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D-Wave Quantum Inc.

QBTS Technology EDP Services
$23.85
▼ -13.7% Today
as of Jun 7, 07:25 ET
Last 30 days +31.70% Apr 28 → Jun 05
$17.15 $20.64 $24.12 $27.61 $31.10 Apr 28 May 05 May 13 May 20 May 29 Jun 05
Open
$26.56
High
$26.59
Low
$23.29
Volume
$34M
Avg Vol
$41M
Mkt Cap
$10.8B
P/E (TTM)
Beta
52w High
$46.75
52w Low
$12.75
Div Yield
Shares Out
$370M

Overview

52-week range
$13
$47
33% of range
Avg surprise (last 2)
+55.0%
Avg reaction (last 2)
+22.1%
50% positive
Latest IV / EM
130%
EM ±12.1% · $24 · Jun 12

Earnings trends

EPS — actual vs estimate Actual Estimate
$-0.55$-0.42$-0.29$-0.15$-0.02 Actual $-0.21Actual $-0.12Actual $-0.11Actual $-0.10Actual $-0.11Actual $-0.02Est $-0.05Actual $-0.55Actual $-0.41Actual $-0.05Est $-0.10 JunSepMarJunSepMar/2025JunSepMar/2026
Revenue vs Net Income Revenue Net income
$-167M$-127M$-87M$-46M$-6M Jun 24Sep 24Mar 25Jun 25Sep 25Mar 26

Earnings history

DatePeriodActual EPSEstSurpriseYoY %ΔDay reactSource
Tue May 12, 2026Mar/2026 $-0.05 $-0.10 +50.0% -150.0% -7.0% earnings
Tue Sep 30, 2025Sep 2025 $-0.41 financials
Mon Jun 30, 2025Jun 2025 $-0.55 financials
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

Financials

Income statement (quarterly)

MetricMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue
Cost of revenue$1M$1M$1M$1M$827,000$795,000
Gross profit$2M$3M$2M$14M$1M$1M
Operating income$-55M$-28M$-27M$-11M$-21M$-19M
Net income$-18M$-140M$-167M$-5M$-23M$-18M
EPS (diluted)$-0.05$-0.41$-0.55$-0.02$-0.11$-0.10

Balance sheet (quarterly)

MetricMar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Cash & equivalents$338M$635M$836M$819M$304M$178M
Inventory$3M$3M$3M$2M$2M$2M$2M$2M
Total current assets$607M$896M$848M$829M$311M$185M$35M$47M
Total assets$1.20B$916M$866M$844M$326M$200M$50M$62M
Long-term debt$35M$36M$32M$32M$30M$30M$32M$31M
Total liabilities$76M$64M$195M$149M$118M$137M$66M$83M
Total equity$1.12B$852M$671M$694M$207M$63M$-17M$-22M

Implied volatility — last 90 days

124%127%129%132%134% Jun 07 — IV 130% · EM ±12.1%

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