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Alan's direct individual holding has increased from 1.49m shares to 1.64m. Company insiders have collectively sold US$41m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Sep 14Chief Financial Officer recently sold US$1.6m worth of stockOn the 11th of September, John Markovich sold around 100k shares on-market at roughly US$16.30 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.6m. This was John's only on-market trade for the last 12 months.Recent Insider Transactions Derivative • Sep 12Chief Financial Officer notifies of intention to sell stockJohn Markovich intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of September. If the sale is conducted around the recent share price of US$16.30, it would amount to US$815k. Since December 2024, John's direct individual holding has increased from 576.39k shares to 786.67k. Company insiders have collectively sold US$38m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • Sep 03D-Wave Quantum Inc. Appoints Stan Black as Chief Information Security OfficerD-Wave Quantum Inc. announced it is expanding its executive team with the appointment of security industry veteran Stan Black as chief information security officer (CISO). At D-Wave, Black will align the company’s security strategy with its corporate business goals, inform product development, and advance artificial intelligence and machine learning governance. Black is a cybersecurity veteran with more than 20 years of experience leading security and compliance strategies at leading public and private technology companies that serve both the public and private sector, including Dell/EMC/RSA/VMware, Citrix, Nuance Communications, and Delinea. A trusted voice in cybersecurity, Black regularly shares his perspectives as a speaker, media contributor, and advisor to industry leaders.Recent Insider Transactions • Aug 17Executive VP recently sold US$550k worth of stockOn the 13th of August, Diane Nguyen sold around 30k shares on-market at roughly US$18.18 per share. This transaction amounted to 8.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.0m. Insiders have been net sellers, collectively disposing of US$7.1m more than they bought in the last 12 months.Recent Insider Transactions Derivative • Aug 14Chief Financial Officer notifies of intention to sell stockJohn Markovich intends to sell 300k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of August. If the sale is conducted around the recent share price of US$19.00, it would amount to US$5.7m. Since December 2024, John's direct individual holding has increased from 576.39k shares to 745.92k. Company insiders have collectively sold US$33m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Aug 08Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: US$0.55 loss per share (further deteriorated from US$0.10 loss in 2Q 2024). Revenue: US$3.10m (up 42% from 2Q 2024). Net loss: US$167.3m (loss widened US$149.6m from 2Q 2024). Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Aug 05Consensus EPS estimates upgraded to US$0.23 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$0.253 to -US$0.227 per share. Revenue forecast unchanged from US$24.2m at last update. Software industry in the US expected to see average net income growth of 26% next year. Consensus price target up from US$17.25 to US$19.38. Share price fell 6.4% to US$17.18 over the past week.お知らせ • Aug 04D-Wave Quantum Inc. Introduces New Developer Tools to Advance Quantum AI Exploration and InnovationD-Wave Quantum Inc. announced that it has released a collection of offerings to help developers explore and advance quantum artificial intelligence (AI) and machine learning (ML) innovation, including an open-source quantum AI toolkit and a demo. Available now for download, the quantum AI toolkit enables developers to seamlessly integrate quantum computers into modern ML architectures. The demo demonstrates how developers can leverage this toolkit to experiment with using D-Wave™? quantum processors to generate simple images, reflecting what D-Wave believes is a pivotal step in the development of quantum AI capabilities. By releasing this new set of tools, D-Wave aims to help organizations accelerate the use of annealing quantum computers in a growing set of AI applications. The quantum AI toolkit, part of D-Wave's Ocean™? software suite, provides direct integration between D-Wave's quantum computers and PyTorch, a production-grade ML framework widely used to build and train deep learning models. The toolkit includes a PyTorch neural network module for using a quantum computer to build and train ML models known as a restricted Boltzmann machine (RBM). Used to learn patterns and connections from complex data sets, RBMs are employed for generative AI tasks such as image recognition and drug discovery. Training RBMs with large datasets can be a computationally complex and time-consuming task that could be well-suited for a quantum computer. By integrating with PyTorch, D-Wave's new toolkit aims to make it easy for developers to experiment with quantum computing to address computational challenges in training AI models. Turning Quantum AI Potential into Real-World Value: D-Wave continues to advance its quantum AI product roadmap, delivering new solutions to customers while expanding development efforts. The company is working with a growing number of customers on exploratory quantum AI projects including: Japan Tobacco Inc.: D-Wave has completed a joint proof-of-concept project with the pharmaceutical division of Japan Tobacco Inc. (JT) that used D-Wave's quantum computing technology and AI in the drug discovery process. The quantum proof-of-concept outperformed classical methods for AI model training in drug discovery. Julich Supercomputing Centre at Forschungszentrum Julich: Researchers used D-Wave's quantum technology to develop a ML tool that predicts protein-DNA binding with greater accuracy than traditional methods using classical computers. The team integrated quantum computing with support vector machines to achieve improved results in various metrics, significantly enhancing classification performance. TRIUMF: Canada's particle accelerator center and its partner institutions recently published a paper in npj Quantum Information showing significant speedups using D-Wave's quantum computers over classical approaches for simulating high-energy particle-calorimeter interactions--pot potentially leading to major efficiencies where the AI model is used to create synthetic data. Organizations looking to explore the integration of quantum computing into AI workloads can apply to the Leap Quantum LaunchPad™? program. Kevin Chern, Senior Benchmarking Researcher at D-Wave, will showcase the toolkit and demo during his presentation titled "An Introduction to Quantum Annealers in Optimization and Machine Learning," at The AI Research Summit at Ai4 2025, on August 13, 2025 from 11:05 a.m. to 11:25 a.m. PT.Price Target Changed • Jul 30Price target increased by 13% to US$18.67Up from US$16.57, the current price target is an average from 9 analysts. New target price is 9.4% above last closing price of US$17.06. Stock is up 1,606% over the past year. The company is forecast to post a net loss per share of US$0.24 next year compared to a net loss per share of US$0.75 last year.お知らせ • Jul 30D-Wave Quantum Announces Strategic Development Initiative for Advanced Cryogenic PackagingD-Wave Quantum Inc. announced a new strategic development initiative focused on advanced cryogenic packaging. Designed to advance and scale both gate model and annealing quantum processor development, the initiative builds on D-Wave's technology leadership in superconducting cryogenic packaging and will expand the company's multichip packaging capabilities, equipment, and processes. By bolstering its manufacturing efforts with technology, D-Wave aims to accelerate its cross-platform technology development efforts while maintaining and expanding fundamental components of its supply chain. As part of this initiative, D-Wave is leveraging deep expertise and processes at the NASA Jet Propulsion Laboratory ("JPL"), a research and development lab federally funded by NASA and managed by Caltech. Harnessing JPL's superconducting bump-bond process, D-Wave has demonstrated end-to-end superconducting interconnect between chips, work that D-Wave expects will serve as an important foundation for scaling both D-Wave's annealing architectures and its fluxonium-based gate-model architectures. D-Wave believes that superconducting bump bonds will be key to the scalable control of fluxonium and to interconnectivity in multichip quantum processor architectures. D-Wave is also acquiring equipment and developing processes with a goal to increase circuit densities in its pioneering superconducting printed-circuit-board ("PCB") manufacturing, required for both scaling to larger processors and supporting analog-digital quantum computing technology. Packaging quantum processors involves unique and demanding requirements, including: compatibility with ultra-low temperature operation, extremely low magnetic fields, and fully superconducting interconnects with no interruptions in superconductivity all the way from on-chip circuitry through to external control wiring. D-Wave's differentiated solution encompasses cryogenic compatible mechanical and electromagnetic design, regularly achieves lower qubit temperatures than most in the industry, and supports coherence times that meet the requirements for error-corrected gate-model quantum computing technology.お知らせ • Jul 24D-Wave Quantum Inc. to Report Q2, 2025 Results on Aug 07, 2025D-Wave Quantum Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025お知らせ • Jul 02D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $400 million.D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $400 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offeringお知らせ • Jun 30+ 9 more updatesD-Wave Quantum Inc.(NYSE:QBTS) dropped from Russell 3000E Growth IndexD-Wave Quantum Inc.(NYSE:QBTS) dropped from Russell 3000E Growth IndexRecent Insider Transactions • Jun 19Independent Director recently sold US$1.8m worth of stockOn the 12th of June, Roger Biscay sold around 107k shares on-market at roughly US$16.85 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$2.0m. Insiders have been net sellers, collectively disposing of US$6.6m more than they bought in the last 12 months.お知らせ • Jun 11D-Wave Quantum Inc. has filed a Follow-on Equity Offering in the amount of $400 million.D-Wave Quantum Inc. has filed a Follow-on Equity Offering in the amount of $400 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market OfferingRecent Insider Transactions • May 25Independent Director recently sold US$2.0m worth of stockOn the 22nd of May, Roger Biscay sold around 112k shares on-market at roughly US$17.68 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.1m more than they bought in the last 12 months.Recent Insider Transactions Derivative • May 25President exercised options and sold US$14m worth of stockOn the 21st of May, Alan Baratz exercised 846k options at a strike price of around US$0.91 and sold these shares for an average price of US$17.00 per share. This trade did not impact their existing holding. For the year to December 2021, Alan's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Alan's direct individual holding has increased from 946.02k shares to 1.60m. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.お知らせ • May 20D-Wave Announces General Availability of Advantage2 Quantum Computer, Its Most Advanced and Performant SystemD-Wave Quantum Inc. announced the general availability of its Advantage2TM quantum computing system, a powerful and energy-efficient annealing quantum computer capable of solving nationally complex problems beyond the reach of classical computers. Featuring D-Wave's most advanced quantum processor to date, the Advantage2 system is commercial-grade, and built to address real-world use cases in areas such as optimization, materials simulation and artificial intelligence (AI). Customers can now access the Advantage2 system via D-Wave's LeapTM real-time quantum cloud service, which is available in more than 40 countries and offers 99.9% availability and uptime, sub-second response times and SOC 2 Type 2 compliance to meet enterprise needs and security requirements. For hyperscalers and supercomputing centers that want to integrate quantum computing into their infrastructure, the Advantage2 system is also available to purchase for on-premises ownership. Designed to tackle highly complex computational problems and facilitate quantum and hybrid-quantum applications for production deployment, the Advantage2 system's key benefits include: Increased qubit connectivity: The Advantage2 processor features the Zephyr™? topology with 20-way connectivity, which enables embedding of more complex problems. Higher energy scale and lower noise: The Advantage2 system offers a 40% increase in energy scale and a 75% reduction in noise, which contributes to higher-quality solutions for complex calculations. Greater coherence: A twofold increase in coherence allows the Advantage2 quantum processor to achieve faster time-to-s solution. Hybrid solver integration: Now integrated with the full Advantage2 system, the hybrid solvers in the Leap quantum cloud service--including the powerful nonlinear hybrid solver--support up to two million variables and constraints, allowing businesses to run large-scale, business-critical applications in production. Organizations regularly face the limitations of legacy computing solutions, leading to a growing demand for D-Wave's annealing quantum computing technology to tackle hard problems such as optimizing mobile networks, creating more efficient workforce scheduling, and streamlining automotive manufacturing processes. More than 20.6 million customer problems have been run on the Advantage2 prototypes available in the Leap cloud service since June 2022, with customer use up 134% in the last six months. An Advantage2 prototype was used by Japan Tobacco in a proof-of-concept project that utilized quantum computing and AI in the drug discovery process, and the Julich Supercomputing Center and Los Alamos National Laboratory have used the prototypes to advance their research. Beginning May 20, 2025, a full-scale generally available Advantage2 system is accessible in the Leap quantum cloud service for all D-Wave customers. In addition, D-Wave continues to expand its fleet of annealing quantum computers hosted around the world. The forthcoming Advantage2 system hosted on-premises at Davidson Technologies is intended to serve as a focal point for national security-focused quantum research. Also, the system currently located at the Julich Supercomputing Centre (JSC) at Forschungszentrum Julich (FZJ) will be upgraded to an Advantage2 system and is expected to connect with the JUPITER supercomputer, Europe's first and only exascale HPC, to facilitate breakthroughs in artificial intelligence and quantum optimization applications. Learn more and begin using the D-Wave Advantage2 quantum computer here here.Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: US$0.019 loss per share (improved from US$0.11 loss in 1Q 2024). Revenue: US$15.0m (up US$12.5m from 1Q 2024). Net loss: US$5.42m (loss narrowed 69% from 1Q 2024). Revenue exceeded analyst estimates by 43%. Earnings per share (EPS) also surpassed analyst estimates by 62%. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.Price Target Changed • May 09Price target increased by 10% to US$10.58Up from US$9.58, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of US$10.42. Stock is up 695% over the past year. The company is forecast to post a net loss per share of US$0.28 next year compared to a net loss per share of US$0.75 last year.Seeking Alpha • Apr 27D-Wave Quantum: A Speculative Bet On The Quantum WaveSummary Investing in D-Wave Quantum Inc. (QBTS) requires belief in quantum computing's potential and a long-term outlook due to high volatility and speculations. Quantum computing is in its early stages, akin to investing in the 1990s internet infrastructure, with significant risks and potential for transformative impact across industries. QBTS stands out with its quantum annealing tech, but faces competition and risks from evolving gate-based quantum algorithms and high speculative valuation. Consider QBTS as a speculative bet with potential; better to wait for price corrections around earnings for a more favorable entry point. Read the full article on Seeking Alphaお知らせ • Apr 24+ 1 more updateD-Wave Quantum Inc., Annual General Meeting, Jun 05, 2025D-Wave Quantum Inc., Annual General Meeting, Jun 05, 2025.お知らせ • Mar 31+ 1 more updateJapan Tobacco and D-Wave Announce Quantum Proof-of-Concept Outperforms Classical Results for LLM Training in Drug DiscoveryD-Wave Quantum Inc. and Ford Otosan announced that the vehicle manufacturer has deployed a hybrid-quantum application in production, streamlining manufacturing processes for its Ford Transit line of vehicles. The application, which uses D-Wave's annealing quantum computing technology, has improved vehicle production sequencing at Ford Otosan, a powerful demonstration of quantum computing's real-world impact in automotive manufacturing. Ford Otosan is the global leading manufacturer of Ford Transit line of vehicles, including passenger vans, which are among the most customizable commercial vehicles available, with more than 1,500 variants in production. This model variability presents manufacturing efficiency challenges because producing identical products consistently is significantly more productive than frequently adjusting for custom specifications. Sequencing these vehicles is a highly constrained optimization problem, as it requires maximizing throughput and adhering to physical and workforce constraints of the body shop, paint shop, and assembly line. Ford Otosan collaborated with D-Wave to simplify elements of its manufacturing processes, including the optimization of its production sequencing. By leveraging D-Wave's hybrid solvers available through the Leap™? quantum cloud service, Ford Otosan reduced the scheduling time of 1,000 vehicles per run from 30 minutes to less than five. Moreover, D-Wave's annealed quantum computing solution offered more flexibility for the manufacturer to adapt to changes in demand or auto part availability, maintaining productivity without disruption. By reducing workload imbalances, Ford Otosan aims to minimize the frequency of unplanned maintenance, ensuring a more stable production process. Optimizing longer schedules can also help mitigate supplier uncertainties and reduce supply delays. As a result, Ford Otosan anticipates increasing peak production throughput of vehicles per hour, effectively reclaiming lost manufacturing time and achieving efficiencies not possible through classical computing alone. Ford Otosan also plans to activate quantum scheduling in additional body shops and extend its optimization benefits to other processes, including its paint shops, assembly lines, and buffer zones.Seeking Alpha • Mar 25D-Wave: Too Complex, Too Uncertain, Just AvoidSummary D-Wave Quantum's recent breakthrough in annealing quantum computing led to a 27% stock price jump, but I recommend selling due to high risks and uncertain profitability. The company's valuation is extremely high, with a price-to-sales ratio of 182, not suitable for investment. Technological breakthroughs, research funding, and industry growth are potential risks to my bearish thesis, but I assign a low probability to D-Wave's success. Read the full article on Seeking Alphaお知らせ • Mar 20D-Wave Introduces Quantum Blockchain Architecture, Featuring Enhanced Security and Efficiency over Classical ComputingD-Wave Quantum Inc. announced that it has published a new research paper introducing a novel blockchain architecture that uses techniques from its quantum supremacy demonstration. By adding quantum to traditional blockchain computation, the new architecture could enhance blockchain security and efficiency. As part of this research, D-Wave scientists deployed the blockchain architecture across four of its cloud-based annealing quantum computers in Canada and the United States, performing distributed quantum computing for the first time. An illustration from a new research paper published by D-Wave introducing a novel blockchain architecture that leverages the company's quantum supremacy achievement. The illustration depicts how a "proof of quantum" algorithm developed by D-Wave uses quantum computation to generate and validate blockchain hashes. The new research paper, "Blockchain with Proof of Quantum Work," highlights how D-Wave built and tested a "proof of quantum" algorithms that uses quantum computation to generate and validation blockchain hashes. Classical computers currently used for hashing and proof of work consume significant amounts of electricity. Each year, the power consumption of Bitcoin alone-- just one application of blockchain-- is estimated to be comparable to the power consumption of the entire country of Poland. D-Wave's research indicates that using quantum computation for hashing and proof of work could require a fraction of the electricity used by classical resources alone and potentially reduce electricity costs by up to a factor of 1,000. The paper introduces a new quantum-powered method to securely and efficiently create hashes by mapping classical functions to the complex programmable spin glasses simulated in D-Wave's recent supremacy demonstration. The proof of quantum algorithm presented in the paper is designed to incorporate hashes generated by a quantum computer, excluding classical computation from the process and adding an enhanced layer of security. Initially developed to enable cryptocurrencies such as Bitcoin, blockchain technology has a diverse range of applications across supply chain management, healthcare, identity verification, and decentralized finance. The D-Wave™? annealing quantum computers used in the Company's recent quantum supremacy demonstration and this new blockchain research are available for customers to use via D-Wave's Leap™? real-time quantum cloud service. D-Wave plans to continue to drive the development of this capability and work with partners to bring to market products based on this new blockchain architecture.Seeking Alpha • Mar 17D-Wave Quantum: A Hot Stock, But I'll PassSummary I love the idea of quantum computing space, but D-Wave Quantum Inc.’s revenue visibility is too uncertain for my investment style. Paying 75x forward sales is a tough pill to swallow, especially when growth isn’t guaranteed. While D-Wave has a strong cash position, I question the sustainability of its recent momentum. I’ll be watching QBTS stock from the sidelines but need more consistent growth before jumping in. Read the full article on Seeking AlphaPrice Target Changed • Mar 14Price target increased by 18% to US$9.08Up from US$7.67, the current price target is an average from 6 analysts. New target price is 31% above last closing price of US$6.91. Stock is up 235% over the past year. The company is forecast to post a net loss per share of US$0.35 next year compared to a net loss per share of US$0.75 last year.Reported Earnings • Mar 13Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: US$0.75 loss per share (further deteriorated from US$0.60 loss in FY 2023). Net loss: US$143.9m (loss widened 74% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 84%. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Mar 13D-Wave Quantum Inc. First to Demonstrate Quantum Supremacy on Useful, Real-World ProblemD-Wave Quantum Inc. announced a scientific breakthrough published in the esteemed journal Science, confirming that its annealing quantum computer outperformed one of the world's most powerful classical supercomputers in solving complex magnetic materials simulation problems with relevance to materials discovery. The new landmark peer-reviewed paper, "Beyond-Classical Computation in Quantum Simulation," validates this achievement as the world's first and only demonstration of quantum computational supremacy on a useful problem. A close-up look at D-Wave's Advantage2 annealing quantum computer prototype. Since February 2024, D-Wave customers have run nearly 9.5 million problems on the Advantage2 annealing quantum computers prototype. Realizing an Industry-First Quantum Computing Milestone The behavior of materials is governed by the laws of quantum physics. Understanding the quantum nature of magnetic materials is crucial to finding new ways to use them for technological advancement, making materials simulation and discovery a vital area of research for D-Wave and the broader scientific community. Magnetic materials simulations, like those conducted in this work, use computer models to study how tiny particles not visible to the human eye react to external factors. Magnetic materials are widely used in medical imaging, electronics, superconductors, electrical networks, sensors, and motors. Materials discovery is a computationally complex, energy-intensive and expensive task. Today's supercomputers and high-performance computing (HPC) centers, which are built with tens of thousands of GPUs, do not always have the computational processing power to conduct complex materials simulations in a timely or energy-efficient manner. For decades, scientists have aspired to build a quantum computer capable of solving complex materials simulation problems beyond the reach of classical computers. D-Wave's advancements in quantum hardware have made it possible for its annealing quantum computers to process these types of problems for the first time. The results shown in "Beyond-Classical Computations" were enabled by D-Wave's previous scientific milestones published in Nature Physics (2022) and Nature (2023), which theoretically and experimentally showed that quantum annealing provides a quantum speedup in complex optimization problems. These scientific advancements led to the development of the Advantage2 prototype's fast anneal feature, which played a a a critical part of the world's first first and only demonstration of quantum computing systems, software, and services. The results shown in " Beyond-Classical Computation in quantum Simulation" were enabled by D- Wave's previous scientific milestones published in nature Physics (2022) and nature (2023, which theoretically and experiments showed that quantum anneal provides a quantum speed up in complex optimization problems. These Scientific advancements led to the development of The Advantage2 prototype's fast ananeal feature, which played a unique unique unique unique unique unique unique technology.Seeking Alpha • Mar 10D-Wave: I No Longer See An Asymmetric Risk/Reward BetSummary I believe D-Wave thrived in a bull market, but the current macro environment no longer supports high-risk, high-beta plays. I believe D-Wave's stock moves more on external factors than on company achievements, as seen in weak reactions to major announcements like the first-ever HPC customer. I see paying 9.5x book value for a cash-burning company with $178M in reserves as unsustainable, especially in a tightening market. This year, I foresee a shift from speculative tech stocks to consumer defensives as inflation concerns and GDP slowdown reshape investor priorities. Given D-Wave’s 4.1 beta and broader market trends, I anticipate a significant decline, potentially into the $2–$3 range, before it finds a bottom. Read the full article on Seeking Alphaお知らせ • Feb 27D-Wave Quantum Inc. to Report Q4, 2024 Results on Mar 13, 2025D-Wave Quantum Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 13, 2025Seeking Alpha • Feb 24D-Wave Quantum: Another Rally To SellSummary D-Wave Quantum's stock has soared recently, but the business prospects haven't improved proportionally, leading to a bearish investment thesis. Despite having advanced quantum technology, D-Wave faces stiff competition from tech giants like Microsoft, limiting its market potential and revenue growth. The company raised significant cash through ATM offerings, but it remains far from achieving meaningful revenues, with 2025 estimates at just $16 million. Investors should consider cashing out during the rally, as D-Wave's high valuation and competition risk make it a less attractive long-term investment. Read the full article on Seeking Alphaお知らせ • Feb 13D-Wave Announces On-Premises Systems Offering to Push Boundaries of Quantum-Fueled Research and Advance Quantum + AI DevelopmentD-Wave Quantum Inc. announced that it is enabling research centers, academic institutions, and governments to purchase on-premises D-Wave™ Advantage™ quantum computing systems to help customers push the boundaries of quantum-fueled experimentation, development and usage. Supported by today’s announcement that Forschungszentrum Jülich (FZJ) is the first high-performance computing (HPC) center in the world to purchase a D-Wave Advantage quantum system, D-Wave expects the new systems offering to drive advanced research and new discoveries in areas such as artificial intelligence (AI) and quantum simulation. Customers have the ability to purchase on-premises D-Wave Advantage systems, the world’s largest annealing