D-Wave Quantum Inc. (QBTS)Technology | Computer Hardware | Palo Alto, United States | NYSE
20.83 USD
-0.83
(-3.819%) ⇩
(April 21, 2026, 2:59 p.m.
EDT)
Short-term: ★★★★☆ | Long-term: ★☆☆☆☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 19, 2026, 6:33 p.m. EDT
QBTS is in a high-sentiment, low-fundamental rally driven by sector-wide quantum computing hype and near-term earnings leverage, but the valuation metrics (negative P/E, massive P/S) and deteriorating technical structure make it a hazardous long-term hold despite the speculative near-term upside. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.331623 |
| MSTL | 0.342564 |
| AutoARIMA | 0.493395 |
| AutoTheta | 0.503404 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 49% |
| H-stat | 4.67 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.581 |
| Excess Kurtosis | -0.63 |
| Attribute | Value |
|---|---|
| Sector | Technology |
| Debt to Equity Ratio | 5.099 |
| Revenue per Share | 0.077 |
| Market Cap | 7,706,227,200 |
| Forward P/E | -56.42 |
| Beta | 1.77 |
| Previous Name | DPCM Capital, Inc. |
| Website | https://www.dwavequantum.com |
As of April 19, 2026, 6:33 p.m. EDT: Options flow is heavily skewed bullish in volume but capped by significant open interest (OI) walls at lower strikes (approx. 16-22 for calls, 17-22 for puts) across multiple expirations. While ATM and OTM calls show strong volume spikes at 23.0 and 30.0 strikes for the nearest month, put writers are aggressively hedging at the 19.0/17.0 levels below current price, indicating a realized price floor around 14-16. The high Ljung-Box p-value and low autocorrelation in forecasting models suggest unpredictable returns in the immediate 45-day window, despite the bullish sentiment. IV remains basic around 1.0-1.2, suggesting a lack of panic among writers though deep OTM calls have inflated implied volatility.
| Attribute | Value |
|---|---|
| 52 Week Change | 2.4656 |
| Address1 | 2,650 East Bayshore Road |
| All Time High | 46.75 |
| All Time Low | 0.396 |
| Ask | 20.72 |
| Ask Size | 1,600 |
| Audit Risk | 9 |
| Average Analyst Rating | 1.2 - Strong Buy |
| Average Daily Volume10 Day | 40,379,840 |
| Average Daily Volume3 Month | 27,856,939 |
| Average Volume | 27,856,939 |
| Average Volume10Days | 40,379,840 |
| Beta | 1.773 |
| Bid | 20.7 |
| Bid Size | 500 |
| Board Risk | 5 |
| Book Value | 2.376 |
| City | Palo Alto |
| Compensation As Of Epoch Date | 1,735,603,200 |
| Compensation Risk | 9 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 20.8325 |
| Current Ratio | 42.379 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,774,915,200 |
| Day High | 21.85 |
| Day Low | 20.32 |
| Debt To Equity | 5.099 |
| Display Name | D-Wave Quantum |
| Earnings Call Timestamp End | 1,772,110,800 |
| Earnings Call Timestamp Start | 1,772,110,800 |
| Earnings Timestamp | 1,772,112,600 |
| Earnings Timestamp End | 1,778,157,000 |
| Earnings Timestamp Start | 1,778,157,000 |
| Ebitda | -98,805,000 |
| Ebitda Margins | 0.0 |
| Enterprise To Ebitda | -72.58 |
| Enterprise To Revenue | 291.671 |
| Enterprise Value | 7,171,306,496 |
| Eps Current Year | -0.32846 |
| Eps Forward | -0.36923 |
| Eps Trailing Twelve Months | -1.11 |
| Esg Populated | 0 |
| Exchange | NYQ |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 17.5972 |
| Fifty Day Average Change | 3.2353 |
| Fifty Day Average Change Percent | 0.18385312 |
| Fifty Two Week Change Percent | 246.56 |
| Fifty Two Week High | 46.75 |
| Fifty Two Week High Change | -25.9175 |
| Fifty Two Week High Change Percent | -0.554385 |
