QBTS
BEARISH
$20.49
Live
D-Wave Quantum Inc. · NYSE
Target $35.77
(+74.6%)
$6.82
52W Range
$46.75
At a glance
Key valuation, profitability, growth, and risk metrics.
Updated May 02, 2026
Market cap
$7.59B
P/E
N/A
ROE
-77.6%
Profit margin
N/A
Debt/Equity
0.05
Dividend yield
N/A
AI Analysis
AI-powered fundamental assessment
Confidence
85%
QBTS presents a stark contrast between a stable deterministic health profile (Piotroski F-Score: 5/9) and an unsustainable valuation. While the company maintains an exceptionally strong liquidity position with a current ratio of 42.38 and negligible debt, its valuation is detached from reality with a Price/Sales ratio of 308.70. Severe operating losses (-1265.95% margin) and aggressive insider selling ($35.57M) outweigh the 'Strong Buy' analyst consensus. The stock appears to be a speculative vehicle trading on future quantum potential rather than current financial performance.
Key Strengths
Exceptional short-term liquidity (Current Ratio: 42.38)
Very low leverage (Debt/Equity: 0.05)
Strong Gross Margins (82.59%) indicating high value-add potential
Consistent revenue growth (19.20% YoY)
Stable Piotroski F-Score (5/9) suggesting no immediate operational collapse
Key Risks
Extreme valuation (P/S ratio of 308.70 is among the highest in the sector)
Severe operational inefficiency (Operating Margin: -1265.95%)
Heavy insider liquidation (16 sell transactions, 0 buys)
Poor earnings track record (only 1 beat in last 4 quarters)
Negative ROE (-77.62%) indicating failure to generate returns on equity
Performance Snowflake
Multi-dimensional analysis across 5 key categories
Overall
35
Weak
5
45
50
75
0
AI Verdict
Speculative/Overvalued
Key drivers: Extreme P/S Ratio, Insider Selling, High Liquidity, Negative Operating Margins
Confidence
90%
Value
5/100
Graham Number is N/A due to lack of earnings; valuation is purely speculative.
Positives
No standout positives identified.
Watchpoints
- P/S of 308.70
- P/B of 8.62
- Negative Forward P/E
Future
45/100
Growth is present in top-line revenue but not translating to the bottom line.
Positives
- 19.2% Revenue Growth
- High Gross Margins
Watchpoints
- Declining EPS Growth (-12.5% YoY)
- Consistent earnings misses
Past
50/100
Historical price action reflects a hype cycle rather than fundamental growth.
Positives
- Massive 3Y price appreciation (+4504.5%)
Watchpoints
- Recent 6M price correction (-44.7%)
- Poor earnings surprise average (-22.92%)
Health
75/100
Balance sheet is very healthy/liquid, providing a long runway despite losses.
Positives
- Piotroski F-Score 5/9
- Current Ratio 42.38
- Debt/Equity 0.05
Watchpoints
- Negative ROA/ROE
Dividend
0/100
Company is in a growth/burn phase; dividends are not applicable.
Positives
No standout positives identified.
Watchpoints
- No dividend paid
- 0/100 strength score
Stock Price & Analyst Targets
Real-time price movements and analyst price targets
Current Price
$20.49
Analyst Target
$35.77
Upside/Downside
+74.6%
Multi-Horizon Performance vs Peers
Price momentum across 5Y → 1W horizons for QBTS and closest competitors.
Updated 2026-05-01
| Company | 5Y | 3Y | 1Y | 6M | 1M | 1W |
|---|---|---|---|---|---|---|
|
QBTS
D-Wave Quantum Inc.
Primary
|
+106.1% | +4504.5% | +193.6% | -44.7% | +49.6% | +10.8% |
|
PEGA
Pegasystems Inc.
Peer
|
-30.7% | +85.9% | +32.2% | -20.0% | +0.9% | +5.3% |
|
CAMT
Camtek Ltd.
Peer
|
+386.7% | +519.8% | +188.6% | +42.4% | +2.6% | +5.0% |
|
CHYM
Chime Financial, Inc.
Peer
|
-48.5% | -48.5% | -48.5% | -8.0% | -15.5% | +2.1% |
|
AAOI
Applied Optoelectronics, Inc.
Peer
|
+970.9% | +3539.5% | +510.0% | +257.6% | +100.0% | +1.3% |
QBT
D-Wave Quantum Inc.
Primary
5Y
+106.1%
3Y
+4504.5%
1Y
+193.6%
6M
-44.7%
1M
+49.6%
1W
+10.8%
PEG
Pegasystems Inc.
