# D-Wave Quantum Inc. Common Stock (QBTS) stock analysis and sentiment

Canonical page: https://synoptiv.com/stock/QBTS
Methodology: https://synoptiv.com/methodology
Author: Synoptiv Research Engine

Last analyzed: Sep 8, 2026

D-Wave Quantum Inc. Common Stock (QBTS) last closed at $16.58, near the bottom of its 52-week range of $12.75–$46.75. Composite market sentiment across 1 analysis is negative (-14 on a −100 to +100 scale), as of Sep 8, 2026.

## What the data says

At $16.58, the stock sits closer to the bottom of its 52-week range than the top: the low is $12.75 and the high is $46.75, so shares trade roughly a third of the way up a band whose upper end is nearly four times its lower end. A range that wide over a single year is the mark of a stock that has moved in large steps rather than drifting, and the current price reflects a substantial retreat from where it changed hands at the peak.

The market values the business at about $6.2 billion while it is not yet earning a profit — the forward price-to-earnings figure is negative, reflecting expected losses rather than earnings, and the profit margin stands at zero. Revenue over the trailing period was essentially flat, down about 0.6%. That leaves book value as the main accounting anchor for the valuation, and at roughly 5.7 times book, the market capitalization rests largely on expectations rather than on current results. A beta of 2.14 means the shares have historically moved with more than twice the amplitude of the broad market in both directions, which is consistent with the width of the 52-week range.

Recent coverage is dominated by commentary and comparison pieces rather than company announcements. Several items weigh the valuation against the growth case, one notes an insider sale of 23,850 shares, and another follows a single-day price move. Much of the flow is sector-level: headlines group D-Wave with IonQ and Rigetti, compare it against Microsoft in quantum computing, and reference an $863 million figure framed as a warning for the group. In other words, the news cycle around this name currently tracks sentiment toward quantum computing stocks broadly at least as much as it tracks developments specific to the company.

## About D-Wave Quantum Inc. Common Stock

D-Wave Quantum Inc. builds and sells quantum computing systems, software, and related services. Its hardware line centers on annealing quantum computers, marketed under the Advantage name, and the company also offers gate-model research alongside that work. Access is delivered mainly through Leap, a cloud service that provides real-time use of the company's quantum processors and of hybrid solvers that combine quantum and classical resources for larger problems. Developers work with Ocean, an open-source Python software development kit, and D-Wave Launch, a professional services program that pairs training and system access with staged work toward production applications.

The company's systems are aimed primarily at optimization problems, including scheduling, resource allocation, vehicle routing and logistics, portfolio construction, and maintenance planning, with additional research use in areas such as materials simulation and drug discovery. Founded in 1999 in Canada, D-Wave has operations in Burnaby, British Columbia, and Palo Alto, California, and has been publicly traded since 2022.

## Company profile

- Symbol: QBTS
- Exchange: NYSE
- Security type: Stock
- Sector: Technology
- Industry: Computer Hardware
- Composite sentiment: negative (-14 on a -100 to +100 scale)

## Key statistics

| Metric | Value |
| --- | ---: |
| Market capitalization | $6.18B |
| Enterprise value | $5.68B |
| Forward P/E | -43.83 |
| Price to book | 5.7 |
| Price to sales | 496.99 |
| Beta | 2.14 |
| Net margin | 0.00% |
| Revenue growth | -0.60% |
| 52-week high | $46.75 |
| 52-week low | $12.75 |
| Average volume | 20.25M |

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## Recent news

- [D-Wave Quantum Finalizes Definitive Agreement with U.S. Department of Commerce for up to $100 Million to Accelerate U.S. Leadership in Quantum Computing](/news/389407/d-wave-quantum-finalizes-definitive-agreement-with-us-department-of-commerce-for-up-to-100-million-to-accelerate-us-leadership-in-quantum-computing) — Sep 8, 2026
- [D Wave Quantum (QBTS) Stock Trades At A Premium As Its 17x Three Year Run Continues](https://finance.yahoo.com/markets/stocks/articles/d-wave-quantum-qbts-stock-061209583.html) — Sep 5, 2026
- [Here's How D-Wave Quantum's Commercial Momentum Is Gaining Strength](https://finance.yahoo.com/technology/articles/heres-d-wave-quantums-commercial-114900068.html) — Sep 4, 2026
- [Why Did D-Wave Quantum (QBTS) Move Today?](https://finance.yahoo.com/markets/stocks/articles/why-did-d-wave-quantum-081832511.html) — Sep 4, 2026
- [Could D-Wave Quantum’s (QBTS) CFO Shift Quietly Reframe Its Strategic and Financial Story?](https://finance.yahoo.com/markets/stocks/articles/could-d-wave-quantum-qbts-070731623.html) — Sep 4, 2026
- [QUBT Bets on Scale as Rising Costs Weigh on Profitability](https://www.zacks.com/stock/news/2984217/qubt-bets-on-scale-as-rising-costs-weigh-on-profitability?cid=CS-ZC-FT-analyst_blog|quick_take-2984217) — Sep 3, 2026
- [NVIDIA & 4 Stocks Beyond Pure Plays to Gain From Quantum Boom in 2026](https://finance.yahoo.com/markets/stocks/articles/nvidia-4-stocks-beyond-pure-190000450.html) — Sep 2, 2026
- [Quantum Pure Plays Slump as Storage Names Lead the Thematic Basket](https://www.chartmill.com/news/QMCO/Chartmill-54277-Quantum-Pure-Plays-Slump-as-Storage-Names-Lead-the-Thematic-Basket) — Sep 2, 2026
- [Will the Most Successful Quantum Firms Be Software Companies?](https://www.marketbeat.com/articles/will-the-most-successful-quantum-firms-be-software-companies/?utm_source=yahoofinance&utm_medium=yahoofinance) — Sep 2, 2026
- [Rigetti Expands Quantum Footprint as 1,000-Qubit Roadmap Advances](https://finance.yahoo.com/technology/ai/articles/rigetti-expands-quantum-footprint-1-145900711.html) — Sep 1, 2026

## Frequently asked questions

### What is the current market sentiment for QBTS?

As of Sep 8, 2026, D-Wave Quantum Inc. Common Stock (QBTS) carries negative (-14 on a −100 to +100 scale) composite sentiment. The score fuses recent news tone, analyst recommendations, technical posture, insider and congressional activity, and market attention into a single figure. The full breakdown of each component is in the report.

### How has QBTS stock been performing?

D-Wave Quantum Inc. Common Stock last closed at $16.58, near the bottom of its 52-week range of $12.75–$46.75.

### What is QBTS's market cap and valuation?

D-Wave Quantum Inc. Common Stock has a market capitalization of about $6.18B.

### What sector is QBTS in, and who are its competitors?

D-Wave Quantum Inc. Common Stock operates in the Technology sector, specifically Computer Hardware. Comparable companies include DBX, YOU, CIFR, PEGA, RNG.

### Where can I find a full analysis of QBTS?

The full QBTS report covers the bull and bear cases, technical signals with entry, stop and target levels, complete financial statements, earnings history, insider and congressional trades, and the conditions that would invalidate the thesis. It requires a free account.

## Important information

This page is generated from public market and company information. Data can be delayed, incomplete, or wrong. It is research and analysis, not financial advice.

- [Methodology](https://synoptiv.com/methodology)
- [Disclosures](https://synoptiv.com/disclosures)
- [Full report](https://synoptiv.com/stock/QBTS/v/1) (account and access required)