quantum computers with more than 5,000 qubits and 15-way connectivity. With tailored pricing to meet the unique requirements of each customer, the new offering includes shipping, installation, calibration and ongoing maintenance of the system to ensure optimal performance as well as assistance in setting up local hybrid quantum solvers. On-premises installation and system ownership provide customers the ability to tightly integrate with existing classical and HPC systems, leverage and tune system parameters, and take advantage of new system innovations, such as advanced analog-digital features, as they are developed. D-Wave vice president of infrastructure, Irwan Owen, is leading the systems go-to-market effort. The Company also announced the new “Quantum Uplift” program to address the growing number of customers expressing disappointment with competitor quantum systems that are incapable of solving problems of practical value and lack reliable uptime and availability. The Quantum Uplift program offers incentives toward the purchase of a D-Wave Advantage system for any organization that is dissatisfied with their current quantum computer. D-Wave’s quantum computers are highly performant, reliable and available, helping customers solve complex problems that are beyond the reach of classical computers. More than 100 organizations trust D-Wave with their toughest computational challenges, providing them with the opportunity to realize the value of quantum computing today. Organizations are increasingly looking to quantum computers to accelerate research, bolster national security and global competitiveness, and explore how the technology can address challenges resulting from AI's escalating power consumption. In fact, a study conducted by Hyperion Research reported that the increased focus on AI and compute-intensive technology is generating demand for on-premises quantum computers, particularly in HPC environments. Nearly 20% of respondents said that they prioritize the control, security, and immediacy provided by on-site quantum computing infrastructure. Modern HPC environments are built with tens of thousands of graphics processing units (GPUs) working together simultaneously to perform calculations. While the GPU excels at executing AI tasks such as data mining, pattern matching, and predictions, the quantum processing unit (QPU), used in quantum computers, brings unique strengths in solving complex problems that can enhance AI capabilities and drive compute efficiencies while helping reduce power consumption.お知らせ • Jan 23D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $150 million.D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $150 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market OfferingSeeking Alpha • Jan 22D-Wave Quantum: Large TAM And First-Mover AdvantageSummary D-Wave Quantum, the first commercial quantum computing company, serves over 130 clients, including major firms like Mastercard and Lockheed Martin, with strong growth momentum. The company has a large and rapidly growing TAM, with significant potential in quantum hardware, software, and services, driven by its full stack offerings. Despite recent stock volatility due to comments from NVIDIA and Meta CEOs, QBTS CEO asserts the company is commercially ahead of competitors. Given the high volatility, I recommend a Hold rating on QBTS, awaiting more clarity on the commercialization roadmap before making a buying decision. Read the full article on Seeking AlphaPrice Target Changed • Jan 17Price target increased by 14% to US$6.29Up from US$5.54, the current price target is an average from 6 analysts. New target price is 19% above last closing price of US$5.27. Stock is up 669% over the past year. The company is forecast to post a net loss per share of US$0.42 next year compared to a net loss per share of US$0.60 last year.New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Negative equity (-US$17m). Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$64m net loss in 3 years).Seeking Alpha • Jan 14D-Wave: The Only Quantum Computing Company For A DecadeSummary D-Wave has a significant first-mover advantage with commercially useful quantum annealing technology, unlike competitors who are decades away from viable quantum gate computers. A Recent capital raise at a higher share price reduced forecast dilution, and changes to its business model, including premium pricing, improve the margin outlook. D-Wave's sale of its first quantum computer and record bookings suggest it will exceed revenue forecasts, perhaps doubling medium-term revenue targets. Despite market volatility, D-Wave's unique position and growing commercial traction make it a strong buy, poised to outperform other quantum computing stocks. Read the full article on Seeking AlphaSeeking Alpha • Jan 04D-Wave Quantum Stock Is Trading Above Its Fundamental Worth, But It's Too Risky To Bet Against ItSummary D-Wave has a notorious track record of missing revenue expectations. Its revenues are also declining YoY. The company is unprofitable and cash-burning, but has ample liquidity for 2–3 years due to a recent $175 million equity raise. D-Wave is trading at high valuations in an overhyped sector. At a 157x 1-yr forward P/Revenues, I can't make a good argument for being bullish, especially considering weak revenue progress. D-Wave is seeing strong technical bullish action on the monthly charts, and it is risky to go against such momentum. I am keeping an eye on the growing short interest levels, as that may increase the chances of a final short squeeze before an eventual reversal. Read the full article on Seeking AlphaSeeking Alpha • Dec 28Quantum Could Be 2025's Buzzword, But I Think D-Wave Quantum Is Dangerously PoisedSummary Quantum computing, leveraging qubits and superposition, promises significant advancements in optimization, drug discovery, financial modeling, and cryptography, despite current challenges in error rates and scalability. D-Wave Quantum, specializing in quantum annealing, offers a cloud-based service called Leap, attracting partnerships with major data operators despite being far from profitability. The company's share price surged in 2024, creating a gap between valuation and fundamentals, with a high price-to-sales ratio indicating speculative investment risks. Investors should exercise caution, as valuation metrics suggest shares could be significantly overvalued, emphasizing the need for thorough research and awareness of potential market corrections. Read the full article on Seeking AlphaSeeking Alpha • Dec 16D-Wave Quantum: Not Chasing This Rally Based Solely On HopeSummary Quantum computing, while promising, is far from commercially viable; companies like D-Wave Quantum Inc. face significant financial challenges and high error rates in current technology. D-Wave Quantum's financials show minimal revenue growth, substantial operating losses, and continuous shareholder dilution, making it a risky investment. The recent hype around quantum computing stocks, driven by legislative support and advancements from major tech firms, has inflated valuations without fundamental operational shifts. The long-term viability of quantum computing companies depends on overcoming scalability issues and securing substantial funding, with big tech likely leading future advancements. Read the full article on Seeking AlphaPrice Target Changed • Dec 12Price target increased by 28% to US$3.63Up from US$2.83, the current price target is an average from 6 analysts. New target price is 7.3% below last closing price of US$3.91. Stock is up 283% over the past year. The company is forecast to post a net loss per share of US$0.42 next year compared to a net loss per share of US$0.60 last year.お知らせ • Dec 12+ 1 more updateD-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $74.999998 million.D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $74.999998 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 15,576,647 Price\Range: $4.8149 Discount Per Security: $0.144447 Transaction Features: At the Market Offeringお知らせ • Dec 10D-Wave Quantum Inc. has filed a Follow-on Equity Offering in the amount of $75 million.D-Wave Quantum Inc. has filed a Follow-on Equity Offering in the amount of $75 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offeringお知らせ • Dec 03D-Wave Quantum Inc. to Showcase Real-World Quantum Computing Applications in Action At Second B24 Silicon ValleyD-Wave Quantum Inc. announced it will highlight the transformative power of quantum optimization and its impact on today's businesses at second quarter of 2024. Murray Thom, D-Wave vice president of quantum technology evangelism and featured speaker at the event, will discuss the evolution of quantum applications moving from proof of concept to production deployment. Uniquely aligned with Q2B24 Silicon Valley's theme of "The Roadmap to Quantum Value," Thom will highlight the measurable impact that D-Wave's annealing quantum computing solutions are creating for customers, including: An 80% reduction in the effort needed to create retail workforce schedules at Pattison Food Group, the largest purveyor of food and healthcare products in western Canada. An 83% reduction in the time needed to create manufacturing production schedules at Ford Otosan, a joint venture between Ford Motor Company and Koc Holding, an industrial conglomerate in Turkey. A 15% improvement in the utilization of mobile network resources at NTT Docomo, Japan's mobile phone operator.Seeking Alpha • Nov 27Why I'm Doubling Down On D-Wave Quantum During This PullbackSummary I believe D-Wave’s Leap platform stands out in quantum computing as a service, offering a reliable quantum annealing system actively used by big industry players. The integration of the Advantage2 processor in the Leap platform and the National Quantum Initiative Act reauthorization are two catalysts that could drive a significant increase in the share price. The 41% YoY growth in QCaaS revenue reflects a transition to stable, subscription-based income, with major clients like Lockheed Martin and Mastercard. Risks include a cash runway of six months, ongoing dilution risks, and the potential for a pullback below $2 before the catalysts materialize. While the stock faces short-term risks, I maintain a strong buy rating, betting on the narrative-driven growth of quantum computing. Read the full article on Seeking Alphaお知らせ • Nov 26D-Wave Quantum Inc. Appoints Sharon Holt to Its Board of DirectorsD-Wave Quantum Inc. announced the appointment of Sharon Holt to its board of directors. The appointment comes on the heels of the October 2024 additions of John DiLullo and Rohit Ghai to the D-Wave board, as the company continues to usher in the era of commercial quantum computing. Holt is a seasoned technology executive, investor, and board director with extensive global industry experience in semiconductors, embedded technologies, and intellectual property. Her executive roles have spanned business unit leadership, P&L ownership, business development, sales, marketing and engineering. Holt has served as a principal at Fraser Stuart Ventures, LLC, a private investment and advisory firm since 2016. Prior to that, she served as senior vice president and general manager of the semiconductor business group at Rambus Inc., a leading technology development and licensing company. Prior to Rambus, Holt held executive roles at Agilent Technologies and HP. She serves on the board of directors of Infinera Corp., a publicly traded leading supplier of intelligent transport network solutions, and previously served as chairman of the board of directors of Immersion Corporation, a publicly traded developer of haptics technology for cell phones and other devices.Major Estimate Revision • Nov 21Consensus revenue estimates decrease by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$10.1m to US$8.76m. EPS estimate reaffirmed at -US$0.423 per share. Software industry in the US expected to see average net income growth of 18% next year. Consensus price target up from US$2.29 to US$2.83. Share price rose 5.3% to US$1.97 over the past week.Seeking Alpha • Nov 19The Trump-Musk Effect: Can D-Wave Quantum Sustain Its Meteoric Rise Amid Financial Turmoil?Summary D-Wave Quantum has experienced significant volatility, driven by the "Trump-Elon trade" hype, but financial struggles persist, warranting a Consensus Hold rating. The Trump-Elon effect has fueled speculative momentum in quantum computing stocks, with D-Wave gaining 64.4% amid political and investor excitement. Despite operational achievements and strategic partnerships, D-Wave's Q3 earnings reveal mounting losses, declining revenue, and significant financial distress. Investors should approach D-Wave cautiously, balancing speculative potential with the company's fundamental weaknesses and meme-stock tendencies. Read the full article on Seeking AlphaNew Risk • Nov 18New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$61m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-US$17m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$74m net loss in 3 years). Shareholders have been diluted in the past year (40% increase in shares outstanding).Reported Earnings • Nov 15Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: US$0.11 loss per share. Revenue: US$1.87m (down 27% from 3Q 2023). Net loss: US$22.7m (loss widened 41% from 3Q 2023). Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.お知らせ • Nov 15D-Wave Quantum Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024D-Wave Quantum Inc. provided earnings guidance for the fourth quarter of fiscal year 2024. For the period, Company expects Revenue to improve over the third quarter Revenue.New Risk • Nov 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$60m free cash flow). Negative equity (-US$22m). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$71m net loss in 3 years). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding).お知らせ • Nov 05D-Wave Regains Compliance with NYSE Continued Listing StandardsD-Wave Quantum Inc. announced it has regained compliance with the New York Stock Exchange (“NYSE”) continued listing standard for minimum share price under Section 802.01C of the NYSE Listed Company Manual. On November 1, 2024, the NYSE provided D-Wave with a notification letter of re compliance based on a calculation of the Company’s average closing share price for the 30 trading days ended October 31, 2024, which reflected an average closing share price above the NYSE’s $1.00 minimum requirement. D-Wave will continue to be traded on the NYSE, subject to its continued compliance with all applicable listing standards.