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QBTS.NYSE
D-Wave Quantum
Information Technology · Electronic Equipment & Instruments

Quantum computing company commercializing annealing and gate-model quantum systems, software, and enterprise quantum applications.

HQ: United StatesListed: United States

Profile & Fundamentals

D-Wave Quantum: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.

Profile & Fundamentals

D-Wave Quantum Profile & Fundamentals

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

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Company and Market Context

Company Profile & Ownership

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.

QBTS.NYSE

Company profile record

D-Wave Quantum Inc. Common Stock

Common Stock · Information Technology · Electronic Equipment & Instruments

Official website

Company

Company / asset
D-Wave Quantum Inc. Common Stock
Security type
Common Stock
Sector
Information Technology
Industry
Electronic Equipment & Instruments
HQ
🇺🇸 United States
Head office
2650 East Bayshore Road, Palo Alto, CA, United States, 94303

Leadership & scale

Chief executive
Dr. Alan E. Baratz Ph.D.
CEO year born
1955
Full-time employees
382
Fiscal year end
December
IPO date
2022-08-08

Fundamentals snapshot

Updated 2026-09-14
Market Cap
USD 6.3B
P/E
--
Revenue (Q2 26)
USD 3.1M
Profit (Q2 26)
USD -48.0M
Dividend Yield
--
Revenue (FY 25)
USD 24.6M
Shares in public float
362.2M
Insider ownership
2.11%

Reporting & identifiers

Symbol
QBTS.NYSE
Listing
🇺🇸 United States | Dividend Tax: 30%
Ticker Currency
USD
Income Statement Currency
USD
Balance Sheet Currency
USD
Cash Flow Currency
USD
EPS Currency
USD
Contract Type
SPOT
ISIN
US26740W1099
Asset ID
equity_b5c5eb1f-d267-5874-a111-06456edf268a

Ownership

Shares Outstanding

Shares OutstandingAnnual reported shares outstanding. Values in shares.87.59M164.84M242.09M319.34M396.59MJan 2020Jul 2021Jan 2023Jul 2024Jan 2026
  • Shares outstanding
Annual reported shares outstanding. Values in shares.

Top holders

  1. BlackRock Inc30,153,928 shares · 8.41% · Reported 2026-03-31
  2. Vanguard Portfolio Management, LLC20,793,131 shares · 5.80% · Reported 2026-03-31
  3. Vanguard Capital Management, LLC15,851,525 shares · 4.42% · Reported 2026-03-31
  4. Vanguard MStar Total Stk Mkt Idx Invest11,108,638 shares · 3.10% · Reported 2026-07-31
  5. UBS Group AG9,869,575 shares · 2.75% · Reported 2026-03-31
  6. iShares Russell 2000 ETF9,419,432 shares · 2.63% · Reported 2026-08-31
  7. Geode Capital Management, LLC9,039,744 shares · 2.52% · Reported 2026-03-31
View more holders (8)
  1. State Street Corp8,470,803 shares · 2.36% · Reported 2026-03-31
  2. Vanguard Small Cap Index8,010,113 shares · 2.23% · Reported 2026-07-31
  3. Clear Street Group Inc5,708,970 shares · 1.59% · Reported 2026-03-31
  4. Vanguard Information Technology ETF5,431,735 shares · 1.51% · Reported 2026-07-31
  5. Vanguard MStar Small Cap Growth Indx Inv4,637,092 shares · 1.29% · Reported 2026-07-31
  6. NORGES BANK4,477,459 shares · 1.25% · Reported 2026-06-30
  7. The Goldman Sachs Group Inc4,277,322 shares · 1.19% · Reported 2026-03-31
  8. Vanguard Institutional Extnd Mkt Idx Tr4,225,328 shares · 1.18% · Reported 2026-07-31

Earnings, Profitability & Valuation

Earnings & Revenue

Revenue, Net Income, and Free Cash Flow

Revenue, Net Income, and Free Cash FlowAnnual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.-393.03M-279.13M-165.24M-51.34M62.55MDec 2020Apr 2022Jul 2023Sep 2024Dec 2025
  • Revenue
  • Free cash flow
  • Net income
Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

The published data is insufficient to draw this chart.

Profitability & Margins

Profitability Margins

Profitability MarginsAnnual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.-1.8K-1.29K-773.7-259.93253.85Dec 2020Apr 2022Jul 2023Sep 2024Dec 2025
  • Gross margin
  • Operating margin
  • Net margin
  • Free cash flow margin
Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

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