D-Wave Quantum (QBTS) Stock

$6.07 -0.19 (-3.04%)

Market Cap: $1.62B | NYSE

D-Wave Quantum Chart

Company Profile

Price: $6.07

Market Cap: $1.62B

Exchange: NYSE

CEO: Dr. Alan E. Baratz Ph.D.

Sector: Technology

Industry: Computer Hardware

Employees: -0.00B

Headquarters: Burnaby, BC

Website: D-Wave Quantum

Business Summary

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Launch, a quantum computing onboarding service; Ocean a full suite of open-source programming tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through in-production application deployment. The company's quantum solutions are used in artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. It serves manufacturing and logistics, financial services, life sciences, and other industries. D-Wave Quantum Inc. is based in Burnaby, Canada.

D-Wave Quantum News

Why Quantum Computing Stocks Rigetti Computing, D-Wave Quantum, and Quantum Computing Fell Double Digits in January

Quantum computing stocks went on a roller-coaster ride last month as the high-flying emerging technology sector reacted to commentary from top tech leaders and others in the industry.

D-Wave Launches “Quantum Realized” Brand Campaign to Illustrate Benefits of Today's Quantum Computing

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software and services, and the world's first commercial supplier of quantum computers, today launched a new integrated brand campaign, “Quantum Realized,” to showcase the benefits of today's quantum computing. The new campaign launched with an open letter from D-Wave CEO Dr. Alan Baratz published in The Wall Street Journal about the status of quantum computing.

Quantum Computing Stocks Tumbled in January. Should You Buy the Dip?

Quantum computing stocks skyrocketed at the end of 2024. Pure-play stocks in this corner of the tech sector saw absolutely stellar price gains from Nov. 1 to Dec. 31.

Which Quantum Computing Stocks Are Most Likely to Make You a Millionaire?

One path to amassing a fortune is to identify the next big thing and invest in the companies poised to emerge as the leaders in it. For example, you might have bought shares of Microsoft in the early days of the PC or Amazon in the early innings of the internet.

Rigetti (RGTI), D-Wave Quantum (QBTS), and IonQ Are Down—But Are They Out?

Quantum computing stocks have exhibited extreme volatility in recent weeks.

Better Quantum Stock: D-Wave Quantum or Rigetti Computing?

Quantum computing has captured the imagination of investors. Despite the tech's multidecade timeline to maturity and possible widespread use, most quantum computing stocks have soared since President Trump's election victory last November.

3 Quantum Computing Stocks I'm Buying on the Dip

Quantum Computing Might Be the Biggest AI Trend of 2025, and This Stock Could Benefit

Quantum computing has been on the horizon for what feels like decades. But with the explosion of artificial intelligence (AI) over the past year or so, the quantum computing future could be upon us.

D-Wave: Recent Updates Propel Shares Off 2025 Lows

There has been a lot of news surrounding quantum computing stocks over the past two weeks. That is especially true for D-Wave Quantum NYSE: QBTS.

Wall Street Analysts Say This Quantum Computing Stock Could Soar 45% in 2025

In early December, Alphabet's Google announced a breakthrough in quantum computing that has the potential to push the entire industry forward. Its Willow quantum chip can reduce errors exponentially as it adds more qubits (the fundamental building blocks of quantum computing chips).

D-Wave: I Still See An Asymmetric Risk-Reward Bet

I see strong potential in D-Wave's aggressive expansion strategy, particularly its LaunchPad program, offering 3-month free trials to new customers. I believe the Carahsoft partnership will open doors to several government contracts, significantly expanding D-Wave's footprint in the public sector. I highly appreciate CEO Alan Baratz's proactive media approach, especially after his public response to Jensen Huang's comments during the January 2025 selloff.

2 Popular Quantum Computing Stocks Could Drop 52% and 77%, According to Wall Street

Alphabet subsidiary Google recently announced two major technical achievements with its Willow quantum computing chip. In response to the news, shares of Rigetti Computing (RGTI -3.16%) and D-Wave Quantum (QBTS -3.52%) during the next three weeks advanced 280% and 110%, respectively.

D-Wave Announces Successful Completion of $150 Million At-the-Market Equity Offering

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, and the world's first commercial supplier of quantum computers, today announced that it has successfully completed sales of $150 million in gross proceeds of its common stock pursuant to its previously disclosed $150 million "at-the-market" equity offering program (the “ATM Program”). The $150 million ATM Program, which was filed on Jan.

QBTS CEO: NVDA's Jensen Huang "Couldn't be More Wrong" on Quantum

Dr. Alan Baratz notes that some aspects of quantum computing won't be usable for 20 years, but D-Wave Quantum's (QBTS) use of the technology can be commercialized now. "Let the market see for itself" what quantum can do, says Alan.

D-Wave Announces New Leap Quantum LaunchPad™ Program to Fast-track Deployment of Quantum Computing Applications

PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services, and the world's first supplier of production-grade quantum computers, announced today the introduction of the new Leap Quantum LaunchPad™ program, an initiative designed to accelerate the deployment of quantum computing applications. The program offers free trial access to D-WaveTM technology and expertise to help customers use annealin.

Beyond Rigetti: Top 3 Quantum Computing Stock Picks

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Quantum computing comes into focus

CNBC's Kate Rooney reports on the latest regarding quantum computing stocks.

The More I Looked, D-Wave Quantum Struck Me As Less Of A Niche And More As A Leader

I first believed the main competitive battle in quantum computing would involve how to generate qubits (units of information); IonQ's ion-trapping method or the supercomputing approach championed by Rigetti. It tuns out there's another battle involving how to build logic and solve problems; logic gates (used by IonQ and Rigettias well in traditional computing) versus D-Wave Quantum's (QBTS). Annealing is especially strong for optimization problems, which QBTS expects to comprise about 25% of quantum's total addressable market.

Quantum Computing Stocks Roars Back to Life. Time to Buy?

