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. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.
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. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.
Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.
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.
Quantum computing becomes a standard tool for major industries
The technology fails to prove more useful than traditional supercomputers
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
- !Revenue slipped about 81% over the year
- !Thin profits - turns only about 0% of sales into profit
- ✓Low debt - a sturdier balance sheet
- 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
- Growth screens low (0/100)
- Momentum screens low (14/100)
- Income screens low (16/100)
- The technology may take much longer than expected to become commercially viable
- High share price volatility could lead to significant swings in value
What do D-Wave Quantum Inc.'s numbers mean?
How much money does D-Wave Quantum Inc. make?
Revenue and profit by quarter, and how much of each sale turns into profit.
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.
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 2026-08-06 - dates can move, and we don't predict results; this just tells you when to look.
Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.
| 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 |
|---|---|---|---|
| 2026-05-12 | $-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% |
| 2025-03-13 | $-0.06 | $-0.08 | Missed -25% |
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 →
Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.
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Hewlett Packard EnterpriseWhat are the scenarios for D-Wave Quantum Inc.?
An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.
What are the pros and cons of D-Wave Quantum Inc.?
How many points the write-up makes each way — 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
Built 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.