QBTS
D-Wave Quantum Inc.
NYSE: QBTS · TECHNOLOGY · COMPUTER HARDWARE
$21.69
+0.79% today
Updated 2026-04-17
Market cap
$8.02B
P/E ratio
—
EPS (TTM)
$-1.12
Dividend yield
—
52W range
$6 – $47
Volume
26.4M
WallStSmart proprietary scores
25
out of 100
Grade: F
Strong Sell
Investment rating
7.3
Growth
B+7.0
Quality
B+2.5
Profitability
F5.0
Valuation
C+5/9
Piotroski F-Score
Moderate
-8.9
Altman Z-Score
Distress
—
Industry rank
—
View all highly rated stocks (75+) →192 stocks currently score above 75
Price targets
Analyst target
$36.76
+69.48%
12-Month target
—
—
Intrinsic (DCF)
—
Margin of safety
—
1 Strong Buy12 Buy1 Hold0 Sell0 Strong Sell
Price chart
X-Ray snapshot
Strengths
+ Revenue growth 19.20% QoQ
+ Debt/equity 0.06x — low leverage
Risks
- Altman Z -8.86 — distress zone
- Thin margins at 0.00%
- Negative free cash flow $-20.03M
Key financials
Revenue Net Income Free Cash Flow
| Metric | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|
| Revenue | $7.17M | $8.76M | $8.83M | $24.59M | $24.59M |
| Net income | $-53.70M | $-82.72M | $-143.88M | $-355.06M | $-42.33M |
| EPS | — | — | — | — | $-1.12 |
| Free cash flow | $-45.72M | $-61.28M | $-44.75M | $-75.84M | $-20.03M |
| Profit margin | -748.67% | -944.45% | -1,629.99% | -1,444.10% | — |
Recent insider activity
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-03-16 | GHAI, ROHIT | Sale | 10,000 | $17.62 |
| 2026-03-13 | NGUYEN, DIANE | Sale | 2,532 | $17.63 |
| 2026-03-13 | MARKOVICH, JOHN M. | Sale | 10,706 | $17.63 |
Peer comparison
Smart narrative
D-Wave Quantum Inc. trades at $21.69. Our Smart Value Score of 25/100 indicates the stock is weak. The company scores 5/9 on the Piotroski F-Score. With an Altman Z-Score of -8.86, it sits in the distress. TTM revenue stands at $24.59M.
Frequently asked questions
What is D-Wave Quantum Inc.'s stock price?
D-Wave Quantum Inc. (QBTS) trades at $21.69.
Is D-Wave Quantum Inc. overvalued?
Smart Value Score 25/100 (Grade F, Strong Sell).
What is the price target of D-Wave Quantum Inc. (QBTS)?
The analyst target price is $36.76, representing +69.5% upside from the current price of $21.69.
What is D-Wave Quantum Inc.'s revenue?
TTM revenue is $24.59M.
Piotroski F-Score?
5/9 — moderate financial health.
Altman Z-Score?
-8.86 — distress.
Company info
SectorTECHNOLOGY
IndustryCOMPUTER HARDWARE
CountryUSA
ExchangeNYSE
CurrencyUSD
Quick metrics
P/S ratio326.33x
ROE-77.60%
Beta1.77
50D MA$17.48
200D MA$22.47
Shares out0.37B
Float0.36B
Short ratio—
Avg volume26.4M
Performance
1 week—
1 month—
3 months—
YTD—
1 year—
3 years—
5 years—