After being pummeled to losses of 50% to 60% in the span of just a few days, quantum computing stocks surged higher on Tuesday with Rigetti Computing (NASDAQ:RGTI) rocketing 48% higher.

Why Rigetti Computing, IonQ, D-Wave Quantum, and Quantum Computing Stocks All Exploded Higher on Wednesday

Everyone is buying the wrong quantum stock today.

Massive News for Rigetti Stock, IonQ Stock, Quantum Computing Stock, and D-Wave Stock Investors

Comments from Meta Platforms (META 3.02%) CEO Mark Zuckerberg fueled the sell-off in quantum computing stocks.

AI picks two quantum computing stocks to buy in January

The quantum computing industry is emerging as one of the most dynamic frontiers for investment, fueled by a growing demand from both commercial and government sectors.

The crazy ride in quantum computing stocks continues as shares rip higher on Microsoft's 'quantum ready' directive

Quantum computing stocks rallied Wednesday following a directive from Microsoft urging businesses to get "quantum-ready" in 2025. The news lifted shares of Rigetti Computing, D-Wave Quantum and IonQ

D-Wave and Carahsoft Partner to Expand Distribution of Quantum Computing Solutions to the Public Sector

PALO ALTO, Calif. & RESTON, Va.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced a partnership. Under the agreement, Carahsoft will serve as D-Wave's Master Government Aggregator®, making the Company's cutting-edge quantum computing technologies a.

Be Careful With These Quantum Computing Stocks

All it took to derail a rally that had sent shares of pure-play quantum computing stocks soaring was a single comment from a tech CEO. When Nvidia's Jensen Huang suggested that a useful quantum computer was likely decades away, shares of IonQ (IONQ 5.92%) and D-Wave Quantum (QBTS 23.50%) fell off a cliff.

There's no 'business' right now for quantum computing companies, says NYU's Aswath Damodaran

Aswath Damodaran, NYU Stern School of Business professor of finance, joins CNBC's 'Closing Bell' to discuss outlooks on quantum computing.

Nvidia CEO Was Wrong on Quantum, Says D-Wave CEO

Quantum computing stocks took a hit after Nvidia CEO Jensen Huang said strong use cases for the technology are at least a decade away. D-Wave Quantum saw it's share price fall.

Can Quantum Computing Stocks Recover From Mark Zuckerberg's Second Gut Punch?

A day after quantum computing stocks took it on the chin again after Meta Platforms (NASDAQ:META) CEO Mark Zuckerberg cast doubts on the sector's viability in the near term, they are rising sharply once more.

D-Wave: The Only Quantum Computing Company For A Decade

D-Wave has a significant first-mover advantage with commercially useful quantum annealing technology, unlike competitors who are decades away from viable quantum gate computers. A Recent capital raise at a higher share price reduced forecast dilution, and changes to its business model, including premium pricing, improve the margin outlook. D-Wave's sale of its first quantum computer and record bookings suggest it will exceed revenue forecasts, perhaps doubling medium-term revenue targets.

Why Shares of Quantum Computing Stocks D-Wave Quantum, Quantum Computing, and Rigetti Computing Were Plunging Again Today

Shares of quantum computing stocks like D-Wave Quantum (QBTS -31.20%), Quantum Computing (QUBT -24.39%), and Rigetti Computing (RGTI -28.66%) were tumbling again on Monday for the second time in just three sessions after Meta Platforms CEO Mark Zuckerberg added his name to the growing chorus of skeptics on the new technology.

D-Wave Quantum Earnings

This section highlights D-Wave Quantum's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.

Next Earnings Date

Date: March 27, 2025

Time: Before Market

Est. EPS: $-0.09

Status: Unconfirmed

Last Earnings Results

Date: November 14, 2024

EPS: $-0.11

Est. EPS: $-0.08

Revenue: $1.87M

Earnings Call Transcripts

Transcript	Quarter	Year	Date	Estimated EPS	Actual EPS
Read Transcript	Q3	2024	2024-11-14	$-0.08	$-0.11
Read Transcript	Q2	2024	2024-08-08	$-0.10	$-0.10
Read Transcript	Q1	2024	2024-05-13	$-0.08	$-0.11
Read Transcript	Q4	2023	2024-03-28	$-0.10	$-0.10
Read Transcript	Q2	2023	2023-08-10	$-0.13	$-0.14
Read Transcript	Q1	2023	2023-05-19	$-0.12	$-0.20

Financial Statements

Access annual & quarterly financial statements for D-Wave Quantum, including income statements, balance sheets, and cash flow statements..

Breakdown	December 31, 2023	December 31, 2022	December 31, 2021	December 31, 2020
Revenue	$8.76M	$7.17M	$6.28M	$5.16M
Cost of Revenue	$4.14M	$2.92M	$1.75M	$915.00K
Gross Profit	$4.62M	$4.25M	$4.53M	$4.25M
Gross Profit Ratio	52.77%	59.25%	72.13%	82.27%
Research and Development Expenses	$37.88M	$32.10M	$25.40M	$20.41M
General and Administrative Expenses	$37.01M	$21.54M	$11.90M	$11.59M
Selling and Marketing Expenses	$10.28M	$10.07M	$6.18M	$3.71M
Selling General and Administrative Expenses	$47.29M	$31.61M	$18.08M	$15.30M
Other Expenses	$-	$716.00K	$-7.17M	$-12.03M
Operating Expenses	$85.17M	$63.71M	$36.31M	$23.68M
Cost and Expenses	$89.30M	$66.63M	$38.06M	$24.60M
Interest Income	$-	$5.67M	$1.73M	$48.91K
Interest Expense	$37.00K	$4.63M	$1.73M	$5.26M
Depreciation and Amortization	$1.84M	$2.33M	$2.60M	$2.73M
EBITDA	$-80.83M	$-49.03M	$-34.36M	$-14.06M
EBITDA Ratio	-922.96%	-707.32%	-451.95%	-266.38%
Operating Income	$-80.55M	$-59.46M	$-31.78M	$-19.44M
Operating Income Ratio	-919.68%	-828.91%	-506.15%	-376.74%
Total Other Income Expenses Net	$-2.17M	$5.76M	$-2.02M	$-2.53M
Income Before Tax	$-82.72M	$-51.53M	$-31.55M	$-10.02M
Income Before Tax Ratio	-944.45%	-718.37%	-502.39%	-194.17%
Income Tax Expense	$-	$-12.56M	$2.53M	$8.23M
Net Income	$-82.72M	$-38.97M	$-34.07M	$-18.25M
Net Income Ratio	-944.45%	-543.25%	-542.67%	-353.59%
EPS	$-0.60	$-0.33	$-0.27	$-0.49
EPS Diluted	$-0.60	$-0.33	$-0.27	$-0.49
Weighted Average Shares Outstanding	137.99M	119.65M	125.34M	37.50M
Weighted Average Shares Outstanding Diluted	137.99M	119.65M	125.34M	37.50M
SEC Filing	Source	Source	Source	Source