お知らせ • Nov 01D-Wave Quantum Inc. to Report Q3, 2024 Results on Nov 14, 2024D-Wave Quantum Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024お知らせ • Oct 30D-Wave Quantum Inc. Appoints John Dilullo and Rohit Ghai to its Board of DirectorsD-Wave Quantum Inc. announced the appointments of veteran technology industry leaders, John DiLullo and Rohit Ghai, to its board of directors. The new board members join at a key time for the company, as it executes an aggressive go-to-market strategy designed to rapidly accelerate the adoption of its annealing quantum computing solutions across global businesses, research institutions and government agencies. John DiLullo currently serves as chief executive officer at Deepwatch. With a track record spanning more than 30 years in technology, including more than 15 years in networking and cybersecurity, DiLullo brings leadership expertise in growth and profitability transformation. A long-time customer advocate, DiLullo is focused on improving a customer’s technology adoption experience, championing customer success and ROI, and embracing specialized routes to market for significant growth. Prior to his role at Deepwatch, DiLullo held CEO positions at LiveVox and Lastline Security, as well as senior executive level positions with F5 Networks, HP/Aruba Networks, Cisco Systems, and Sonicwall. Rohit Ghai is currently the chief executive officer of RSA. Ghai has experience in both startups and large enterprises, with expertise in digital transformation in highly regulated markets and knowledge across software, systems and security. Ghai was president of RSA during its tenure as a Dell Technologies business. Prior to that, he served as president of Dell EMC’s Enterprise Content Division and held senior engineering and management roles at Symantec, Computer Associates and Cheyenne Software.Seeking Alpha • Oct 30D-Wave: Buying Before EarningsSummary Recent developments show D-Wave's quantum annealing technology is gaining commercial traction, solving complex problems beyond classical computers' capabilities, making it significantly undervalued. The Company's quantum annealer has proven quantum supremacy and commercial viability, with increasing use cases in industries like telecommunications and AI model training. Despite financial challenges and the need for substantial capital, QBTS's first-mover advantage and reliable management team justify a Strong Buy rating. The upcoming earnings call will be crucial to monitor sales growth, customer conversion, and technical progress, particularly the launch of the 4,800-qubit Advantage2 processor. Read the full article on Seeking Alphaお知らせ • Oct 05D-Wave Quantum Receives Notice of Non-Compliance with NYSE Trading Share Price Listing RuleD-Wave Quantum Inc. (the ‘Company’) announced that it received notice from the New York Stock Exchange (the ‘NYSE’) on October 2, 2024 that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because, as of October 2, 2024, the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company’s common stock from the NYSE. On October 4, 2024, the Company notified the NYSE that it intends to cure the stock price deficiency and to return to compliance with the NYSE continued listing standard. The Company can regain compliance at any time within the six-month period following receipt of the NYSE notice if on the last trading day of any calendar month during the cure period the Company has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. Under the NYSE’s rules, if the Company determines that, if necessary, it will cure the stock price deficiency by taking an action that will require stockholder approval, it must so inform the NYSE in the above referenced notification and the price condition will be deemed cured if the price promptly exceeds $1.00 per share, and the price remains above that level for at least the following 30 trading days. The Company intends to consider available alternatives, including but not limited to a reverse stock split, that are subject to shareholder approval. The Company’s common stock will continue to be listed and trade on the NYSE during this period, subject to the Company’s compliance with other NYSE continued listing standards.株主還元QBTSUS SoftwareUS 市場7D30.4%3.7%3.2%1Y245.9%-7.9%31.0%株主還元を見る業界別リターン: QBTS過去 1 年間で-7.9 % の収益を上げたUS Software業界を上回りました。リターン対市場: QBTS過去 1 年間で31 % の収益を上げたUS市場を上回りました。価格変動Is QBTS's price volatile compared to industry and market?QBTS volatilityQBTS Average Weekly Movement12.9%Software Industry Average Movement9.7%Market Average Movement7.1%10% most volatile stocks in US Market16.1%10% least volatile stocks in US Market3.2%安定した株価: QBTSの株価は、 US市場と比較して過去 3 か月間で変動しています。時間の経過による変動: QBTSの weekly volatility ( 13% ) は過去 1 年間安定していますが、依然としてUSの株式の 75% よりも高くなっています。会社概要設立従業員CEO（最高経営責任者ウェブサイト1999385Alan Baratzwww.dwavequantum.comディー・ウェイブ・クォンタム社は、量子コンピュータシステム、ソフトウェア、サービスの開発・提供を世界中で行っています。量子コンピュータ「Advantage」と「Advantage 2」、オープンソースツール群「Ocean」、量子コンピュータと量子ハイブリッドソルバーへのリアルタイムアクセス、セキュアアクセスとデータ保護サービスを提供するクラウドベースのサービス「Leap quantum cloud service」、開発者が同社のサーバー上でアプリケーションを学習・構築するためのPythonベースのSDK「Ocean software development kit (SDK)」を提供している。また、企業規模の問題を解決するために、量子と古典の計算リソースと高度なアルゴリズムを組み合わせて提供するLeapハイブリッドソルバーサービスや、トレーニングセッションや量子コンピューティングへのアクセスを含む、実稼働中の量子ハイブリッドアプリケーションを特定・構築するための段階的アプローチであるD-Wave Launchも提供している。さらに、D-Wave Advantageアニーリング量子コンピューティングシステム、Ocean開発者ツールも提供している。同社の量子ソリューションは、割り当て、リソーススケジューリング、工場スケジューリング、車両ルーティング、ロジスティクス最適化、創薬、産業建設設計、ポートフォリオ最適化、メンテナンス・修理・オーバーホール最適化などで使用されている。D-Wave Quantum Inc.は1999年に設立され、カリフォルニア州パロアルトを拠点としている。もっと見るD-Wave Quantum Inc. 基礎のまとめD-Wave Quantum の収益と売上を時価総額と比較するとどうか。QBTS 基礎統計学時価総額US$7.98b収益（TTM）-US$355.06m売上高(TTM)US$24.59m359.0xP/Sレシオ-24.9xPER（株価収益率QBTS は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計QBTS 損益計算書（TTM）収益US$24.59m売上原価US$4.28m売上総利益US$20.31mその他の費用US$375.37m収益-US$355.06m直近の収益報告Dec 31, 2025次回決算日May 12, 2026一株当たり利益（EPS）-0.96グロス・マージン82.59%純利益率-1,444.10%有利子負債／自己資本比率4.2%QBTS の長期的なパフォーマンスは？過去の実績と比較を見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/06 03:11終値2026/05/06 00:00収益2025/12/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋D-Wave Quantum Inc. 16 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。19 アナリスト機関David WilliamsBenchmark CompanyCraig EllisB. Riley Securities, Inc.William Kingsley CraneCanaccord Genuity16 その他のアナリストを表示
Featured narrative•Software opportunityZenaTechabout 2 months ago author updated this narrativeJOFair Value from Jolt_CommunicationsUS$6.8569.3% 割安 内在価値ディスカウントZenaTech: A big bet on the rise of AI drones and drones-as-a-serviceKey Takeaways ZenaTech is focusing its efforts into building AI drones, combining Drone as a Service, SaaS, and AI as its key revenue drivers. Previously building software for agriculture, ZenaTech has shifted rapidly toward drone services, now driving ~70% of revenue after recent acquisitions.Read full narrative3.2kusers have viewed this narrative8users have liked this narrative0users have commented on this narrative77users have followed this narrativeRead narrative
ライブニュース • May 05D-Wave Quantum Gains on US$20 Million Deal Academic Interest and Commercial MomentumQuantum computing stocks, including D-Wave Quantum, saw strong rallies in April 2026, supported by sector-wide enthusiasm and growing Wall Street interest. D-Wave’s move in April was linked to progress in quantum annealing for optimization problems and a US$20 million agreement with Florida Atlantic University. The company’s recent momentum comes alongside record cash reserves and increased activity around government and commercial contracts, although the stock is still described as highly speculative. For you as an investor, the key takeaway is that D-Wave is attracting attention around a focused use case: quantum annealing for optimization. The US$20 million Florida Atlantic University agreement and references to rising commercial momentum point to growing engagement with both academic and enterprise users, while record cash reserves may give the company more room to fund operations and product development. At the same time, the article flags the stock as volatile, with ongoing operational losses and heavy competition from larger technology companies and other quantum players. Quantum computing is still at an early commercial stage, so position sizing, time horizon, and risk tolerance are especially important if you are considering exposure to D-Wave or the broader quantum computing group.
お知らせ • Apr 26D-Wave Quantum Inc., Annual General Meeting, Jun 04, 2026D-Wave Quantum Inc., Annual General Meeting, Jun 04, 2026.
お知らせ • Apr 23D-Wave Quantum Inc. to Report Q1, 2026 Results on May 12, 2026D-Wave Quantum Inc. announced that they will report Q1, 2026 results Pre-Market on May 12, 2026
新しいナラティブ • Apr 14D-Wave Quantum Inc. (QBTS): The "Dual-Platform" Pioneer and the 2026 Commercial SurgeD-Wave Quantum Inc. (QBTS) entered the session on Tuesday, April 14, 2026 , as one of the most polarizing and high-momentum names in the quantum computing space, with shares trading near $14.67 USD.
Seeking Alpha • Apr 14D-Wave Quantum: Extreme Valuation Meets Execution RealitySummary D-Wave Quantum is rated Strong Sell with a 12-month price target of ~$4.13, citing extreme overvaluation versus fundamentals. QBTS trades at a P/S of ~191x on $24.6M FY2025 revenue, requiring exponential growth and near-perfect execution to justify current levels. Execution risks are heightened by the Quantum Circuits acquisition, heavy dilution, cash burn, and simultaneous pursuit of multiple technology platforms. Fierce competition from IBM, Google, and Microsoft, plus reliance on non-recurring bookings, make sustained revenue growth and valuation support unlikely. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Mar 19Independent Director notifies of intention to sell stockRohit Ghai intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of March. If the sale is conducted around the recent share price of US$17.55, it would amount to US$413k. Since June 2025, Rohit's direct individual holding has decreased from 43.52k shares to 23.52k. Company insiders have collectively sold US$110m more than they bought, via options and on-market transactions in the last 12 months.
ライブニュース • May 05D-Wave Quantum Gains on US$20 Million Deal Academic Interest and Commercial MomentumQuantum computing stocks, including D-Wave Quantum, saw strong rallies in April 2026, supported by sector-wide enthusiasm and growing Wall Street interest. D-Wave’s move in April was linked to progress in quantum annealing for optimization problems and a US$20 million agreement with Florida Atlantic University. The company’s recent momentum comes alongside record cash reserves and increased activity around government and commercial contracts, although the stock is still described as highly speculative. For you as an investor, the key takeaway is that D-Wave is attracting attention around a focused use case: quantum annealing for optimization. The US$20 million Florida Atlantic University agreement and references to rising commercial momentum point to growing engagement with both academic and enterprise users, while record cash reserves may give the company more room to fund operations and product development. At the same time, the article flags the stock as volatile, with ongoing operational losses and heavy competition from larger technology companies and other quantum players. Quantum computing is still at an early commercial stage, so position sizing, time horizon, and risk tolerance are especially important if you are considering exposure to D-Wave or the broader quantum computing group.
お知らせ • Apr 26D-Wave Quantum Inc., Annual General Meeting, Jun 04, 2026D-Wave Quantum Inc., Annual General Meeting, Jun 04, 2026.
お知らせ • Apr 23D-Wave Quantum Inc. to Report Q1, 2026 Results on May 12, 2026D-Wave Quantum Inc. announced that they will report Q1, 2026 results Pre-Market on May 12, 2026
新しいナラティブ • Apr 14D-Wave Quantum Inc. (QBTS): The "Dual-Platform" Pioneer and the 2026 Commercial SurgeD-Wave Quantum Inc. (QBTS) entered the session on Tuesday, April 14, 2026 , as one of the most polarizing and high-momentum names in the quantum computing space, with shares trading near $14.67 USD.
Seeking Alpha • Apr 14D-Wave Quantum: Extreme Valuation Meets Execution RealitySummary D-Wave Quantum is rated Strong Sell with a 12-month price target of ~$4.13, citing extreme overvaluation versus fundamentals. QBTS trades at a P/S of ~191x on $24.6M FY2025 revenue, requiring exponential growth and near-perfect execution to justify current levels. Execution risks are heightened by the Quantum Circuits acquisition, heavy dilution, cash burn, and simultaneous pursuit of multiple technology platforms. Fierce competition from IBM, Google, and Microsoft, plus reliance on non-recurring bookings, make sustained revenue growth and valuation support unlikely. Read the full article on Seeking Alpha
Recent Insider Transactions Derivative • Mar 19Independent Director notifies of intention to sell stockRohit Ghai intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of March. If the sale is conducted around the recent share price of US$17.55, it would amount to US$413k. Since June 2025, Rohit's direct individual holding has decreased from 43.52k shares to 23.52k. Company insiders have collectively sold US$110m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions Derivative • Mar 17Independent Director notifies of intention to sell stockRohit Ghai intends to sell 24k shares in the next 90 days after lodging an Intent To Sell Form on the 16th of March. If the sale is conducted around the recent share price of US$17.55, it would amount to US$413k. Since June 2025, Rohit's direct individual holding has decreased from 43.52k shares to 23.52k. Company insiders have collectively sold US$110m more than they bought, via options and on-market transactions in the last 12 months.
Major Estimate Revision • Mar 05Consensus EPS estimates fall by 57%, revenue upgradedThe consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from US$43.0m to US$43.9m. Forecast EPS reduced from -US$0.251 to -US$0.394 per share. Software industry in the US expected to see average net income growth of 23% next year. Consensus price target down from US$39.17 to US$37.61. Share price fell 3.8% to US$18.91 over the past week.
Reported Earnings • Feb 27Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: US$1.11 loss per share (further deteriorated from US$0.75 loss in FY 2024). Revenue: US$24.6m (up 179% from FY 2024). Net loss: US$355.1m (loss widened 147% from FY 2024). Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 6.7%. Revenue is forecast to grow 42% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 188% per year, which means it is well ahead of earnings.
