QBTS
D-WAVE QUANT (QBTS)
NYSE
$24.71+$0.23 (+0.96%)
Price as of Jun 23, 2026 6:24 AM EDT
  • $9.0B
    Market Cap
  • 63.79%
    1-Year Change
  • Computer Hardware
    Industry

Key Performance

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  • Earnings Score: N/A
  • Momentum Score: 61
  • True Yield: N/A
  • Financial Health Score: N/A
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Latest Research & News

Is Rigetti Computing Stock a Buy Right Now?

Rigetti Computing's stock has fallen from an October 2025 all-time high of $58 to around $21, raising questions about its investment potential. The quantum computing company received up to $100 million in U.S. government funding and tripled Q1 2026 revenue to $4.4 million, but remains unprofitable with significant operating losses. With $400+ million in cash, Rigetti has runway to develop commercially viable quantum applications, though success depends on long-term market adoption and faces intense competition from pure-play quantum companies and tech giants like Google and IBM.

06/18/2026, 7:13 PM • The Motley Fool

3 Quantum Computing Stocks Down Sharply -- but 1 Offers Exceptional Value

Quantum computing stocks have experienced a valuation reset after a strong rally in April-May. While Rigetti Computing and IonQ show impressive technology and growth, their valuations appear stretched. D-Wave Quantum stands out as offering better value with strong booking momentum, major enterprise contracts, and a more reasonable valuation that may underestimate its commercial potential.

06/17/2026, 4:31 AM • The Motley Fool

Can D-Wave Hold Its Own Against 2 Fast-Growing Rivals?

D-Wave Quantum Inc. faces intensifying competition in the quantum computing space from both established tech giants like Intel and IBM, as well as emerging rivals. Arqit Quantum Inc., a cybersecurity-focused quantum company, has achieved 830% YoY revenue growth and is expanding partnerships, while Qualcomm Inc. is entering the quantum space through its venture capital arm, investing in quantum computing firms and positioning itself for quantum-safe communications hardware development.

06/16/2026, 12:15 PM • Investing

IonQ, Rigetti, and D-Wave Are Surging Again. Is Quantum Computing Finally Real?

Quantum computing stocks IonQ, Rigetti, and D-Wave have surged 50%+ since late March following a $2 billion federal investment announcement. However, the author cautions that useful quantum computing remains a decade or more away, and these stocks trade at extreme valuations with no profits, making them highly vulnerable to market sentiment shifts.

06/12/2026, 6:20 AM • The Motley Fool

Google Rejects Quantum Funding Over Government Equity Strings

Google declined a $2 billion federal quantum computing grant due to conditions requiring government equity stakes, which would have slowed research timelines. The rejection divides the quantum sector into two camps: funded companies (IBM, GlobalFoundries, Rigetti, D-Wave, Infleqtion) gaining government validation and infrastructure, versus unfunded tech giants (Google, Microsoft, IONQ) retaining autonomy. IBM targets its first scalable quantum system by 2029, while Google's Willow chip demonstrates quantum advantage through independent development.

06/12/2026, 6:03 AM • Investing

Google Reveals Why It Turned Down Trump Administration's Quantum Funding Deal: 'In This One Specific Case…'

Google's Chief Operating Officer of Quantum AI disclosed that the company declined funding from the Trump administration's quantum computing initiative because the attached conditions would have slowed its progress. Despite this, Google continues collaborating with the U.S. government on quantum research and emphasized the need for increased basic research funding and global talent recruitment to compete with China in quantum computing development.

06/12/2026, 4:13 AM • Benzinga

After Receiving $100 Million in Government Funding, Are Rigetti Computing and D-Wave Quantum the Best Quantum Computing Stocks?

The U.S. government invested up to $100 million each in quantum computing companies Rigetti Computing and D-Wave Quantum as part of a diversified bet on different quantum technologies. However, the analyst cautions that this government investment should not be viewed as validation of these specific stocks. Rigetti faces accuracy challenges with its superconducting approach, while D-Wave leads in annealing technology but has yet to prove its dual-rail qubit architecture claims. The analyst prefers trapped-ion technology companies like IonQ and Quantinuum due to their superior accuracy metrics.

06/10/2026, 5:25 AM • The Motley Fool

The Case for Intel Over Pure-Play Quantum Firms

Intel is positioned to outcompete pure-play quantum computing firms like Rigetti and D-Wave due to its existing manufacturing infrastructure, CHIPS Act grants, and strategic partnerships with Apple and NVIDIA. While pure-play quantum firms offer technological potential, their high valuations relative to revenue and Intel's resource advantages make Intel a more attractive investment for quantum computing exposure.