Income Statement Charts

Breakdown	September 30, 2024	June 30, 2024	March 31, 2024	December 31, 2023	September 30, 2023	June 30, 2023	March 31, 2023	December 31, 2022	September 30, 2022	June 30, 2022	March 31, 2022	December 31, 2021	September 30, 2021	June 30, 2021	March 31, 2021
Revenue	$1.87M	$2.18M	$2.46M	$2.91M	$2.56M	$1.71M	$1.58M	$2.40M	$1.70M	$1.37M	$1.71M	$2.43M	$1.31M	$1.14M	$1.41M
Cost of Revenue	$827.00K	$795.00K	$806.00K	$939.00K	$1.03M	$1.00M	$1.16M	$1.15M	$609.00K	$586.00K	$584.00K	$877.00K	$307.00K	$448.00K	$298.00K
Gross Profit	$1.04M	$1.39M	$1.66M	$1.97M	$1.53M	$705.00K	$421.00K	$1.25M	$1.09M	$785.00K	$1.13M	$1.55M	$1.00M	$689.00K	$1.11M
Gross Profit Ratio	55.78%	63.58%	67.30%	67.69%	59.68%	41.30%	26.60%	52.19%	64.07%	57.26%	65.91%	63.85%	76.51%	60.60%	78.87%
Research and Development Expenses	$8.67M	$8.36M	$8.53M	$7.96M	$9.46M	$9.55M	$10.91M	$11.17M	$7.33M	$7.07M	$6.53M	$6.13M	$6.31M	$6.29M	$6.48M
General and Administrative Expenses	$9.26M	$7.47M	$7.57M	$8.14M	$8.00M	$9.58M	$11.30M	$7.01M	$6.92M	$3.96M	$3.65M	$4.07M	$2.80M	$2.51M	$2.52M
Selling and Marketing Expenses	$3.75M	$4.40M	$3.08M	$2.41M	$2.47M	$2.49M	$2.90M	$4.63M	$2.10M	$1.74M	$1.60M	$2.20M	$1.68M	$1.23M	$1.07M
Selling General and Administrative Expenses	$13.01M	$11.87M	$10.65M	$10.55M	$10.48M	$12.06M	$14.20M	$11.64M	$9.02M	$5.70M	$5.25M	$6.27M	$4.48M	$3.73M	$3.59M
Other Expenses	$-	$-	$2.34M	$-1.57M	$1.34M	$-1.72M	$-102.00K	$-585.00K	$948.00K	$533.00K	$-181.00K	$132.00K	$65.00K	$289.00K	$315.00K
Operating Expenses	$21.68M	$20.23M	$19.18M	$18.51M	$18.89M	$21.61M	$25.11M	$22.81M	$16.35M	$12.77M	$11.77M	$14.38M	$6.23M	$5.44M	$10.08M
Cost and Expenses	$22.51M	$21.02M	$19.98M	$19.45M	$19.92M	$22.61M	$26.27M	$23.95M	$16.96M	$13.36M	$12.36M	$15.26M	$6.54M	$5.89M	$10.37M
Interest Income	$-	$-	$-	$-	$-	$2.17M	$454.00K	$4.63M	$1.07M	$-	$-	$-	$-	$-	$-
Interest Expense	$1.18M	$1.16M	$1.14M	$-	$1.76M	$781.00K	$454.00K	$759.00K	$1.34M	$1.75M	$792.00K	$1.14M	$205.00K	$207.00K	$177.00K
Depreciation and Amortization	$450.00K	$480.00K	$428.00K	$425.00K	$383.00K	$473.00K	$545.00K	$802.00K	$367.00K	$525.00K	$639.00K	$703.00K	$655.00K	$617.00K	$627.00K
EBITDA	$-21.08M	$-16.14M	$-15.74M	$-16.12M	$-14.69M	$-24.64M	$-23.61M	$-14.16M	$-11.72M	$-11.35M	$-10.54M	$-10.46M	$-9.40M	$-1.33M	$-8.58M
EBITDA Ratio	-1127.38%	-739.26%	-693.23%	-554.61%	-625.10%	-1297.54%	-1531.71%	-658.33%	-817.46%	-835.30%	-594.51%	-494.56%	-345.29%	-338.08%	-568.94%
Operating Income	$-20.64M	$-18.84M	$-17.52M	$-16.54M	$-18.41M	$-20.91M	$-24.69M	$-21.56M	$-15.27M	$-11.98M	$-10.64M	$-10.85M	$-9.79M	$-9.34M	$-8.96M
Operating Income Ratio	-1103.53%	-862.99%	-710.59%	-569.24%	-718.46%	-1224.78%	-1559.70%	-900.21%	-900.77%	-874.18%	-621.25%	-447.40%	-749.27%	-821.11%	-635.74%
Total Other Income Expenses Net	$-2.08M	$1.06M	$204.00K	$528.00K	$2.30M	$-4.99M	$82.00K	$7.90M	$2.21M	$-795.00K	$-602.00K	$-2.99M	$5.58M	$4.67M	$138.00K
Income Before Tax	$-22.71M	$-17.78M	$-17.31M	$-16.01M	$-15.83M	$-25.90M	$-24.61M	$-13.66M	$-13.05M	$-13.20M	$-11.62M	$-13.84M	$-4.21M	$-4.67M	$-8.83M
Income Before Tax Ratio	-1214.55%	-814.38%	-702.31%	-551.07%	-617.84%	-1517.16%	-1554.52%	-570.40%	-770.09%	-962.65%	-678.05%	-570.49%	-322.04%	-410.55%	-625.96%
Income Tax Expense	$-	$-	$384.72K	$-1.64M	$2.21M	$-934.00K	$372.00K	$-3.57M	$-2.21M	$1.21M	$973.00K	$1.27M	$270.00K	$496.00K	$492.00K
Net Income	$-22.71M	$-17.78M	$-17.31M	$-16.01M	$-15.83M	$-25.90M	$-24.98M	$-10.09M	$-10.84M	$-14.41M	$-12.59M	$-13.84M	$-4.21M	$-4.67M	$-8.83M
Net Income Ratio	-1214.55%	-814.38%	-702.31%	-551.07%	-617.84%	-1517.16%	-1578.02%	-421.34%	-639.41%	-1051.13%	-734.85%	-570.49%	-322.04%	-410.55%	-625.96%
EPS	$-0.11	$-0.10	$-0.11	$-0.10	$-0.12	$-0.20	$-0.20	$-0.09	$-0.09	$-0.13	$-0.11	$-0.11	$-0.04	$-0.04	$-0.08
EPS Diluted	$-0.11	$-0.10	$-0.11	$-0.10	$-0.12	$-0.20	$-0.20	$-0.09	$-0.09	$-0.13	$-0.11	$-0.11	$-0.04	$-0.04	$-0.08
Weighted Average Shares Outstanding	201.59M	172.14M	161.31M	158.87M	133.22M	127.34M	123.14M	113.34M	116.26M	109.74M	109.74M	125.38M	109.74M	109.74M	109.74M
Weighted Average Shares Outstanding Diluted	201.59M	172.14M	161.31M	158.87M	133.22M	127.34M	123.14M	113.34M	116.26M	109.74M	109.74M	125.38M	109.74M	109.74M	109.74M
SEC Filing	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source	Source

