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D-Wave Quantum Inc.

QBTS Technology EDP Services
$11.63
▼ -1.3% Today
as of Oct 22, 16:51 ET
Last 30 days -30.90% Sep 14 → Oct 22
$11.14 $12.90 $14.67 $16.43 $18.19 Sep 14 Sep 22 Sep 29 Oct 07 Oct 14 Oct 22
Open
$11.62
High
$12.03
Low
$11.39
Volume
$14M
Avg Vol
$29M
Mkt Cap
$5.8B
P/E (TTM)
—
Beta
—
52w High
$37.62
52w Low
$11.35
Div Yield
—
Shares Out
$372M

Recent Press Releases & News last 60 days · 25 items

Oct 21 · 01:16 Trefis
What Needs To Be True To Buy QBTS Stock Now?
Oct 20 · 21:11 Simply Wall St.
Is Italy System Deployment Altering The Investment Case For D Wave Quantum (QBTS)?
Oct 20 · 13:00 Zacks
Here's How QBTS' Liquidity Supports Expansion Despite Rising Cash Burn
▸ Show all 25 press releases & news Free account →

QBTS earnings at a glance

D-Wave Quantum Inc. (QBTS) is scheduled to report earnings on Thursday, November 5, 2026 — in 13 days. Analysts expect earnings per share of -$0.10, compared with -$0.41 in the same quarter last year (+76%). The options market is pricing a move of about ±2.9% after the report, a range of roughly $11.29 to $11.97 from today's $11.63. Over its last 6 reports the stock rose the next day 2 times and fell 4, moving ±13.5% on average; after the most recent report on Aug 6, 2026 it moved -9.3%. That means options currently expect less movement than QBTS has typically delivered. QBTS beat the consensus EPS estimate in 2 of its last 6 reported quarters. Implied volatility is currently 70%. The share price of $11.63 sits near its 52-week low.

More Technology stocks · All stocks · Earnings calendar

Overview

52-week range
$11
$38
1% of range
Avg surprise (last 6)
-223.5%
Avg reaction (last 6)
+4.4%
33% positive
Latest IV / EM
70%
EM ±2.9% · $15 · Oct 9

Earnings trends

EPS — actual vs estimate Actual Estimate
$-0.55$-0.42$-0.29$-0.15$-0.02 Actual $-0.20Actual $-0.21Actual $-0.12Actual $-0.11Actual $-0.10Actual $-0.11Actual $-0.02Est $-0.05Actual $-0.55Est $-0.06Actual $-0.41Est $-0.07Actual $-0.12Est $-0.05Actual $-0.05Est $-0.10Actual $-0.13Est $-0.12 MarJunSepMarJunSepMar/2025Jun/2025Sep/20258KMar/2026Jun/2026
Revenue vs Net Income Revenue Net income
$-167M$-122M$-76M$-30M$16M Sep 24Mar 25Jun 25Sep 25Mar 26Jun 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Thu Aug 6, 2026Jun/2026 $-0.13 $-0.12 -8.3% +78.2% -9.3% earnings
Tue May 12, 2026Mar/2026 $-0.05 $-0.10 +50.0% -150.0% -7.0% earnings
Thu Feb 26, 20268K 2026-02-26 $-0.12 $-0.05 -140.0% — +2.5% earnings
Thu Nov 6, 2025Sep/2025 $-0.41 $-0.07 -485.7% — -8.5% earnings
Thu Aug 7, 2025Jun/2025 $-0.55 $-0.06 -816.7% — -2.3% earnings
Thu May 8, 2025Mar/2025 $-0.02 $-0.05 +60.0% — +51.2% earnings
Mon Sep 30, 2024Sep 2024 $-0.11 — — — — financials
Sun Jun 30, 2024Jun 2024 $-0.10 — — — — financials
Sun Mar 31, 2024Mar 2024 $-0.11 — — — — financials
Sat Sep 30, 2023Sep 2023 $-0.12 — — — — financials
Fri Jun 30, 2023Jun 2023 $-0.21 — — — — financials
Fri Mar 31, 2023Mar 2023 $-0.20 — — — — financials

Upcoming

DateFiscalTimeEPS EstLY EPSYoY %Δ
Thu Nov 5, 2026Sep/2026OTHER -$0.10-$0.41 +75.6%

Financials

Income statement (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue$3M$3M—$4M$3M$15M—$2M
Cost of revenue$1M$1M—$1M$1M$1M—$827,000
Gross profit$2M$2M—$3M$2M$14M—$1M
Operating income$-53M$-55M—$-28M$-27M$-11M—$-21M
Net income$-48M$-18M—$-140M$-167M$-5M—$-23M
EPS (diluted)$-0.13$-0.05—$-0.41$-0.55$-0.02—$-0.11

Balance sheet (quarterly)

MetricJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Cash & equivalents$297M$338M$635M$836M$819M$304M$178M$29M
Inventory$3M$3M$3M$3M$2M$2M$2M$2M
Total current assets$561M$607M$896M$848M$829M$311M$185M$35M
Total assets$1.16B$1.20B$916M$866M$844M$326M$200M$50M
Long-term debt$35M$35M$36M$32M$32M$30M$30M$32M
Total liabilities$75M$76M$64M$195M$149M$118M$137M$66M
Total equity$1.08B$1.12B$852M$671M$694M$207M$63M$-17M

