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.

D-Wave Quantum (QBTS) Stock Price & Market Analysis
QBTS · NASDAQ · Computer Hardware
$16.78
▼ -$0.6300(-3.62%)4:00 PM ET - vs previous closeQuote 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
Long-term rangesSince first printHide
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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.
Technology
Company · Profile
About D-Wave Quantum (QBTS)
Sector, leadership, and how D-Wave Quantum earns its revenue.
D-Wave Quantum
NASDAQ · QBTS · US
- 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
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 activityCompetitors & 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.
All data sources
Search the dated figures used for this view. Each entry identifies its units, reporting period and calculation status.
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.
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