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D-WAVE QUANT (QBTS)
Key Performance
More- Earnings Score: N/A
- Momentum Score: 37
- True Yield: N/A
- Financial Health Score: N/A
Latest Research & News
Why CoreWeave Stock Soared 12% Today
CoreWeave shares gained 12% today despite no company-specific news, benefiting from a broader rally in the AI infrastructure sector. The gains were driven by Nebius's partnership announcement with Palantir, Department of Commerce investments in quantum computing companies, and Intel's processor price increase announcement. CoreWeave remains a volatile, high-risk stock with rapid revenue growth but massive losses due to heavy capital expenditures and debt servicing.
09/08/2026, 4:31 PM • The Motley Fool
Why D-Wave Quantum Stock Popped Today
D-Wave Quantum received up to $100 million in funding from the U.S. Department of Commerce under the CHIPS and Science Act, causing its stock to rise 10.86%. However, the government also awarded similar $100 million grants to rival quantum companies Quantinuum and Rigetti Computing. GlobalFoundries received the largest award at $375 million, suggesting it may be the government's preferred champion rather than D-Wave.
09/08/2026, 11:09 AM • The Motley Fool
Why Rigetti Computing Popped Today
Rigetti Computing's stock surged up to 12.2% after securing $100 million in CHIPS Act funding from the Department of Commerce to advance superconducting quantum computing research. The government will receive a minority, non-controlling equity stake in the company. While the funding is a positive development for the quantum computing sector, Rigetti remains speculative as it generates minimal revenue ($5.1 million in Q2) and quantum computing is still an emerging technology.
09/08/2026, 10:40 AM • The Motley Fool
D-Wave Quantum's Massive Upside Meets a High-Stakes Valuation Reality
D-Wave Quantum is transitioning from demonstrations to live enterprise workloads with growing production revenue and contracted revenue. However, the stock's current valuation already prices in a much larger future business, leaving little room for error. The company faces a tension between its promising operational progress and its high-stakes valuation.
08/30/2026, 11:30 AM • The Motley Fool
Why I Wouldn't Touch IonQ, Even With Quantum Computing Stocks Soaring
Despite IonQ's impressive 287% year-over-year revenue growth and record quarterly results, analyst Matt DiLallo advises against investing in the quantum computing stock due to its massive losses (operating costs 5x revenue), rich valuation (55x forward sales), and high volatility. He suggests considering quantum computing ETFs instead as a safer way to gain sector exposure.
08/29/2026, 1:30 PM • The Motley Fool
D-Wave Quantum is a rare pure-play quantum computing company with paying customers running production workloads, including AT&T's network optimization task. However, the company faces significant challenges: it's burning cash rapidly (-$119M free cash flow over last four quarters), has doubled its share count in two years through dilution, and carries a lofty 500x price-to-sales valuation that leaves no room for error. While D-Wave is the most defensible pure-play quantum stock, investors seeking quantum exposure should consider tech giants like IBM or Alphabet instead.
08/29/2026, 1:13 PM • The Motley Fool
Insiders at pure-play quantum computing companies IonQ, Rigetti Computing, and D-Wave Quantum have sold nearly $863 million in stock over the past three years with virtually no insider buying, signaling potential overvaluation concerns. The companies trade at extreme price-to-sales ratios (59, 398, and 542 respectively) far exceeding historical norms for game-changing technologies, raising the risk of a bubble-bursting event.
08/24/2026, 7:06 AM • The Motley Fool
What Does a D-Wave Quantum Insider's Sale of 23,850 Shares Mean for Investors?
D-Wave Quantum's Chief Human Resources Officer Sophie Ames sold 23,850 shares worth ~$505,000 on August 17, 2026, to cover tax obligations from RSU vesting. The sale is not a red flag as it was a non-discretionary transaction. Ames maintains a substantial position of 565,159 shares post-transaction. D-Wave, valued at $7.7 billion, continues to face operational challenges with Q2 revenue of $3.08 million and operating losses doubling to $53.3 million.