Annual Balance Sheet

Annual
Quarterly

Breakdown	December 31, 2023	December 31, 2022	December 31, 2021	December 31, 2020
Cash and Cash Equivalents	$41.31M	$7.07M	$9.48M	$21.34M
Short Term Investments	$-	$-	$-	$-
Cash and Short Term Investments	$41.31M	$7.07M	$9.48M	$21.34M
Net Receivables	$1.74M	$815.00K	$438.00K	$16.18M
Inventory	$2.08M	$2.20M	$2.11M	$2.52M
Other Current Assets	$1.92M	$3.85M	$7.12M	$1.24M
Total Current Assets	$47.05M	$13.93M	$19.16M	$41.28M
Property Plant Equipment Net	$10.77M	$11.43M	$11.83M	$5.84M
Goodwill	$-	$-	$-	$-
Intangible Assets	$179.00K	$244.00K	$272.00K	$148.00K
Goodwill and Intangible Assets	$179.00K	$244.00K	$272.00K	$148.00K
Long Term Investments	$1.17M	$1.17M	$1.17M	$5.00K
Tax Assets	$-	$-	$-	$-
Other Non-Current Assets	$189.00K	$183.00K	$184.00K	$182.00K
Total Non-Current Assets	$12.31M	$13.02M	$13.45M	$6.18M
Other Assets	$-	$-	$-	$-
Total Assets	$59.36M	$26.95M	$32.61M	$47.46M
Account Payables	$1.47M	$3.76M	$2.11M	$2.18M
Short Term Debt	$1.77M	$3.82M	$1.95M	$1.90M
Tax Payables	$-	$-	$-	$-
Deferred Revenue	$2.67M	$1.78M	$2.69M	$4.71M
Other Current Liabilities	$5.34M	$6.69M	$6.24M	$7.90M
Total Current Liabilities	$11.25M	$15.85M	$10.29M	$11.97M
Long Term Debt	$70.88M	$38.47M	$19.22M	$2.76M
Deferred Revenue Non-Current	$79.00K	$9.00K	$54.00K	$-
Deferred Tax Liabilities Non-Current	$-	$-	$-	$-
Other Non-Current Liabilities	$1.63M	$1.89M	$18.00K	$-
Total Non-Current Liabilities	$72.59M	$17.27M	$19.30M	$2.76M
Other Liabilities	$-	$-	$-	$-
Total Liabilities	$83.84M	$33.12M	$29.59M	$14.73M
Preferred Stock	$-	$-	$189.88M	$189.88M
Common Stock	$16.00K	$11.00K	$2.61M	$2.49M
Retained Earnings	$-483.06M	$-377.06M	$-325.27M	$-293.72M
Accumulated Other Comprehensive Income Loss	$-10.52M	$-10.40M	$-10.44M	$-10.46M
Other Total Stockholders Equity	$469.08M	$381.27M	$148.85M	$144.54M
Total Stockholders Equity	$-24.48M	$-6.17M	$3.02M	$32.73M
Total Equity	$-24.48M	$-6.17M	$3.02M	$32.73M
Total Liabilities and Stockholders Equity	$59.36M	$26.95M	$32.61M	$47.46M
Minority Interest	$-	$-	$-	$-
Total Liabilities and Total Equity	$59.36M	$26.95M	$32.61M	$47.46M
Total Investments	$1.17M	$1.17M	$1.17M	$5.00K
Total Debt	$72.65M	$18.99M	$21.17M	$4.66M
Net Debt	$31.34M	$11.93M	$11.69M	$-16.68M

