Stock UniverseDerived research view · source repositories remain read-only

D-Wave Quantum Inc. (QBTS)

Systems / Storage / Edge Hardware · Technology / Computer Hardware
Score Band
Qualified
Selection Score
36.39
Global Rank
1012
Market Cap
6.95B
Latest Close
23.85
RS Composite
-0.28% · G#1383

Price Movement

3Y daily adjusted close
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Adjusted close SMA60D
1M
0.08%
3M
28.29%
6M
-4.90%
1Y
33.84%
3Y
1792.86%
5Y
142.87%
10Y
134.98%

Volume

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Volume Volume MA20D

Latest volume: 33.99M · 30-day average: 38.02M · Max drawdown over stored range: -96.67%

Research Snapshot

Relative Strength vs SPX

RS Composite-0.28%
20D RS7.82%
60D RS17.15%
120D RS-21.76%
Global RS Rank1383 · 58.78% percentile
Qualified+ RS Rank494 · 60.73% percentile
Group ScopeQualified+
Primary RS Rank17 · 39.29% percentile
Snapshot Date2026-06-05

RS uses adjusted close where available. Global RS Rank is recalculated from the current non-low pool. Group RS Rank is recalculated inside the company’s own actionable band group.

Research Links

StockAnalysis
Yahoo Finance
Perplexity Finance
Finviz
Seeking Alpha
WhaleWisdom
FinanceCharts
SEC EDGAR Search
SEC Company Search

Official company website and investor-relations URLs are not inferred unless a reliable dynamic source is added.

Classification

Primary Rank13 / 57
Primary Percentile78.95
Score Notesmarket-cap support, industry-tailwind

Gemini Deep Research

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Manual Estimates

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Forward Valuation

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SEC TTM Fundamentals

PeriodFiledRevenueGross ProfitOperating IncomeNet IncomeEPS DilutedOperating Cash FlowCapital ExpenditureFree Cash FlowShares DilutedGross MarginOperating MarginNet MarginOCF MarginFCF MarginCash + ST Inv.Total Debt
TTM through 2025-12-312026-02-2624.59M20.31M-100.37M-355.06M-1.11-125.83M5.49M-131.31M321M82.59%-4.08%-14.44%-5.12%-5.34%884.48M35.83M

SEC TTM. Read-only SEC TTM snapshot. Shares Diluted is the rolling average across the four-quarter window.

TTM Valuation

PeriodEPS DilutedP/ERevenue / ShareP/SFCF / ShareP/FCF MultipleOCF / ShareP/CF Multiple
TTM through 2025-12-31$-1.11-21.6x$0.08311.4x$-0.41-58.3x$-0.39-60.9x

Shares Diluted: 321M. SEC TTM. Read-only SEC TTM snapshot. Shares Diluted is the rolling average across the four-quarter window.

Financial Statement Metrics

MetricFY 2020FY 2021FY 2022FY 2023FY 2024FY 2025
Revenue5.166.2797.1738.7588.82724.587
Revenue Growth (YoY)3800%21.686%14.238%22.097%0.788%178.543%
Gross Profit4.2454.5294.254.6225.56320.306
Operating Income-31.467-38.948-59.458-80.546-77.223-100.368
Free Cash Flow-30.023-36.574-45.649-61.232-44.749-75.844
Free Cash Flow Per Share38-11.549-0.382-0.444-0.233-0.236
EPS (Diluted) GAAP38-9.96069-0.448834-0.599411-0.748866-1.105416
EPS Growth
EPS Non-GAAP
Gross Margin82.267%72.129%59.25%52.775%63.023%82.588%
Operating Margin-609.826%-620.29%-828.914%-919.685%-874.85%-408.216%
Profit Margin-194.167%-502.389%-748.669%-944.451%-1629.988%-1444.105%
Free Cash Flow Margin-581.841%-582.481%-636.4%-699.155%-506.956%-308.472%
Shares Outstanding (Diluted)03.1669119.6478137.9937192.129321.202
Shares Change (YoY)3800%3800%3678.014%15.333%39.23%67.18%

SEC Quarterly Fundamentals

Revenue + Operating Margin
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Revenue Operating Margin
Quarter Filed Revenue Gross Margin Operating Income Op Margin Net Income Net Margin EPS Diluted Shares Diluted Cash + ST Inv. Total Debt Confidence
2025 Q42026-02-262.75M64.83%-34.84M-12.66%-42.33M-15.38%-0.12353.28M884.48M35.83Mprocessed
2025 Q32025-11-063.74M71.38%-27.74M-7.42%-139.99M-37.44%-0.41342.20M836.23M32.05Mprocessed
2025 Q22025-08-073.10M63.84%-26.50M-8.56%-167.33M-54.06%-0.55302.29M819.31M32.06Mprocessed
2025 Q12025-05-0815.00M92.51%-11.29M-75.27%-5.42M-36.14%-0.02286.42M304.32M30.37Mprocessed
2024 Q42025-03-142.31M63.79%-20.23M-8.76%-86.08M-37.28%-0.37233.30M177.98M30.13Mprocessed
2024 Q32024-11-141.87M55.78%-20.64M-11.04%-22.71M-12.15%-0.11201.59M29.27M32.01Mprocessed
2024 Q22024-08-082.18M63.58%-18.84M-8.63%-17.78M-8.14%-0.10172.14M40.86M31.45Mprocessed
2024 Q12024-05-132.46M67.30%-17.52M-7.11%-17.31M-7.02%-0.11161.31M27.30M63.04Mprocessed
2023 Q42024-03-292.91M67.69%-16.54M-5.69%-16.38M-5.64%-0.10157.85M7.07M63.85Mprocessed
2023 Q32023-11-092.56M59.68%-18.41M-7.18%-15.83M-6.18%-0.12133.22M53.32M9.11Mprocessed
2023 Q22023-08-101.71M41.30%-20.91M-12.25%-25.90M-15.17%-0.20127.34M7.51M8.47Mprocessed
2023 Q12023-05-191.58M26.60%-24.69M-15.60%-24.61M-15.55%-0.20123.14M8.99M8.26Mprocessed
2022 Q42023-04-182.40M52.19%-21.56M-9.00%-13.66M-5.70%-0.12111.58M9.48M7.81Mprocessed
2022 Q32022-11-101.70M64.07%-15.27M-9.01%-13.05M-7.70%-0.11116.26M13.76M12.91Mprocessed
2022 Q22022-08-261.37M57.26%-11.98M-8.74%-13.20M-9.63%-0.12112.02M10.47M12.90Mprocessed

SEC processed quarterly CSV. Compact derived quarterly view from SEC processed CSV. Source files remain read-only in the SEC repository. EPS is as filed and may not be split-adjusted across older periods. StockAnalysis Financial Statement Metrics remain unchanged above.