D-Wave Quantum Inc. Common Stock

D-Wave Quantum Inc. Common Stock

QBTS · NASDAQ · Technology / Computer Hardware

9.56USD-0.28 (-2.85%)

Price History

Full chart

Market Stats

Previous Close9.84
Open9.83
Day Range9.28 – 9.83
52-Week Range8.48 – 32.39
Volume11.09M
Market Cap4.35B
P/E (TTM)0.00
Forward P/E0.00
EPS-0.69
Dividend Yield0.00%
Beta2.33
50-Day Avg14.47
200-Day Avg18.78

About

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. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. The company has a collaboration with the University of Arkansas to establish leadership, education, and independent research focused on the application of quantum computing to supply chain management across retail, transportation, and national defense. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.

Company Details

  • SectorTechnology
  • IndustryComputer Hardware
  • CEODr. Alan E. Baratz Ph.D.
  • Employees382
  • Headquarters2650 East Bayshore Road, Palo Alto, CA, United States, 94303, USA
  • Websitehttps://www.dwavequantum.com

Leadership

  • Dr. Alan E. Baratz Ph.D.President, CEO & Director · b. 1955
  • Ms. Diane NguyenExecutive VP, Chief Legal Officer & General Counsel · b. 1985
  • Mr. Eric LadizinskyCo-Founder & Chief Scientist
  • Mr. Greg GolkovSenior VP of Finance, Acting CFO and Principal Financial & Accounting Officer · b. 1977
  • Mr. Stanley T. Black CISSPExecutive VP & Chief Information Security Officer · b. 1966
  • Mr. Kevin M. HuntSenior Director of Investor Relations
  • Ms. Allison SchwartzSenior Vice President of Global Government Relations & Public Affairs
  • Ms. Michelle MaggsSenior Vice President of Marketing
  • Ms. Sophie C. AmesExecutive VP & Chief Human Resources Officer · b. 1965
  • Mr. Trevor LantingChief Development Officer

Financials

Income Statement

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue5.16M6.28M7.17M8.76M8.83M24.59M
Growth (%)-+21.69%+14.24%+22.10%+0.79%+178.54%
Cost of Revenue915.00K1.75M2.92M4.14M3.26M4.28M
Gross Profit4.25M4.53M4.25M4.62M5.56M20.31M
Gross Margin82.27%72.13%59.25%52.77%63.02%82.59%
Operating Expense35.71M43.48M63.71M85.17M82.79M120.67M
Operating Income-31.47M-38.95M-59.46M-80.55M-77.22M-100.37M
Operating Margin-609.83%-620.29%-828.91%-919.68%-874.85%-408.22%
EBITDA-14.06M-34.36M-49.03M-80.83M-138.05M-348.74M
EBITDA Margin-272.54%-547.19%-683.59%-922.96%-1563.95%-1418.40%
Net Income-21.97M-40.97M-53.70M-82.72M-143.88M-355.06M
Net Income Margin-425.72%-652.54%-748.67%-944.45%-1629.99%-1444.10%
R&D20.41M25.40M32.10M37.88M35.30M50.73M
R&D as % of Total Revenue395.56%404.54%447.53%432.50%399.91%206.34%
Interest Expense5.18M4.01M2.33M2.15M3.90M4.01M
Interest Expense % of Total Revenue100.35%63.91%32.55%24.61%44.15%16.32%

Balance Sheet

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets47.46M29.47M26.95M59.36M199.85M915.81M
Total Liabilities14.73M47.82M56.41M83.84M137.21M63.58M
Total Equity32.73M-18.36M-29.46M-24.48M62.65M852.23M
Cash21.34M9.48M7.07M41.31M177.98M635.35M
Total Debt4.66M39.42M42.28M72.65M38.38M43.46M
Net Debt-16.68M29.94M35.22M31.34M-139.60M-591.89M