Balance Sheet Charts

Breakdown	September 30, 2024	June 30, 2024	March 31, 2024	December 31, 2023	September 30, 2023	June 30, 2023	March 31, 2023	December 31, 2022	September 30, 2022	June 30, 2022	March 31, 2022	December 31, 2021	September 30, 2021	June 30, 2021	March 31, 2021
Cash and Cash Equivalents	$29.27M	$40.86M	$27.30M	$41.31M	$53.32M	$7.51M	$8.99M	$7.07M	$13.76M	$10.47M	$17.66M	$9.48M	$248.58K	$353.43K	$924.59K
Short Term Investments	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$42.67M
Cash and Short Term Investments	$29.27M	$40.86M	$27.30M	$41.31M	$53.32M	$7.51M	$8.99M	$7.07M	$13.76M	$10.47M	$17.66M	$9.48M	$248.58K	$353.43K	$924.59K
Net Receivables	$1.46M	$1.57M	$1.74M	$1.74M	$763.00K	$803.00K	$601.00K	$815.00K	$2.04M	$918.00K	$747.00K	$438.00K	$-	$-	$-
Inventory	$1.90M	$2.13M	$2.08M	$2.08M	$2.24M	$2.33M	$2.24M	$2.20M	$2.53M	$2.15M	$2.05M	$2.11M	$-	$-	$-
Other Current Assets	$2.45M	$2.35M	$2.57M	$1.42M	$1.87M	$2.20M	$3.08M	$3.85M	$7.94M	$9.65M	$7.36M	$7.12M	$257.67K	$340.44K	$396.86K
Total Current Assets	$35.08M	$46.91M	$33.69M	$47.05M	$58.19M	$12.84M	$14.91M	$13.93M	$26.28M	$23.18M	$27.82M	$19.16M	$506.25K	$693.88K	$1.32M
Property Plant Equipment Net	$11.06M	$10.79M	$10.79M	$10.77M	$10.44M	$10.51M	$10.97M	$11.43M	$10.60M	$10.89M	$11.34M	$11.83M	$-	$-	$-
Goodwill	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Intangible Assets	$436.00K	$408.00K	$302.00K	$179.00K	$195.00K	$205.00K	$228.00K	$244.00K	$262.00K	$262.00K	$266.00K	$272.00K	$-	$-	$-
Goodwill and Intangible Assets	$436.00K	$408.00K	$302.00K	$179.00K	$195.00K	$205.00K	$228.00K	$244.00K	$262.00K	$262.00K	$266.00K	$272.00K	$-	$-	$-
Long Term Investments	$2.57M	$3.46M	$3.60M	$1.17M	$1.20M	$1.20M	$1.20M	$1.17M	$-	$-	$300.23M	$1.17M	$300.15M	$300.12M	$300.12M
Tax Assets	$-	$-3.46M	$-	$-	$-1.20M	$-1.20M	$-1.20M	$-	$-	$-	$-300.23M	$-	$-	$-	$-
Other Non-Current Assets	$415.00K	$243.00K	$233.00K	$189.00K	$1.35M	$1.35M	$1.35M	$183.00K	$1.34M	$1.35M	$1.35M	$184.00K	$-	$-	$-
Total Non-Current Assets	$14.48M	$14.90M	$14.92M	$12.31M	$11.98M	$12.07M	$12.55M	$13.02M	$12.21M	$12.50M	$12.96M	$13.45M	$300.15M	$300.12M	$300.12M
Other Assets	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Total Assets	$49.56M	$61.81M	$48.60M	$59.36M	$70.18M	$24.91M	$27.46M	$26.95M	$38.49M	$35.69M	$40.77M	$32.61M	$300.65M	$300.82M	$301.44M
Account Payables	$696.00K	$1.17M	$1.04M	$1.47M	$1.54M	$4.11M	$5.61M	$3.76M	$3.16M	$2.48M	$3.05M	$2.11M	$-	$-	$-
Short Term Debt	$17.23M	$35.62M	$3.27M	$3.15M	$31.50M	$17.58M	$2.69M	$3.82M	$4.14M	$22.96M	$16.98M	$1.95M	$-	$-	$-
Tax Payables	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Deferred Revenue	$2.91M	$2.59M	$2.00M	$2.67M	$2.18M	$2.87M	$1.83M	$1.78M	$2.01M	$2.60M	$2.57M	$2.69M	$-	$-	$-
Other Current Liabilities	$4.99M	$3.56M	$4.56M	$3.97M	$8.11M	$11.95M	$7.96M	$6.69M	$5.29M	$10.86M	$8.68M	$6.24M	$23.93M	$34.69M	$33.98M
Total Current Liabilities	$25.83M	$42.94M	$10.86M	$11.25M	$43.33M	$33.64M	$18.08M	$15.85M	$14.58M	$36.30M	$28.71M	$10.29M	$23.93M	$34.69M	$33.98M
Long Term Debt	$38.98M	$38.26M	$70.02M	$70.88M	$15.99M	$15.63M	$15.43M	$38.47M	$19.12M	$19.46M	$19.93M	$37.30M	$-	$-	$-
Deferred Revenue Non-Current	$57.00K	$33.00K	$399.00K	$79.00K	$92.00K	$120.00K	$9.00K	$9.00K	$-	$20.00K	$-	$54.00K	$-	$-	$-
Deferred Tax Liabilities Non-Current	$-	$-	$6.98M	$7.03M	$-9.11M	$-8.47M	$-	$-	$-	$-12.90M	$-	$-	$-	$-	$-
Other Non-Current Liabilities	$1.61M	$2.09M	$4.28M	$1.63M	$1.97M	$3.40M	$1.25M	$1.89M	$5.50M	$-	$-	$-18.01M	$-	$-	$-
Total Non-Current Liabilities	$40.65M	$40.38M	$74.70M	$72.59M	$18.05M	$19.16M	$16.69M	$17.27M	$24.62M	$19.48M	$19.93M	$19.30M	$-	$-	$-
Other Liabilities	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Total Liabilities	$66.48M	$83.33M	$85.56M	$83.84M	$61.38M	$52.80M	$34.77M	$33.12M	$39.20M	$55.78M	$48.65M	$29.59M	$23.93M	$34.69M	$33.98M
Preferred Stock	$-	$-	$-	$-	$-	$-	$-	$-	$-	$189.88M	$189.88M	$189.88M	$-	$-	$189.88M
Common Stock	$20.00K	$18.00K	$16.00K	$16.00K	$15.00K	$12.00K	$12.00K	$11.00K	$11.00K	$2.81M	$2.62M	$2.61M	$300.00M	$261.13M	$262.46M
Retained Earnings	$-540.86M	$-518.15M	$-500.37M	$-483.06M	$-443.13M	$-427.30M	$-401.40M	$-377.06M	$-363.14M	$-350.08M	$-336.88M	$-325.27M	$-23.28M	$-13.34M	$-12.01M
Accumulated Other Comprehensive Income Loss	$-10.60M	$-10.45M	$-10.47M	$-10.52M	$-10.47M	$-10.49M	$-10.42M	$-10.40M	$-10.43M	$-10.48M	$-10.51M	$-10.44M	$-	$-	$-157.15M
Other Total Stockholders Equity	$534.53M	$507.07M	$473.87M	$469.08M	$462.38M	$409.88M	$404.50M	$381.27M	$372.84M	$147.78M	$147.02M	$170.23M	$-	$18.34M	$-15.72M
Total Stockholders Equity	$-16.91M	$-21.51M	$-36.96M	$-24.48M	$8.80M	$-27.89M	$-7.31M	$-6.17M	$-710.00K	$-20.09M	$-7.88M	$3.02M	$276.72M	$266.13M	$267.46M
Total Equity	$-16.91M	$-21.51M	$-36.96M	$-24.48M	$8.80M	$-27.89M	$-7.31M	$-6.17M	$-710.00K	$-20.09M	$-7.88M	$3.02M	$276.72M	$266.13M	$267.46M
Total Liabilities and Stockholders Equity	$49.56M	$61.81M	$48.60M	$59.36M	$70.18M	$24.91M	$27.46M	$26.95M	$38.49M	$35.69M	$40.77M	$32.61M	$300.65M	$300.82M	$301.44M
Minority Interest	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Total Liabilities and Total Equity	$49.56M	$61.81M	$48.60M	$59.36M	$70.18M	$24.91M	$27.46M	$26.95M	$38.49M	$35.69M	$40.77M	$32.61M	$300.65M	$300.82M	$301.44M
Total Investments	$2.57M	$3.46M	$3.60M	$1.17M	$1.20M	$1.20M	$1.20M	$1.17M	$-	$-	$300.23M	$1.17M	$300.15M	$300.12M	$300.12M
Total Debt	$54.63M	$72.41M	$71.84M	$72.65M	$46.00M	$33.22M	$16.21M	$18.99M	$23.27M	$42.38M	$36.91M	$21.17M	$-	$-	$-
Net Debt	$25.36M	$31.55M	$44.53M	$31.34M	$-7.32M	$25.70M	$7.23M	$11.93M	$9.50M	$31.92M	$19.25M	$11.69M	$-248.58K	$-353.43K	$-924.59K