06/09/2026, 12:51 PM • Investing

Why D-Wave Quantum Stock Jumped Nearly 50% Last Month

D-Wave Quantum (QBTS) surged nearly 49% in May following a $100 million federal investment commitment from the U.S. Department of Commerce's $2 billion quantum computing initiative under the CHIPS and Science Act. Despite Q1 earnings showing an 81% year-over-year revenue decline to $2.9 million, the company's forward bookings improved significantly with $30 million in new deals. D-Wave's acquisition of Quantum Circuits Inc. provides a dual-platform strategy combining annealing and gate-model quantum computing technologies.

06/04/2026, 6:10 PM • The Motley Fool

Wall Street Is Wrong About This Quantum Computing Stock for 2026 -- Here's the Proof

Infleqtion, a newly public neutral-atom quantum computing company, has achieved significant milestones including defense contracts for quantum sensing hardware across three countries, $100 million in U.S. government co-investment, and integration with Nvidia's technology. Despite these accomplishments, the stock trades around $17.50 with limited market attention compared to competitors like IonQ and Rigetti.

06/04/2026, 4:33 PM • The Motley Fool

Quantinuum Stock Opens Above IPO Price, Then Fades

Quantinuum (QNT) debuted on NASDAQ with a 13% pop above its $60 IPO price, opening at $68, but quickly faded to around $62 as sellers stepped in. The quantum computing company raised $1.68 billion from the IPO with 20x oversubscription. However, with 2025 revenue of only $30.9 million against a $192.6 million net loss, the stock's decline from intraday highs reflects investor concerns about the company's burn rate. The IPO sparked a sector rotation, with most quantum computing peers declining.

06/04/2026, 4:06 PM • Benzinga

The Pure Plays: 5 Companies Building Quantum From the Ground Up

The article profiles five pure-play quantum computing companies pursuing different hardware approaches: IonQ (trapped-ion systems), D-Wave (annealing and gate-model systems), Rigetti (modular superconducting chiplets), Xanadu (photonic quantum computing), and Infleqtion (neutral-atom systems). Each company has demonstrated significant technical milestones in 2025-2026, including record gate fidelities, distributed quantum networking, and commercial deployments. The article emphasizes that while quantum computing is making measurable progress, no single modality has yet proven definitively superior, and the field remains in early commercialization stages with paying customers and peer-reviewed results.

06/04/2026, 2:51 PM • Investing

The Pure Plays: 5 Companies Building Quantum From the Ground Up

The article profiles five pure-play quantum computing companies pursuing different hardware approaches: IonQ (trapped-ion systems), D-Wave (annealing and gate-model systems), Rigetti (modular superconducting chiplets), Xanadu (photonic quantum computing), and Infleqtion (neutral-atom systems). Each company has demonstrated significant technical milestones including record gate fidelities, distributed quantum networking, and room-temperature operations. While the field is making measurable progress toward fault-tolerant quantum computing, the article emphasizes that no single modality has yet proven definitively superior, and commercial viability remains uncertain.

06/04/2026, 12:20 PM • Investing

Quantum Computing: Hype or the Real Deal?

Quantum computing represents a fundamental shift from classical binary computing, using qubits that can exist in multiple states simultaneously. While the underlying physics is sound and progress is documentable, fault-tolerant quantum computers capable of commercial viability are likely still a decade away. Major tech companies (IBM, Google, Microsoft) and pure-play quantum firms (IonQ, D-Wave, Rigetti) are advancing the technology, but investors should adopt a diversified portfolio approach given the long development timeline, high costs, and uncertainty about which technologies will ultimately succeed.

06/03/2026, 2:42 PM • Investing

Quantum Computing: Hype or the Real Deal?

Quantum computing represents a fundamental technological shift from classical binary computing, using qubits that can exist in multiple states simultaneously. While the underlying physics is sound and engineering progress is documentable, fault-tolerant quantum computers capable of commercial viability remain at least a decade away. Major tech companies (IBM, Google, Microsoft) and pure-play quantum firms (IonQ, D-Wave, Rigetti) are making progress, but investors should adopt a diversified portfolio approach given the long development timeline, high financial burden, and uncertainty about which technologies will ultimately succeed.

06/03/2026, 12:16 PM • Investing

Peers

Statistics

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Day Range
$23.52
$25.64
$24.47
1-Year Range
$12.98
$44.78
$24.47
Latest Close$24.47
Change
-$0.22 (-0.90%)
Volume29,576,439
Market Cap$9.0B
Shares Outstanding367.3M
P/E (TTM)-22.69
Diluted EPS (TTM)-$1.08
Enterprise Value$8.7B

Information as of 06/22/2026

Company Profile

$9.0B
Market Cap
-$368.0M
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

  • Institutions1.6B (81.74%)
  • Mutual Funds296.8M (15.56%)
  • Insiders51.5M (2.70%)
  • Other0 (0.00%)