D-Wave Quantum Inc. (QBTS)
D-Wave Quantum is a pioneer in the world of quantum computing, building powerful machines designed to solve complex problems that traditional computers struggle with.
Is D-Wave Quantum Inc. a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: Leading position in a highly innovative, futuristic industry. Worth weighing: Currently not making a profit.
Is this normal for this company?
Each figure against the range this same company has produced recently. Neither end of a range is the good end.
Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.
How these ranges are built
Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.
What does D-Wave Quantum Inc. do?
D-Wave creates quantum computers that use the laws of physics to process information in ways standard computers cannot, aiming to help businesses solve massive logistical or scientific puzzles. Income arrives from renting out access to these systems through the cloud and offering professional services that help clients build quantum-ready applications. The real question is whether they can turn their cutting-edge research into a steady, profitable business as the technology matures.
On our factor screen it looks strongest on value and quality, and weakest on growth.
- !Pays no dividend - the whole return rides on the share price
- ✓Low debt - a sturdier balance sheet
- —
- Growth screens low
- Momentum screens low
- Income screens low
Does D-Wave Quantum Inc. pay a dividend?
No - D-Wave Quantum Inc. doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.
Does D-Wave Quantum Inc. have more cash or more debt?
It holds about $546.21M in cash against about $48.11M of debt - so it has net cash of about $498.11M. More cash than debt is a cushion: it does not need to borrow just to cover what it owes.
From the latest reported balance sheet. Cash and debt levels change, and some borrowing is normal - this is context, not a judgment.
What do D-Wave Quantum Inc.'s numbers mean?
How has it performed?
Growth of £1,000, the worst fall, and year by year
How much has D-Wave Quantum Inc. actually fallen?
Over the last 2 years of daily prices, D-Wave Quantum Inc. fell as much as −71% from a high to a later low. Falls like this are normal when you own a share.
Past falls are not a forecast - it can fall further, or recover.
How has it done year by year?
Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.
A closer look at the numbers
Ownership, earnings history, where the money goes, and the outlook range
Does the share price tell you if it's cheap or expensive?
Who owns D-Wave Quantum Inc.?
About 50% of D-Wave Quantum Inc., or about 50 in every 100 shares, is held by big institutions such as pension and index funds, and company insiders hold about 2%. The rest, roughly 47%, is held by the public and smaller investors.
What this does and doesn't tell you
This is a recent snapshot of the share register, and it moves. We don't read anything into who owns what - a high institutional share is common for any large listed company and is not a signal about it.
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
How much money does D-Wave Quantum Inc. make?
Revenue and profit by quarter, and how much of each sale turns into profit.
When does D-Wave Quantum Inc. report earnings, and how did recent quarters go?
D-Wave Quantum Inc. is next scheduled to report on about 2026-11-05 - dates can move, and we don't predict results; this just tells you when to look.
‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-08-06 | $-0.09 | $-0.13 | Missed -42% |
| 2026-05-12 | $-0.08 | $-0.04 | Beat +46% |
| 2026-02-26 | $-0.06 | $-0.09 | Missed -46% |
| 2025-11-06 | $-0.07 | $-0.05 | Beat +25% |
| 2025-08-07 | $-0.05 | $-0.08 | Missed -47% |
| 2025-05-08 | $-0.04 | $-0.03 | Beat +17% |
Across the last 6 quarters here, D-Wave Quantum Inc. came in ahead of what analysts expected 3 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Where these figures come from
Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.
What are the scenarios for D-Wave Quantum Inc.?
An illustrative range for the year ahead — not a prediction or a price target.
What are the pros, cons and common questions?
The case each way, and the questions people ask
Quantum computing becomes a standard tool for major industries
The technology fails to prove more useful than traditional supercomputers
What are the pros and cons of D-Wave Quantum Inc.?
A balance check, not a score or verdict.
- Leading position in a highly innovative, futuristic industry
- Strong gross margins suggest the core technology has value
- Potential to solve problems that are currently impossible for standard computers
- Currently not making a profit
- Very high valuation relative to current sales
- Recent revenue figures have been volatile and declining
- The technology may take much longer than expected to become commercially viable
- High share price volatility could lead to significant swings in value
- Intense competition from well-funded global technology companies
The write-up's own warning lights — if these start happening, the case above changes.
- Consistent, multi-year growth in revenue
- Evidence of the company reaching a break-even point in their finances
Common questions about D-Wave Quantum Inc.
Does D-Wave Quantum Inc. pay a dividend?
No - D-Wave Quantum Inc. does not currently pay a dividend, so the return would rest on the share price. Many growing companies reinvest profits instead of paying them out.
When does D-Wave Quantum Inc. report earnings next?
D-Wave Quantum Inc. is next scheduled to report results on about 2026-11-05. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.
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discoverIE Group plcBuilt from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →
This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.