QBTS · D-Wave Quantum Inc.

NEW YORK STOCK EXCHANGE, INC. - BOATS Real Time Price • USD

D-Wave Quantum Inc (QBTS)

NEW YORK STOCK EXCHANGE, INC. Technology
Move probability → Options chain →
$12.11 +0.34 (+2.89%)
● At close: October 21 at 4:00:00 PM EDT
$11.65 -0.45 (-3.72%)
🌙 Overnight: 2:46:51 AM EDT
DAY'S RANGE $12.11
$11.82 $12.22
52-WEEK RANGE $12.11
$11.35 $39.68

What's happening

Deterministic template sentences filled in from the same sourced figures shown elsewhere on this page -- not an AI-written summary, no live model call.

Key Statistics

Market Cap$4.59B
P/E (TTM1)—
EPS2 (TTM)$-0.71
Div Yield—
Beta32.27
Volume531,469
Open12.08
Prev Close11.77
Bid / Ask12.12 / 0.00
Next Earnings 2026-11-05

Analyst Recommendations

Strong buy 5 Buy 15 Hold 3 Sell 1 Strong sell 0

Aggregate ratings for 2026-10-01 (24 analysts polled by Finnhub) — consensus count.

Performance Overview (Trailing returns vs S&P 500 benchmark)

YTD RETURN
QBTS -54.95%
vs S&P 500 -67.73%
1-YEAR RETURN
QBTS -65.76%
vs S&P 500 -80.32%
6-MONTH RETURN
QBTS -45.26%
3-MONTH RETURN
QBTS -33.82%

Valuation Measures & Ratios

Enterprise Value4$4.33B
Forward P/E5—
PEG Ratio6—
Price / Sales (TTM1)369.70
Price / Book78.21
EV4 / Revenue348.64
EV4 / EBITDA—
Profit Margin-2001.59%
Operating Margin-1372.88%
Return on Equity (ROE8)-26.67%
Return on Assets (ROA9)-24.03%
Avg Volume (3M)18,642,150
Quarterly history (5 periods)
Measure Jun '26Mar '26Sep '25Jun '25Mar '25
Market cap $8.86B $5.30B $8.44B $4.46B $2.06B
P/E -23.71 -16.00 -25.15 -20.90 -32.58
Price/Sales 693.87 214.55 355.90 201.23 95.73
Price/Book 8.18 4.71 12.58 6.42 9.93
EV/Revenue 673.37 202.29 321.98 165.69 83.00
EV/EBITDA -56.19 -43.30 -90.01 — —
ROE -34.50% -29.45% -50.03% -30.71% -30.49%
ROA -32.26% -27.60% -38.74% -25.28% -19.42%

Trailing-twelve-month ratios computed from SEC EDGAR quarterly figures and historical daily close prices (Alpaca). Diluted shares are derived from Net income ÷ EPS (diluted) for each quarter, not separately reported. Forward P/E/PEG unavailable (no free data source).

Glossary — what these abbreviations mean
1. TTM
Trailing twelve months — the sum of the last four reported quarters, not a calendar year or the single latest quarter.
2. EPS
Earnings per share — net income divided by diluted shares outstanding.
3. Beta
A stock's historical volatility relative to the overall market. Above 1 means it has moved more than the market; below 1, less.
4. EV (Enterprise Value)
Market cap plus total debt minus cash — roughly what it would cost to buy the whole company, debt included.
5. Forward P/E
Price divided by analysts' estimated earnings for the next 12 months, instead of trailing actual earnings.
6. PEG Ratio
P/E divided by expected earnings growth rate. A lower number can indicate a stock is cheap relative to how fast it's expected to grow.
7. Price / Book
Share price divided by book value (assets minus liabilities) per share.
8. ROE
Return on equity — net income divided by shareholders' equity, a measure of how efficiently a company turns equity into profit.
9. ROA
Return on assets — net income divided by total assets, a measure of how efficiently a company turns assets into profit.
10. MRQ
Most recent quarter — the single latest reported period, as opposed to TTM. The Financials section's "Quarterly" view below shows MRQ-style figures.
11. YoY
Year over year — percent change versus the same period one year earlier, used for growth figures like those on Compare cards and the Screener.

Short Interest

Shares Short70,893,069
Change from Prior Settlement+4.28%
% of Float—
Days to Cover (Short Ratio)4.24

Source: FINRA Rule 4560 consolidated short interest, settlement date 2026-09-30. Reported bi-monthly with a reporting lag — not real-time.

