D-Wave Quantum Inc. (QBTS) Stock Price & Analysis
D-Wave Quantum Inc. (QBTS) fell 8.94% to USD 23.52 as of June 9, 2026 at 22:41 UTC, according to Nexqual real-time market data.
QBTS last closed at USD 25.83; the session ranged USD 22.35–26.66 on volume of 35,490,309 shares. Market capitalization is $8.71B, with a 52-week range of USD 12.75–46.75 (NYQ). Source: Nexqual, June 9, 2026 at 22:41 UTC.
Key Statistics (as of June 9, 2026 at 22:41 UTC)
| Price | USD 23.52 |
|---|---|
| Change | ▼ 8.94% (down) |
| Previous Close | USD 25.83 |
| Open | USD 25.76 |
| Day Range | USD 22.35 – 26.66 |
| 52-Week Range | USD 12.75 – 46.75 |
| Volume | 35,490,309 shares |
| Market Cap | $8.71B |
| Exchange | NYQ |
Technical Analysis (QBTS)
Nexqual's technical model rates QBTS "NEUTRAL" based on 3 bullish and 2 bearish signals across 124 daily candles, as of June 9, 2026 at 22:41 UTC.
| Overall Signal | NEUTRAL |
|---|---|
| RSI (14) | 47.11 (neutral) |
| vs SMA50 | Above (USD 21.08) |
| MACD | 1.42 (positive) |
Analyst Ratings (QBTS)
Wall Street analysts rate QBTS "Strong Buy" based on 15 analysts, with a mean price target of USD 36.44 (range USD 19.58–45), per Nexqual as of June 9, 2026 at 22:41 UTC.
| Consensus Rating | Strong Buy |
|---|---|
| Analyst Count | 15 |
| Mean Target | USD 36.44 |
| High Target | USD 45 |
| Low Target | USD 19.58 |
| Buy / Hold / Sell | 13 / 2 / 0 |
Earnings (QBTS)
| Next Earnings Date | 2026-08-06 |
|---|---|
| EPS Estimate | USD -0.09 |
| Revenue Estimate | $4.10M |
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, June 9, 2026 at 22:41 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, June 9, 2026 at 22:41 UTC.
Financial Health Score (QBTS)
Nexqual rates D-Wave Quantum Inc.'s overall financial health "Mixed" across five dimensions, as of June 9, 2026 at 22:41 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 | +2.27% |
|---|---|
| Institutional Ownership | +48.37% |
| Shares Outstanding | 367.27M |
| Float | 358.00M |
| Short % of Float | +15.48% |
Source: Nexqual, June 9, 2026 at 22:41 UTC.
Leadership (QBTS)
D-Wave Quantum Inc. is led by Alan E. Baratz (age 70), President, CEO & Director, per Nexqual as of June 9, 2026 at 22:41 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 June 9, 2026 at 22:41 UTC.
Active Investors
| Investor | Stake |
|---|---|
| UBS Group AG | 2.69% |
| Clear Street Group Inc. | 1.56% |
| Fidelity | 1.43% |
| 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 | 11.88% |
| Geode Capital | 2.46% |
| State Street | 2.31% |
Source: Nexqual, June 9, 2026 at 22:41 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 19.69 | ▼ 4.79% |
| IONQ | IonQ, Inc. | USD 56.69 | ▼ 0.16% |
| QUBT | Quantum Computing Inc. | USD 9.51 | ▼ 4.52% |
| SOUN | SoundHound AI, Inc. | USD 7.02 | ▼ 5.01% |
| CRWV | CoreWeave, Inc. | USD 98.45 | ▼ 1.93% |
Data source: Nexqual — real-time market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: June 9, 2026 at 22:41 UTC. This page is informational and not investment advice.