D-Wave Quantum Inc.

NasdaqGS:QBTS Stock Report

Market Cap: US$6.6b

D-Wave Quantum Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:QBTS Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
15 Jun 26SellUS$6,248,492John MarkovichIndividual246,043US$25.75
09 Jun 26SellUS$1,339,547John MarkovichIndividual51,049US$26.54
02 Jun 26SellUS$90,148John MarkovichIndividual2,908US$31.00
13 Mar 26SellUS$188,723John MarkovichIndividual10,706US$17.63
13 Mar 26SellUS$44,634Diane NguyenIndividual2,532US$17.63
13 Feb 26SellUS$28,671Diane NguyenIndividual1,451US$19.76
14 Jan 26SellUS$982,545Alan BaratzIndividual35,013US$28.06
14 Jan 26SellUS$257,584John MarkovichIndividual9,179US$28.06
14 Jan 26SellUS$126,814Diane NguyenIndividual4,519US$28.06
15 Dec 25SellUS$276,267John MarkovichIndividual11,562US$23.89
15 Dec 25SellUS$65,303Diane NguyenIndividual2,733US$23.89
03 Dec 25SellUS$158,340Kirstjen NielsenIndividual7,000US$22.62
18 Nov 25BuyUS$1,795Steven WestIndividual82US$21.89
13 Nov 25SellUS$2,272,482John MarkovichIndividual98,060US$23.17
13 Nov 25SellUS$3,895,663Alan BaratzIndividual168,102US$23.17
13 Nov 25SellUS$64,958Diane NguyenIndividual2,803US$23.17
14 Oct 25SellUS$1,372,187Alan BaratzIndividual31,369US$43.74
14 Oct 25SellUS$349,685John MarkovichIndividual7,994US$43.74
14 Oct 25SellUS$911,044Diane NguyenIndividual20,827US$43.74
11 Sep 25SellUS$1,630,000John MarkovichIndividual100,000US$16.30

Insider Trading Volume

Insider Buying: QBTS insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of QBTS?
Owner TypeNumber of SharesOwnership Percentage
Private Companies3,121,3460.838%
Individual Insiders3,896,4071.05%
General Public162,799,45243.7%
Institutions202,622,72854.4%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 43.11% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
8.9%
BlackRock, Inc.
33,147,399US$585.7m9.93%0.01%
5.91%
Vanguard Portfolio Management, LLC
22,021,534US$389.1m5.91%0.02%
4.98%
Vanguard Capital Management, LLC
18,539,568US$327.6m0.82%no data
3.34%
UBS Asset Management AG
12,445,573US$219.9m16.9%0.01%
2.49%
Geode Capital Management, LLC
9,270,389US$163.8m2.55%0.01%
2.42%
State Street Investment Management
9,029,667US$159.6m6.6%no data
1.67%
Clear Street LLC
6,206,861US$109.7m8.72%0.34%
1.45%
Public Sector Pension Investment Board
5,400,000US$95.4m0%0.22%
1.2%
Norges Bank Investment Management
4,477,459US$79.1m2,720%no data
1.08%
Bank of America Corporation
4,015,997US$71.0m12.6%0.01%
0.9%
Northern Trust Global Investments
3,367,998US$59.5m8.03%0.01%
0.88%
Charles Schwab Investment Management, Inc.
3,284,474US$58.0m1.5%0.01%
0.84%
UNICOM Systems, Inc.
3,121,346US$55.2m0%3.74%
0.78%
Defiance ETFs, LLC
2,912,047US$51.5m752%0.75%
0.77%
Penserra Capital Management LLC
2,860,784US$50.6m82.2%0.32%
0.71%
Morgan Stanley
2,650,427US$46.8m24.5%no data
0.63%
Van Eck Associates Corporation
2,339,788US$41.3m52.6%0.02%
0.61%
BNY Asset Management
2,271,909US$40.1m62.9%0.01%
0.61%
T. Rowe Price Group, Inc.
2,269,777US$40.1m453%no data
0.57%
Alan Baratz
2,110,194US$37.3m-36.1%no data
0.51%
Emerald Advisers, LLC
1,891,859US$33.4m110%0.5%
0.49%
Marex Group Limited
1,820,485US$32.2m83.3%0.24%
0.49%
Wellington Management Group LLP
1,820,070US$32.2m372%no data
0.44%
JP Morgan Asset Management
1,640,346US$29.0m44.9%no data
0.44%
Citadel Advisors LLC
1,635,086US$28.9m111%0.02%

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/09 04:08
End of Day Share Price 2026/09/09 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 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 20 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Craig EllisB. Riley Securities, Inc.
William Kingsley CraneCanaccord Genuity
Troy JensenCantor Fitzgerald & Co.