Annual Cash Flow

Annual
Quarterly

Breakdown	December 31, 2023	December 31, 2022	December 31, 2021	December 31, 2020
Net Income	$-82.72M	$-51.53M	$-31.55M	$-10.02M
Depreciation and Amortization	$1.84M	$2.33M	$2.60M	$2.73M
Deferred Income Tax	$-	$-	$-994.00K	$-11.30M
Stock Based Compensation	$21.92M	$9.16M	$1.74M	$2.99M
Change in Working Capital	$-2.70M	$3.02M	$-1.17M	$-7.09M
Accounts Receivables	$-554.00K	$-337.00K	$163.00K	$8.00M
Inventory	$-237.00K	$-148.00K	$182.00K	$-652.00K
Accounts Payables	$-2.61M	$3.60M	$-379.00K	$1.28M
Other Working Capital	$707.00K	$-90.00K	$-1.13M	$-15.72M
Other Non Cash Items	$1.00M	$-8.22M	$-5.44M	$-6.59M
Net Cash Provided by Operating Activities	$-60.65M	$-45.23M	$-34.80M	$-29.29M
Investments in Property Plant and Equipment	$-583.00K	$-498.00K	$-2.00M	$-789.00K
Acquisitions Net	$-	$-	$-	$-
Purchases of Investments	$-	$-	$-	$-300.00M
Sales Maturities of Investments	$-	$-	$-	$-
Other Investing Activities	$-47.00K	$-75.00K	$-225.00K	$300.00M
Net Cash Used for Investing Activities	$-630.00K	$-498.00K	$-2.00M	$-789.00K
Debt Repayment	$26.75M	$-1.91M	$-319.00K	$-
Common Stock Issued	$-	$40.00M	$85.00K	$5.00K
Common Stock Repurchased	$-416.00K	$-	$-	$-
Dividends Paid	$-	$-	$-	$-
Other Financing Activities	$68.89M	$5.17M	$25.23M	$43.14M
Net Cash Used Provided by Financing Activities	$95.64M	$43.27M	$24.91M	$43.14M
Effect of Forex Changes on Cash	$-115.00K	$41.00K	$34.00K	$-13.00K
Net Change in Cash	$34.24M	$-2.42M	$-11.85M	$13.05M
Cash at End of Period	$41.31M	$7.07M	$9.48M	$21.34M
Cash at Beginning of Period	$7.07M	$9.48M	$21.34M	$8.28M
Operating Cash Flow	$-60.65M	$-45.23M	$-34.80M	$-29.29M
Capital Expenditure	$-630.00K	$-498.00K	$-2.00M	$-789.00K
Free Cash Flow	$-61.28M	$-45.72M	$-36.80M	$-30.08M

