QBTS

D-Wave Quantum Inc.

Technology · $6.0B market cap

Verdict

We can't put a fair value on QBTS right now. It has lost money in each of its last 3 years, and our valuation needs recent profits to project from.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth—?
Equity per share growth713.7% a year✓
Sales growth19.3% a year✓
Free cash flow growth—?
Return on invested capital-46.8%✗

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Insider activity

Since Sep 8, 2026: no open-market purchases and 1 sale worth $20K. Why purchases matter

Sales

About D-Wave Quantum Inc.

Operating globally, D-Wave Quantum Inc. specializes in developing and supplying quantum computing systems, software, and related services. Their offerings include Advantage, a pioneering fifth-generation quantum computer, and Launch, an onboarding service designed for quantum computing adoption. The company also provides Ocean, a comprehensive suite of open-source programming tools. Furthermore, Leap is a…

Computer Hardware

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works