D-Wave Quantum Inc.
General ticker "QBTS" information:
- Sector: Information Technology
- Industry: Computer Hardware
- Capitalization: $8.7B (TTM average)
D-Wave Quantum Inc. follows the US Stock Market performance with the rate: 9.1%.
Estimated limits based on current volatility of 3.8%: low 11.80$, high 12.73$
Factors to consider:
- Total employees count: 388 (+76.4%) as of 2025
- US accounted for 10.8% of revenue in the fiscal year ended 2025-12-31
- Top business risk factors: Strategic risks and growth management, R&D product development risk, Market acceptance, Competitor resource advantage, Supply chain disruptions
- Price in estimated range
- Earnings for 6 months up through Q2 exceed our estimates
Stock Forecast*
* forecast is subjective and experimental, should not be used for any investment decisions
Long term estimates were made for the period from 2025-12-31 to 2027-12-31
- 2025-12-31 to 2026-12-31 estimated range: [9.40$, 25.61$]
- 2026-12-31 to 2027-12-31 estimated range: [5.52$, 16.55$]
Financial Metrics affecting the QBTS estimates:
- Positive: with PPE of -25.0 at the end of fiscal year the price was neutral
- Negative: negative Operating income
- Negative: Operating cash flow per share per price, % of -0.81 <= 2.37
- Negative: negative Industry operating cash flow (median)
- Negative: negative Net income
- Negative: Shareholder equity ratio, % of 93.06 > 81.92
- Negative: Investing cash flow per share per price, % of -2.84 <= -2.60
- Negative: negative Industry operating income (median)
Short-term QBTS quotes
Long-term QBTS plot with estimates
Financial data
| YTD | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|
| Operating Revenue | $8.76MM | $8.83MM | $24.59MM |
| Operating Expenses | $89.30MM | $86.05MM | $124.95MM |
| Operating Income | $-80.55MM | $-77.22MM | $-100.37MM |
| Non-Operating Income | $-2.17MM | $-66.66MM | $-254.69MM |
| Interest Expense | $0.04MM | $3.90MM | $4.01MM |
| R&D Expense | $37.88MM | $35.30MM | $50.73MM |
| Income(Loss) | $-82.72MM | $-143.88MM | $-355.06MM |
| Net Income(Loss)* | $-82.72MM | $-143.88MM | $-355.06MM |
| Stockholders Equity | $-24.48MM | $62.65MM | $852.23MM |
| Inventory | $2.08MM | $1.69MM | $2.78MM |
| Assets | $59.36MM | $199.85MM | $915.81MM |
| Operating Cash Flow | $-60.65MM | $-42.64MM | $-71.98MM |
| Capital expenditure | $0.63MM | $2.11MM | $3.86MM |
| Investing Cash Flow | $-0.63MM | $-3.14MM | $-251.13MM |
| Financing Cash Flow | $95.64MM | $182.45MM | $779.15MM |
| Earnings Per Share** | $-0.60 | $-0.75 | $-1.11 |
* Profit(Loss) attributable to entity.
** EPS are Split Adjusted, recent splits may be reflected with a delay.