QBTS
D-WAVE QUANT (QBTS)
NASDAQ
$15.94-$0.62 (-3.77%)
Price as of Oct 02, 2026 3:22 PM EDT
  • $6.2B
    Market Cap
  • -43.31%
    1-Year Change
  • Computer Hardware
    Industry

Key Performance

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  • Earnings Score: N/A
  • Momentum Score: 33
  • True Yield: N/A
  • Financial Health Score: N/A
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Latest Research & News

Better Quantum Computing Stock: IonQ vs. D-Wave

The article compares two quantum computing stocks, IonQ and D-Wave Quantum. IonQ demonstrates industry-leading precision with 99.99% 2-qubit gate fidelities and has a partnership with Nvidia, but faces massive operating losses and an extremely high P/S ratio of 65. D-Wave has achieved real-world applications through its quantum annealing technology and Leap cloud service, but revenue declined 67% year-over-year with a P/S ratio of 475. The author recommends IonQ as the relatively safer choice despite both stocks carrying significant risks and being overvalued.

10/01/2026, 5:15 PM • The Motley Fool

5 Millionaire-Maker Quantum Computing Stocks to Buy Now

The article recommends a basket approach to quantum computing investments, highlighting five stocks: IonQ (trapped-ion method with 99.99% accuracy), Quantinuum (99.92% fidelity with strong software stack), D-Wave Quantum (quantum annealing leader expanding to gate-based systems), Infleqtion (neutral-atom approach targeting 99.9% fidelity), and IBM (mature company investing $10B+ in quantum technology with plans for fault-tolerant quantum computer by 2029).

09/28/2026, 7:30 AM • The Motley Fool

D-Wave Quantum vs. QuantumScape: Which Moonshot Tech Stock Is a Better Buy in 2026?

The article compares two early-stage quantum technology companies: D-Wave Quantum, which has commercial customers and $24.6M in revenue but is burning cash rapidly with a -1,444% net margin, and QuantumScape, a pre-revenue solid-state battery developer with a stronger cash cushion and clearer path to commercialization. The author recommends QuantumScape as the better speculative bet due to its financial runway, despite both being high-risk moonshot investments years from profitability.

09/26/2026, 10:09 AM • The Motley Fool

Great News for IonQ Stock Investors!

IonQ announced a major breakthrough in quantum computing that positions the company favorably for capital raising. The announcement has generated significant investor interest, with multiple related articles discussing IonQ's potential and comparing it to competitors in the quantum computing space.

09/25/2026, 8:28 PM • The Motley Fool

Should You Forget Palantir and Buy These 3 Quantum Computing Stocks Instead?

The article suggests investors consider quantum computing stocks as alternatives to Palantir, which trades at a steep premium (82x forward earnings). Three quantum computing stocks are highlighted: Alphabet, with its advanced Google Quantum AI unit and cheaper valuation (23x forward earnings); IonQ, a pure-play quantum computing company with 287% YoY revenue growth but unprofitable; and D-Wave Quantum, the only dual-platform quantum computing company with analyst enthusiasm despite slower revenue growth.

09/23/2026, 3:02 AM • The Motley Fool

IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. Are Sending Shockwaves Through Wall Street With This $895 Million Warning

Despite quantum computing stocks soaring up to 1,820% over two years, insiders at IonQ, Rigetti Computing, D-Wave Quantum, and Quantum Computing Inc. have collectively sold $895.1 million more shares than they've purchased while barely buying any stock. The companies trade at extreme valuations (P/S ratios of 55.7 to 494.1), suggesting a potential bubble similar to past technology cycles.

09/22/2026, 5:06 AM • The Motley Fool

Why D-Wave Quantum Stock Popped Today

D-Wave Quantum stock jumped 9.2% after announcing it will host the Qubits Asia 2026 Quantum Computing User Conference in Seoul on October 28, 2026. However, the analyst views this as an overreaction, noting that D-Wave remains unprofitable with only $546 million in cash and projected to burn over $560 million in the next five years, with no profitability expected through 2030.

09/17/2026, 1:20 PM • The Motley Fool

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of D-Wave Quantum Inc. - QBTS

Pomerantz LLP is investigating D-Wave Quantum Inc. for potential securities fraud following disappointing Q2 2026 earnings results ($3.08M revenue vs. $4.03-4.08M expected) and the resignation of CFO John Markovich. The stock fell 9.28% on earnings miss and 9.51% on the CFO departure announcement.

09/15/2026, 4:58 PM • GlobeNewswire

D-Wave's Commercial Momentum Is Real, but a Critical Gap Remains

D-Wave is demonstrating genuine commercial momentum with growing bookings, RPO, and quantum usage. However, the company faces a critical challenge: converting customer commitments into recurring revenue that can justify its current stock valuation. Revenue remains small and inconsistent, leaving investors questioning whether QCaaS usage growth can sustain the company's market price.

09/14/2026, 11:15 AM • The Motley Fool

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

Is D-Wave Quantum a Buy?

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

Peers

Statistics

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Day Range
$16.40
$16.89
$16.56
1-Year Range
$12.98
$44.78
$16.56
Latest Close$16.56
Change
-$0.01 (-0.06%)
Volume11,253,379
Market Cap$6.2B
Shares Outstanding376.5M
P/E (TTM)-23.86
Diluted EPS (TTM)-$0.69
Enterprise Value$6.0B

Information as of 10/01/2026

Company Profile

$6.2B
Market Cap
-$248.7M
Net Income
Sector: Technology
Industry: Computer Hardware
2650 East Bayshore Road, Palo Alto, CA, United States, 94303
604 285 2881

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 (79.55%)
  • Mutual Funds405.6M (18.01%)
  • Insiders54.9M (2.44%)
  • Other0 (0.00%)