AlphaMadera
D-Wave Quantum Inc. (QBTS)
$10.17
-1.33 (-12.81%)Delayed quote.
Price history
Daily close- Start
- $28.39
- Latest close
- $9.05
- Period change
- -68.12%
- Period low
- $9.05
- Period high
- $32.19
Key metrics
- Market cap
- $3.41B
- Volume
- 25.15M
- Average volume
- 16.32M
- 52-week range
- $8.48 – $32.39
- Beta
- 2.33
- Last dividend
- —
- EPS (TTM)
- -$0.71
- P/E ratio
- -23.56
- Revenue (TTM)
- $12.43M
- Net income (TTM)
- -$248.70M
- Total assets
- $1.16B
- Total debt
- $13.08M
- Cash and equivalents
- $296.64M
Key financials (trailing twelve months).
Company profile
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. The company also provides Ocean, a comprehensive suite of open-source programming tools. Furthermore, Leap is a cloud-based service that enables real-time interaction with a live quantum computer. This service further provides access to Advantage, along with hybrid problem-solving tools, the Ocean Software Development Kit, live code samples, demonstrations, learning resources, and a vibrant developer community. Additionally, D-Wave provides a dedicated "D-Wave Launch" professional service, guiding enterprises from initial problem identification through to production deployment of quantum applications. Their quantum solutions are leveraged across various domains such as artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. They serve industries including manufacturing, logistics, financial services, and life sciences, among others. D-Wave Quantum Inc. is headquartered in Burnaby, Canada.
- Sector
- Technology
- Industry
- Computer Hardware
- Exchange
- NASDAQ
- CEO
- Alan E. Baratz
- Employees
- 385
- Headquarters
- Palo Alto, CA, US
- IPO date
- 2020-12-11
- Website
- https://www.dwavequantum.com
Financial statements
Annual, last 3 fiscal years. Most recent period first. Reported in USD.
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 |
|---|---|---|---|
| Revenue | $24.59M | $8.83M | $8.76M |
| Gross profit | $20.31M | $5.56M | $4.62M |
| Operating income | -$100.37M | -$77.22M | -$80.55M |
| EBITDA | -$348.74M | -$138.05M | -$80.83M |
| Net income | -$355.06M | -$143.88M | -$82.72M |
| Diluted EPS | -$1.11 | -$0.75 | -$0.60 |
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 |
|---|---|---|---|
| Cash and equivalents | $635.35M | $177.98M | $41.31M |
| Total assets | $915.81M | $199.85M | $59.36M |
| Total liabilities | $63.58M | $137.21M | $83.84M |
| Total debt | $43.46M | $38.38M | $72.65M |
| Shareholders’ equity | $852.23M | $62.65M | -$24.48M |
| Metric | FY2025Dec 31, 2025 | FY2024Dec 31, 2024 | FY2023Dec 31, 2023 |
|---|---|---|---|
| Operating cash flow | -$71.98M | -$42.64M | -$60.65M |
| Capital expenditure | -$3.86M | -$2.11M | -$630.0K |
| Free cash flow | -$75.84M | -$44.75M | -$61.28M |
Quarterly, last 6 quarters. Most recent period first. Reported in USD.
| Metric | Q2 2026Jun 30, 2026 | Q1 2026Mar 31, 2026 | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | $3.08M | $2.86M | $2.75M | $3.74M | $3.10M | $15.00M |
| Gross profit | $1.70M | $1.82M | $1.78M | $2.67M | $1.98M | $13.88M |
| Operating income | -$53.28M | -$54.73M | -$34.84M | -$27.74M | -$26.50M | -$11.29M |
| EBITDA | -$42.68M | -$42.40M | -$38.27M | -$139.22M | -$166.62M | -$4.64M |
| Net income | -$48.03M | -$18.36M | -$42.33M | -$139.99M | -$167.33M | -$5.42M |
| Diluted EPS | -$0.13 | -$0.05 | -$0.12 | -$0.41 | -$0.57 | -$0.02 |
| Metric | Q2 2026Jun 30, 2026 | Q1 2026Mar 31, 2026 | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $296.64M | $338.20M | $635.35M | $836.23M | $819.31M | $304.32M |
| Total assets | $1.16B | $1.20B | $915.81M | $865.82M | $843.60M | $325.60M |
| Total liabilities | $75.32M | $75.56M | $63.58M | $195.27M | $149.35M | $118.21M |
| Total debt | $13.08M | $46.82M | $43.46M | $39.79M | $39.98M | $38.45M |
| Shareholders’ equity | $1.08B | $1.12B | $852.23M | $670.55M | $694.25M | $207.39M |
| Metric | Q2 2026Jun 30, 2026 | Q1 2026Mar 31, 2026 | Q4 2025Dec 31, 2025 | Q3 2025Sep 30, 2025 | Q2 2025Jun 30, 2025 | Q1 2025Mar 31, 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$28.50M | -$44.96M | -$18.37M | -$19.05M | -$15.29M | -$19.28M |
| Capital expenditure | -$4.44M | -$1.08M | -$1.66M | -$1.02M | -$749.0K | -$438.0K |
| Free cash flow | -$32.94M | -$46.04M | -$20.03M | -$20.06M | -$16.04M | -$19.72M |