D-WAVE QUANTUM INC.

NYSE: QBTS (D-Wave Quantum Inc.)

Last update: 24 Nov, 9:03PM

23.11

2.70 (13.23%)

Previous Close 20.41
Open 20.52
Volume 29,200,862
Avg. Volume (3M) 53,528,463
Market Cap 8,091,314,688
Price / Sales 270.29
Price / Book 11.93
52 Weeks Range
2.50 (-89%) — 46.75 (102%)
Earnings Date 6 Nov 2025
Operating Margin (TTM) -75.27%
Diluted EPS (TTM) -0.660
Quarterly Revenue Growth (YOY) 508.60%
Total Debt/Equity (MRQ) 18.54%
Current Ratio (MRQ) 20.73
Operating Cash Flow (TTM) -49.80 M
Levered Free Cash Flow (TTM) -26.55 M
Return on Assets (TTM) -23.72%
Return on Equity (TTM) -154.89%

Market Trend

Short Term Medium Term
Industry Computer Hardware (US) Mixed Bullish
Computer Hardware (Global) Mixed Bullish
Stock D-Wave Quantum Inc. Bullish Bullish

AIStockmoo Score

0.3
Analyst Consensus 3.0
Insider Activity -4.0
Price Volatility 2.0
Technical Moving Averages 1.0
Technical Oscillators -0.5
Average 0.30

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D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company’s LeapTM cloud service.

Sector Technology
Industry Computer Hardware
Investment Style Small Growth
% Held by Insiders 2.44%
% Held by Institutions 29.53%

Ownership

Name Date Shares Held
Unicom Systems, Inc. 30 Sep 2025 3,121,346
Clear Street Group Inc. 30 Sep 2025 3,049,148
52 Weeks Range
2.50 (-89%) — 46.75 (102%)
Price Target Range
33.00 (42%) — 41.00 (77%)
High 41.00 (Canaccord Genuity, 77.41%) Buy
Median 40.00 (73.09%)
Low 33.00 (B. Riley Securities, 42.80%) Buy
Average 37.80 (63.57%)
Total 5 Buy
Avg. Price @ Call 28.71
Firm Date Target Price Call Price @ Call
Benchmark 10 Nov 2025 35.00 (51.45%) Buy 29.37
Canaccord Genuity 07 Nov 2025 41.00 (77.41%) Buy 29.50
Cantor Fitzgerald 07 Nov 2025 40.00 (73.09%) Buy 29.50
Rosenblatt 07 Nov 2025 40.00 (73.09%) Buy 29.50
B. Riley Securities 22 Sep 2025 33.00 (42.80%) Buy 25.67
Name Avg. Buy ($) Avg. Sell ($) Net Quantity Net Value ($)
DILULLO JOHN D - 20.41 -492 -10,042
MARKOVICH JOHN M. - 20.51 -200,000 -4,102,000
WEST STEVEN M 22.93 - 82 1,880
Aggregate Net Quantity -200,410
Aggregate Net Value ($) -4,110,161
Aggregate Avg. Buy ($) 22.93
Aggregate Avg. Sell ($) 20.46
Name Holder Date Type Quantity Price Value ($)
DILULLO JOHN D Director 21 Nov 2025 Disposed (-) 492 20.41 10,042
MARKOVICH JOHN M. Officer 20 Nov 2025 Automatic sell (-) 200,000 20.51 4,102,000
MARKOVICH JOHN M. Officer 20 Nov 2025 Option execute 200,000 - -
WEST STEVEN M Director 18 Nov 2025 Buy (+) 82 22.93 1,880
Date Type Details
21 Nov 2025 Announcement D-Wave Completes Redemption of Public Warrants
13 Nov 2025 Announcement D-Wave Reminds Public Warrant Holders of Upcoming Redemption
10 Nov 2025 Announcement D-Wave to Showcase Advanced Hybrid Quantum Technologies at SC25
06 Nov 2025 Announcement D-Wave Reports Third Quarter 2025 Results
05 Nov 2025 Announcement BASF and D-Wave Announce Completion of Proof-of-Concept Project, Demonstrating Benchmark in Manufacturing Efficiency
03 Nov 2025 Announcement D-Wave Advantage2 Quantum Computer Now Available for U.S. Government Applications at Davidson Technologies
23 Oct 2025 Announcement D-Wave Quantum to Report Third Quarter Fiscal Year 2025 Financial Results on November 6, 2025
22 Oct 2025 Announcement D-Wave Hosts Series of Seminars to Expand Quantum Computing Education in Italy
20 Oct 2025 Announcement D-Wave Announces Redemption of Public Warrants
15 Oct 2025 Announcement Swiss Quantum Technology SA Signs €10M Agreement to Deploy D-Wave Advantage2 Annealing Quantum Computer
14 Oct 2025 Announcement D-Wave Named Winner in Fast Company’s 2025 Next Big Things in Tech Awards
14 Oct 2025 Announcement The Birth of the World’s Most Powerful Quantum Hub
07 Oct 2025 Announcement D-Wave and the University of Southern California Bring Quantum Computing to LA Tech Week
07 Oct 2025 Announcement Defiance Launches QBTZ: The First 2X Short ETF for D-Wave Quantum Inc
02 Oct 2025 Announcement D-Wave to Participate in Quantum Beach Conference, Highlighting Company’s Leadership in the Commercialization of Quantum Computing
30 Sep 2025 Announcement North Wales Police and D-Wave Announce Hybrid-Quantum Application Outperforms Classical Results in Proof-of-Technology Project Optimizing Police Vehicle Placement
09 Sep 2025 Announcement D-Wave to Participate in Leading Technology Events in September, Showcasing the Growing Global Impact of its Quantum Computing Technology
02 Sep 2025 Announcement D-Wave Expands Executive Leadership Bench With New Chief Information Security Officer
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The support, resistance and trendline levels presented has been generated by an artificial intelligence (AI) model and should be interpreted with caution.

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