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Buy Day today: Neutral (53) Mixed market breadth · no major macro event

D-Wave Quantum Inc. (QBTS)

Technology Computer Hardware
18.10 $
+0.6% vs. previous close
Closing price · As of: 31. Jul 2026
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Basics

Market Cap
6.7$B
Shares Outstanding
367Mio.
Float
97.5%
Beta
2.1

Performance

Perf. 1M
-19.20%
Perf. 3M
71.40%
Perf. 6M
-13.40%
YTD Performance (%)
-4.30%
52-Week-High Distance
-53.1%
Perf. 1Y
53.82%
Perf. 3Y
1,435.60%
Perf. 5Y
132.36%

Valuation

P/E
Forward P/E
0.0
PEG
P/B
6.2
P/S
536.3
EV/EBITDA
-2.1
Price/FCF

Profitability

Gross Margin
66.3%
EBIT Margin
-1,914.9%
Net Margin
0.0%
Return on Equity
-55.3%
Return on Assets
-11.8%

Balance Sheet & Safety

Equity Ratio
93.7%
Debt/Equity
0.1
fortress balance sheet
Altman Z″
17.12
Piotroski
3 out of 9

Growth

Sales Growth Last Quarter
-80.90%
EPS Growth Last Quarter
0.00%
Sales Growth (Year)
178.54%
Forward Sales Growth
100.87%
Forward EPS Growth
-24.60%

Dividend

This stock currently pays no dividend.

Quality & Screener

Stage
3
RS Rating
75
EPS Rating
42
Piotroski
3 out of 9
Fundamental Rating
D (42 out of 100)
fortress balance sheet
Altman Z″
17.12

AI Rating

Not yet rated — we only show a category once an SEC-backed file with at least two cited passages is available. How the Rating Is Built

Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.

Analysts & Price Target

Current Price 18.10 $
Price Target (average) 37.39 $

The price target sits 106.6% above the current price.

Consensus
Strong Buy

Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.

Next Reporting Date

6. Aug 2026 · before the open · Q2 2026
Expected Earnings per Share
-0.12 $

Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.

Revenue & Profit

Cash Flow

Balance Sheet

Margins

Per Share

Click the chart or tab into it, then use ← and → to step through the periods.

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The figures could not be loaded right now.

Sales Per Quarter ($M)
2024: Q4 · 2.3 $M Q4 2025: Q1 · 15.0 $M Q1 2025: Q2 · 3.1 $M Q2 2025: Q3 · 3.7 $M Q3 2025: Q4 · 2.8 $M Q4 2026: Q1 · 2.9 $M Q1

Source: fundamental data

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Quarterly Figures

Quarterly Figures
Quarter EPS (Earnings Per Share) EPS YoY (%) Sales ($M) Sales YoY (%) Net Margin (%) OCF ($M) FCF ($M)
2024: Q4 -0.37 2 -20.50 -3,727.90 2 1
2025: Q1 -0.02 15 508.60 -36.10 -19 -20
2025: Q2 -0.57 3 41.80 -5,406.40 -15 -16
2025: Q3 -0.41 4 99.90 -3,743.90 -19 -20
2025: Q4 -0.12 3 19.20 -1,538.00 -18 -20
2026: Q1 -0.05 3 -80.90 -642.30 -45 -46
What Do These Terms Mean?
EPS (Earnings Per Share):
Quarterly profit divided by the total share count — how much of the profit works out to a single share.
YoY (Year over Year):
Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
Sales:
All revenue for the quarter, before any costs are deducted — the top line of the income statement.
Net Margin:
What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
OCF (Operating Cash Flow):
The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
FCF (Free Cash Flow):
Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.

About the Company

D-Wave Quantum Inc. ist in der Entwicklung und Bereitstellung von Quantencomputersystemen, -software und -diensten weltweit tätig.

CEO Insider Trades (12 Mo.)selling own stock
Employees382
HeadquartersPalo Alto, CA
Websitedwavequantum.com
IPO Date8. Aug 2022

Management

Management
Name Title Birth Year
Alan E. Baratz Ph.D. President, CEO & Director 1955
John M. Markovich Executive VP & CFO 1957
Diane Nguyen Executive VP, Chief Legal Officer & General Counsel 1985
Eric Ladizinsky Co-Founder & Chief Scientist
Stanley T. Black CISSP Executive VP & Chief Information Security Officer 1966
Kevin M. Hunt Senior Director of Investor Relations
Allison Schwartz Senior Vice President of Global Government Relations & Public Affairs
Michelle Maggs Senior Vice President of Marketing
Sophie C. Ames Executive VP & Chief Human Resources Officer 1965
Trevor Lanting Chief Development Officer

Executives per the latest required filings; titles kept in their original language. Source: fundamental data.

Insider Transactions

Insider Transactions
Date Person Role Type Shares Price Value
20. Jul 2026 Ames Sophie C Exec. Vice President & CHRO Sell 3,070 16.95 52,042
14. Jul 2026 Baratz Alan E President & CEO Other 52,320 18.66 976,291
14. Jul 2026 Markovich John M. Chief Financial Officer Other 8,607 18.66 160,607
14. Jul 2026 Ames Sophie C Exec. Vice President & CHRO Other 3,180 18.66 59,339
14. Jul 2026 Nguyen Diane EVP, Chief Legal Officer & GC Other 4,066 18.66 75,872
20. Apr 2026 Sophie C Ames VP Sell 3,070 21.35 65,545

Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.

View all insider transactions →

Chart

Interactive price chart (TradingView).

Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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