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QBTS · NASDAQ

D-Wave Quantum (QBTS) Stock Price & Fundamentals

$606.67−0.45%−$2.74End-of-day price as of Oct 9, 2026

D-Wave Quantum (QBTS) closed at $606.67 on Oct 9, 2026, down 0.45% from the previous close of $609.41.

Share price, past year

1Y +32.08%

52-week range $459.31 – $641.35. Daily closing prices.
Monthly closing prices
Last closing price of each month
DateClose
Oct 9, 2026$606.67
Sep 30, 2026$620.53
Aug 31, 2026$632.61
Jul 31, 2026$621.74
Jun 30, 2026$601.86
May 29, 2026$584.68
Apr 30, 2026$563.53
Mar 31, 2026$526.44
Feb 27, 2026$515.27
Jan 30, 2026$497.43
Dec 31, 2025$470.92
Nov 28, 2025$492.24
Oct 31, 2025$480.44

Key statistics

Market cap
$225.69B
P/E (TTM)
—
EPS (TTM)
−$0.72
Revenue (TTM)
$12.43M
Net income (TTM)
−$248.70M
Shares outstanding
372M
Dividend yield
—
52-week range
$459.31 – $641.35

D-Wave Quantum's market cap is $225.69B, based on a share price of $606.67 and 372M shares outstanding as of Jun 30, 2026.

Financials

D-Wave Quantum reported revenue of $24.59M for fiscal 2025, up 178.54% from fiscal 2024.

D-Wave Quantum reported a net loss of $355.06M in fiscal 2025.

Fiscal 2025 revenue was the highest in the 6 years shown.

Annual revenue

FY20FY21FY22FY23FY24FY25
Annual revenue by fiscal year; the table below lists the values.
D-Wave Quantum annual financials by fiscal year, from SEC filings
Fiscal yearRevenueGrowthNet incomeNet marginEPS (diluted)Free cash flow
FY2025ended Dec 31, 2025$24.59M+178.5%−$355.06M−1,444.1%−$1.11−$75.84M
FY2024ended Dec 31, 2024$8.83M+0.8%−$143.88M−1,630.0%−$0.75−$44.75M
FY2023ended Dec 31, 2023$8.76M+22.1%−$82.72M−944.5%−$0.60−$61.23M
FY2022ended Dec 31, 2022$7.17M+14.2%−$53.70M−748.7%−$0.45−$45.65M
FY2021ended Dec 31, 2021$6.28M+21.7%−$40.97M−652.5%−$0.33−$36.57M
FY2020ended Dec 31, 2020$5.16M—−$21.97M−425.7%−$0.17−$30.02M
D-Wave Quantum quarterly results
QuarterRevenueNet incomeEPS (diluted)
Q2 FY2026ended Jun 30, 2026$3.08M−$48.03M−$0.13
Q1 FY2026ended Mar 31, 2026$2.86M−$18.36M−$0.05
Q4 FY2025ended Dec 31, 2025$2.75M−$42.33M−$0.13
Q3 FY2025ended Sep 30, 2025$3.74M−$139.99M−$0.41
Q2 FY2025ended Jun 30, 2025$3.10M−$167.33M−$0.55
Q1 FY2025ended Mar 31, 2025$15.00M−$5.42M−$0.02
Q4 FY2024ended Dec 31, 2024$2.31M−$86.08M−$0.43
Q3 FY2024ended Sep 30, 2024$1.87M−$22.71M−$0.11

Company profile

Name
D-Wave Quantum Inc.
Ticker
QBTS
Exchange
NASDAQ
Industry (SEC SIC)
Services-Computer Processing & Data Preparation
Headquarters
2650 East Bayshore Road, Palo Alto, CA 94303
Incorporated in
DE
Fiscal year ends
December
SEC CIK
0001907982

Recent SEC filings

Frequently asked questions

What is D-Wave Quantum's stock price?

D-Wave Quantum (QBTS) closed at $606.67 on Oct 9, 2026, down 0.45% from the previous close of $609.41.

What is D-Wave Quantum's market cap?

D-Wave Quantum's market cap is $225.69B, based on a share price of $606.67 and 372M shares outstanding as of Jun 30, 2026.

How much revenue does D-Wave Quantum make?

D-Wave Quantum reported revenue of $24.59M for fiscal 2025, up 178.54% from fiscal 2024.

Does D-Wave Quantum pay a dividend?

D-Wave Quantum's recent filings report no dividends declared over the last four quarters.

Sources and methodology

Fundamentals come from D-Wave Quantum Inc.'s filings with the SEC (EDGAR XBRL company facts). Fourth-quarter figures that companies don't report separately are calculated as the fiscal year minus the first three quarters. Trailing twelve-month (TTM) figures sum the latest four quarters. Prices are generated sample data for development. Last updated Oct 9, 2026. Data sources and disclosures