Quotes and the 1-day extended-hours chart: Yahoo Finance. Longer historical charts: Alpaca (IEX feed) — real-time but IEX-only volume (~2.5% of consolidated market volume). Fundamentals + earnings: Finnhub.

Price history

Events

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Technical signal summary

Calculating from the latest year of daily price history…

Calculating…
Show Technical Analysis Breakdown ▾ 10 Indicators

Not investment advice — read several signals together.

Indicators None active

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Starter sets
Trend
Oscillators
Volume/volatility
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History limited by data provider; markers are heuristics, not signals.

Peer and sector context

No reviewed peer group is available for this symbol.

Balanced evidence

A deterministic summary of sourced facts—not an AI verdict.

Potential strengths

  • Latest SEC filing is Form 4, filed 2026-10-16; review it for current changes and risks. SEC EDGAR ↗

Potential concerns

Rule-based facts only; absence from either side is not evidence, and this is not a recommendation.

Financials

Income statement

Line item Jun '26Mar '26Sep '25Jun '25Mar '25Sep '24Jun '24Mar '24
Revenue $3.1M $2.9M $3.7M $3.1M $15.0M $1.9M $2.2M $2.5M
Gross profit $1.7M $1.8M $2.7M $2.0M $13.9M $1.0M $1.4M $1.7M
Operating income -$53.3M -$54.7M -$27.7M -$26.5M -$11.3M -$20.6M -$18.8M -$17.5M
Net income -$48.0M -$18.4M -$140.0M -$167.3M -$5.4M -$22.7M -$17.8M -$17.3M
EPS (diluted) $-0.13 $-0.05 $-0.41 $-0.55 $-0.02 $-0.11 $-0.10 $-0.11
EPS (basic) $-0.13 $-0.05 $-0.41 $-0.55 $-0.02 $-0.11 $-0.10 $-0.11

Balance sheet

Line item Jun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24
Total assets $1.16B $1.20B $915.8M $865.8M $843.6M $325.6M $199.9M $49.6M
Total liabilities $75.3M $75.6M $63.6M $195.3M $149.3M $118.2M $137.2M $66.5M
Stockholders' equity $1.08B $1.12B $852.2M $670.6M $694.3M $207.4M $62.6M -$16.9M
Total current assets $560.6M $607.1M $896.2M $848.1M $828.5M $310.9M $185.0M $35.1M
Total current liabilities $27.3M $28.4M $21.1M $15.5M $19.3M $15.0M $30.1M $25.8M
Cash & equivalents $296.6M $338.2M $635.3M $836.2M $819.3M $304.3M $178.0M —

Cash flow

Line item Jun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24
Operating cash flow -$28.5M -$45.0M -$18.4M -$19.0M -$15.3M -$19.3M $2.0M -$18.1M
Investing cash flow -$8.5M -$252.1M -$249.6M -$1.2M $141.0K -$498.0K -$963.0K -$369.0K
Financing cash flow -$4.7M -$143.0K $67.1M $37.1M $529.3M $145.6M $147.6M $7.0M
Free cash flow -$32.9M -$46.0M -$20.0M -$20.1M -$16.0M -$19.7M $1.1M -$18.4M
Capital expenditures $4.4M $1.1M $1.7M $1.0M $749.0K $438.0K $950.0K $306.0K
Depreciation & amortization $4.7M $3.8M $480.0K $369.0K $338.0K $376.0K $316.0K $283.0K

Source: SEC EDGAR XBRL filings (10-Q/10-K), as originally tagged by the company. Quarterly cash flow is reconstructed by de-cumulating fiscal-year-to-date figures (how cash flow is tagged in 10-Qs); other quarterly lines are reported directly.

Institutional holders

SEC Form 13F filers holding QBTS as of the latest reported quarter. 13F only covers investment managers with $100M+ in assets — this is not a complete ownership picture, and does not include insiders (see Recent SEC filings below) or non-13F-eligible holders.

