Stock AnalizD-Wave Quantum Inc. QBTS
EDP Services · data as of November 13, 2026
D-Wave Quantum Inc. (QBTS) is a technology company listed in the US with a market value of about $3.6B. In the twelve months to September 30, 2026 it had revenue of $13M and net income of -$157M, a net margin of -1188.8%.
Its overall Stock Analiz score is 1.2 out of 5 (weak). The strongest part is future growth (3/5); the weakest is value (0/5).
Key numbers: 5-year revenue growth of 37% a year, a 5-year average ROIC of -147%.
Score: 1.2 / 5
Checks passed
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Strong R&D investment or growth above 20%
- 5-year revenue growth above 8% a year
- More cash than debt, or low debt to equity
- Liabilities below 60% of assets
Checks not passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- 5-year EPS growth above 10% a year
Valuation
Growth and quality
Financials, last 6 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $13M | $25M | $9M | $9M | $7M | $6M | $5M |
| Net income | -$157M | -$355M | -$144M | -$83M | -$54M | -$41M | -$22M |
| Free cash flow | -$143M | -$76M | -$45M | -$61M | -$46M | -$37M | -$30M |
| EPS (diluted) | $-0.43 | $-1.11 | $-0.75 | $-0.60 | $-0.45 | $-0.33 | $-0.17 |
| Net margin | -1188.8% | -1444.1% | -1630.0% | -944.4% | -748.7% | -652.5% | -425.7% |
| ROIC | — | -11.2% | -60.6% | -133.2% | -384.7% | -147.5% | -72.2% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 17 analysts is $23.72, 148% above the current price; targets range from $10.88 to $35.00; the consensus rating is “Strong buy”; expected EPS is $-0.31 for the fiscal year ending December 31, 2026.
Frequently asked questions
Does D-Wave Quantum pay a dividend?
Not currently.
Is D-Wave Quantum a good stock to buy?
We do not give buy or sell advice. D-Wave Quantum scores 1.2 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.