D-Wave Quantum Inc.
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About the company
Operating globally, D-Wave Quantum Inc. specializes in developing and supplying quantum computing systems, software, and related services. Their offerings include Advantage, a pioneering fifth-generation quantum computer, and Launch, an onboarding service designed for quantum computing adoption.
- CEO
- Alan E. Baratz
- IPO
- 2020
- Employees
- 216
- HQ
- Palo Alto, BC, CA
Price Chart
- Market Cap
- $8.28B
- P/E
- -19.60
- P/S
- 665.09
- P/B
- 7.37
- EV/EBITDA
- -20.65
- Div Yield
- 0.00%
- Gross Margin
- 66.27%
- Op Margin
- -1155.61%
- Net Margin
- -2957.23%
- ROE
- -44.05%
- ROIC
- -11.38%
- Revenue
- $24.59M · 178.54%
- Net Income
- $-355,062,000 · -146.78%
- EPS
- $-1.11 · -48.00%
- Op Income
- $-100,368,000
- FCF YoY
- -69.49%
- 52W High
- $46.75
- 52W Low
- $12.75
- 50D MA
- $23.35
- 200D MA
- $24.16
- Beta
- 2.10
- Avg Volume
- 35.45M
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Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jun 15, 26 | Ghai Rohit | sell | 13,518 |
| Jun 12, 26 | Markovich John M. | sell | 46,043 |
| Jun 15, 26 | Markovich John M. | sell | 100,000 |
| Jun 15, 26 | Markovich John M. | sell | 100,000 |
| Jun 15, 26 | Markovich John M. | other | 10,584 |
| Jun 15, 26 | Nguyen Diane | other | 3,191 |
| Jun 15, 26 | BLACK STANLEY T | other | 1,535 |
| Jun 15, 26 | AMES SOPHIE C | other | 1,544 |
| Jun 8, 26 | BARATZ ALAN E | other | 213,232 |
| Jun 8, 26 | BARATZ ALAN E | other | 474,395 |
Our QBTS coverage
Recent articles, reports, and earnings notes.
D-Wave Quantum (QBTS): Quantum Growth With Valuation Risk
D-Wave posted 179% FY2025 revenue growth, 82.6% gross margin, and $884.5M in cash, but the stock still trades at a steep valuation. The report rates QBTS a Buy, with commercialization traction offset by ongoing losses and execution risk.
Inside the IQM Quantum Computers SPAC Deal: Terms, Risks, Verdict
IQM Quantum Computers is a Finland-based superconducting quantum hardware company going public via a merger with Real Asset Acquisition Corp. (Nasdaq: RAAQ), with the deal still working through SEC and shareholder-approval steps. The setup has real revenue and a large PIPE behind it, but investors should watch redemption risk, dilution, and whether the trust cash survives intact.
IQM Quantum Computers IPO: The Bull and Bear Case
IQM Quantum Computers Oyj American Depositary Shares is expected to list on NASDAQ on 2026-07-02, but the price range has not been disclosed. The deal is a SPAC merger with Real Asset Acquisition Corp. under ticker IQMX. Bull case: a real systems-delivery track record; bear case: quantum remains early, loss-making, and execution-heavy.
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