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D-Wave Quantum Inc. Stock Price

NasdaqGS:QBTS Community·US$7.2b Market Cap
  • 4 Narratives written by author
  • 1 Comments on narratives written by author
  • 557 Fair Values set on narratives written by author

QBTS Share Price Performance

US$0
-18.35 (-100.00%)
US$40.65
Fair Value
US$0
-18.35 (-100.00%)
Price US$0

QBTS Community Narratives

Fair Value
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Fair Value US$40.65 56.6% undervalued intrinsic discount

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

2users have liked this narrative
0users have commented on this narrative
30users have followed this narrative
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Fair Value US$45 60.8% undervalued intrinsic discount

Quantum Annealing Adoption And System Deployments Will Transform Long Term Prospects

2users have liked this narrative
0users have commented on this narrative
14users have followed this narrative
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Fair Value US$36.84 52.1% undervalued intrinsic discount

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

1users have liked this narrative
0users have commented on this narrative
60users have followed this narrative

Trending Discussion

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Updated Narratives

QBTS logo

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

Fair Value: US$40.65 56.6% undervalued intrinsic discount
30 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
QBTS logo

QBTS: Government Support And AT&T Expansion Will Drive Future Quantum Adoption

Fair Value: US$25.09 29.7% undervalued intrinsic discount
10 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
QBTS logo

QBTS: Government Quantum Initiatives Will Support Dual Platform Roadmap Execution

Fair Value: US$45 60.8% undervalued intrinsic discount
14 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative

Snowflake Analysis

Flawless balance sheet with slight risk.

4 Risks
1 Reward

D-Wave Quantum Inc. Key Details

US$12.4m

Revenue

US$4.2m

Cost of Revenue

US$8.2m

Gross Profit

US$376.2m

Other Expenses

-US$368.0m

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
Aug 06, 2026
-0.99
66.27%
-2,957.23%
3.2%
View Full Analysis

About QBTS

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

D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company’s server. The company also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.

Recent QBTS News & Updates

Seeking Alpha Jul 27

D-Wave Quantum: A Lagging Roadmap And Overvalued Stock

Summary D-Wave Quantum Inc. remains overvalued, with revenue lagging peers and a delayed technology roadmap. QBTS faces heightened risk from reliance on SkyWater, now subject to IonQ's acquisition, potentially deprioritizing D-Wave's annealing program. Despite a strong cash position ($588M), QBTS's projected 2026 revenue of $35M implies a lofty 171x P/S multiple, well above competitors. I assign a fair value of $9.5 per share—implying 40% downside—given weak sales momentum and inferior strategic positioning. Read the full article on Seeking Alpha

Recent updates

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