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UPDATED: Nov 10, 2025

Stock Analysis

QBTS Logo
$29.50
$1.11 |3.91%
Day Range:
$26.42 - $29.72
Market Cap:
10.31B
P/E Ratio:
0.0000
Avg Value:
$24.08
Year Range:
$1.42 - $46.75
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General Information
D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers.

It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.

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D-Wave Quantum (QBTS) Stock Graph
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How We Grade D-Wave Quantum (QBTS)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade D-Wave Quantum (QBTS) across the board compared to its closest peers.

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Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how D-Wave Quantum compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
MANHManhattan Associates
5.34
73.36
63.35
14.86
PEGAPegasystems
14.28
0
95.71
80.95
IDCCInterDigital
16.48
91.83
86.17
93.75
SAILSailPoint
0
0
0
0
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Future Growth
Our estimate of future price growth is based on an aggregation of 4 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $33.00 - $41.00 with an average of $38.50

27.69%
Expected movement for D-Wave Quantum (QBTS) over the next 12 months
Based on these rankings

Recent Ratings for D-Wave Quantum (QBTS)

Canaccord Genuity
Date:
Nov 7, 2025
Action:
Maintains
Prev. Target:
$20.00
New Target:
$41.00
Cantor Fitzgerald
Date:
Nov 7, 2025
Action:
Maintains
Prev. Target:
$20.00
New Target:
$40.00
Rosenblatt
Date:
Nov 7, 2025
Action:
Maintains
Prev. Target:
$30.00
New Target:
$40.00
B. Riley Securities
Date:
Sep 22, 2025
Action:
Maintains
Prev. Target:
$22.00
New Target:
$33.00
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Financial Health
What is the current state of the company's financial situation?

We measure the health of a company based on how profitable they are and their ability to cover both their short-term and long-term debts. The key indicators that we use are the Operating Margin, Quick Ratio, and Debt-to-Equity ratio relative to the companies peers

Operational Margin -7.4180

The operating margin measures how much profit a company makes after it spends money on wages, materials or other administrative expenses but before interest and taxes. It is a good representation of how efficiently a company is able to generate profit from its core operations.

Quick Ratio 54.1938

The quick ratio measures how much of a company's debt, that is due in less than 1 year, can be covered using its cash equivalents, marketable securities, and money that is currently owed to them (accounts receivables).

A company with a quick ratio of less than 1.00 does not, in many cases, have the capital on hand to meet its short-term obligations if they were all due at once, while a quick ratio greater than one indicates the company has the financial resources to remain solvent in the short term.

Debt-to-Equity 0.2912

Debt-to-equity is calculated by dividing a company's total liabilities by its shareholders equity. It is a measure of the degree to which a company is financing its operations through debt versus wholly owned funds. Generally speaking, a D/E ratio below 1.0 would be seen as relatively safe, whereas ratios of 2.0 or higher would be considered risky.

The chart above shows D-Wave Quantum (QBTS) operating margin, quick ratio, and debt-to-equity ratio compared to its peers. The black markers represent the peer averages for each ratio and the blue bars represent D-Wave Quantum (QBTS) ratio values.
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Past Performance
How has D-Wave Quantum (QBTS) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

D-Wave Quantum (QBTS) sharpe ratio over the past 5 years is 0.2468 which is considered to be below average compared to the peer average of 0.3175

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Analyzing D-Wave Quantum (QBTS) Recent Options Activity
Below, you can see the trend in options sentiment over the past 30 days.

Based on our data, QBTS's options trades have recently carried more negative sentiment than positive.