Implied volatility — last 90 days

66%91%116%141%166% Jun 07 — IV 130% · EM ±12.1%Jun 08 — IV 122% · EM ±10.2%Jun 09 — IV 127% · EM ±9.2%Jun 10 — IV 135% · EM ±8.0%Jun 11 — IV 126% · EM ±5.3%Jun 15 — IV 121% · EM ±8.8%Jun 16 — IV 132% · EM ±7.8%Jun 17 — IV 116% · EM ±4.8%Jun 19 — IV 100% · EM ±11.1%Jun 22 — IV 125% · EM ±10.4%Jun 23 — IV 124% · EM ±9.0%Jun 24 — IV 124% · EM ±7.3%Jun 25 — IV 113% · EM ±4.7%Jun 29 — IV 98% · EM ±23.0%Jun 30 — IV 101% · EM ±23.4%Jul 01 — IV 112% · EM ±4.7%Jul 03 — IV 97% · EM ±10.8%Jul 06 — IV 104% · EM ±8.7%Jul 07 — IV 106% · EM ±7.7%Jul 08 — IV 108% · EM ±6.4%Jul 09 — IV 93% · EM ±3.9%Jul 13 — IV 98% · EM ±8.2%Jul 14 — IV 94% · EM ±6.8%Jul 15 — IV 98% · EM ±5.8%Jul 16 — IV 102% · EM ±4.2%Jul 20 — IV 101% · EM ±8.4%Jul 21 — IV 99% · EM ±7.2%Jul 22 — IV 100% · EM ±5.9%Jul 23 — IV 97% · EM ±4.0%Jul 27 — IV 111% · EM ±9.2%Jul 28 — IV 111% · EM ±8.1%Jul 29 — IV 119% · EM ±7.1%Jul 30 — IV 106% · EM ±4.4%Aug 03 — IV 143% · EM ±12.0%Aug 04 — IV 158% · EM ±11.4%Aug 05 — IV 166% · EM ±9.8%Aug 06 — IV 103% · EM ±4.3%Aug 10 — IV 91% · EM ±7.6%Aug 11 — IV 90% · EM ±6.5%Aug 12 — IV 91% · EM ±5.3%Aug 13 — IV 80% · EM ±3.3%Aug 17 — IV 88% · EM ±7.3%Aug 18 — IV 85% · EM ±6.1%Aug 19 — IV 84% · EM ±5.0%Aug 20 — IV 89% · EM ±3.7%Aug 24 — IV 88% · EM ±7.3%Aug 25 — IV 88% · EM ±6.4%Aug 26 — IV 84% · EM ±4.9%Aug 27 — IV 80% · EM ±3.3%Aug 31 — IV 75% · EM ±6.3%Sep 01 — IV 77% · EM ±5.5%Sep 02 — IV 74% · EM ±4.4%Sep 03 — IV 81% · EM ±3.4%Sep 07 — IV 77% · EM ±6.4%Sep 08 — IV 87% · EM ±6.3%Sep 09 — IV 86% · EM ±5.1%Sep 10 — IV 86% · EM ±3.6%Sep 14 — IV 78% · EM ±6.5%Sep 15 — IV 80% · EM ±5.8%Sep 16 — IV 79% · EM ±4.7%Sep 17 — IV 85% · EM ±3.5%Sep 21 — IV 74% · EM ±6.2%Sep 22 — IV 77% · EM ±5.6%Sep 23 — IV 81% · EM ±4.8%Sep 24 — IV 86% · EM ±3.6%Sep 28 — IV 69% · EM ±16.4%Sep 29 — IV 70% · EM ±16.3%Sep 30 — IV 80% · EM ±4.7%Oct 01 — IV 77% · EM ±3.2%Oct 06 — IV 69% · EM ±5.0%Oct 07 — IV 66% · EM ±3.9%Oct 08 — IV 70% · EM ±2.9%

Sector peers

OTEX
Open Text Corporation
$5.7B $27.94+5.4%
PEGA
Pegasystems Inc.
$5.6B $36.65+1.2%
EPAM
EPAM Systems, Inc.
$5.6B $138.67+6.1%
BILI
Bilibili Inc.
$6.2B $13.47-3.2%
SAIC
Science Applications International Corporation
$5.4B $143.53+6.2%
DOX
Amdocs Limited
$6.3B $63.57+3.5%

QBTS earnings FAQ

When is QBTS's next earnings date?

D-Wave Quantum Inc. is expected to report on November 5, 2026.

What is QBTS's expected move for earnings?

Options currently price a move of about ±2.9%, or $0.34 per share either way from $11.63.

How does QBTS stock usually react to earnings?

Across the last 6 reports the average next-day move was ±13.5%, up 2 times and down 4 times.

What EPS are analysts expecting from D-Wave Quantum Inc.?

The consensus estimate is -$0.10 per share, versus -$0.41 a year ago.

What is QBTS's implied volatility?

QBTS's at-the-money implied volatility is about 70% based on the latest options snapshot.

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