Source: Business Quant SEC Form 13F · report period 2026-06-30 · 31 filers

Held by These Filers45.0%
Shares Outstanding370,840,115
FilerSharesValue% OutQtr ChangeFiled
BlackRock, Inc. 33,147,399 $795.2M 8.94% +9.9% 2026-08-07
VANGUARD PORTFOLIO MANAGEMENT LLC 22,021,534 $528.3M 5.94% +5.9% 2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC 15,940,671 $382.4M 4.30% +0.6% 2026-06-30
UBS Group AG 11,645,700 $279.4M 3.14% +18.0% 2026-08-13
GEODE CAPITAL MANAGEMENT, LLC 9,270,389 $222.4M 2.50% +2.6% 2026-08-12
State Street Corp 9,029,667 $216.6M 2.43% +6.6% 2026-08-07
Clear Street Group Inc. 6,206,861 $148.9M 1.67% +8.7% 2026-08-04
NORGES BANK 4,477,459 $107.4M 1.21% +0.0% 2026-08-12
Bank Of America Corp /De/ 4,342,782 $104.2M 1.17% +11.8% 2026-08-14
Northern Trust Corp 3,367,998 $80.8M 0.91% +8.0% 2026-08-12
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 3,284,474 $78.8M 0.89% +1.5% 2026-08-14
Sixth Street Partners Management Company, L.P. 3,284,474 $78.8M 0.89% +0.0% 2026-08-13
UNICOM Systems, Inc. 3,121,346 $74.9M 0.84% +0.0% 2026-07-08
Morgan Stanley 2,915,783 $69.9M 0.79% +24.5% 2026-08-11
Defiance ETFs, LLC 2,912,047 $68.4M 0.79% +751.8% 2026-08-14
Penserra Capital Management LLC 2,860,784 $68.6K 0.77% +82.2% 2026-08-13
Jpmorgan Chase & Co 2,744,938 $65.8M 0.74% +100.7% 2026-08-12
Goldman Sachs Group Inc 2,681,329 $64.3M 0.72% -37.3% 2026-08-14
VANGUARD FIDUCIARY TRUST CO 2,598,897 $62.3M 0.70% +2.4% 2026-06-30
VAN ECK ASSOCIATES CORP 2,339,788 $56.1M 0.63% +52.6% 2026-08-14
Bank of New York Mellon Corp 2,290,584 $55.0M 0.62% +60.3% 2026-08-06
PRICE T ROWE ASSOCIATES INC /MD/ 2,269,777 $54.5K 0.61% +453.2% 2026-08-14
Marex Group Ltd 1,820,485 $43.7M 0.49% +83.3% 2026-08-14
WELLINGTON MANAGEMENT GROUP LLP 1,820,070 $43.7M 0.49% +372.2% 2026-08-14
Nuveen, LLC 1,660,867 $39.8M 0.45% +14.3% 2026-08-11

Insider activity

Directors, officers, and 10%+ owners' reported transactions from SEC Form 4. A filing reports a transaction; it does not by itself explain why it happened.

Source: SEC EDGAR Form 4 filings · checked 25 most recent filings · covers 2026-06-04 to 2026-10-15

Recent transactions

  • Insiders have net sold 1,002,407 shares over the last 182 days, across 0 purchases and 9 sales.
  • Most recent: Nguyen Diane (EVP, Chief Legal Officer & GC) — Tax withholding of 4,066 shares on 2026-10-15.

Deterministic template sentences filled in from the SEC Form 4 figures in the tables below -- not an AI-written summary, no live model call.

Insider purchases & sales, last 6 months

Purchases (open market)0 sh(0 txns)
Sales (open market)1,002,407 sh(9 txns)
Net Shares-1,002,407

Counts only open-market purchases (code P) and sales (code S) — grants, option exercises, tax withholding, and gifts are excluded since they aren't a market buy/sell decision.

Insider roster

NameTitleMost Recent TransactionDateShares
Nguyen DianeEVP, Chief Legal Officer & GCTax withholding2026-10-154,066
BARATZ ALAN EPresident & CEOTax withholding2026-10-1552,320
GOLKOV GREGORYActing CFO & SVP, FinanceTax withholding2026-10-1515,859
AMES SOPHIE CExec. Vice President & CHROTax withholding2026-10-153,180
GAVGANI BERNARDDirectorGrant / award2026-09-1816,493
BLACK STANLEY TExec. Vice President & CISOTax withholding2026-09-151,535
DiLullo John DDirectorOpen market sale2026-09-081,100
Markovich John M.Chief Financial OfficerTax withholding2026-07-148,607
Ghai RohitDirectorOpen market sale2026-06-1513,518
Biscay RogerDirectorGrant / award2026-06-049,357

