D-Wave Quantum Inc.

NYSE:QBTS Stock Report

Market Cap: US$8.2b

D-Wave Quantum Ownership

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

Recent Insider Transactions

NYSE:QBTS Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
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
13 Aug 25SellUS$550,075Diane NguyenIndividual30,260US$18.54
13 Aug 25SellUS$2,603,540Steven WestIndividual144,000US$18.18
16 Jun 25SellUS$902,802John DiLulloIndividual57,000US$16.40
16 Jun 25SellUS$1,159,374Kirstjen NielsenIndividual71,644US$16.21
12 Jun 25SellUS$731,303Rohit GhaiIndividual43,517US$16.81
12 Jun 25SellUS$1,796,328Roger BiscayIndividual106,626US$16.85
22 May 25SellUS$1,983,707Roger BiscayIndividual112,196US$17.86
14 Jan 25SellUS$89,553,558Public Sector Pension Investment BoardCompany19,557,252US$6.14
14 Jan 25SellUS$585,316Public Sector Pension Investment BoardCompany115,306US$5.08
20 Dec 24SellUS$6,678,200Public Sector Pension Investment BoardCompany1,000,000US$6.68
12 Dec 24SellUS$74,397,891Public Sector Pension Investment BoardCompany17,501,884US$4.87
11 Dec 24SellUS$4,371,341Public Sector Pension Investment BoardCompany872,175US$5.01

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 Companies3,121,3460.892%
Individual Insiders4,230,8171.21%
General Public154,978,31944.3%
Institutions187,791,32153.6%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 56.3%.

Top Shareholders

Top 25 shareholders own 45.23% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
11%
The Vanguard Group, Inc.
38,454,869US$899.5m41.2%0.01%
7.48%
BlackRock, Inc.
26,201,142US$612.8m12.8%0.01%
4.17%
Bank of America Corporation
14,594,663US$341.4m209%0.1%
3.63%
D. E. Shaw & Co., L.P.
12,701,211US$297.1m-0.09%0.33%
2.15%
Geode Capital Management, LLC
7,528,321US$176.1m17.4%0.01%
1.9%
State Street Global Advisors, Inc.
6,648,395US$155.5m41.3%0.01%
1.56%
Marex Group plc
5,469,291US$127.9m0%2.6%
1.54%
Public Sector Pension Investment Board
5,400,000US$126.3m0%0.46%
1.45%
Defiance ETFs, LLC
5,068,199US$118.5m0%10.64%
1.2%
Morgan Stanley
4,211,973US$98.5m149%0.01%
1.08%
Renaissance Technologies LLC
3,791,342US$88.7m0%0.12%
0.89%
UNICOM Systems, Inc.
3,121,346US$73.0m12.1%8.15%
0.89%
Arrowstreet Capital, Limited Partnership
3,099,209US$72.5m0%0.05%
0.83%
Charles Schwab Investment Management, Inc.
2,904,711US$67.9m239%0.01%
0.83%
UBS Asset Management AG
2,901,255US$67.9m-53.9%0.01%
0.68%
Northern Trust Global Investments
2,384,308US$55.8m49.2%0.01%
0.61%
Susquehanna International Group, LLP
2,135,221US$49.9m843%0.07%
0.52%
AHL Partners LLP
1,812,497US$42.4m0%0.39%
0.48%
Alan Baratz
1,691,178US$39.6m6.72%no data
0.48%
Broad Street Principal Investments, L.L.C.
1,685,147US$39.4m0%27.86%
0.48%
Penserra Capital Management LLC
1,677,356US$39.2m43.4%0.46%
0.35%
Teachers Insurance and Annuity Association-College Retirement Equities Fund
1,236,166US$28.9m-8.8%0.01%
0.35%
RBC Dominion Securities Inc.
1,225,416US$28.7m2,400%0.02%
0.35%
JP Morgan Asset Management
1,215,939US$28.4m-9.43%no data
0.35%
Driehaus Capital Management LLC
1,209,747US$28.3m45,200%0.15%

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/14 01:43
End of Day Share Price 2025/11/14 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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 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 13 analysts. 10 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.
William Kingsley CraneCanaccord Genuity