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D-Wave Quantum Inc.

corporate_fare Company Profile

D-Wave Quantum Inc.

QBTS·NASDAQ·Technology·CIK 0001907982

D-Wave Quantum Inc. helps customers use quantum computing to solve complex computational problems that classical computing alone cannot address. As a pioneer in the quantum industry for over 25 years, D-Wave was the first company to provide commercial-grade annealing quantum computing systems and solutions. It is also the only dual-platform quantum computing company, offering both annealing and gate-model systems, software, and services to address a full range of computational problems. D-Wave aims to lead the industry in enterprise quantum computing, transitioning from academic exploration to enterprise-scale adoption and deployment. The company holds a first-mover advantage in annealing quantum computing, a technology chosen for its scalability. D-Wave was the first to launch commercial quantum systems, demonstrate quantum supremacy on a real-world problem, have quantum applications running in production for commercial customers, and achieve commercial customer use of its quantum computing technology with AI model training. The company provides a full stack of quantum systems, software, and services designed to solve highly complex problems.

D-Wave Quantum Inc. (NASDAQ:QBTS) is a publicly traded company in the Technology sector. Wiseek has independently scored 39 items for QBTS at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-09-09, rated 8/10. Across its 20 most recent items scored 7 or higher, the top rating is 8/10, with 9 rated 8 or above. Recent SEC coverage for QBTS spans 8-K/A, 8-K, 10-Q, 144.

Recent high-impact activity:

  • D-Wave Issues 7.1M Shares to U.S. Government at $14.09 in CHIPS Act Equity Deal
  • D-Wave Secures $100M CHIPS Act Award, Issues 7.1M Shares to U.S. Government at $14.09
  • D-Wave CFO Resigns Amid Quantum Computing Ramp-Up
  • D-Wave H1 Revenue Plunges 67% to $5.9M, Net Loss Hits $66.4M
  • D-Wave Q2 revenue holds at $3.1M while losses deepen on Quantum Circuits integration; bookings rocket 1,120%

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
$24.59M
Net Income
-$355.06M
Diluted EPS
-$1.11
Op. Cash Flow
-$71.98M
Free Cash Flow
-$75.84M
Gross Profit
$20.31M
Operating Income
-$100.37M
Cash & Equivalents
$635.35M
Total Debt
$35.83M
Debt / Equity
0.04×
Net Margin
-14.44×
Shares Outstanding
358.74M sh
Source: 10-K · filed 2026-02-26 · accession 0001907982-26-000026

Dilution Risk

Low risk

Filing-implied dilution signals for QBTS, detected from its recent SEC filings · based on capital-structure filings through 2026-09-10.

1 recent capital raise

Government Equity Issuance · Dilution to Existing Holders

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$16.78 -0.02% today
52-week range · as of 2026-09-09 $12.75 – $46.75
Market cap
$6.26B
Volume
12M (0.7× avg)
3-mo avg 16.1M
Live data · 2026-09-14 01:10 UTC · Market closed

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feed QBTS - Latest Insights

QBTS
Sep 09, 2026, 7:00 AM EDT
Filing Type: 8-K/A
Importance Score:
8
Price at Filing: $17.48
Real-time Price: $16.78 info
Change: -$0.7005 (-4%) info
Market Cap: $6.257B info
QBTS
Sep 08, 2026, 7:01 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $17.13
Real-time Price: $16.78 info
Change: -$0.350 (-2%) info
Market Cap: $6.257B info
QBTS
Aug 25, 2026, 5:00 PM EDT
Source: Dow Jones Newswires
Importance Score:
7
Price at Filing: $19.30
Real-time Price: $16.78 info
Change: -$2.52 (-13%) info
Market Cap: $6.257B info
QBTS
Aug 10, 2026, 7:37 AM EDT
Source: Wiseek News
Importance Score:
7
Price at Filing: $20.50
Real-time Price: $16.78 info
Change: -$3.72 (-18%) info
Market Cap: $6.257B info
QBTS
Aug 06, 2026, 4:19 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $19.49
Real-time Price: $16.78 info
Change: -$2.71 (-14%) info
Market Cap: $6.257B info
QBTS
Aug 06, 2026, 7:02 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $19.00
Real-time Price: $16.78 info
Change: -$2.22 (-12%) info
Market Cap: $6.257B info
QBTS
Aug 05, 2026, 11:09 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $21.54
Real-time Price: $16.78 info
Change: -$4.76 (-22%) info
Market Cap: $6.257B info
QBTS
Jul 27, 2026, 7:01 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $16.25
Real-time Price: $16.78 info
Change: +$0.530 (+3%) info
Market Cap: $6.257B info
QBTS
Jul 24, 2026, 7:00 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $17.20
Real-time Price: $16.78 info
Change: -$0.420 (-2%) info
Market Cap: $6.257B info
QBTS
Jul 07, 2026, 7:03 AM EDT
Source: Wiseek News
Importance Score:
7
Price at Filing: $22.45
Real-time Price: $16.78 info
Change: -$5.67 (-25%) info
Market Cap: $6.257B info
QBTS
Jul 07, 2026, 7:02 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $22.45
Real-time Price: $16.78 info
Change: -$5.67 (-25%) info
Market Cap: $6.257B info
QBTS
Jun 18, 2026, 7:00 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $23.55
Real-time Price: $16.78 info
Change: -$6.77 (-29%) info
Market Cap: $6.257B info
QBTS
Jun 12, 2026, 6:33 PM EDT
Filing Type: 144
Importance Score:
7
Price at Filing: $23.49
Real-time Price: $16.78 info
Change: -$6.71 (-29%) info
Market Cap: $6.257B info
QBTS
Jun 10, 2026, 4:07 PM EDT
Filing Type: 4
Importance Score:
8
Price at Filing: $23.00
Real-time Price: $16.78 info
Change: -$6.22 (-27%) info
Market Cap: $6.257B info
QBTS
Jun 08, 2026, 4:05 PM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $25.85
Real-time Price: $16.78 info
Change: -$9.07 (-35%) info
Market Cap: $6.257B info
QBTS
Jun 08, 2026, 3:35 PM EDT
Filing Type: 144
Importance Score:
7
Price at Filing: $25.78
Real-time Price: $16.78 info
Change: -$9.00 (-35%) info
Market Cap: $6.257B info
QBTS
Jun 01, 2026, 12:50 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $29.48
Real-time Price: $16.78 info
Change: -$12.70 (-43%) info
Market Cap: $6.257B info
QBTS
Jun 01, 2026, 7:01 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $29.57
Real-time Price: $16.78 info
Change: -$12.79 (-43%) info
Market Cap: $6.257B info
QBTS
May 26, 2026, 2:01 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $27.51
Real-time Price: $16.78 info
Change: -$10.72 (-39%) info
Market Cap: $6.257B info
QBTS
May 26, 2026, 7:01 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $29.54
Real-time Price: $16.78 info
Change: -$12.76 (-43%) info
Market Cap: $6.257B info
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