D-Wave Quantum (DB:RQ0) - Stock Price, News & Analysis

RQ0 Stock Overview

Develops and delivers quantum computing systems, software, and services worldwide.

RQ0 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

Rewards

Revenue is forecast to grow 50.31% per year

Risk Analysis

Highly volatile share price over the past 3 months

Negative shareholders equity

Has less than 1 year of cash runway

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 1 more risk

D-Wave Quantum Inc. Competitors

USU Software

HMSE:OSP2

€200.2m

Fabasoft

XTRA:FAA

€162.1m

Serviceware

XTRA:SJJ

€135.5m

Beta Systems Software

DB:BSS

€125.1m

Price History & Performance

Summary of all time highs, changes and price drops for D-Wave Quantum
Historical stock prices
Current Share Price	US$0.85
52 Week High	US$3.18
52 Week Low	US$0.54
Beta	0.97
11 Month Change	-3.00%
3 Month Change	-16.19%
1 Year Change	-7.50%
33 Year Change	n/a
5 Year Change	n/a
Change since IPO	-21.46%

Recent updates

Shareholder Returns

	RQ0	DE Software	DE Market
7D	6.0%	-0.9%	1.8%
1Y	-7.5%	63.0%	13.8%

Return vs Industry: RQ0 underperformed the German Software industry which returned 62.5% over the past year.

Return vs Market: RQ0 underperformed the German Market which returned 13.3% over the past year.

Price Volatility

Is RQ0's price volatile compared to industry and market?
RQ0 volatility
RQ0 Average Weekly Movement	17.8%
Software Industry Average Movement	4.9%
Market Average Movement	5.0%
10% most volatile stocks in DE Market	11.1%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: RQ0's share price has been volatile over the past 3 months.

Volatility Over Time: RQ0's weekly volatility has decreased from 25% to 18% over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
1999	200	Alan Baratz	www.dwavesys.com

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a developer community. It provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through production implementation.

D-Wave Quantum Inc. Fundamentals Summary

How do D-Wave Quantum's earnings and revenue compare to its market cap?
RQ0 fundamental statistics
Market cap	€178.86m
Earnings (TTM)	-€60.72m
Revenue (TTM)	€9.14m

18.3x

P/S Ratio

-2.8x

P/E Ratio

Is RQ0 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RQ0 income statement (TTM)
Revenue	US$10.12m
Cost of Revenue	US$3.57m
Gross Profit	US$6.54m
Other Expenses	US$73.75m
Earnings	-US$67.21m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.33
Gross Margin	64.68%
Net Profit Margin	-664.39%
Debt/Equity Ratio	-298.0%

How did RQ0 perform over the long term?

See historical performance and comparison

RQ0 Stock Overview

Rewards

Risk Analysis

D-Wave Quantum Inc. Competitors

HMSE:OSP2

€200.2m

XTRA:FAA

€162.1m

XTRA:SJJ

€135.5m

DB:BSS

€125.1m

Price History & Performance

Recent News & Updates

D-Wave Quantum Inc Featured in Syndicated Broadcast Highlighting Extended Product Roadmap, Enhancements to Quantum Cloud Service

Second quarter 2024 earnings released: US$0.10 loss per share (vs US$0.20 loss in 2Q 2023)

D-Wave Quantum Inc. to Report Q2, 2024 Results on Aug 08, 2024

D-Wave Introduces New Hybrid Quantum Solver At Qubits 2024 to Tackle Customers' Previously Intractable Workforce, Manufacturing, and Logistics Optimization Problems

Independent Director recently sold €133k worth of stock

First quarter 2024 earnings released: US$0.11 loss per share (vs US$0.20 loss in 1Q 2023)

Recent updates

D-Wave Quantum Inc Featured in Syndicated Broadcast Highlighting Extended Product Roadmap, Enhancements to Quantum Cloud Service

Second quarter 2024 earnings released: US$0.10 loss per share (vs US$0.20 loss in 2Q 2023)

D-Wave Quantum Inc. to Report Q2, 2024 Results on Aug 08, 2024

D-Wave Introduces New Hybrid Quantum Solver At Qubits 2024 to Tackle Customers' Previously Intractable Workforce, Manufacturing, and Logistics Optimization Problems

Independent Director recently sold €133k worth of stock

First quarter 2024 earnings released: US$0.11 loss per share (vs US$0.20 loss in 1Q 2023)

D-Wave Quantum Inc. to Report Q1, 2024 Results on May 13, 2024

D-Wave Quantum Inc., Annual General Meeting, Jun 06, 2024

D-Wave Quantum Inc. Introduces New Fast Anneal Feature, Extending Quantum Computing Performance Gains

Full year 2023 earnings released: US$0.60 loss per share (vs US$0.43 loss in FY 2022)

D-Wave Quantum Inc. to Report Q4, 2023 Results on Mar 28, 2024

D-Wave Quantum Inc. Launches New Go-To-Market Growth Strategy to Rapidly Accelerate Quantum Adoption

NEC and D-Wave Introduce New Quantum Offerings to Australian Market

D-Wave Announces Availability of 1,200+ Qubit Advantage2 Prototype in the Leap Quantum Cloud Service, Making its Most Performant System Available to Customers

D-Wave Quantum Inc. Announces 1,200+ Qubit Advantage2™ Prototype in New, Lower-Noise Fabrication Stack, Demonstrating 20X Faster Time-To-Solution on Important Class of Hard Optimization Problems

D-Wave Quantum Inc. Appoints Kirstjen Nielsen to Its Board of Directors

D-Wave Demonstrates Error Mitigation on the Advantage2™ Prototype, Extending Coherent Annealing Range by an Order of Magnitude

D-Wave Quantum Inc. Provides Revenue Guidance for Fiscal Year 2023

Third quarter 2023 earnings released: US$0.12 loss per share (vs US$0.11 loss in 3Q 2022)

New minor risk - Market cap size

D-Wave Quantum Receives Notice of Non-Compliance with NYSE Trading Share Price Listing Rule

D-Wave Quantum Inc. Launches New Open-Source Demonstration Highlighting how its Advantage Annealing Quantum Computing System can be Used to Tackle Wireless Channel Decoding

High number of new directors

D-Wave Quantum Inc. Announces Board Changes

D-Wave Quantum Inc. Announces Update to its Constrained Quadratic Model Hybrid Solver in its Leap Quantum Cloud Service

D-Wave Quantum Inc. Provides Earnings Guidance for the Fiscal Year 2023

Second quarter 2023 earnings released: US$0.20 loss per share (vs US$0.12 loss in 2Q 2022)

High number of new directors

D-Wave Quantum Inc. to Report Q2, 2023 Results on Aug 10, 2023

D-Wave Quantum Inc. Provides Revenue Guidance for the Full Year of Fiscal Year 2023

D-Wave Quantum Inc. Reiterates Revenue Guidance for the Full Year 2023

D-Wave Quantum Inc. to Report Q1, 2023 Results on May 19, 2023

D-Wave Quantum Inc. announced delayed 10-Q filing

High number of new directors

Full year 2022 earnings released: US$0.43 loss per share (vs US$9.96 loss in FY 2021)

D-Wave Quantum Inc. Announces Broad Feature Selection Initiative to Accelerate AI/ML Workflows, Expansion of Quantum Cloud Service to Israel

No independent directors

Shareholder Returns

Price Volatility

About the Company

D-Wave Quantum Inc. Fundamentals Summary

18.3x

-2.8x

Earnings & Revenue