08/23/2026, 1:11 AM • The Motley Fool
Why D-Wave Quantum Stock Popped Today
D-Wave Quantum stock jumped 7.2% after BMO Capital analyst Harsh Kumar initiated coverage with an outperform rating, citing the company's revolutionary quantum computing technology and commercial revenues. However, the analyst notes D-Wave remains unprofitable and is expected to continue losing money through 2030, despite projected sales growth to $444 million by that year.
08/21/2026, 12:34 PM • The Motley Fool
The article compares D-Wave Quantum and Microsoft as quantum computing investments over the next 5 years. While D-Wave shows promising bookings growth (1,120% increase to $35.5M), it remains unprofitable with minimal revenue ($3M) and trades at an extremely expensive P/S ratio of 610. Microsoft, despite being primarily known for AI, has made significant quantum computing advances including its topoconductor technology and Azure Quantum services. With Azure surpassing $100B in annual sales, strong profitability ($4.74 EPS), and a reasonable P/E ratio of 27, Microsoft is positioned as the superior quantum computing investment.
08/19/2026, 3:37 AM • The Motley Fool
Got $200? 1 Quantum Computing ETF to Buy Right Now.
The Defiance Quantum ETF (QTUM) offers a diversified approach to investing in quantum computing and AI by spreading exposure across 80-90 companies in the ecosystem rather than betting on a single stock. The fund holds both pure-play quantum companies like D-Wave, IonQ, and Rigetti, as well as established tech firms embedding quantum and AI capabilities. While quantum computing remains a long-term play, current revenue comes from AI infrastructure, data platforms, and security tools, making it suitable for investors willing to tolerate volatility.
08/17/2026, 10:28 AM • The Motley Fool
D-Wave Could Unlock Massive Enterprise Demand but the Valuation Risk Is Real
D-Wave is advancing quantum computing into enterprise operations through hybrid computing frameworks and scientific simulation expansion, positioning itself for significant growth. However, the company faces challenges including uneven bookings, missed expectations, and a concerning valuation disconnect—revenue fell 44% year-over-year while market value rose 38%—leaving little margin for error.
08/17/2026, 6:15 AM • The Motley Fool
Better Quantum Computing Stock: IBM or D-Wave?
IBM and D-Wave are competing in the quantum computing race, but the article suggests that financial strength, enterprise reach, and ability to sustain through a long development cycle may matter more than arriving first. IBM's established position and resources could prove decisive over D-Wave's specialized quantum approach.
08/16/2026, 10:14 AM • The Motley Fool
D-Wave's Revenue Fell 44% in a Year. Its Market Value Rose 38%.
D-Wave Quantum's revenue declined 44% to $12.4 million year-over-year, yet its market value surged 38% to $7.5 billion. The divergence reflects strong future demand signals: first-half bookings jumped over 1,100% to $35.5 million (including a $20 million system sale), and remaining performance obligations reached $40.7 million. However, the company trades at 600x trailing revenue with significant losses ($48 million net loss in Q2 2026), requiring years of growth to justify its valuation.
08/11/2026, 2:23 PM • The Motley Fool
Microsoft offers a lower-risk approach to quantum computing exposure compared to pure-play quantum companies. Through Azure Quantum and Azure Quantum Elements, Microsoft integrates quantum capabilities into its existing AI and cloud infrastructure, allowing it to generate revenue today while building toward quantum supercomputers. This 'earn while you learn' model provides downside protection if quantum adoption is delayed, while still capturing upside if quantum computing scales successfully.
08/09/2026, 5:05 AM • The Motley Fool
Peers
Statistics
MoreInformation as of 09/11/2026
Company Profile
D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides 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, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company's server. The company 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. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.
Key Executives
- Alan E. Baratz
- John Markovich
- Diane Nguyen
- Sophie Ames
- Michelle Maggs
Current Ownership Distribution
- Institutions1.8B (80.24%)
- Mutual Funds386.7M (17.32%)
- Insiders54.5M (2.44%)
- Other0 (0.00%)