D-Wave Quantum Inc.

NYSE:QBTS Stock Report

Market Cap: US$1.9b

D-Wave Quantum Management

Management criteria checks 3/4

D-Wave Quantum's CEO is Alan Baratz, appointed in Aug 2022, has a tenure of 2.42 years. total yearly compensation is $1.05M, comprised of 55% salary and 45% bonuses, including company stock and options. directly owns 0.66% of the company’s shares, worth $12.50M. The average tenure of the management team and the board of directors is 2.4 years and 2 years respectively.

Key information

Alan Baratz

Chief executive officer

US$1.0m

Total compensation

CEO salary percentage55.0%
CEO tenure2.4yrs
CEO ownership0.7%
Management average tenure2.4yrs
Board average tenure2yrs

Recent management updates

Recent updates

Quantum Could Be 2025's Buzzword, But I Think D-Wave Quantum Is Dangerously Poised

Dec 28

D-Wave Quantum: Not Chasing This Rally Based Solely On Hope

Dec 16

Why I'm Doubling Down On D-Wave Quantum During This Pullback

Nov 27

The Trump-Musk Effect: Can D-Wave Quantum Sustain Its Meteoric Rise Amid Financial Turmoil?

Nov 19

D-Wave: Buying Before Earnings

Oct 30

D-Wave: Aiming To Leverage Zapata's Industrial Generative AI

Mar 08

Quantum Races: D-Wave's Bold Bet Against Giants

Oct 23

D-Wave Q2: Profitability Issues, But Its Product Is Seeing Traction From AI

Aug 11

D-Wave: Quantum Computing Might Be With Us

Jun 04

D-Wave and Davidson Technologies enter multi-year reseller agreement

Jan 05

D-Wave Quantum GAAP EPS of -$0.11, revenue of $1.7M

Nov 10

D-Wave Quantum: Revolutionary Product That Could Change The World

Oct 11

CEO Compensation Analysis

How has Alan Baratz's remuneration changed compared to D-Wave Quantum's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$74m

Jun 30 2024n/an/a

-US$67m

Mar 31 2024n/an/a

-US$76m

Dec 31 2023US$1mUS$575k

-US$83m

Sep 30 2023n/an/a

-US$84m

Jun 30 2023n/an/a

-US$79m

Mar 31 2023n/an/a

-US$66m

Dec 31 2022US$11mUS$492k

-US$54m

Sep 30 2022n/an/a

-US$50m

Jun 30 2022n/an/a

-US$43m

Mar 31 2022n/an/a

-US$34m

Dec 31 2021US$595kUS$450k

-US$32m

Compensation vs Market: Alan's total compensation ($USD1.05M) is below average for companies of similar size in the US market ($USD5.43M).

Compensation vs Earnings: Alan's compensation has been consistent with company performance over the past year.

CEO

Alan Baratz (69 yo)

2.4yrs

Tenure

US$1,045,150

Compensation

Dr. Alan E. Baratz, Ph.D. serves as President since January 01, 2020 and Director at D-Wave Quantum Inc. since January 14, 2020 and is its Chief Executive Officer since August 2022. He serves as Chief Exec...

Leadership Team

NamePositionTenureCompensationOwnership
Alan Baratz
President2.4yrsUS$1.05m0.66%
$ 12.5m
John Markovich
Chief Financial Officer2.4yrsUS$681.80k0.26%
$ 4.8m
Diane Nguyen
General Counsel3.5yrsUS$385.19k0.089%
$ 1.7m
Eric Ladizinsky
Co-Founder & Chief Scientist26yrsno datano data
Sophie Ames
Chief Human Resources Officerless than a yearno datano data
Trevor Lanting
Chief Development Officer2yrsno datano data
Lorenzo Martinelli
Chief Revenue Officerless than a yearno datano data

2.4yrs

Average Tenure

63yo

Average Age

Experienced Management: QBTS's management team is considered experienced (2.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Alan Baratz
President5yrsUS$1.05m0.66%
$ 12.5m
Steven West
Independent Chairman of the Board15.6yrsUS$194.75k0.069%
$ 1.3m
Sharon Holt
Directorless than a yearno datano data
Roger Biscay
Independent Director2.4yrsUS$181.25k0.050%
$ 942.4k
Marc Feldman
Member of the Scientific Advisory Boardno datano datano data
Kirstjen Nielsen
Independent Director2yrsno data0.031%
$ 591.6k
John DiLullo
Directorless than a yearno datano data
Rohit Ghai
Directorless than a yearno datano data

2.0yrs

Average Tenure

58yo

Average Age

Experienced Board: QBTS's board of directors are not considered experienced ( 2 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 22:40
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

Analysis Model and Snowflake

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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 .

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.

AnalystInstitution
David WilliamsBenchmark Company
Craig EllisB. Riley Securities, Inc.
Christian SchwabCraig-Hallum Capital Group LLC