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D-Wave Quantum (QBTS) Stock Price & Market Analysis

QBTS · NASDAQ · Computer Hardware

Market closedLatest regular-session print

$16.78

▼ -$0.6300(-3.62%)4:00 PM ET - vs previous close

Quote as of Sep 28, 2026, 4:00 PM EDT

NASDAQ market is closed. Showing the latest available regular-session trade from Sep 28, 2026, 4:00 PM EDT.

Yahoo Finance · latest regular-session print · as of Sep 28, 2026, 4:00 PM EDT · delay not stated · current source

Last session4%
$16.75L Sep 28 '26$17.55H Sep 28 '26
52-week12%
$12.75L Mar 30 '26$46.75H Oct 15 '25
Long-term rangesSince first print
Since first print(2020-12-11)35%
$0.3960L May 8 '23$46.75H Oct 15 '25

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Session market context

QBTSStock · vs previous close
↓ -3.62%
XLKTechnology ETF
↓ -0.89%
QQQNasdaq-100 ETF
↓ -1.07%

QBTS underperformed the sector by 2.73 percentage points.

Price comparisons describe market context; they do not establish the cause of a move.

Data freshness

PriceAt closeLast traded

Fundamentalsevery 1 hrProvider checked

Analystevery 12 hrProvider checked

NewsTECHi refresh every 15 minLatest item

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Reported fundamentals

QBTS research snapshot

Annual revenue

USD 24.59M

Sales reported for this fiscal year.

Revenue change

+178.5%

Compared with the prior fiscal year.

Net profit margin

-1444.1%

Reported net income divided by revenue.

These reported results describe the business’s recent scale and profitability. Compare cash generation and valuation before forming an investment view; historical growth is not a forecast.

Company · Profile

About D-Wave Quantum (QBTS)

Sector, leadership, and how D-Wave Quantum earns its revenue.

D-Wave Quantum

NASDAQ · QBTS · US

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. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.

Sector
Technology
Industry
Computer Hardware
Headquarters
Palo Alto, CA, United States
Country
US
Founded
2020
Employees
382
CEO
Dr. Alan E. Baratz Ph.D.Company leadership source
Exchange
NASDAQ
Business model & operating evidence

Company website ↗

AI business exposure

Revenue exposure
AI-specific revenue is not separated in the available company statements.
Capital-spending dependency
No reviewed quantitative dependency model is available.
Compute role
See the sourced business description; AI labels do not establish compute revenue.
Platform examples
An exhaustive, consistently defined product inventory is unavailable.
Ecosystem links
Supplier and customer links require reviewed disclosures.

Narrative versus numbers

Demand is expanding

Contradicting observation: -0.6%

Quarterly revenue growth year over year; company-wide, not exclusively AI. · TECHi unified data · 2026-06-30

Growth produces accounting profit

Insufficient evidence: Unavailable

Net margin. A positive figure supports profitability, not necessarily cash generation. · Company financial statements · 2026-06-30

The business generates cash after investment

Contradicting observation: -32.94M

Latest available free cash flow; period-specific, not a forecast. · SEC Companyfacts · 2026-06-30

These are explicit tests of individual claims, not an overall bull/bear rating. Demand growth can coexist with valuation, concentration and financing risk.

Operating measures

Revenue
$3.08Mquarter ended Jun 30, 2026
Gross margin
55.4%quarter ended Jun 30, 2026
Operating margin
-1732.1%quarter ended Jun 30, 2026
EPS
-$0.13quarter ended Jun 30, 2026
Capital expenditure
$4.44Mquarter ended Jun 30, 2026
Free cash flow
-$32.94Mquarter ended Jun 30, 2026
Free cash flow margin
-1071.0%quarter ended Jun 30, 2026
Revenue growth year over year
-0.6%quarter ended Jun 30, 2026

Leadership

CEO: Dr. Alan E. Baratz Ph.D.

Source: Yahoo Finance · 2026-09-29T10:22:23.588Z

Ownership filings and insider activity
Competitors & comparisons

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Governance & sustainability

Dated environmental and governance disclosures are not available in this dataset. TECHi does not infer an ESG rating from profitability, volatility, headcount or executive biographies.

Find proxy statements and annual reports

Read QBTS news & coverage
All data sources

Search the dated figures used for this view. Each entry identifies its units, reporting period and calculation status.

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Research tools
US market hours

Regular hours: 9:30 AM–4:00 PM America/New_York

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Exchange calendar includes scheduled holidays and early closes. Extended-session prices appear separately only when supplied by the quote source.