Cash Flow

Currency: USD2020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-29.29M-34.80M-45.23M-60.65M-42.64M-71.98M
Investing Cash Flow-789.00K-2.00M-498.00K-630.00K-3.14M-251.13M
Financing Cash Flow43.14M24.91M43.27M95.64M182.45M779.15M
Capital Expenditure789.00K2.00M498.00K630.00K2.11M3.86M
Free Cash Flow-30.08M-36.80M-45.72M-61.28M-44.75M-75.84M
Dividends Paid000491.00K--
FCF to OCF102.69%105.74%101.10%101.04%104.94%105.37%
Dividend Paid to FCF0.00%0.00%0.00%-0.80%--

Earnings

Report DateDec 4, 2020Mar 31, 2021Jul 2, 2021Nov 19, 2021Mar 15, 2022May 12, 2022Aug 16, 2022Nov 10, 2022Mar 30, 2023May 19, 2023Aug 10, 2023Nov 9, 2023Mar 28, 2024May 13, 2024Aug 8, 2024Nov 14, 2024Mar 13, 2025May 8, 2025Aug 7, 2025Nov 6, 2025Feb 26, 2026May 12, 2026Aug 6, 2026Nov 5, 2026Nov 10, 2026
EPS Estimate0.00-----0.10-0.13-0.12-0.13-0.11-0.13-0.12-0.10-0.07-0.08-0.08-0.08-0.04-0.06-0.07-0.05-0.08-0.12-0.10-0.10
EPS Actual-0.01-0.010.410.28-0.01-0.10-0.12-0.11-0.13-0.14-0.16-0.14-0.10-0.10-0.11-0.10-0.10-0.03-0.55-0.05-0.12-0.04-0.13--0.13
Surprise-----0.00%7.69%8.33%1.89%-27.27%-23.08%-16.67%0.00%-42.86%-37.50%-25.00%-25.00%25.00%-816.67%28.57%-140.00%50.00%-8.33%--30.00%
Timing----After-hoursAfter-hoursAfter-hoursPre-market-Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-marketPre-marketPre-market-Pre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap4.35B
Enterprise Value3.86B
Trailing P/E0.00
Forward P/E0.00
Price / Sales350.45
Price / Book4.02
EPS-0.69
Book Value2.91
Revenue (TTM)12.43M
Gross Profit (TTM)7.97M
EBITDA-161.20M
Profit Margin0.00%
Operating Margin-1732.06%
Return on Equity-27.99%
Return on Assets-10.65%
Shares Outstanding376.45M
Shares Float361.92M
Beta2.33
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 17 analystsTarget 33.21
  • Strong Buy
    14
  • Buy
    1
  • Hold
    2

Ownership Breakdown

Institutions
55.20%
Insiders
2.21%
Retail / Other
42.59%

Top Institutional Holders

  • BlackRock Inc
    33.15M8.73%
  • Vanguard Portfolio Management, LLC
    22.02M5.80%
  • Vanguard Capital Management, LLC
    15.94M4.20%
  • UBS Group AG
    11.65M3.07%
  • Geode Capital Management, LLC
    9.27M2.44%
  • State Street Corp
    9.03M2.38%
  • Clear Street Group Inc
    6.21M1.64%
  • NORGES BANK
    4.48M1.18%
  • Bank of America Corp
    4.34M1.14%
  • Northern Trust Corp
    3.37M0.89%
  • Charles Schwab Investment Management Inc
    3.28M0.87%
  • Unicom Systems Inc
    3.12M0.82%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    11.74M3.09%
  • iShares Russell 2000 ETF
    9.38M2.47%
  • Vanguard Small Cap Index
    8.31M2.19%
  • Vanguard Information Technology ETF
    5.44M1.43%
  • Vanguard MStar Small Cap Growth Indx Inv
    4.63M1.22%
  • VanEck Quantum Cmptg ETF A USD Acc
    4.07M1.07%
  • Fidelity Small Cap Index
    4.05M1.07%
  • iShares Russell 2000 Growth ETF
    3.47M0.91%