お知らせ • Feb 12D-Wave Quantum Inc. to Report Q4, 2025 Results on Feb 26, 2026D-Wave Quantum Inc. announced that they will report Q4, 2025 results Pre-Market on Feb 26, 2026
お知らせ • Jan 27D-Wave Quantum Inc. Announces Key Product and Technology MilestonesD-Wave Quantum Inc. announced key product and technology milestones that underscore accelerating customer adoption and progress. At Qubits 2026, D-Wave’s annual user conference today, the Company will introduce new hybrid solver capabilities that enable customers to incorporate machine learning models directly into quantum optimization workflows, as well as new tools that give quantum scientists deeper visibility into quantum dynamics using annealing quantum computers. In addition, the Company will share details on its accelerated gate-model development roadmap, including progress enabled by the recent acquisition of Quantum Circuits Inc., a breakthrough demonstration of scalable on-chip cryogenic control of qubits, and plans to bring an initial gate-model system to market in 2026. These development efforts and updates focus on scalability, enabling customers to tackle increasingly large and complex problems with greater efficiency and performance. Customer usage of D-Wave’s award-winning Advantage2 annealing quantum computers increased by 314% over the last year, while usage of the Company’s Stride™ hybrid solver, formerly known as the nonlinear program solver, increased by 114% in the last six months. D-Wave has introduced several annealing quantum computing product enhancements recently, including: Hybrid Solver Software Supports Integrated Machine Learning Models: D-Wave’s Stride hybrid solver combines the strengths of annealing quantum computing and classical computing to help customers address problems that classical-only methods may not be able to effectively or efficiently solve. The Stride hybrid solver now allows for surrogate modeling, enabling customers to incorporate machine learning models directly into optimization workflows to support a wider range of use cases within domains such as predictive maintenance, surge pricing, advertising campaign optimization, and employee scheduling. Learn more about the Stride hybrid solver here. Multicolor Annealing and Fast-Reverse Anneal: These new capabilities, which are now available to select customers, provide more precise qubit control to help scientists accelerate experimentation and discovery. Fast-reverse anneal allows the annealing quantum computer to move back and forth through the annealing process while maintaining coherence where quantum effects are strongest. This repeatable control allows researchers to study how quantum states evolve and transition, deepening understanding of complex quantum behavior. Multicolor annealing, a set of processor controls that enable operations such as controlled excitation and mid-anneal projection, give researchers the ability to generate dynamical quantum states, probe quantum phenomena at a deeper level, and prototype new algorithms. In addition to advancements with its annealing quantum computing technology, D-Wave is accelerating development of its gate-model quantum computing platform. Through the recent acquisition of Quantum Circuits Inc. as well as its own breakthrough development work, D-Wave is uniquely positioned as the only company with all three core technologies required to deliver scaled, error-corrected superconducting gate-model systems: High-fidelity, error-detecting dual-rail qubits for efficient error correction with up to an order of magnitude fewer physical qubits per logical qubit Local cryogenic control and multi-chip superconducting packaging for scaling systems with orders of magnitude fewer I/O control lines, as detailed in a new white paper here. Robust cryogenic platforms with demonstrated uptimes of years for commercial-grade operations. Together, these capabilities support D-Wave’s plans to bring an initial gate-model quantum computing system to market in 2026, reinforcing the company’s dual-platform strategy and long-term vision for practical, scalable quantum computing.
お知らせ • Jan 21D-Wave Quantum Inc. (NYSE:QBTS) completed the acquisition of Quantum Circuits, Inc.D-Wave Quantum Inc. (NYSE:QBTS) entered into an Agreement to acquire Quantum Circuits, Inc. for $550 million on January 6, 2026. A consideration consists of a number of the D-Wave Quantum’s common stock, par value $0.0001 per share with a value $300 million, plus $250 million in cash, subject to a net debt adjustment. The acquisition is subject to certain closing conditions set forth in the merger agreement, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the approval of listing of the shares of D-Wave common stock being issued as consideration on the NYSE. Closing is expected to occur in late January 2026. Centerview Partners LLC acted as financial advisor for D-Wave Quantum Inc. Adam Givertz and Stan Richards of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for D-Wave Quantum Inc. Needham & Company, LLC acted as financial advisor and Jeffrey Lehrer and Scott Cowan of DLA Piper LLP acted as legal advisor for Quantum Circuits, Inc. D-Wave Quantum Inc. (NYSE:QBTS) completed the acquisition of Quantum Circuits, Inc. on January 20, 2026.
Recent Insider Transactions • Jan 16President recently sold US$983k worth of stockOn the 14th of January, Alan Baratz sold around 35k shares on-market at roughly US$28.06 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$3.9m. Alan has been a net seller over the last 12 months, reducing personal holdings by US$6.3m.
Recent Insider Transactions Derivative • Jan 15President notifies of intention to sell stockAlan Baratz intends to sell 35k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of January. If the sale is conducted around the recent share price of US$28.06, it would amount to US$983k. For the year to December 2021, Alan's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Alan's direct individual holding has decreased from 5.12m shares to 1.90m. Company insiders have collectively sold US$108m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Jan 07+ 1 more updateD-Wave Quantum Inc. (NYSE:QBTS) entered into an Agreement to acquire Quantum Circuits, Inc. for $550 million.D-Wave Quantum Inc. (NYSE:QBTS) entered into an Agreement to acquire Quantum Circuits, Inc. for $550 million on January 6, 2026. A consideration consists of a number of the D-Wave Quantum’s common stock, par value $0.0001 per share with a value $300 million, plus $250 million in cash, subject to a net debt adjustment. The acquisition is subject to certain closing conditions set forth in the merger agreement, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the approval of listing of the shares of D-Wave common stock being issued as consideration on the NYSE. Closing is expected to occur in late January 2026. Centerview Partners LLC acted as financial advisor for D-Wave Quantum Inc. Adam Givertz and Stan Richards of Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisor for D-Wave Quantum Inc. Needham & Company, LLC acted as financial advisor and Jeffrey Lehrer and Scott Cowan of DLA Piper LLP acted as legal advisor for Quantum Circuits, Inc.
Recent Insider Transactions Derivative • Dec 26President exercised options and sold US$23m worth of stockOn the 22nd of December, Alan Baratz exercised 794k options at a strike price of around US$0.91 and sold these shares for an average price of US$30.13 per share. This trade did not impact their existing holding. For the year to December 2021, Alan's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2025, Alan's direct individual holding has decreased from 5.12m shares to 1.90m. Company insiders have collectively sold US$108m more than they bought, via options and on-market transactions in the last 12 months.
Buy Or Sell Opportunity • Dec 19Now 27% overvaluedThe stock has been flat over the last 90 days, currently trading at US$26.82. The fair value is estimated to be US$21.04, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 46% over the last 3 years. Earnings per share has declined by 28%. For the next 3 years, revenue is forecast to grow by 47% per annum. Earnings are also forecast to grow by 33% per annum over the same time period.
Recent Insider Transactions Derivative • Dec 08Chief Financial Officer exercised options and sold US$5.1m worth of stockOn the 4th of December, John Markovich exercised 200k options at a strike price of around US$0.92 and sold these shares for an average price of US$26.31 per share. This trade did not impact their existing holding. Since March 2025, John's direct individual holding has decreased from 2.13m shares to 937.56k. Company insiders have collectively sold US$82m more than they bought, via options and on-market transactions in the last 12 months.
New Risk • Dec 03New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$150m net loss in 3 years). Significant insider selling over the past 3 months (US$10m sold).
Recent Insider Transactions Derivative • Nov 21Chief Financial Officer notifies of intention to sell stockJohn Markovich intends to sell 500k shares in the next 90 days after lodging an Intent To Sell Form on the 20th of November. If the sale is conducted around the recent share price of US$23.44, it would amount to US$12m. Since December 2024, John's direct individual holding has increased from 576.39k shares to 937.56k. Company insiders have collectively sold US$72m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Nov 17President recently sold US$3.9m worth of stockOn the 13th of November, Alan Baratz sold around 168k shares on-market at roughly US$23.17 per share. This transaction amounted to 8.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Alan has been a net seller over the last 12 months, reducing personal holdings by US$5.3m.
Recent Insider Transactions Derivative • Nov 14President notifies of intention to sell stockAlan Baratz intends to sell 168k shares in the next 90 days after lodging an Intent To Sell Form on the 13th of November. If the sale is conducted around the recent share price of US$23.17, it would amount to US$3.9m. For the year to December 2021, Alan's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Alan's direct individual holding has increased from 1.49m shares to 1.69m. Company insiders have collectively sold US$43m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Nov 10D-Wave to Showcase Advanced Hybrid Quantum Technologies at SC25D-Wave Quantum Inc. announced it will showcase advances in hybrid quantum technology at SC25, the international conference for high performance computing (HPC), networking, storage and analysis. D-Wave will highlight quantum-HPC integration, impactful customer use cases, and emerging quantum-AI applications, underscoring the company's leadership in delivering energy-efficient quantum solutions that can drive measurable impact today. Against the backdrop of AI's escalating power consumption and the impact it is having on today's HPC centers, advanced hybrid quantum technologies are emerging as a potential energy-efficient accelerator for AI and HPC workflows.
Reported Earnings • Nov 06Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindThird quarter 2025 results: US$0.41 loss per share (further deteriorated from US$0.11 loss in 3Q 2024). Revenue: US$3.74m (up 100% from 3Q 2024). Net loss: US$140.0m (loss widened US$117.3m from 3Q 2024). Revenue exceeded analyst estimates by 23%. Earnings per share (EPS) missed analyst estimates by 133%. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 123% per year, which means it is well ahead of earnings.
お知らせ • Nov 04D-Wave Advantage2 Quantum Computer Now Available for U.S. Government Applications At Davidson TechnologiesD-Wave Quantum Inc. and Davidson Technologies Inc. announced that D-Wave's Advantage2TM quantum computeris now operational at Davidson Technologies's headquarters in Huntsville, Alabama. The system is expected to address mission-critical U.S. government problems, particularly in national defense, and will eventually run sensitive applications. This launch marks a major milestone in a multi-year agreement and technology collaboration between D-Wave and Davidson to accelerate quantum computing adoption and deployment among U.S. government agencies. D-Wave and Davidson are already exploring quantum use cases in areas such as radar detection, resource deployment, military logistics optimization, materials science, AI and national security. Available for customer use now via D-Wave's LeapTM real-time quantum cloud service, the system housed at Davidson's headquarters is D-Wave's second U.S.-based annealing quantum computer and the first in Alabama. Leading industry voices and Alabama lawmakers affirmed their support for this pivotal moment, highlighting the state's expanding leadership in advanced technology and its growing role in driving innovation within national defense.
お知らせ • Oct 23D-Wave Quantum Inc. to Report Q3, 2025 Results on Nov 06, 2025D-Wave Quantum Inc. announced that they will report Q3, 2025 results Pre-Market on Nov 06, 2025
Recent Insider Transactions • Oct 18President recently sold US$1.4m worth of stockOn the 14th of October, Alan Baratz sold around 31k shares on-market at roughly US$43.74 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.6m. This was Alan's only on-market trade for the last 12 months.
Price Target Changed • Oct 16Price target increased by 18% to US$26.30Up from US$22.20, the current price target is an average from 10 analysts. New target price is 41% below last closing price of US$44.78. Stock is up 4,206% over the past year. The company is forecast to post a net loss per share of US$0.92 next year compared to a net loss per share of US$0.75 last year.
Recent Insider Transactions Derivative • Oct 15President notifies of intention to sell stockAlan Baratz intends to sell 31k shares in the next 90 days after lodging an Intent To Sell Form on the 14th of October. If the sale is conducted around the recent share price of US$43.74, it would amount to US$1.4m. For the year to December 2021, Alan's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Alan's direct individual holding has increased from 1.49m shares to 1.64m. Company insiders have collectively sold US$41m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Sep 14Chief Financial Officer recently sold US$1.6m worth of stockOn the 11th of September, John Markovich sold around 100k shares on-market at roughly US$16.30 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.6m. This was John's only on-market trade for the last 12 months.
Recent Insider Transactions Derivative • Sep 12Chief Financial Officer notifies of intention to sell stockJohn Markovich intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of September. If the sale is conducted around the recent share price of US$16.30, it would amount to US$815k. Since December 2024, John's direct individual holding has increased from 576.39k shares to 786.67k. Company insiders have collectively sold US$38m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • Sep 03D-Wave Quantum Inc. Appoints Stan Black as Chief Information Security OfficerD-Wave Quantum Inc. announced it is expanding its executive team with the appointment of security industry veteran Stan Black as chief information security officer (CISO). At D-Wave, Black will align the company’s security strategy with its corporate business goals, inform product development, and advance artificial intelligence and machine learning governance. Black is a cybersecurity veteran with more than 20 years of experience leading security and compliance strategies at leading public and private technology companies that serve both the public and private sector, including Dell/EMC/RSA/VMware, Citrix, Nuance Communications, and Delinea. A trusted voice in cybersecurity, Black regularly shares his perspectives as a speaker, media contributor, and advisor to industry leaders.
