1QBTS Stock Overview

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

1QBTS fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	2/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Revenue is forecast to grow 35.83% per year

Risk Analysis

Shareholders have been substantially diluted in the past year

Shares are highly illiquid

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

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D-Wave Quantum Inc. Competitors

TXT e-solutions

BIT:TXT

€448.0m

SYS-DAT

BIT:SYS

€207.7m

Almawave

BIT:AIW

€87.5m

Expert.ai

BIT:EXAI

€129.5m

Price History & Performance

Summary of share price highs, lows and changes for D-Wave Quantum
Historical stock prices
Current Share Price	US$6.11
52 Week High	US$0
52 Week Low	US$0
Beta	0.89
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-6.52%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	1QBTS	IT Software	IT Market
7D	-6.1%	3.2%	4.3%
1Y	n/a	-5.5%	13.1%

Return vs Industry: Insufficient data to determine how 1QBTS performed against the Italian Software industry.

Return vs Market: Insufficient data to determine how 1QBTS performed against the Italian Market.

Price Volatility

Is 1QBTS's price volatile compared to industry and market?
1QBTS volatility
1QBTS Average Weekly Movement	n/a
Software Industry Average Movement	6.7%
Market Average Movement	5.5%
10% most volatile stocks in IT Market	8.8%
10% least volatile stocks in IT Market	3.4%

Stable Share Price: 1QBTS's share price has been volatile over the past 3 months compared to the Italian market.

Volatility Over Time: Insufficient data to determine 1QBTS's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1999	218	Alan Baratz	www.dwavesys.com

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers 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. It 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.

D-Wave Quantum Inc. Fundamentals Summary

How do D-Wave Quantum's earnings and revenue compare to its market cap?
1QBTS fundamental statistics
Market cap	€2.81b
Earnings (TTM)	-€118.18m
Revenue (TTM)	€19.13m

151.5x

P/S Ratio

-24.5x

P/E Ratio

Is 1QBTS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1QBTS income statement (TTM)
Revenue	US$21.36m
Cost of Revenue	US$3.58m
Gross Profit	US$17.78m
Other Expenses	US$149.77m
Earnings	-US$131.99m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	-0.45
Gross Margin	83.23%
Net Profit Margin	-617.83%
Debt/Equity Ratio	14.8%

How did 1QBTS perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/14 05:13
End of Day Share Price	2025/05/14 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

D-Wave Quantum Inc. is covered by 7 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Williams	Benchmark Company
Craig Ellis	B. Riley Securities, Inc.
Christian Schwab	Craig-Hallum Capital Group LLC