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D-Wave Quantum Inc. (QBTS)

Technology · Computer Hardware · Mid-cap · updated October 16, 2026

NOT A BUY TODAY
What this means. D-Wave Quantum Inc. is a weaker business by our measures, its shares look expensive compared with other stocks, and its share price has been weak.
Value36
Quality31
Price trend2
Overall28
2709 of 2764rank among the US stocks we score (our core model buys the top 15)
2%of US stocks we score rank below it

Scores are 0 to 100 against every US stock we track; 50 is average. Recomputed after every US market close.

The business in numbers

Fiscal year to December 2025, from the company's annual filing with the SEC.

Salesyearly sales$24.6M
Sales growthchange from the year before+178.5%
Gross marginshare of sales left after the direct cost of what it sells82.6%
Operating marginshare of sales left after running the business-408.2%
Net marginshare of sales kept as profit-1444.1%
Free-cash-flow marginspare cash generated per $100 of sales-308.5%
Return on invested capitalprofit made on each $100 put into the business-8.9%
Return on equityprofit vs. shareholders' accounting value-41.7%
Debt / equitydebt vs. shareholders' accounting value0.04
Change in share countnegative = the company is buying back its shares+67.2%

Insider trades, last 90 days

1 insider sold $52K (all under pre-arranged plans) on the open market.

Ames Sophie CExec. Vice President & CHROSold (plan)Jul 203,070 shat $16.95 · $52K

From Form 4 filings with the SEC. Open-market trades only. "Plan" = a sale set up in advance under a 10b5-1 plan, usually routine.

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