Recent Insider Transactions • Aug 17Executive VP recently sold US$550k worth of stockOn the 13th of August, Diane Nguyen sold around 30k shares on-market at roughly US$18.18 per share. This transaction amounted to 8.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.0m. Insiders have been net sellers, collectively disposing of US$7.1m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • Aug 14Chief Financial Officer notifies of intention to sell stockJohn Markovich intends to sell 300k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of August. If the sale is conducted around the recent share price of US$19.00, it would amount to US$5.7m. Since December 2024, John's direct individual holding has increased from 576.39k shares to 745.92k. Company insiders have collectively sold US$33m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Aug 08Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: US$0.55 loss per share (further deteriorated from US$0.10 loss in 2Q 2024). Revenue: US$3.10m (up 42% from 2Q 2024). Net loss: US$167.3m (loss widened US$149.6m from 2Q 2024). Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates significantly. Revenue is forecast to grow 36% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Aug 05Consensus EPS estimates upgraded to US$0.23 lossThe consensus outlook for fiscal year 2025 has been updated. 2025 losses forecast to reduce from -US$0.253 to -US$0.227 per share. Revenue forecast unchanged from US$24.2m at last update. Software industry in the US expected to see average net income growth of 26% next year. Consensus price target up from US$17.25 to US$19.38. Share price fell 6.4% to US$17.18 over the past week.
お知らせ • Aug 04D-Wave Quantum Inc. Introduces New Developer Tools to Advance Quantum AI Exploration and InnovationD-Wave Quantum Inc. announced that it has released a collection of offerings to help developers explore and advance quantum artificial intelligence (AI) and machine learning (ML) innovation, including an open-source quantum AI toolkit and a demo. Available now for download, the quantum AI toolkit enables developers to seamlessly integrate quantum computers into modern ML architectures. The demo demonstrates how developers can leverage this toolkit to experiment with using D-Wave™? quantum processors to generate simple images, reflecting what D-Wave believes is a pivotal step in the development of quantum AI capabilities. By releasing this new set of tools, D-Wave aims to help organizations accelerate the use of annealing quantum computers in a growing set of AI applications. The quantum AI toolkit, part of D-Wave's Ocean™? software suite, provides direct integration between D-Wave's quantum computers and PyTorch, a production-grade ML framework widely used to build and train deep learning models. The toolkit includes a PyTorch neural network module for using a quantum computer to build and train ML models known as a restricted Boltzmann machine (RBM). Used to learn patterns and connections from complex data sets, RBMs are employed for generative AI tasks such as image recognition and drug discovery. Training RBMs with large datasets can be a computationally complex and time-consuming task that could be well-suited for a quantum computer. By integrating with PyTorch, D-Wave's new toolkit aims to make it easy for developers to experiment with quantum computing to address computational challenges in training AI models. Turning Quantum AI Potential into Real-World Value: D-Wave continues to advance its quantum AI product roadmap, delivering new solutions to customers while expanding development efforts. The company is working with a growing number of customers on exploratory quantum AI projects including: Japan Tobacco Inc.: D-Wave has completed a joint proof-of-concept project with the pharmaceutical division of Japan Tobacco Inc. (JT) that used D-Wave's quantum computing technology and AI in the drug discovery process. The quantum proof-of-concept outperformed classical methods for AI model training in drug discovery. Julich Supercomputing Centre at Forschungszentrum Julich: Researchers used D-Wave's quantum technology to develop a ML tool that predicts protein-DNA binding with greater accuracy than traditional methods using classical computers. The team integrated quantum computing with support vector machines to achieve improved results in various metrics, significantly enhancing classification performance. TRIUMF: Canada's particle accelerator center and its partner institutions recently published a paper in npj Quantum Information showing significant speedups using D-Wave's quantum computers over classical approaches for simulating high-energy particle-calorimeter interactions--pot potentially leading to major efficiencies where the AI model is used to create synthetic data. Organizations looking to explore the integration of quantum computing into AI workloads can apply to the Leap Quantum LaunchPad™? program. Kevin Chern, Senior Benchmarking Researcher at D-Wave, will showcase the toolkit and demo during his presentation titled "An Introduction to Quantum Annealers in Optimization and Machine Learning," at The AI Research Summit at Ai4 2025, on August 13, 2025 from 11:05 a.m. to 11:25 a.m. PT.
Price Target Changed • Jul 30Price target increased by 13% to US$18.67Up from US$16.57, the current price target is an average from 9 analysts. New target price is 9.4% above last closing price of US$17.06. Stock is up 1,606% over the past year. The company is forecast to post a net loss per share of US$0.24 next year compared to a net loss per share of US$0.75 last year.
お知らせ • Jul 30D-Wave Quantum Announces Strategic Development Initiative for Advanced Cryogenic PackagingD-Wave Quantum Inc. announced a new strategic development initiative focused on advanced cryogenic packaging. Designed to advance and scale both gate model and annealing quantum processor development, the initiative builds on D-Wave's technology leadership in superconducting cryogenic packaging and will expand the company's multichip packaging capabilities, equipment, and processes. By bolstering its manufacturing efforts with technology, D-Wave aims to accelerate its cross-platform technology development efforts while maintaining and expanding fundamental components of its supply chain. As part of this initiative, D-Wave is leveraging deep expertise and processes at the NASA Jet Propulsion Laboratory ("JPL"), a research and development lab federally funded by NASA and managed by Caltech. Harnessing JPL's superconducting bump-bond process, D-Wave has demonstrated end-to-end superconducting interconnect between chips, work that D-Wave expects will serve as an important foundation for scaling both D-Wave's annealing architectures and its fluxonium-based gate-model architectures. D-Wave believes that superconducting bump bonds will be key to the scalable control of fluxonium and to interconnectivity in multichip quantum processor architectures. D-Wave is also acquiring equipment and developing processes with a goal to increase circuit densities in its pioneering superconducting printed-circuit-board ("PCB") manufacturing, required for both scaling to larger processors and supporting analog-digital quantum computing technology. Packaging quantum processors involves unique and demanding requirements, including: compatibility with ultra-low temperature operation, extremely low magnetic fields, and fully superconducting interconnects with no interruptions in superconductivity all the way from on-chip circuitry through to external control wiring. D-Wave's differentiated solution encompasses cryogenic compatible mechanical and electromagnetic design, regularly achieves lower qubit temperatures than most in the industry, and supports coherence times that meet the requirements for error-corrected gate-model quantum computing technology.
お知らせ • Jul 24D-Wave Quantum Inc. to Report Q2, 2025 Results on Aug 07, 2025D-Wave Quantum Inc. announced that they will report Q2, 2025 results Pre-Market on Aug 07, 2025
お知らせ • Jul 02D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $400 million.D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $400 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
お知らせ • Jun 30+ 9 more updatesD-Wave Quantum Inc.(NYSE:QBTS) dropped from Russell 3000E Growth IndexD-Wave Quantum Inc.(NYSE:QBTS) dropped from Russell 3000E Growth Index
Recent Insider Transactions • Jun 19Independent Director recently sold US$1.8m worth of stockOn the 12th of June, Roger Biscay sold around 107k shares on-market at roughly US$16.85 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth US$2.0m. Insiders have been net sellers, collectively disposing of US$6.6m more than they bought in the last 12 months.
お知らせ • Jun 11D-Wave Quantum Inc. has filed a Follow-on Equity Offering in the amount of $400 million.D-Wave Quantum Inc. has filed a Follow-on Equity Offering in the amount of $400 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
Recent Insider Transactions • May 25Independent Director recently sold US$2.0m worth of stockOn the 22nd of May, Roger Biscay sold around 112k shares on-market at roughly US$17.68 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.1m more than they bought in the last 12 months.
Recent Insider Transactions Derivative • May 25President exercised options and sold US$14m worth of stockOn the 21st of May, Alan Baratz exercised 846k options at a strike price of around US$0.91 and sold these shares for an average price of US$17.00 per share. This trade did not impact their existing holding. For the year to December 2021, Alan's total compensation was 33% salary and 67% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since September 2024, Alan's direct individual holding has increased from 946.02k shares to 1.60m. Company insiders have collectively sold US$14m more than they bought, via options and on-market transactions in the last 12 months.
お知らせ • May 20D-Wave Announces General Availability of Advantage2 Quantum Computer, Its Most Advanced and Performant SystemD-Wave Quantum Inc. announced the general availability of its Advantage2TM quantum computing system, a powerful and energy-efficient annealing quantum computer capable of solving nationally complex problems beyond the reach of classical computers. Featuring D-Wave's most advanced quantum processor to date, the Advantage2 system is commercial-grade, and built to address real-world use cases in areas such as optimization, materials simulation and artificial intelligence (AI). Customers can now access the Advantage2 system via D-Wave's LeapTM real-time quantum cloud service, which is available in more than 40 countries and offers 99.9% availability and uptime, sub-second response times and SOC 2 Type 2 compliance to meet enterprise needs and security requirements. For hyperscalers and supercomputing centers that want to integrate quantum computing into their infrastructure, the Advantage2 system is also available to purchase for on-premises ownership. Designed to tackle highly complex computational problems and facilitate quantum and hybrid-quantum applications for production deployment, the Advantage2 system's key benefits include: Increased qubit connectivity: The Advantage2 processor features the Zephyr™? topology with 20-way connectivity, which enables embedding of more complex problems. Higher energy scale and lower noise: The Advantage2 system offers a 40% increase in energy scale and a 75% reduction in noise, which contributes to higher-quality solutions for complex calculations. Greater coherence: A twofold increase in coherence allows the Advantage2 quantum processor to achieve faster time-to-s solution. Hybrid solver integration: Now integrated with the full Advantage2 system, the hybrid solvers in the Leap quantum cloud service--including the powerful nonlinear hybrid solver--support up to two million variables and constraints, allowing businesses to run large-scale, business-critical applications in production. Organizations regularly face the limitations of legacy computing solutions, leading to a growing demand for D-Wave's annealing quantum computing technology to tackle hard problems such as optimizing mobile networks, creating more efficient workforce scheduling, and streamlining automotive manufacturing processes. More than 20.6 million customer problems have been run on the Advantage2 prototypes available in the Leap cloud service since June 2022, with customer use up 134% in the last six months. An Advantage2 prototype was used by Japan Tobacco in a proof-of-concept project that utilized quantum computing and AI in the drug discovery process, and the Julich Supercomputing Center and Los Alamos National Laboratory have used the prototypes to advance their research. Beginning May 20, 2025, a full-scale generally available Advantage2 system is accessible in the Leap quantum cloud service for all D-Wave customers. In addition, D-Wave continues to expand its fleet of annealing quantum computers hosted around the world. The forthcoming Advantage2 system hosted on-premises at Davidson Technologies is intended to serve as a focal point for national security-focused quantum research. Also, the system currently located at the Julich Supercomputing Centre (JSC) at Forschungszentrum Julich (FZJ) will be upgraded to an Advantage2 system and is expected to connect with the JUPITER supercomputer, Europe's first and only exascale HPC, to facilitate breakthroughs in artificial intelligence and quantum optimization applications. Learn more and begin using the D-Wave Advantage2 quantum computer here here.
Reported Earnings • May 09First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: US$0.019 loss per share (improved from US$0.11 loss in 1Q 2024). Revenue: US$15.0m (up US$12.5m from 1Q 2024). Net loss: US$5.42m (loss narrowed 69% from 1Q 2024). Revenue exceeded analyst estimates by 43%. Earnings per share (EPS) also surpassed analyst estimates by 62%. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
Price Target Changed • May 09Price target increased by 10% to US$10.58Up from US$9.58, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of US$10.42. Stock is up 695% over the past year. The company is forecast to post a net loss per share of US$0.28 next year compared to a net loss per share of US$0.75 last year.
Seeking Alpha • Apr 27D-Wave Quantum: A Speculative Bet On The Quantum WaveSummary Investing in D-Wave Quantum Inc. (QBTS) requires belief in quantum computing's potential and a long-term outlook due to high volatility and speculations. Quantum computing is in its early stages, akin to investing in the 1990s internet infrastructure, with significant risks and potential for transformative impact across industries. QBTS stands out with its quantum annealing tech, but faces competition and risks from evolving gate-based quantum algorithms and high speculative valuation. Consider QBTS as a speculative bet with potential; better to wait for price corrections around earnings for a more favorable entry point. Read the full article on Seeking Alpha
お知らせ • Apr 24+ 1 more updateD-Wave Quantum Inc., Annual General Meeting, Jun 05, 2025D-Wave Quantum Inc., Annual General Meeting, Jun 05, 2025.
