D WAVE QUANTUM INC (QBTS)
Information Technology · Quantum Computing Hardware & Software · NYSE
D-Wave is the world's first and only dual-platform quantum computing company delivering both annealing and gate-model quantum systems to solve complex computational problems beyond classical computing.
What D WAVE QUANTUM INC does
D-Wave develops and commercializes quantum computing systems, software, and services, pioneering the annealing quantum computing platform and recently acquiring gate-model technology through Quantum Circuits, Inc. The company offers quantum processing units (QPUs) deployable on-premises or via its Leap quantum cloud service, along with hybrid quantum-classical solvers and continuous software enhancements. D-Wave positions itself as the only company providing both annealing and gate-model quantum platforms to address enterprise-scale computational problems that classical computing cannot solve efficiently.
Themes: ["Quantum computing / quantum annealing"]
Fundamentals
- Price$21.16 as of 2026-07-09 close
- Market cap$7.8B as of 2026-07-10
- 1-year return+29.1% as of 2026-07-09 close
- Net margin-2957.2% as of 2026-07-10
- Gross margin+66.3% as of 2026-07-10
- ROE-44.0% as of 2026-07-10
- Debt / equity0.03 as of 2026-07-10
- Revenue growth (YoY)-41.8% as of 2026-07-10
- Revenue CAGR (3y)+50.8% SEC XBRL
- Beta2.14 as of 2026-07-10
Key risks (from latest filing)
["Quantum computing remains in early commercialization stages; enterprise adoption and realization of value from quantum systems is uncertain and may not materialize as expected"]
Competitors & peers
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.