| Fifty Two Week Low | 6.17 |
| Fifty Two Week Low Change | 14.6625 |
| Fifty Two Week Low Change Percent | 2.376418 |
| Fifty Two Week Range | 6.17 - 46.75 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,607,697,000,000 |
| Float Shares | 360,003,709 |
| Forward Eps | -0.36923 |
| Forward P E | -56.421474 |
| Free Cashflow | -57,992,124 |
| Full Exchange Name | NYSE |
| Full Time Employees | 382 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,775,001,600 |
| Gross Margins | 0.82588 |
| Gross Profits | 20,306,000 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.01154 |
| Held Percent Institutions | 0.45948002 |
| Implied Shares Outstanding | 369,913,697 |
| Industry | Computer Hardware |
| Industry Disp | Computer Hardware |
| Industry Key | computer-hardware |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,767,139,200 |
| Long Business Summary | D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company's server. The company also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California. |
| Long Name | D-Wave Quantum Inc. |
| Market | us_market |
| Market Cap | 7,706,227,200 |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_763109 |
| Most Recent Quarter | 1,767,139,200 |
| Name Change Date | 2,026-04-20 |
| Net Income To Common | -355,062,016 |
| Next Fiscal Year End | 1,798,675,200 |
| Non Diluted Market Cap | 8,012,330,676 |
| Number Of Analyst Opinions | 14 |
| Open | 21.825 |
| Operating Cashflow | -71,982,000 |
| Operating Margins | -12.65952 |
| Overall Risk | 8 |
| Payout Ratio | 0.0 |
| Phone | 604 285 2881 |
| Prev Name | DPCM Capital, Inc. |
| Previous Close | 21.66 |
| Price Eps Current Year | -63.42477 |
| Price Hint | 2 |
| Price To Book | 8.767888 |
| Price To Sales Trailing12 Months | 313.4269 |
| Profit Margins | 0.0 |
| Quick Ratio | 42.045 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | EQUITY |
| Recommendation Key | strong_buy |
| Recommendation Mean | 1.21429 |
| Region | US |
| Regular Market Change | -0.8274994 |
| Regular Market Change Percent | -3.819081 |
| Regular Market Day High | 21.85 |
| Regular Market Day Low | 20.32 |
| Regular Market Day Range | 20.32 - 21.85 |
| Regular Market Open | 21.825 |
| Regular Market Previous Close | 21.66 |
| Regular Market Price | 20.8325 |
| Regular Market Time | 1,776,797,981 |
| Regular Market Volume | 27,925,303 |
| Return On Assets | -0.112449996 |
| Return On Equity | -0.77620006 |
| Revenue Growth | 0.192 |
| Revenue Per Share | 0.077 |
| Sand P52 Week Change | 0.34445214 |
| Sector | Technology |
| Sector Disp | Technology |
| Sector Key | technology |
| Share Holder Rights Risk | 8 |
| Shares Outstanding | 366,737,601 |
| Shares Percent Shares Out | 0.15890001 |
| Shares Short | 58,774,394 |
| Shares Short Previous Month Date | 1,772,150,400 |
| Shares Short Prior Month | 53,709,277 |
| Short Name | D-Wave Quantum Inc. |
| Short Percent Of Float | 0.16409999 |
| Short Ratio | 2.68 |
| Source Interval | 15 |
| State | CA |
| Symbol | QBTS |
| Target High Price | 45.0 |
| Target Low Price | 19.58 |
| Target Mean Price | 36.75571 |
| Target Median Price | 38.0 |
| Total Cash | 884,481,024 |
| Total Cash Per Share | 2.391 |
| Total Debt | 43,457,000 |
| Total Revenue | 24,587,000 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | -1.11 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 22.5291 |
| Two Hundred Day Average Change | -1.6966 |
| Two Hundred Day Average Change Percent | -0.07530704 |
| Type Disp | Equity |
| Volume | 27,925,303 |
| Website | https://www.dwavequantum.com |
| Zip | 94,303 |