D-Wave Quantum Inc
Research D-Wave Quantum Inc (QBTS) on Bullrun: market cap USD 5.11B. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerQBTS
- ExchangeNYSE
- CountryUnited States
- SectorTechnology
- IndustryComputer Hardware
- CurrencyUSD
- Market capUSD 5.11B
- Financial periodQ2 2026
- RevenueUSD 3.08M
- Net income-USD 48.03M
- Free cash flow-USD 33.14M
- Gross margin55.4%
Valuation Snapshot
latest market cap is USD 5.11B.
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 24.59M | -USD 355.06M | -USD 75.84M | 82.6% | -1.11 | USD 635.35M | USD 35.83M | USD 852.23M |
| FY2024 | USD 8.83M | -USD 143.88M | -USD 44.75M | 63.0% | -0.75 | USD 177.98M | USD 30.13M | USD 62.65M |
| FY2023 | USD 8.76M | -USD 82.72M | -USD 61.23M | 52.8% | -0.6 | USD 41.31M | USD 63.85M | -USD 24.48M |
| FY2022 | USD 7.17M | -USD 53.70M | -USD 45.65M | 59.2% | -0.45 | USD 7.07M | USD 33.03M | -USD 29.46M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 5.11B | n/a | n/a | n/a |
| 2025 | 2025-12-31 | USD 9.38B | n/a | n/a | n/a |
| 2024 | 2024-12-31 | USD 2.24B | n/a | n/a | n/a |
| 2023 | 2023-12-29 | USD 140.74M | n/a | n/a | n/a |
| 2022 | 2022-12-30 | USD 160.57M | n/a | n/a | n/a |
About D-Wave Quantum Inc
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;
ETFs that hold D-Wave Quantum Inc
D-Wave Quantum Inc is one of the ten largest holdings of 5 ETFs that investors in Europe can buy, most traded first:
| ETF | Weight | TER |
|---|---|---|
| VanEck Quantum Computing UCITS ETF A USD Acc | 7.59% | 0.55% |
| WisdomTree Quantum Computing UCITS ETF - USD Acc | 5.12% | 0.50% |
| HAN-GINS Tech Megatrend Equal | 1.08% | 0.59% |
| iShares Quantum Computing UCITS ETF USD (Acc) | 7.76% | 0.50% |
| Boreas Solactive Quantum Computing UCITS ETF USD Acc | 7.48% | 0.49% |
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Frequently asked questions
What is D-Wave Quantum Inc's market cap?
D-Wave Quantum Inc's market capitalization is USD 5.11B.
What does D-Wave Quantum Inc do?
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.