D-Wave Quantum Inc. (QBTS) Stock Price & Analysis
D-Wave Quantum Inc. (QBTS) fell 5.20% to USD 16.21 as of July 25, 2026 at 01:13 UTC, according to Nexqual real-time market data.
QBTS last closed at USD 17.1; the session ranged USD 16.18–17.04 on volume of 12,136,450 shares. Market capitalization is $6.00B, with a 52-week range of USD 12.75–46.75 (NYQ). Source: Nexqual, July 25, 2026 at 01:13 UTC.
Key Statistics (as of July 25, 2026 at 01:13 UTC)
| Price | USD 16.21 |
|---|---|
| Change | ▼ 5.20% (down) |
| Previous Close | USD 17.1 |
| Open | USD 17.01 |
| Day Range | USD 16.18 – 17.04 |
| 52-Week Range | USD 12.75 – 46.75 |
| Volume | 12,136,450 shares |
| Market Cap | $6.00B |
| Exchange | NYQ |
Technical Analysis (QBTS)
Nexqual's technical model rates QBTS "SELL" based on 1 bullish and 5 bearish signals across 125 daily candles, as of July 25, 2026 at 01:13 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 32.32 (neutral) |
| vs SMA50 | Below (USD 22.75) |
| MACD | -1.82 (negative) |
Analyst Ratings (QBTS)
Wall Street analysts rate QBTS "Strong Buy" based on 14 analysts, with a mean price target of USD 37.56 (range USD 22–45), per Nexqual as of July 25, 2026 at 01:13 UTC.
| Consensus Rating | Strong Buy |
|---|---|
| Analyst Count | 14 |
| Mean Target | USD 37.56 |
| High Target | USD 45 |
| Low Target | USD 22 |
| Buy / Hold / Sell | 13 / 1 / 0 |
Earnings (QBTS)
| Next Earnings Date | 2026-08-06 |
|---|---|
| EPS Estimate | USD -0.09 |
| Revenue Estimate | $4.04M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-03-31 | USD -0.04 vs est -0.08 ▲ beat |
| 2025-12-31 | USD -0.09 vs est -0.06 ▼ miss |
| 2025-09-30 | USD -0.05 vs est -0.07 ▲ beat |
| 2025-06-30 | USD -0.08 vs est -0.05 ▼ miss |
Source: Nexqual, July 25, 2026 at 01:13 UTC.
Financials & Fundamentals (QBTS)
| Total Revenue | $12.44M |
|---|---|
| Revenue Growth (YoY) | -80.90% |
| Gross Margin | +66.27% |
| Operating Margin | -1914.87% |
| Profit Margin | +0.00% |
| ROE | -55.27% |
| Debt / Equity | 4.17 |
| Current Ratio | 21.41 |
| Total Cash | $588.40M |
| Total Debt | $46.82M |
| Free Cash Flow | $-63.51M |
Source: Nexqual, July 25, 2026 at 01:13 UTC.
Financial Health Score (QBTS)
Nexqual rates D-Wave Quantum Inc.'s overall financial health "Mixed" across five dimensions, as of July 25, 2026 at 01:13 UTC.
| Growth | Strong — Revenue +179% YoY (annual) |
|---|---|
| Profitability | Critical — Heavily loss-making — early-stage company |
| Balance Sheet | Strong — $588M cash vs $47M debt, net cash position |
| Cash Flow | Weak — FCF negative: -$64M, burning cash |
| Efficiency | Critical — ROE -55%, ROA -11.8% |
Ownership (QBTS)
| Insider Ownership | +2.17% |
|---|---|
| Institutional Ownership | +49.37% |
| Shares Outstanding | 367.27M |
| Float | 358.22M |
| Short % of Float | +19.45% |
Source: Nexqual, July 25, 2026 at 01:13 UTC.
Leadership (QBTS)
D-Wave Quantum Inc. is led by Alan E. Baratz (age 70), President, CEO & Director, per Nexqual as of July 25, 2026 at 01:13 UTC.
| President, CEO & Director | Alan E. Baratz (age 70) |
|---|---|
| Executive VP & CFO | John M. Markovich (age 68) |
| Senior Director of Investor Relations | Kevin M. Hunt |
| Senior Vice President of Global Government Relations & Public Affairs | Allison Schwartz |
| Senior Vice President of Marketing | Michelle Maggs |
Major Backers & Investors (QBTS)
Notable institutional backers of D-Wave Quantum Inc. include UBS Group AG, Clear Street Group Inc., Fidelity, according to Nexqual as of July 25, 2026 at 01:13 UTC.
Active Investors
| Investor | Stake |
|---|---|
| UBS Group AG | 2.69% |
| Clear Street Group Inc. | 1.56% |
| Fidelity | 1.51% |
| Goldman Sachs | 1.17% |
| Bank of America Corporation | 1.06% |
| HRT Financial LP | 0.92% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 19.01% |
| BlackRock | 12.01% |
| Geode Capital | 2.46% |
| State Street | 2.31% |
Source: Nexqual, July 25, 2026 at 01:13 UTC.
From D-Wave Quantum Inc.'s Latest SEC 10-K Filing (filed 2026-02-26)
Key Strengths & Strategy (as disclosed to the SEC)
- Since the Lockheed Martin engagement, our technology has been used for a variety of research and academic applications at companies and institutions including Google, the Oak Ridge National Laboratory, Los Alamos National Laboratory, Jülich Supercomputing Centre, University of Southern California (" USC ") Information Sciences Institute, and the NASA Quantum Artificial Intelligence Laboratory and University Space Research Organization.
- Advantage TM and Advantage2 systems are available via our Leap service, and access to the Leap service and other services can be purchased directly from D-Wave or through Amazon Web Services (" AWS ") Marketplace. 11 Gate-model quantum computer development: The acquisition of Quantum Circuits brings superconducting dual-rail qubit technology to D-Wave.
- And finally, our customers, including more than two dozen of the Forbes Global 2000 companies, are experiencing firsthand the power of annealing quantum computing.
- Built upon our decades of quantum innovation, we offer a full stack of quantum systems, software and services capable of solving highly complex problems today.
Partnerships
- By 2011, we officially moved our research and development into a new phase when we announced our collaboration with Lockheed Martin, allowing for outside scientists and engineers to work with our quantum systems and to provide critical feedback on our continuing quantum system development.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| RGTI | Rigetti Computing, Inc. | USD 14.15 | ▼ 7.09% |
| IONQ | IonQ, Inc. | USD 32.84 | ▼ 5.31% |
| QUBT | Quantum Computing Inc. | USD 7.43 | ▼ 6.07% |
| SOUN | SoundHound AI, Inc. | USD 6.16 | ▼ 4.64% |
| CRWV | CoreWeave, Inc. | USD 71.88 | ▼ 13.02% |
Data source: Nexqual — real-time market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: July 25, 2026 at 01:13 UTC. This page is informational and not investment advice.