Peer
5Y
-30.7%
3Y
+85.9%
1Y
+32.2%
6M
-20.0%
1M
+0.9%
1W
+5.3%
CAM
Camtek Ltd.
Peer
5Y
+386.7%
3Y
+519.8%
1Y
+188.6%
6M
+42.4%
1M
+2.6%
1W
+5.0%
CHY
Chime Financial, Inc.
Peer
5Y
-48.5%
3Y
-48.5%
1Y
-48.5%
6M
-8.0%
1M
-15.5%
1W
+2.1%
AAO
Applied Optoelectronics, Inc.
Peer
5Y
+970.9%
3Y
+3539.5%
1Y
+510.0%
6M
+257.6%
1M
+100.0%
1W
+1.3%
Positive values indicate cumulative gains over the specified period. Comparables pulled from the same sector to highlight whether momentum is stock-specific or industry-wide.
Historical Performance Trends
Long-term financial metrics and growth patterns
Revenue & Net Income
Profit & Operating Margins
Return on Equity (ROE)
Quarterly Revenue Growth
Historical data shows last 12 quarters (3 years)
Valuation Metrics
Key valuation ratios and pricing indicators
P/E Ratio
N/A
Forward P/E
-55.38
PEG Ratio
N/A
P/B Ratio
8.62
P/S Ratio
308.7
EV/Revenue
274.07
EV/EBITDA
-68.2
Market Cap
$7.59B
Profitability
Profit margins and return metrics
Profit Margin
N/A
Operating Margin
-1265.95%
Gross Margin
82.59%
ROE
-77.62%
ROA
-11.24%
Growth
Revenue and earnings growth rates
Revenue Growth
+19.2%
Earnings Growth
N/A
Q/Q Revenue Growth
+19.19%
Q/Q Earnings Growth
N/A
Financial Health
Balance sheet strength and liquidity metrics
Debt/Equity
0.05
Low debt
Current Ratio
42.38
Strong
Quick Ratio
42.05
Excellent
Cash/Share
$2.39
Financial Statement Flow
Interactive flow visualization showing how money moves through the company Q4 2025
Revenue
$0.0B
Gross Margin
64.8%
Op. Margin
-1266.0%
Net Margin
-1538.0%
Total Assets
$0.9B
Liabilities
$0.1B
Equity
$0.9B
Debt/Equity
0.07x
Operating CF
$-0.0B
CapEx
$-0.0B
Free Cash Flow
$-0.0B
FCF Yield
110%
Quarterly Earnings History
EPS performance vs analyst estimates
2026-05-12
$N/A
2026-02-26
$-0.09
-45.9% surprise
2025-11-06
$-0.05
+24.5% surprise
2025-08-07
$-0.08
-47.4% surprise
Technology Sector Comparison
Comparing QBTS against 621 companies in the Technology sector
(49 bullish, 222 neutral, 350 bearish)
Return on Equity (ROE)
-77.62%
This Stock
vs
-30.82%
Sector Avg
+151.9%
(Excellent)
Debt to Equity
0.05
This Stock
vs
0.77
Sector Avg
-93.4%
(Less Debt)
Revenue Growth
19.2%
This Stock
vs
3985.35%
Sector Avg
-99.5%
(Slower)
Current Ratio
42.38
This Stock
vs
3.7
Sector Avg
+1046.7%
(Stronger)
Similar Companies
Peer comparison within the same industry
| Company | AI Rating | Market Cap | P/E | ROE | Profit Margin | Price | |
|---|---|---|---|---|---|---|---|
|
QBTS
D-Wave Quantum Inc.
|
BEARISH | $7.59B | - | -77.6% | -% | $20.49 | |
|
PEGA
Pegasystems Inc.
|
NEUTRAL | $7.43B | 20.56 | 57.3% | 22.5% | $43.8 | Compare |
|
CAMT
Camtek Ltd.
|
NEUTRAL | $7.41B | 154.58 | 8.7% | 10.2% | $159.22 | Compare |
|
CHYM
Chime Financial, Inc.
|
NEUTRAL | $7.35B | - | -85.5% | -46.2% | $19.13 | Compare |
|
AAOI
Applied Optoelectronics, Inc.
|
BEARISH | $7.28B | - | -7.9% | -8.4% | $96.81 | Compare |
QBTS
D-Wave Quantum Inc.
