QBTS
D-WAVE QUANT (QBTS)
NYSE
$18.59-$0.07 (-0.40%)
Price as of Jul 13, 2026 7:59 PM EDT
  • $7.4B
    Market Cap
  • 17.88%
    1-Year Change
  • Computer Hardware
    Industry

Key Performance

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  • Earnings Score: N/A
  • Momentum Score: 35
  • True Yield: N/A
  • Financial Health Score: N/A
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Latest Research & News

IQM’s Nasdaq Debut Could Change the Quantum Race for D-Wave

IQM Quantum Computers, Europe's first publicly traded quantum computing company, has listed on Nasdaq, intensifying competition in the quantum computing sector. While IQM poses competitive threats to D-Wave through its strong engineering reputation and European market presence, the broader competition may ultimately benefit the industry by driving innovation and helping investors differentiate between quantum firms. D-Wave faces pressure to distinguish itself despite strong commercial momentum with record Q1 bookings of $33.4 million.

07/10/2026, 1:11 PM • Investing

This Quantum Computing Stock Is Poised for a Sharp Selloff in the Second Half of 2026

Rigetti Computing faces significant downside risk despite quantum computing hype. The company's $5.6B market cap is disconnected from its $7M shrinking revenue, resulting in an extremely stretched valuation. Ongoing share dilution through its ATM program and government funding equity stakes, combined with falling sales, could trigger a sharp pullback if investor enthusiasm cools.

07/09/2026, 9:05 PM • The Motley Fool

This Explosive Quantum Stock Just Got a Massive $100 Million Catalyst

D-Wave Quantum received a major catalyst from proposed U.S. government funding of $100 million tied to quantum computing adoption. While the bull case is significant if quantum adoption accelerates, the stock's valuation already prices in a future that may take years to materialize, presenting both opportunity and risk.

07/06/2026, 8:30 AM • The Motley Fool

Is D-Wave Quantum a Buy?

D-Wave Quantum, a quantum computing company, has begun landing commercial deals including a $20 million system sale and a $10 million cloud-access agreement. However, the analyst recommends holding off on buying the stock due to its extremely high valuation of 200x this year's estimated revenue ($42.5M) and 100x next year's estimate, despite the company's early momentum. With significant competitive threats from other quantum companies and tech giants, the stock carries more downside risk than upside potential at current levels.

07/04/2026, 8:29 AM • The Motley Fool

Quantum Stocks Face a 2028 Cash Test. Here's What Investors Should Know.

Quantum computing stocks including IonQ, IBM, D-Wave, Rigetti, and Quantum Computing Inc. are competing in the quantum computing race, but success may depend less on technology and more on cash runway and dilution risk. The critical test for these companies will be reaching 2028 with sufficient financial resources.

07/01/2026, 10:30 AM • The Motley Fool

Is D-Wave's Dip an Opportunity or Red Flag?

D-Wave Quantum (QBTS) has declined nearly 20% over the past month following a shift in its product roadmap to include gate-model quantum computing alongside its original annealing focus. While analysts remain bullish with an average price target of $37 (54% upside), bears question the long-term commercial viability of quantum computing and cite the company's increasing burn rate and widening losses. The stock presents a speculative opportunity for long-term investors with high risk tolerance, supported by up to $100 million in U.S. government funding.

07/01/2026, 3:19 AM • The Motley Fool

The Quantum Bubble Is Real Enough to Take Seriously

The quantum computing industry faces potential valuation concerns despite real technological progress. Pure-play quantum companies like D-Wave and Rigetti show impressive stock gains but trade at extremely high price-to-sales multiples (700x+ for D-Wave) with minimal revenues. While some companies like IonQ demonstrate strong commercial traction and substantial cash reserves, the sector faces profitability challenges, high R&D costs, and increasing competition from tech giants like Intel and IBM entering the quantum space.

06/30/2026, 1:13 PM • Investing

Quantum Computing Stocks IonQ, Rigetti Computing, and D-Wave Quantum Sent Shockwaves Through Wall Street With This $857 Million Warning

Insiders at quantum computing companies IonQ, Rigetti Computing, and D-Wave Quantum have collectively sold nearly $857 million in stock over the past two years, while insider buying has been virtually nonexistent. This insider selling activity raises concerns about valuations and the early-stage adoption challenges of quantum computing technology, despite the sector's significant growth potential.

06/25/2026, 5:06 AM • The Motley Fool

D-Wave’s New Simulator: How Does It Change the Quantum Computing Landscape?

D-Wave announced a new gate-model quantum computing simulator that could help the company expand beyond its traditional government and academic customer base. While the simulator initially boosted QBTS shares by 8%, the company faces challenges with declining Q1 revenue ($2.9M) despite strong bookings. The simulator's primary near-term value is demonstrating D-Wave's commitment to dual-platform quantum computing, though analysts remain broadly bullish with a consensus price target of $36.80, representing 46% upside potential.

06/24/2026, 10:24 AM • Investing

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

Peers

Statistics

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Day Range
$18.52
$19.69
$18.66
1-Year Range
$12.98
$44.78
$18.66
Latest Close$18.66
Change
-$1.43 (-7.66%)
Volume17,058,134
Market Cap$7.4B
Shares Outstanding367.3M
P/E (TTM)-18.63
Diluted EPS (TTM)-$1.08
Enterprise Value$7.1B

Information as of 07/13/2026

Company Profile

$7.4B
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 (81.19%)
  • Mutual Funds310.7M (16.14%)
  • Insiders51.5M (2.68%)
  • Other0 (0.00%)