Recent transactions

DateInsiderTitleTransactionSharesPrice
2026-10-15Nguyen DianeEVP, Chief Legal Officer & GCTax withholding 4,066$12.03
2026-10-15BARATZ ALAN EPresident & CEOTax withholding 52,320$12.03
2026-10-15GOLKOV GREGORYActing CFO & SVP, FinanceTax withholding 15,859$12.03
2026-10-15AMES SOPHIE CExec. Vice President & CHROTax withholding 3,180$12.03
2026-09-18GAVGANI BERNARDDirectorGrant / award 16,493$0.00
2026-09-17GOLKOV GREGORYActing CFO & SVP, FinanceGrant / award 27,081$0.00
2026-09-15GOLKOV GREGORYActing CFO & SVP, FinanceTax withholding 1,132$16.83
2026-09-15BLACK STANLEY TExec. Vice President & CISOTax withholding 1,535$16.83
2026-09-15AMES SOPHIE CExec. Vice President & CHROTax withholding 1,544$16.83
2026-09-15Nguyen DianeEVP, Chief Legal Officer & GCTax withholding 3,191$16.83
2026-09-08DiLullo John DDirectorOpen market sale 1,100$18.00
2026-08-17Nguyen DianeEVP, Chief Legal Officer & GCTax withholding 4,042$21.17
2026-08-17AMES SOPHIE CExec. Vice President & CHROTax withholding 23,850$21.17
2026-07-20AMES SOPHIE CExec. Vice President & CHROOpen market sale 3,070$16.95
2026-07-14BARATZ ALAN EPresident & CEOTax withholding 52,320$18.66
2026-07-14Markovich John M.Chief Financial OfficerTax withholding 8,607$18.66
2026-07-14AMES SOPHIE CExec. Vice President & CHROTax withholding 3,180$18.66
2026-07-14Nguyen DianeEVP, Chief Legal Officer & GCTax withholding 4,066$18.66
2026-06-15Ghai RohitDirectorOpen market sale 13,518$26.41
2026-06-15Markovich John M.Chief Financial OfficerOpen market sale 100,000$25.75
2026-06-15Markovich John M.Chief Financial OfficerOpen market sale 100,000$25.68
2026-06-15Markovich John M.Chief Financial OfficerTax withholding 10,584$23.37
2026-06-15Nguyen DianeEVP, Chief Legal Officer & GCTax withholding 3,191$23.37
2026-06-15BLACK STANLEY TExec. Vice President & CISOTax withholding 1,535$23.37
2026-06-15AMES SOPHIE CExec. Vice President & CHROTax withholding 1,544$23.37
2026-06-12Markovich John M.Chief Financial OfficerOpen market sale 46,043$24.01
2026-06-09Markovich John M.Chief Financial OfficerOpen market sale 70$26.54
2026-06-08BARATZ ALAN EPresident & CEOOption exercise 474,395$0.91
2026-06-08BARATZ ALAN EPresident & CEOOption exercise 213,232$0.85
2026-06-08BARATZ ALAN EPresident & CEOOpen market sale 687,627$26.13
2026-06-08Markovich John M.Chief Financial OfficerOpen market sale 50,979$26.24
2026-06-04Biscay RogerDirectorGrant / award 9,357$0.00

Recent SEC filings

Official company reports and insider transaction filings. Form 4 reports a transaction; it does not by itself explain why it happened.

Source: SEC EDGAR submissions · updated 2026-10-22 06:47 UTC

FiledFormReport periodOfficial filing
2026-10-1642026-10-15 View on SEC.gov →
2026-10-1642026-10-15 View on SEC.gov →
2026-10-1642026-10-15 View on SEC.gov →
2026-10-1642026-10-15 View on SEC.gov →
2026-10-1442026-09-18 View on SEC.gov →
2026-10-018-K2026-10-01 View on SEC.gov →
2026-09-2442026-09-15 View on SEC.gov →
2026-09-218-K2026-09-18 View on SEC.gov →
2026-09-178-K2026-09-16 View on SEC.gov →
2026-09-1642026-09-15 View on SEC.gov →
2026-09-1642026-09-15 View on SEC.gov →
2026-09-1642026-09-15 View on SEC.gov →

Headlines about QBTS (D-Wave Quantum Inc.). Links open the publisher — we don’t host full articles.

SEC filings ↓

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