BEARISH
Mkt Cap
$7.6B
P/E
-
ROE
-77.6%
Price
$20.49
Recent Insider Trading
Insider buy and sell transactions from the last 6 months
| Date | Insider | Position | Transaction | Shares | Value |
|---|---|---|---|---|---|
| 2026-04-20 | AMES SOPHIE C | Officer | Sale | 3,070 | $65,548 |
| 2026-03-16 | GHAI ROHIT | Director | Sale | 10,000 | $176,168 |
| 2026-03-13 | MARKOVICH JOHN M | Chief Financial Officer | Sale | 10,706 | $188,723 |
| 2026-03-13 | NGUYEN DIANE | General Counsel | Sale | 2,532 | $44,634 |
| 2026-03-05 | DILULLO JOHN DAVID | Director | Sale | 8,000 | $144,098 |
| 2026-02-19 | NGUYEN DIANE | General Counsel | Stock Award | 28,068 | - |
| 2026-02-13 | NGUYEN DIANE | General Counsel | Sale | 1,451 | $28,671 |
| 2026-01-14 | BARATZ ALAN E | Chief Executive Officer | Sale | 35,013 | $982,545 |
| 2026-01-14 | MARKOVICH JOHN M | Chief Financial Officer | Sale | 9,179 | $257,584 |
| 2026-01-14 | NGUYEN DIANE | General Counsel | Sale | 24,519 | $703,972 |
| 2025-12-22 | BARATZ ALAN E | Chief Executive Officer | Sale | 793,712 | $23,913,114 |
| 2025-12-22 | BARATZ ALAN E | Chief Executive Officer | Option Exercise | 793,712 | $722,278 |
| 2025-12-22 | MARKOVICH JOHN M | Chief Financial Officer | Sale | 100,000 | $3,002,620 |
| 2025-12-22 | MARKOVICH JOHN M | Chief Financial Officer | Option Exercise | 100,000 | $92,000 |
| 2025-12-15 | MARKOVICH JOHN M | Chief Financial Officer | Sale | 11,562 | $276,267 |
AMES SOPHIE C
Officer
2026-04-20
3,070 shares
·
$65,548
GHAI ROHIT
Director
2026-03-16
10,000 shares
·
$176,168
MARKOVICH JOHN M
Chief Financial Officer
2026-03-13
10,706 shares
·
$188,723
NGUYEN DIANE
General Counsel
2026-03-13
2,532 shares
·
$44,634
DILULLO JOHN DAVID
Director
2026-03-05
8,000 shares
·
$144,098
NGUYEN DIANE
General Counsel
2026-02-19
28,068 shares
NGUYEN DIANE
General Counsel
2026-02-13
1,451 shares
·
$28,671
BARATZ ALAN E
Chief Executive Officer
2026-01-14
35,013 shares
·
$982,545
MARKOVICH JOHN M
Chief Financial Officer
2026-01-14
9,179 shares
·
$257,584
NGUYEN DIANE
General Counsel
2026-01-14
24,519 shares
·
$703,972
BARATZ ALAN E
Chief Executive Officer
2025-12-22
793,712 shares
·
$23,913,114
BARATZ ALAN E
Chief Executive Officer
2025-12-22
793,712 shares
·
$722,278
MARKOVICH JOHN M
Chief Financial Officer
2025-12-22
100,000 shares
·
$3,002,620
MARKOVICH JOHN M
Chief Financial Officer
2025-12-22
100,000 shares
·
$92,000
MARKOVICH JOHN M
Chief Financial Officer
2025-12-15
11,562 shares
·
$276,267
Insider transactions can signal confidence or concerns about company prospects
SEC Filings
Recent regulatory filings from the SEC EDGAR database
8-K
DEF 14A
8-K
10-K
8-K
8-K
8-K
8-K
Data sourced from SEC EDGAR. AI summaries generated automatically.
Wall Street Analysts
Professional analyst ratings and price targets
Consensus
STRONG_BUY
15 analysts
Mizuho
2026-02-27
Outperform
Outperform
Evercore ISI Group
2026-02-27
Outperform
Outperform
Roth Capital
2026-02-27
Buy
Buy
Needham
2026-02-26
Buy
Buy
Needham
2026-01-29
Buy
Buy
Rosenblatt
2026-01-28
Buy
Buy
Benchmark
2026-01-23
Buy
Buy
Needham
2026-01-22
Buy
Buy
Rosenblatt
2026-01-08
Buy
Buy
Rosenblatt
2026-01-07
Buy
Buy
Past News Coverage
Recent headlines mentioning QBTS from our newsroom.
Newest → oldest
No matching news yet.