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D-Wave Quantum Inc. (QBTS)

D-Wave Quantum Inc. at a glance — key fundamentals, SEC filings, insider buying and selling, and earnings dates.

D-Wave Quantum Inc. (QBTS) is a Computer Hardware company based in CA with a market capitalization of $10.8B. Revenue grew 178.5% year-over-year and free cash flow was negative at -$75.8M. This page tracks QBTS's SEC filings, insider buying and selling, earnings dates, and key fundamentals in one place.

CA · 216 employees · IPO Dec 11, 2020

Valuation

Valuation & price

$20.35 · as of May 17, 2026 · -54.6% vs 52w high

—

P/E ratio

Latest-FY diluted EPS

12.62

P/B ratio

Market cap ÷ book equity

—

Dividend yield

Price — last 12 months

$43.06$28.40$13.74Jul 25Dec 25Jul 26Jul 7, 25$16.76Jul 9, 25$16.39Jul 11, 25$14.81Jul 15, 25$16.15Jul 17, 25$19.24Jul 21, 25$18.39Jul 23, 25$20.30Jul 25, 25$18.87Jul 29, 25$17.67Jul 31, 25$17.19Aug 4, 25$17.18Aug 6, 25$17.58Aug 11, 25$17.37Aug 13, 25$18.65Aug 15, 25$17.01Aug 19, 25$15.32Aug 21, 25$14.81Aug 25, 25$15.02Aug 27, 25$15.23Aug 29, 25$15.62Sep 3, 25$15.30Sep 5, 25$15.37Sep 9, 25$16.15Sep 11, 25$16.52Sep 16, 25$18.98Sep 18, 25$24.02Sep 22, 25$25.67Sep 24, 25$27.72Sep 26, 25$26.76Sep 30, 25$24.71Oct 2, 25$29.21Oct 6, 25$35.02Oct 8, 25$34.25Oct 10, 25$33.02Oct 14, 25$43.06Oct 16, 25$40.46Oct 21, 25$32.19Oct 23, 25$31.06Oct 27, 25$35.04Oct 29, 25$34.26Oct 31, 25$37.06Nov 4, 25$29.74Nov 6, 25$28.39Nov 10, 25$29.37Nov 12, 25$26.40Nov 14, 25$23.61Nov 18, 25$22.93Nov 20, 25$20.51Nov 25, 25$22.59Nov 28, 25$22.67Dec 2, 25$22.50Dec 4, 25$28.73Dec 8, 25$28.44Dec 10, 25$26.80Dec 12, 25$26.10Dec 16, 25$25.52Dec 18, 25$24.89Dec 22, 25$32.19Dec 24, 25$27.52Dec 29, 25$26.15Jan 2, 26$28.13Jan 6, 26$31.27Jan 8, 26$29.28Jan 12, 26$28.80Jan 14, 26$30.15Jan 16, 26$28.83Jan 21, 26$26.04Jan 23, 26$25.63Jan 27, 26$24.69Jan 29, 26$23.22Feb 2, 26$20.97Feb 4, 26$20.11Feb 9, 26$21.21Feb 11, 26$19.64Feb 13, 26$19.67Feb 18, 26$19.07Feb 20, 26$18.06Feb 24, 26$18.66Feb 26, 26$20.14Mar 2, 26$18.94Mar 4, 26$18.91Mar 6, 26$18.59Mar 10, 26$18.76Mar 12, 26$17.83Mar 17, 26$17.47Mar 19, 26$16.10Mar 23, 26$16.31Mar 25, 26$16.19Mar 27, 26$13.90Mar 31, 26$14.43Apr 2, 26$14.32Apr 7, 26$13.74Apr 9, 26$13.87Apr 13, 26$14.65Apr 15, 26$20.81Apr 17, 26$21.69Apr 22, 26$21.24Apr 24, 26$18.49Apr 28, 26$18.11Apr 30, 26$20.28May 4, 26$20.92May 6, 26$23.83May 8, 26$22.57May 12, 26$22.35May 14, 26$22.13May 18, 26$19.06May 20, 26$19.30May 22, 26$29.40May 28, 26$29.49Jun 1, 26$29.18Jun 3, 26$27.55Jun 5, 26$23.85Jun 9, 26$23.52Jun 11, 26$23.82Jun 15, 26$26.26Jun 17, 26$22.92Jun 22, 26$24.47Jun 24, 26$22.98Jun 26, 26$22.76Jul 2, 26$22.53
$12.9852-week range$44.78
Loading valuation history…

