AllSight
Companies · QBTS · Services-Computer Processing & Data Preparation

D-Wave Quantum Inc. (QBTS)

D-Wave Quantum Inc. (QBTS) stock — the fundamentals (P/E, market cap, valuation) and every material event, decoded in plain English.

D-Wave Quantum Inc. (QBTS) stock — financials & valuation

Key numbers for D-Wave Quantum Inc. (QBTS): P/E ratio, market cap, profit margins, returns, and whether the stock looks cheap or expensive versus its own 5-year range.

AllSight quality score: 32/100 — a percentile rank of D-Wave Quantum Inc.’s fundamentals against Services peers, weakest on management. A quality ranking, not a price prediction.

Market cap$6.3B
P / S506.0×
EV / EBITDA-37.4×
Gross margin64.2%
Operating margin-1372.9%
Net margin-2001.6%
Return on equity-23.0%
ROIC-18.6%
Revenue growth-44.2%
Debt / equity0.0×
Dividend yield0.0%

Is D-Wave Quantum Inc. overvalued? P/S looks overvalued vs its 5-year range.

Independent of the events above — derived from D-Wave Quantum Inc.’s own financial statements and shown as context, never as advice.

Oct 1, 2026Simulator beta launched
D-Wave launches gate-model simulator beta, but hardware revenue remains ahead
Sep 16, 2026Qubits Asia conference
D-Wave schedules Seoul quantum summit, but offers no new commercial win
Sep 15, 2026No new info
D-Wave Quantum touts dual-platform progress at conference, offers no new business update
Sep 10, 2026No new info
D-Wave registers Commerce’s 7.1M shares for resale, adding overhang—not fresh capital
Sep 8, 2026$100M CHIPS award
D-Wave finalizes $100M CHIPS award, but funding is milestone-gated and dilutive
Aug 25, 2026CFO departure
D-Wave CFO retires as internal finance chief takes over on interim basis
Aug 18, 2026Second production deployment
D-Wave expands DOCOMO quantum deployment, but discloses no revenue impact
Aug 17, 2026Audit-focused board addition
D-Wave’s quiet board move adds an audit-and-AI heavyweight
Aug 6, 2026
Bookings surged, but revenue and EPS missed consensus as losses widened
Related companies in Services-Computer Processing & Data Preparation
Open live on AllSight — the whole market, decoded →

About AllSight · Editorial standards & method · Contact