Cash Flow Charts

Breakdown	September 30, 2024	June 30, 2024	March 31, 2024	December 31, 2023	September 30, 2023	June 30, 2023	March 31, 2023	December 31, 2022	September 30, 2022	June 30, 2022	March 31, 2022	December 31, 2021	September 30, 2021	June 30, 2021	March 31, 2021
Net Income	$-22.71M	$-17.78M	$-17.31M	$-16.01M	$-15.83M	$-25.90M	$-24.61M	$-13.66M	$-13.05M	$-13.20M	$-11.62M	$-13.84M	$-4.21M	$-4.67M	$-8.83M
Depreciation and Amortization	$450.00K	$480.00K	$428.00K	$425.00K	$383.00K	$473.00K	$545.00K	$705.00K	$464.00K	$525.00K	$639.00K	$703.00K	$655.00K	$617.00K	$627.00K
Deferred Income Tax	$-	$-	$-	$-5.57M	$-1.45M	$2.15M	$-	$-	$-	$-	$-	$-60.00K	$-1.20M	$106.00K	$157.00K
Stock Based Compensation	$4.05M	$4.22M	$3.51M	$4.56M	$5.88M	$4.72M	$6.75M	$5.47M	$1.75M	$817.00K	$783.00K	$1.18M	$225.00K	$170.00K	$160.00K
Change in Working Capital	$2.05M	$-466.00K	$1.36M	$-3.27M	$-4.30M	$983.00K	$3.89M	$4.89M	$30.00K	$-1.27M	$-635.00K	$975.00K	$6.85M	$-5.55M	$-3.44M
Accounts Receivables	$113.00K	$51.00K	$-42.00K	$-561.00K	$47.00K	$-255.00K	$215.00K	$-17.00K	$185.00K	$-176.00K	$-329.00K	$497.00K	$-208.00K	$166.00K	$-292.00K
Inventory	$-151.00K	$-128.00K	$-19.00K	$-2.00K	$-154.00K	$-22.00K	$-59.00K	$536.00K	$-383.00K	$-96.00K	$-205.00K	$211.00K	$-68.00K	$394.00K	$-355.00K
Accounts Payables	$-320.00K	$36.00K	$-538.00K	$-347.00K	$-2.60M	$-1.52M	$1.86M	$2.55M	$942.00K	$35.00K	$72.00K	$702.00K	$683.00K	$-630.00K	$-1.13M
Other Working Capital	$2.41M	$-425.00K	$1.96M	$-2.36M	$-1.59M	$2.78M	$1.88M	$1.83M	$-714.00K	$-1.03M	$-173.00K	$-435.00K	$6.45M	$-5.48M	$-1.66M
Other Non Cash Items	$-1.92M	$-925.00K	$4.86M	$5.13M	$-1.55M	$2.10M	$-157.00K	$-8.36M	$-2.31M	$1.14M	$1.32M	$3.85M	$-9.68M	$208.00K	$177.00K
Net Cash Provided by Operating Activities	$-18.07M	$-14.47M	$-12.12M	$-14.74M	$-16.87M	$-15.47M	$-13.57M	$-10.96M	$-12.77M	$-11.99M	$-9.51M	$-7.18M	$-7.35M	$-9.12M	$-11.15M
Investments in Property Plant and Equipment	$-306.00K	$-545.00K	$-459.00K	$-454.00K	$-97.00K	$-3.00K	$-76.00K	$-182.00K	$-98.00K	$-74.00K	$-144.00K	$-292.00K	$-442.00K	$-526.00K	$-739.00K
Acquisitions Net	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Purchases of Investments	$-	$-	$-1.00M	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Sales Maturities of Investments	$-	$-	$254.00K	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Other Investing Activities	$-63.00K	$-59.00K	$-1.00M	$-12.00K	$-15.00K	$-8.00K	$-12.00K	$-8.00K	$-24.00K	$-22.00K	$-21.00K	$-11.00K	$-18.00K	$-158.00K	$-38.00K
Net Cash Used for Investing Activities	$-369.00K	$-604.00K	$-1.21M	$-454.00K	$-97.00K	$-3.00K	$-76.00K	$-182.00K	$-98.00K	$-74.00K	$-144.00K	$-292.00K	$-442.00K	$-526.00K	$-739.00K
Debt Repayment	$-16.40M	$-370.00K	$-	$-	$16.09M	$13.40M	$-881.00K	$-1.80M	$-19.97M	$4.76M	$14.69M	$103.00K	$-24.00K	$-	$-
Common Stock Issued	$23.49M	$29.38M	$8.00K	$-273.00K	$-15.41M	$15.14M	$546.00K	$39.86M	$40.84M	$134.00K	$7.00K	$-	$-	$-	$27.00K
Common Stock Repurchased	$-	$-	$-	$491.00K	$-	$-	$-	$-	$-	$-	$-	$-	$-1.00K	$-	$-
Dividends Paid	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-	$-
Other Financing Activities	$-78.00K	$-403.00K	$-734.00K	$3.50M	$62.07M	$662.00K	$15.93M	$6.17M	$-1.84M	$134.00K	$3.18M	$8.82M	$2.89M	$1.20M	$11.90M
Net Cash Used Provided by Financing Activities	$7.01M	$28.61M	$-726.00K	$3.23M	$62.75M	$14.06M	$15.59M	$4.37M	$16.13M	$4.89M	$17.87M	$8.92M	$2.86M	$1.20M	$11.93M
Effect of Forex Changes on Cash	$-151.00K	$22.00K	$47.00K	$-45.00K	$15.00K	$-66.00K	$-19.00K	$72.00K	$34.00K	$-24.00K	$-41.00K	$-8.00K	$-220.00K	$8.00K	$254.00K
Net Change in Cash	$-11.59M	$13.56M	$-14.00M	$-12.01M	$45.80M	$-1.47M	$1.92M	$-6.70M	$3.30M	$-7.20M	$8.18M	$1.44M	$-5.15M	$-8.44M	$294.00K
Cash at End of Period	$29.27M	$40.86M	$27.30M	$41.31M	$53.32M	$7.51M	$8.99M	$7.07M	$13.76M	$10.47M	$17.66M	$9.48M	$8.04M	$13.19M	$21.63M
Cash at Beginning of Period	$40.86M	$27.30M	$41.31M	$53.32M	$7.51M	$8.99M	$7.07M	$13.76M	$10.47M	$17.66M	$9.48M	$8.04M	$13.19M	$21.63M	$21.34M
Operating Cash Flow	$-18.07M	$-14.47M	$-12.12M	$-14.74M	$-16.87M	$-15.47M	$-13.57M	$-10.96M	$-12.77M	$-11.99M	$-9.51M	$-7.18M	$-7.35M	$-9.12M	$-11.15M
Capital Expenditure	$-306.00K	$-604.00K	$-459.00K	$-454.00K	$-97.00K	$-3.00K	$-76.00K	$-182.00K	$-98.00K	$-74.00K	$-144.00K	$-292.00K	$-442.00K	$-526.00K	$-739.00K
Free Cash Flow	$-18.44M	$-15.07M	$-12.58M	$-15.19M	$-16.96M	$-15.47M	$-13.65M	$-11.14M	$-12.87M	$-12.06M	$-9.65M	$-7.48M	$-7.79M	$-9.64M	$-11.89M