Fundamentals

Key fundamentals

$10.8B

Market cap

178.5%

Revenue growth (YoY)

82.6%

Gross margin

-$75.8M

Free cash flow (USD)

-$841M

Net debt

Net cash position

67.2%

Share dilution

1/5

Graham criteria passed

Defensive-investor screen

Technology

Sector

Trajectory

Long-term trends

Revenue by year

2020 → 2025

FY 2020$5.2MFY 2021$6.3MFY 2022$7.2MFY 2023$8.8MFY 2024$8.8MFY 2025$24.6M
$5.2M$24.6M

Free cash flow by year

2020 → 2025

FY 2020$-30.1MFY 2021$-36.8MFY 2022$-45.7MFY 2023$-61.3MFY 2024$-44.7MFY 2025$-75.8M
-$30.1M-$75.8M

Gross margin by year

2021 → 2025

FY 202172.1%FY 202259.3%FY 202352.8%FY 202463.0%FY 202582.6%
72.1%82.6%

Value screen

Graham defensive-investor tests

Computing the scorecard — refreshing any stale inputs…

0

Insider buys · 90 days

10

Insider sells · 90 days

Earnings

Last report: 10-Q filed May 12, 2026

Next expected: not yet scheduled

On the tape

Recent SEC & insider activity

  • 8-K eventGrant AwardedJun 30, 2026Filing
  • 8-K eventNew Quantum Simulator AnnouncementJun 18, 2026Filing
  • Insider sellInsider Sell $6.2MMarkovich John M. · Chief Financial Officer · $6.2MJun 16, 2026Filing
  • Insider sellInsider Sell $357K · 10b5-1 PlanGhai Rohit · Director · $357.1KJun 16, 2026Filing
  • Insider sellInsider Sell $1.3MMarkovich John M. · Chief Financial Officer · $1.3MJun 10, 2026Filing
  • Insider sellInsider Sell $18.0MBARATZ ALAN E · Director, President & CEO · $18MJun 10, 2026Filing
  • Insider sellInsider Sell $192K · 10b5-1 PlanDiLullo John D · Director · $191.8KJun 8, 2026Filing
  • 8-K eventAnnual Meeting ResultsJun 8, 2026Filing
  • Insider sellInsider Sell $90KMarkovich John M. · Chief Financial Officer · $90.1KJun 4, 2026Filing
  • 8-K eventNew Roadmap AnnouncementJun 1, 2026Filing

Questions

Frequently asked questions

What is D-Wave Quantum Inc.'s market cap?

D-Wave Quantum Inc. (QBTS) has a market capitalization of $10.8B.

What is QBTS's P/E ratio?

A meaningful P/E ratio is not available for QBTS — the company's latest fiscal-year earnings per share is zero, negative, or not yet cached.

What is QBTS's price-to-book (P/B) ratio?

QBTS trades at 12.62 times book value per share.

Are insiders buying QBTS stock?

SEC Form 4 filings show no open-market insider buys at D-Wave Quantum Inc. in the last 90 days (10 sells).

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Timeline

Every filing, insider trade & earnings on a price-anchored timeline

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News

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Data: SEC EDGAR filings and cached fundamental data; prices and ratios use the most recent cached quote and statements (may lag by up to a day). Educational and research purposes only. Not investment advice.