お知らせ • Mar 31+ 1 more updateJapan Tobacco and D-Wave Announce Quantum Proof-of-Concept Outperforms Classical Results for LLM Training in Drug DiscoveryD-Wave Quantum Inc. and Ford Otosan announced that the vehicle manufacturer has deployed a hybrid-quantum application in production, streamlining manufacturing processes for its Ford Transit line of vehicles. The application, which uses D-Wave's annealing quantum computing technology, has improved vehicle production sequencing at Ford Otosan, a powerful demonstration of quantum computing's real-world impact in automotive manufacturing. Ford Otosan is the global leading manufacturer of Ford Transit line of vehicles, including passenger vans, which are among the most customizable commercial vehicles available, with more than 1,500 variants in production. This model variability presents manufacturing efficiency challenges because producing identical products consistently is significantly more productive than frequently adjusting for custom specifications. Sequencing these vehicles is a highly constrained optimization problem, as it requires maximizing throughput and adhering to physical and workforce constraints of the body shop, paint shop, and assembly line. Ford Otosan collaborated with D-Wave to simplify elements of its manufacturing processes, including the optimization of its production sequencing. By leveraging D-Wave's hybrid solvers available through the Leap™? quantum cloud service, Ford Otosan reduced the scheduling time of 1,000 vehicles per run from 30 minutes to less than five. Moreover, D-Wave's annealed quantum computing solution offered more flexibility for the manufacturer to adapt to changes in demand or auto part availability, maintaining productivity without disruption. By reducing workload imbalances, Ford Otosan aims to minimize the frequency of unplanned maintenance, ensuring a more stable production process. Optimizing longer schedules can also help mitigate supplier uncertainties and reduce supply delays. As a result, Ford Otosan anticipates increasing peak production throughput of vehicles per hour, effectively reclaiming lost manufacturing time and achieving efficiencies not possible through classical computing alone. Ford Otosan also plans to activate quantum scheduling in additional body shops and extend its optimization benefits to other processes, including its paint shops, assembly lines, and buffer zones.
Seeking Alpha • Mar 25D-Wave: Too Complex, Too Uncertain, Just AvoidSummary D-Wave Quantum's recent breakthrough in annealing quantum computing led to a 27% stock price jump, but I recommend selling due to high risks and uncertain profitability. The company's valuation is extremely high, with a price-to-sales ratio of 182, not suitable for investment. Technological breakthroughs, research funding, and industry growth are potential risks to my bearish thesis, but I assign a low probability to D-Wave's success. Read the full article on Seeking Alpha
お知らせ • Mar 20D-Wave Introduces Quantum Blockchain Architecture, Featuring Enhanced Security and Efficiency over Classical ComputingD-Wave Quantum Inc. announced that it has published a new research paper introducing a novel blockchain architecture that uses techniques from its quantum supremacy demonstration. By adding quantum to traditional blockchain computation, the new architecture could enhance blockchain security and efficiency. As part of this research, D-Wave scientists deployed the blockchain architecture across four of its cloud-based annealing quantum computers in Canada and the United States, performing distributed quantum computing for the first time. An illustration from a new research paper published by D-Wave introducing a novel blockchain architecture that leverages the company's quantum supremacy achievement. The illustration depicts how a "proof of quantum" algorithm developed by D-Wave uses quantum computation to generate and validate blockchain hashes. The new research paper, "Blockchain with Proof of Quantum Work," highlights how D-Wave built and tested a "proof of quantum" algorithms that uses quantum computation to generate and validation blockchain hashes. Classical computers currently used for hashing and proof of work consume significant amounts of electricity. Each year, the power consumption of Bitcoin alone-- just one application of blockchain-- is estimated to be comparable to the power consumption of the entire country of Poland. D-Wave's research indicates that using quantum computation for hashing and proof of work could require a fraction of the electricity used by classical resources alone and potentially reduce electricity costs by up to a factor of 1,000. The paper introduces a new quantum-powered method to securely and efficiently create hashes by mapping classical functions to the complex programmable spin glasses simulated in D-Wave's recent supremacy demonstration. The proof of quantum algorithm presented in the paper is designed to incorporate hashes generated by a quantum computer, excluding classical computation from the process and adding an enhanced layer of security. Initially developed to enable cryptocurrencies such as Bitcoin, blockchain technology has a diverse range of applications across supply chain management, healthcare, identity verification, and decentralized finance. The D-Wave™? annealing quantum computers used in the Company's recent quantum supremacy demonstration and this new blockchain research are available for customers to use via D-Wave's Leap™? real-time quantum cloud service. D-Wave plans to continue to drive the development of this capability and work with partners to bring to market products based on this new blockchain architecture.
Seeking Alpha • Mar 17D-Wave Quantum: A Hot Stock, But I'll PassSummary I love the idea of quantum computing space, but D-Wave Quantum Inc.’s revenue visibility is too uncertain for my investment style. Paying 75x forward sales is a tough pill to swallow, especially when growth isn’t guaranteed. While D-Wave has a strong cash position, I question the sustainability of its recent momentum. I’ll be watching QBTS stock from the sidelines but need more consistent growth before jumping in. Read the full article on Seeking Alpha
Price Target Changed • Mar 14Price target increased by 18% to US$9.08Up from US$7.67, the current price target is an average from 6 analysts. New target price is 31% above last closing price of US$6.91. Stock is up 235% over the past year. The company is forecast to post a net loss per share of US$0.35 next year compared to a net loss per share of US$0.75 last year.
Reported Earnings • Mar 13Full year 2024 earnings: EPS misses analyst expectationsFull year 2024 results: US$0.75 loss per share (further deteriorated from US$0.60 loss in FY 2023). Net loss: US$143.9m (loss widened 74% from FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 84%. Revenue is forecast to grow 38% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Mar 13D-Wave Quantum Inc. First to Demonstrate Quantum Supremacy on Useful, Real-World ProblemD-Wave Quantum Inc. announced a scientific breakthrough published in the esteemed journal Science, confirming that its annealing quantum computer outperformed one of the world's most powerful classical supercomputers in solving complex magnetic materials simulation problems with relevance to materials discovery. The new landmark peer-reviewed paper, "Beyond-Classical Computation in Quantum Simulation," validates this achievement as the world's first and only demonstration of quantum computational supremacy on a useful problem. A close-up look at D-Wave's Advantage2 annealing quantum computer prototype. Since February 2024, D-Wave customers have run nearly 9.5 million problems on the Advantage2 annealing quantum computers prototype. Realizing an Industry-First Quantum Computing Milestone The behavior of materials is governed by the laws of quantum physics. Understanding the quantum nature of magnetic materials is crucial to finding new ways to use them for technological advancement, making materials simulation and discovery a vital area of research for D-Wave and the broader scientific community. Magnetic materials simulations, like those conducted in this work, use computer models to study how tiny particles not visible to the human eye react to external factors. Magnetic materials are widely used in medical imaging, electronics, superconductors, electrical networks, sensors, and motors. Materials discovery is a computationally complex, energy-intensive and expensive task. Today's supercomputers and high-performance computing (HPC) centers, which are built with tens of thousands of GPUs, do not always have the computational processing power to conduct complex materials simulations in a timely or energy-efficient manner. For decades, scientists have aspired to build a quantum computer capable of solving complex materials simulation problems beyond the reach of classical computers. D-Wave's advancements in quantum hardware have made it possible for its annealing quantum computers to process these types of problems for the first time. The results shown in "Beyond-Classical Computations" were enabled by D-Wave's previous scientific milestones published in Nature Physics (2022) and Nature (2023), which theoretically and experimentally showed that quantum annealing provides a quantum speedup in complex optimization problems. These scientific advancements led to the development of the Advantage2 prototype's fast anneal feature, which played a a a critical part of the world's first first and only demonstration of quantum computing systems, software, and services. The results shown in " Beyond-Classical Computation in quantum Simulation" were enabled by D- Wave's previous scientific milestones published in nature Physics (2022) and nature (2023, which theoretically and experiments showed that quantum anneal provides a quantum speed up in complex optimization problems. These Scientific advancements led to the development of The Advantage2 prototype's fast ananeal feature, which played a unique unique unique unique unique unique unique technology.
Seeking Alpha • Mar 10D-Wave: I No Longer See An Asymmetric Risk/Reward BetSummary I believe D-Wave thrived in a bull market, but the current macro environment no longer supports high-risk, high-beta plays. I believe D-Wave's stock moves more on external factors than on company achievements, as seen in weak reactions to major announcements like the first-ever HPC customer. I see paying 9.5x book value for a cash-burning company with $178M in reserves as unsustainable, especially in a tightening market. This year, I foresee a shift from speculative tech stocks to consumer defensives as inflation concerns and GDP slowdown reshape investor priorities. Given D-Wave’s 4.1 beta and broader market trends, I anticipate a significant decline, potentially into the $2–$3 range, before it finds a bottom. Read the full article on Seeking Alpha
お知らせ • Feb 27D-Wave Quantum Inc. to Report Q4, 2024 Results on Mar 13, 2025D-Wave Quantum Inc. announced that they will report Q4, 2024 results Pre-Market on Mar 13, 2025
Seeking Alpha • Feb 24D-Wave Quantum: Another Rally To SellSummary D-Wave Quantum's stock has soared recently, but the business prospects haven't improved proportionally, leading to a bearish investment thesis. Despite having advanced quantum technology, D-Wave faces stiff competition from tech giants like Microsoft, limiting its market potential and revenue growth. The company raised significant cash through ATM offerings, but it remains far from achieving meaningful revenues, with 2025 estimates at just $16 million. Investors should consider cashing out during the rally, as D-Wave's high valuation and competition risk make it a less attractive long-term investment. Read the full article on Seeking Alpha
お知らせ • Feb 13D-Wave Announces On-Premises Systems Offering to Push Boundaries of Quantum-Fueled Research and Advance Quantum + AI DevelopmentD-Wave Quantum Inc. announced that it is enabling research centers, academic institutions, and governments to purchase on-premises D-Wave™ Advantage™ quantum computing systems to help customers push the boundaries of quantum-fueled experimentation, development and usage. Supported by today’s announcement that Forschungszentrum Jülich (FZJ) is the first high-performance computing (HPC) center in the world to purchase a D-Wave Advantage quantum system, D-Wave expects the new systems offering to drive advanced research and new discoveries in areas such as artificial intelligence (AI) and quantum simulation. Customers have the ability to purchase on-premises D-Wave Advantage systems, the world’s largest annealing quantum computers with more than 5,000 qubits and 15-way connectivity. With tailored pricing to meet the unique requirements of each customer, the new offering includes shipping, installation, calibration and ongoing maintenance of the system to ensure optimal performance as well as assistance in setting up local hybrid quantum solvers. On-premises installation and system ownership provide customers the ability to tightly integrate with existing classical and HPC systems, leverage and tune system parameters, and take advantage of new system innovations, such as advanced analog-digital features, as they are developed. D-Wave vice president of infrastructure, Irwan Owen, is leading the systems go-to-market effort. The Company also announced the new “Quantum Uplift” program to address the growing number of customers expressing disappointment with competitor quantum systems that are incapable of solving problems of practical value and lack reliable uptime and availability. The Quantum Uplift program offers incentives toward the purchase of a D-Wave Advantage system for any organization that is dissatisfied with their current quantum computer. D-Wave’s quantum computers are highly performant, reliable and available, helping customers solve complex problems that are beyond the reach of classical computers. More than 100 organizations trust D-Wave with their toughest computational challenges, providing them with the opportunity to realize the value of quantum computing today. Organizations are increasingly looking to quantum computers to accelerate research, bolster national security and global competitiveness, and explore how the technology can address challenges resulting from AI's escalating power consumption. In fact, a study conducted by Hyperion Research reported that the increased focus on AI and compute-intensive technology is generating demand for on-premises quantum computers, particularly in HPC environments. Nearly 20% of respondents said that they prioritize the control, security, and immediacy provided by on-site quantum computing infrastructure. Modern HPC environments are built with tens of thousands of graphics processing units (GPUs) working together simultaneously to perform calculations. While the GPU excels at executing AI tasks such as data mining, pattern matching, and predictions, the quantum processing unit (QPU), used in quantum computers, brings unique strengths in solving complex problems that can enhance AI capabilities and drive compute efficiencies while helping reduce power consumption.
お知らせ • Jan 23D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $150 million.D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $150 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
Seeking Alpha • Jan 22D-Wave Quantum: Large TAM And First-Mover AdvantageSummary D-Wave Quantum, the first commercial quantum computing company, serves over 130 clients, including major firms like Mastercard and Lockheed Martin, with strong growth momentum. The company has a large and rapidly growing TAM, with significant potential in quantum hardware, software, and services, driven by its full stack offerings. Despite recent stock volatility due to comments from NVIDIA and Meta CEOs, QBTS CEO asserts the company is commercially ahead of competitors. Given the high volatility, I recommend a Hold rating on QBTS, awaiting more clarity on the commercialization roadmap before making a buying decision. Read the full article on Seeking Alpha
Price Target Changed • Jan 17Price target increased by 14% to US$6.29Up from US$5.54, the current price target is an average from 6 analysts. New target price is 19% above last closing price of US$5.27. Stock is up 669% over the past year. The company is forecast to post a net loss per share of US$0.42 next year compared to a net loss per share of US$0.60 last year.