Build your own charts

D-Wave Quantum Stock Forecast

Analyst ratings, price targets, and earnings estimates for QBTS.

QBTS Analyst Ratings

Strong Buy

Buy

Hold

Sell

Based on 5 analysts in the past 3 months

QBTS Stock 12 Month Forecast

$2.33

▼ (-61.61% Downside)

Highest Price Target

$ (0.0%)

Average Price Target

$2.33 (-61.6%)

Lowest Price Target

$ (0.0%)

Based on 3 analysts in the last year

Recent Price Targets

Recommendation Trends

Analyst Estimates

Revenue Estimates

High $19.76M

Average $16.47M

Low $13.83M

5 analysts

Net Income Estimates

High $-24.43M

Average $-31.59M

Low $-38.75M

5 analysts

EPS Estimates

High $-0.18

Average $-0.23

Low $-0.28

3 analysts

Revenue Estimates

High $34.40M

Average $34.40M

Low $34.40M

6 analysts

Net Income Estimates

High $-21.97M

Average $-29.14M

Low $-36.30M

6 analysts

EPS Estimates

High $-0.16

Average $-0.21

Low $-0.26

3 analysts

Revenue Estimates

High $92.31M

Average $71.80M

Low $55.27M

2 analysts

Net Income Estimates

High $-14.81M

Average $-15.18M

Low $-15.55M

2 analysts

EPS Estimates

High $-0.11

Average $-0.11

Low $-0.11

2 analysts

Revenue Estimates

High $128.57M

Average $100.00M

Low $76.98M

1 analysts

Net Income Estimates

High $-3.87M

Average $-5.52M

Low $-7.57M

1 analysts

EPS Estimates

High $-0.03

Average $-0.04

Low $-0.05

1 analysts

Latest Price Target Updates

Date	Analyst	Firm	Price Target	Price When Posted	Upside
Aug 13, 2024	Suji Desilva	Roth Capital	$2.00	$0.90	123.2%
Apr 08, 2024	Quinn Bolton	Needham	$2.50	$1.88	33.0%
Apr 01, 2024	Richard Shannon	Craig-Hallum	$2.50	$1.94	28.9%
Aug 15, 2023	David Williams	Williams Trading	$4.00	$1.48	170.3%

D-Wave Quantum Dividends

Explore D-Wave Quantum's dividend history, including dividend yield, payout ratio, and historical payments.

D-Wave Quantum does not currently pay a dividend.

Peers: Computer Hardware

This section provides companies within the same sector, on the same exchange, and of similar market capitalization, allowing comparisons of key financial indicators among peers.

Company	Market Cap	Price	EPS	P/E Ratio	P/B Ratio
Quantum Computing, Inc. QUBT	$1.33B	$9.67	$-0.41	$-2.25	$0.89
IonQ, Inc. IONQ	$8.99B	$41.54	$-0.78	$-15.91	$5.18
Quantum Corporation QMCO	$116.06M	$20.05	$-8.68	$-1.28	$-0.44
Desktop Metal, Inc. DM	$85.69M	$2.57	$-10.03	$-0.75	$1.00
Rigetti Computing, Inc. RGTI	$3.28B	$13.55	$-0.57	$-1.73	$1.19
Super Micro Computer, Inc. SMCI	$20.23B	$34.55	$2.17	$37.37	$8.26
Cricut, Inc. CRCT	$1.19B	$5.55	$0.25	$26.65	$2.67
Stratasys Ltd. SSYS	$905.15M	$12.85	$-1.79	$-7.97	$1.11
Nano Dimension Ltd. NNDM	$583.17M	$2.66	$-0.22	$-10.91	$0.59
Velo3D, Inc. VLD	$11.04M	$1.28	$-23.97	$-0.58	$1.15
Sarcos Technology and Robotics Corporation STRC	$63.66M	$2.46	$0.00	$0.00	$14737.74
Red Cat Holdings, Inc. RCAT	$850.51M	$10.61	$-0.40	$-3.82	$2.11