D-Wave Quantum Inc.
QBTS | NASDAQ
$10.65
-$0.91 (-7.87%)
At close: Oct 30, 2026, 4:00 PM ET
$10.82
+$0.17 (+1.60%)
Pre-market:
Nov 2, 2026, 6:53 AM ET
Market Data
Market Cap $4.01B
Enterprise Value $3.48B
Beta 2.17
Average Volume 16.75M
Shares Outstanding (Diluted) 370.84M
Shares Change YoY 25.97%
Institutional Ownership 54.63%
Exchange NASDAQ
ISIN US26740W1099
Price Performance
Price Change 1M -35.7%
Price Change 3M -41.1%
Price Change 6M -48.0%
Price Change YTD -59.3%
Price Change 1Y -71.3%
Price Change 3Y 1375.1%
Price Change 5Y 8.4%
1M CAGR (ann.) -37.8%
1Y CAGR (ann.) -68.9%
5Y CAGR (ann.) 1.7%
All-Time CAGR 0.8%
Valuation
PE Ratio -15.00
Forward PE N/A
PEG Ratio -1.03
Forward PEG -0.37
PS Ratio 322.67
Forward PS 49.60
PB Ratio 3.70
P/FCF Ratio -33.67
P/Adj. FCF Ratio -26.69
P/OCF Ratio -35.50
EV/Sales 279.76
EV/EBIT -12.73
EV/EBITDA -13.40
EV/FCF -29.19
Earnings Yield -6.7%
FCF Yield -3.0%
Adj. FCF Yield -3.8%
Financial Health
Net Cash $546.22M
Total Debt $13.08M
Cash & Short-Term Investments $546.22M
Total Assets $1.16B
Current Ratio 20.55
Quick Ratio 20.42
Debt / Equity Ratio 0.01
Debt / EBITDA -0.05
Debt / FCF -0.11
OCF / Debt -8.48
Interest Coverage -17.73
Altman Z-Score 30.46
Piotroski F-Score 3
Margins & Profitability
Gross Profit Margin 64.2%
Operating Profit Margin -1372.9%
EBITDA Margin -2113.2%
Net Profit Margin -2001.6%
FCF Margin -958.4%
Adj. FCF Margin -1208.9%
SBC / Revenue 250.5%
SBC Impact (per share) -26.1%
Returns
Return on Assets -21.5%
Return on Equity -26.7%
Return on Invested Capital -13.5%
Return on Capital Employed -15.1%
Return on Tangible Assets -41.2%
Historical Growth (CAGR)
Revenue CAGR 3Y 19.0%
Revenue CAGR 5Y 37.3%
Revenue CAGR 10Y N/A
EPS CAGR 3Y -19.0%
EPS CAGR 5Y -17.1%
EPS CAGR 10Y N/A
FCF CAGR 3Y -38.3%
FCF CAGR 5Y -25.5%
FCF CAGR 10Y N/A
Analyst Forecasts
Analyst Rating Buy
Analyst Count 9
EPS Growth Next 3Y 18.3%
Revenue Growth Next 3Y 193.5%
Earnings Date Nov 10, 2026
EPS Estimate (next Q) -$0.10
EPS Growth Est (next Q) -76.6%
Revenue Est (next Q) $4.36M
Revenue Growth Est (next Q) 16.7%
Fair Value Estimates
Graham Number N/A
Graham Upside N/A
Lynch Fair Value N/A
Lynch Upside N/A
Price Target $36.14
Price Target Upside 239.3%
Cash Flow
Operating Cash Flow $-110.88M
Free Cash Flow $-119.08M
Adj. Free Cash Flow $-150.2M
FCF Per Share -$0.32
OCF Per Share -$0.30
OCF/S Ratio -892.4%
Income Statement
Revenue $12.43M
Gross Profit $7.98M
Operating Income $-170.58M
EBITDA $-259.31M
Net Income $-248.7M
EPS (Diluted) -$0.71
Revenue / Employee $32.27K
Profit / Employee $-645.97K
Employees 385
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