D-Wave Quantum Inc. (QBTS)

New York Stock Exchange:
QBTS
| Latest update: Apr 15, 2026, 5:38 PM

Stock events for D-Wave Quantum, Inc. (QBTS)

D-Wave Quantum Inc. (QBTS) stock has been volatile. The share price increased by 96.41% over the year leading up to April 10, 2026, but declined by 23.2% in March 2026. The Q4 2025 earnings report showed revenue of $2.75 million and an EPS of -$0.09, contributing to commercialization concerns. Mizuho cut its price target for QBTS from $40 to $31 in early April 2026, while maintaining an "Outperform" rating. Insider sales in March 2026 also impacted investor sentiment. The stock saw a nearly 6% surge in early April 2026 due to a broader tech sector rally. Analysts have a consensus "Moderate Buy" rating for QBTS, with an average 12-month price target of $36.50 as of April 11, 2026.

Demand Seasonality affecting D-Wave Quantum, Inc.’s stock price

There is no specific information available regarding the demand seasonality for D-Wave Quantum Inc.'s products and services. The market for quantum computing is still emerging, driven by rising investments and increasing commercial use cases.

Overview of D-Wave Quantum, Inc.’s business

D-Wave Quantum Inc. is a quantum computing company offering quantum computing systems, software, and services. Its products include the Advantage and Advantage 2 quantum computers, Ocean open-source tools, and Leap quantum cloud service. The company also provides the Leap hybrid solver service and D-Wave Launch. D-Wave is the first commercial supplier of quantum computers and offers both annealing and gate-model quantum computing technologies.

QBTS’s Geographic footprint

D-Wave Quantum Inc. is headquartered in Palo Alto, California, with locations in Burnaby, British Columbia, Canada. It serves a global customer base across North America, Europe, and Asia. D-Wave announced the sale of an Advantage system to Forschungszentrum Jülich in Germany, expected in 2025. In February 2026, D-Wave announced it is relocating its headquarters to Boca Raton, Florida.

QBTS Corporate Image Assessment

D-Wave Quantum Inc. has maintained a reputation as a leader in quantum computing. In February 2026, D-Wave reported a 179% year-over-year revenue growth for 2025 and strong bookings. Key events include a $20 million agreement with Florida Atlantic University and a $10 million agreement with a Fortune 100 company. The acquisition of Quantum Circuits, Inc. for $550 million in January 2026 was also significant. These developments underscore the company's transition to large-scale commercial deals and its dual-platform strategy.

Ownership

D-Wave Quantum Inc. has a diverse ownership structure including institutional, retail, and individual investors. As of April 10, 2026, there are 524 institutional owners holding 169,645,268 shares. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and UBS Group AG. Insiders also own shares, but there have been recent insider selling activities in March 2026.

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Price Chart

$20.32

19.73%
(1 month)

Top Shareholders

The Vanguard Group, Inc.
10.65%
BlackRock, Inc.
8.13%
UBS Group AG
3.16%
Geode Holdings Trust
2.42%
State Street Corp.
2.22%
Marex Group Plc
1.32%
Clear Street Group, Inc.
1.23%
Clear Street Holdings USVI, Inc.
1.23%

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FAQ

What is the current stock price of D-Wave Quantum, Inc.?

As of the latest update, D-Wave Quantum, Inc.'s stock is trading at $20.32 per share.

What’s happening with D-Wave Quantum, Inc. stock today?

Today, D-Wave Quantum, Inc. stock is up by 19.73%, possibly due to news.

What is the market sentiment around D-Wave Quantum, Inc. stock?

Current sentiment around D-Wave Quantum, Inc. stock is negative, based on recent news, trading volume, and analyst opinions.

Is D-Wave Quantum, Inc.'s stock price growing?

Over the past month, D-Wave Quantum, Inc.'s stock price has increased by 19.73%.

How can I buy D-Wave Quantum, Inc. stock?

You can buy D-Wave Quantum, Inc. stock through any brokerage platform, such as e.g., Robinhood, Fidelity, E*TRADE, by searching for the ticker symbol QBTS

Who are the major shareholders of D-Wave Quantum, Inc. stock?

Major shareholders of D-Wave Quantum, Inc. include institutions such as The Vanguard Group, Inc. (10.65%), BlackRock, Inc. (8.13%), UBS Group AG (3.16%) ... , according to the latest filings.