New Risk • Jan 16New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 40% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (36% average weekly change). Negative equity (-US$17m). Shareholders have been substantially diluted in the past year (40% increase in shares outstanding). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$64m net loss in 3 years).
Seeking Alpha • Jan 14D-Wave: The Only Quantum Computing Company For A DecadeSummary D-Wave has a significant first-mover advantage with commercially useful quantum annealing technology, unlike competitors who are decades away from viable quantum gate computers. A Recent capital raise at a higher share price reduced forecast dilution, and changes to its business model, including premium pricing, improve the margin outlook. D-Wave's sale of its first quantum computer and record bookings suggest it will exceed revenue forecasts, perhaps doubling medium-term revenue targets. Despite market volatility, D-Wave's unique position and growing commercial traction make it a strong buy, poised to outperform other quantum computing stocks. Read the full article on Seeking Alpha
Seeking Alpha • Jan 04D-Wave Quantum Stock Is Trading Above Its Fundamental Worth, But It's Too Risky To Bet Against ItSummary D-Wave has a notorious track record of missing revenue expectations. Its revenues are also declining YoY. The company is unprofitable and cash-burning, but has ample liquidity for 2–3 years due to a recent $175 million equity raise. D-Wave is trading at high valuations in an overhyped sector. At a 157x 1-yr forward P/Revenues, I can't make a good argument for being bullish, especially considering weak revenue progress. D-Wave is seeing strong technical bullish action on the monthly charts, and it is risky to go against such momentum. I am keeping an eye on the growing short interest levels, as that may increase the chances of a final short squeeze before an eventual reversal. Read the full article on Seeking Alpha
Seeking Alpha • Dec 28Quantum Could Be 2025's Buzzword, But I Think D-Wave Quantum Is Dangerously PoisedSummary Quantum computing, leveraging qubits and superposition, promises significant advancements in optimization, drug discovery, financial modeling, and cryptography, despite current challenges in error rates and scalability. D-Wave Quantum, specializing in quantum annealing, offers a cloud-based service called Leap, attracting partnerships with major data operators despite being far from profitability. The company's share price surged in 2024, creating a gap between valuation and fundamentals, with a high price-to-sales ratio indicating speculative investment risks. Investors should exercise caution, as valuation metrics suggest shares could be significantly overvalued, emphasizing the need for thorough research and awareness of potential market corrections. Read the full article on Seeking Alpha
Seeking Alpha • Dec 16D-Wave Quantum: Not Chasing This Rally Based Solely On HopeSummary Quantum computing, while promising, is far from commercially viable; companies like D-Wave Quantum Inc. face significant financial challenges and high error rates in current technology. D-Wave Quantum's financials show minimal revenue growth, substantial operating losses, and continuous shareholder dilution, making it a risky investment. The recent hype around quantum computing stocks, driven by legislative support and advancements from major tech firms, has inflated valuations without fundamental operational shifts. The long-term viability of quantum computing companies depends on overcoming scalability issues and securing substantial funding, with big tech likely leading future advancements. Read the full article on Seeking Alpha
Price Target Changed • Dec 12Price target increased by 28% to US$3.63Up from US$2.83, the current price target is an average from 6 analysts. New target price is 7.3% below last closing price of US$3.91. Stock is up 283% over the past year. The company is forecast to post a net loss per share of US$0.42 next year compared to a net loss per share of US$0.60 last year.
お知らせ • Dec 12+ 1 more updateD-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $74.999998 million.D-Wave Quantum Inc. has completed a Follow-on Equity Offering in the amount of $74.999998 million. Security Name: Common Stock Security Type: Common Stock Securities Offered: 15,576,647 Price\Range: $4.8149 Discount Per Security: $0.144447 Transaction Features: At the Market Offering
お知らせ • Dec 10D-Wave Quantum Inc. has filed a Follow-on Equity Offering in the amount of $75 million.D-Wave Quantum Inc. has filed a Follow-on Equity Offering in the amount of $75 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
お知らせ • Dec 03D-Wave Quantum Inc. to Showcase Real-World Quantum Computing Applications in Action At Second B24 Silicon ValleyD-Wave Quantum Inc. announced it will highlight the transformative power of quantum optimization and its impact on today's businesses at second quarter of 2024. Murray Thom, D-Wave vice president of quantum technology evangelism and featured speaker at the event, will discuss the evolution of quantum applications moving from proof of concept to production deployment. Uniquely aligned with Q2B24 Silicon Valley's theme of "The Roadmap to Quantum Value," Thom will highlight the measurable impact that D-Wave's annealing quantum computing solutions are creating for customers, including: An 80% reduction in the effort needed to create retail workforce schedules at Pattison Food Group, the largest purveyor of food and healthcare products in western Canada. An 83% reduction in the time needed to create manufacturing production schedules at Ford Otosan, a joint venture between Ford Motor Company and Koc Holding, an industrial conglomerate in Turkey. A 15% improvement in the utilization of mobile network resources at NTT Docomo, Japan's mobile phone operator.
Seeking Alpha • Nov 27Why I'm Doubling Down On D-Wave Quantum During This PullbackSummary I believe D-Wave’s Leap platform stands out in quantum computing as a service, offering a reliable quantum annealing system actively used by big industry players. The integration of the Advantage2 processor in the Leap platform and the National Quantum Initiative Act reauthorization are two catalysts that could drive a significant increase in the share price. The 41% YoY growth in QCaaS revenue reflects a transition to stable, subscription-based income, with major clients like Lockheed Martin and Mastercard. Risks include a cash runway of six months, ongoing dilution risks, and the potential for a pullback below $2 before the catalysts materialize. While the stock faces short-term risks, I maintain a strong buy rating, betting on the narrative-driven growth of quantum computing. Read the full article on Seeking Alpha
お知らせ • Nov 26D-Wave Quantum Inc. Appoints Sharon Holt to Its Board of DirectorsD-Wave Quantum Inc. announced the appointment of Sharon Holt to its board of directors. The appointment comes on the heels of the October 2024 additions of John DiLullo and Rohit Ghai to the D-Wave board, as the company continues to usher in the era of commercial quantum computing. Holt is a seasoned technology executive, investor, and board director with extensive global industry experience in semiconductors, embedded technologies, and intellectual property. Her executive roles have spanned business unit leadership, P&L ownership, business development, sales, marketing and engineering. Holt has served as a principal at Fraser Stuart Ventures, LLC, a private investment and advisory firm since 2016. Prior to that, she served as senior vice president and general manager of the semiconductor business group at Rambus Inc., a leading technology development and licensing company. Prior to Rambus, Holt held executive roles at Agilent Technologies and HP. She serves on the board of directors of Infinera Corp., a publicly traded leading supplier of intelligent transport network solutions, and previously served as chairman of the board of directors of Immersion Corporation, a publicly traded developer of haptics technology for cell phones and other devices.
Major Estimate Revision • Nov 21Consensus revenue estimates decrease by 13%The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$10.1m to US$8.76m. EPS estimate reaffirmed at -US$0.423 per share. Software industry in the US expected to see average net income growth of 18% next year. Consensus price target up from US$2.29 to US$2.83. Share price rose 5.3% to US$1.97 over the past week.
Seeking Alpha • Nov 19The Trump-Musk Effect: Can D-Wave Quantum Sustain Its Meteoric Rise Amid Financial Turmoil?Summary D-Wave Quantum has experienced significant volatility, driven by the "Trump-Elon trade" hype, but financial struggles persist, warranting a Consensus Hold rating. The Trump-Elon effect has fueled speculative momentum in quantum computing stocks, with D-Wave gaining 64.4% amid political and investor excitement. Despite operational achievements and strategic partnerships, D-Wave's Q3 earnings reveal mounting losses, declining revenue, and significant financial distress. Investors should approach D-Wave cautiously, balancing speculative potential with the company's fundamental weaknesses and meme-stock tendencies. Read the full article on Seeking Alpha
New Risk • Nov 18New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$61m free cash flow). Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-US$17m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$74m net loss in 3 years). Shareholders have been diluted in the past year (40% increase in shares outstanding).
Reported Earnings • Nov 15Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: US$0.11 loss per share. Revenue: US$1.87m (down 27% from 3Q 2023). Net loss: US$22.7m (loss widened 41% from 3Q 2023). Revenue missed analyst estimates by 27%. Earnings per share (EPS) also missed analyst estimates by 4.8%. Revenue is forecast to grow 51% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.
お知らせ • Nov 15D-Wave Quantum Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024D-Wave Quantum Inc. provided earnings guidance for the fourth quarter of fiscal year 2024. For the period, Company expects Revenue to improve over the third quarter Revenue.
New Risk • Nov 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$60m free cash flow). Negative equity (-US$22m). Earnings are forecast to decline by an average of 1.1% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$71m net loss in 3 years). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (26% increase in shares outstanding).
お知らせ • Nov 05D-Wave Regains Compliance with NYSE Continued Listing StandardsD-Wave Quantum Inc. announced it has regained compliance with the New York Stock Exchange (“NYSE”) continued listing standard for minimum share price under Section 802.01C of the NYSE Listed Company Manual. On November 1, 2024, the NYSE provided D-Wave with a notification letter of re compliance based on a calculation of the Company’s average closing share price for the 30 trading days ended October 31, 2024, which reflected an average closing share price above the NYSE’s $1.00 minimum requirement. D-Wave will continue to be traded on the NYSE, subject to its continued compliance with all applicable listing standards.
お知らせ • Nov 01D-Wave Quantum Inc. to Report Q3, 2024 Results on Nov 14, 2024D-Wave Quantum Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 14, 2024
お知らせ • Oct 30D-Wave Quantum Inc. Appoints John Dilullo and Rohit Ghai to its Board of DirectorsD-Wave Quantum Inc. announced the appointments of veteran technology industry leaders, John DiLullo and Rohit Ghai, to its board of directors. The new board members join at a key time for the company, as it executes an aggressive go-to-market strategy designed to rapidly accelerate the adoption of its annealing quantum computing solutions across global businesses, research institutions and government agencies. John DiLullo currently serves as chief executive officer at Deepwatch. With a track record spanning more than 30 years in technology, including more than 15 years in networking and cybersecurity, DiLullo brings leadership expertise in growth and profitability transformation. A long-time customer advocate, DiLullo is focused on improving a customer’s technology adoption experience, championing customer success and ROI, and embracing specialized routes to market for significant growth. Prior to his role at Deepwatch, DiLullo held CEO positions at LiveVox and Lastline Security, as well as senior executive level positions with F5 Networks, HP/Aruba Networks, Cisco Systems, and Sonicwall. Rohit Ghai is currently the chief executive officer of RSA. Ghai has experience in both startups and large enterprises, with expertise in digital transformation in highly regulated markets and knowledge across software, systems and security. Ghai was president of RSA during its tenure as a Dell Technologies business. Prior to that, he served as president of Dell EMC’s Enterprise Content Division and held senior engineering and management roles at Symantec, Computer Associates and Cheyenne Software.
Seeking Alpha • Oct 30D-Wave: Buying Before EarningsSummary Recent developments show D-Wave's quantum annealing technology is gaining commercial traction, solving complex problems beyond classical computers' capabilities, making it significantly undervalued. The Company's quantum annealer has proven quantum supremacy and commercial viability, with increasing use cases in industries like telecommunications and AI model training. Despite financial challenges and the need for substantial capital, QBTS's first-mover advantage and reliable management team justify a Strong Buy rating. The upcoming earnings call will be crucial to monitor sales growth, customer conversion, and technical progress, particularly the launch of the 4,800-qubit Advantage2 processor. Read the full article on Seeking Alpha
お知らせ • Oct 05D-Wave Quantum Receives Notice of Non-Compliance with NYSE Trading Share Price Listing RuleD-Wave Quantum Inc. (the ‘Company’) announced that it received notice from the New York Stock Exchange (the ‘NYSE’) on October 2, 2024 that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because, as of October 2, 2024, the average closing price of the Company’s common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company’s common stock from the NYSE. On October 4, 2024, the Company notified the NYSE that it intends to cure the stock price deficiency and to return to compliance with the NYSE continued listing standard. The Company can regain compliance at any time within the six-month period following receipt of the NYSE notice if on the last trading day of any calendar month during the cure period the Company has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. Under the NYSE’s rules, if the Company determines that, if necessary, it will cure the stock price deficiency by taking an action that will require stockholder approval, it must so inform the NYSE in the above referenced notification and the price condition will be deemed cured if the price promptly exceeds $1.00 per share, and the price remains above that level for at least the following 30 trading days. The Company intends to consider available alternatives, including but not limited to a reverse stock split, that are subject to shareholder approval. The Company’s common stock will continue to be listed and trade on the NYSE during this period, subject to the Company’s compliance with other NYSE continued listing standards.
