D-Wave Quantum Inc. (QBTS)

Nasdaq · Technology · Computer Hardware

$15.64−0.82%as of Oct 6, 2026, 4:35 AM ET

Market cap
$5.9B
52-week range
$12.75 – $46.75
52-week change
−55.85%
EPS (trailing)
−$0.69
Analyst rating
1.3 Strong buy
Next earnings
Nov 5, 2026

Fiscal year to Dec 2025

Revenue
$24.6M (+178.54%)
Net income
−$355M
Operating margin
−408.2%
Diluted EPS
−$1.11
Free cash flow
−$75.8M

From the company’s annual report on SEC EDGAR.

About D-Wave Quantum Inc.

D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company's server. The company also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools.

Headquarters: Palo Alto, United States · 382 employees · dwavequantum.com