QBTS · D-Wave Quantum Inc.
$18.80
-0.52 (-2.69%)
At close · Aug 20
Market Cap
$7.00B
Shares
369.26M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$18.80
Open$19.22
Day$18.44–19.43
52W close$12.98–44.78
Avg vol 30d17.2M
Short int65.9M · 17.9% float · 3.4d
Short vol63%
Last earningsAug 6, 2026
DataDec 2020–Aug 2026
Filing10-Q · Aug 6
Up next
Next earnings call
Nov 3, 2026
Est · unconfirmed
· in 11 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Aug 6, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Neutral
Momentum
Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Very High
Market backdrop
VIX 14.9 · calm
Equity put/call 0.52
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−15%
below
Price vs 50-day avg
−9%
below
RSI (14)
45
neutral
MACD trend
Positive
52-week position
18%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
+10%
trailing
6-month return
0%
trailing
YTD return
−28%
this year
Relative strength
−11%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $21 › 200d $22 — 200d above 50d
Institutional flow
Accumulating
+12% holders QoQ · +134 funds added
Insider flow
Distributing
Net -$25.6M over 90 days · 100% sells
Short interest
Rising
17.85% of float · ▲ +1.3% MoM · 3.4 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
562 holders — near 3-yr high, broad support
Squeeze score
64
elevated · 0–100
Fundamentals
Revenue growth
+179%
Y/Y
Gross margin
83%
expanding
EPS growth
−48%
Y/Y
Free cash flow
$-75.8M
Balance sheet
$597.7M
net cash
Quant / Vol
risk profile
Volatility
112%
annualized · 1-yr
Max drawdown
−71%
past year
ATR
7.5%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Prior guidance
period ended
· from the Earnings Call filed Jun 30, 2024
Adjusted EBITDA loss
· full year 2024
up to $54.3M
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−15%
Bearish
Price vs 50-day avg
−9%
Bearish
RSI (14)
45
Neutral
MACD trend
Positive
Bullish
52-week position
18%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $21 › 200d $22 — 200d above 50d
Institutional flow
Accumulating
+12% holders QoQ · +134 funds added
Insider flow
Distributing
Net -$25.6M over 90 days · 100% sells
Short interest
Rising
17.85% of float · ▲ +1.3% MoM · 3.4 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
562 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $13
Now $19 · 18%
Range high $45
vs 200-day avg -15%
vs 50-day avg -9%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA Loss non-GAAP | $69.9M | six months ended June 30, 2026 | — |
| Bookings | $35.5M | the six months ended June 30, 2026 | — |
|
|
|||
| Commercial customer percentage of revenue | 67.7% | first half of 2026 | — |
| Forbes Global 2000 customers percentage of revenue | 48.5% | first half of 2026 | — |
| Non-GAAP Adjusted Operating Expenses non-GAAP | $73.9M | six months ended June 30, 2026 | — |
| Non-GAAP Gross Margin non-GAAP | 67.7% | six months ended June 30, 2026 | — |
| Non-GAAP Gross Profit non-GAAP | $4M | six months ended June 30, 2026 | — |
| QCaaS Production Revenue as % of Total QCaaS Revenue | 37.3% | the six months ended June 30, 2026 | — |
| QCaaS revenue from production applications | $1.3M | first half of 2026 | — |
| Remaining Performance Obligations | $40.7M | As of June 30, 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Computer Hardware — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
QBTS
this stock
D-Wave Quantum Inc.
|
$7.00B | -28.1% | +178.5% | — | 17.9% |
|
DELL
Dell Technologies Inc.
|
$288.56B | +245.4% | -13.6% | 35.5 | 2.0% |
|
ANET
Arista Networks, Inc.
|
$231.75B | +40.2% | +28.6% | 58.2 | 1.0% |
|
SNDK
Sandisk Corp
|
$230.35B | +574.3% | +175.3% | 21.3 | 4.7% |
|
STX
Seagate Technology Holdings plc
|
$193.25B | +208.7% | -36.7% | 61.3 | 3.6% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| QBTS | -10.1% | +9.9% | +0.1% | +4.0% | -28.1% |
| SPY | -2.0% | +3.3% | +11.2% | +2.1% | +11.8% |
| vs SPY | -8.1% | +6.6% | -11.1% | +1.9% | -39.9% |
Key facts
CIK
1907982
CUSIP
26740W109
13F (30d)
487 filings
474 filers
Visit website
Investor relations