16.80
+0.14 (+0.84%)
USD · NYSE
52-week range
12.75
46.75
Trading at 12% of the 52-week range
Market Cap
6.26B
P/E Ratio
0.00
Forward P/E
0.00
Book Value
2.91
Div. Yield
N/A
% Institutions
53.41%
% Insiders
2.09%

1 Year

+1.7%

3 Year

+1,600.4%

10 Year

+65.5%
Description

D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company's server. The company also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.

Company Information

Company Name
D-Wave Quantum Inc. Common Stock
Sector
Technology
Industry
Computer Hardware
Exchange
NYSE
ISIN: US26740W1099
CIK: 0001907982
CUSIP: 26740W109
Currency: USD
Full Time Employees: 382
Phone: 604 285 2881
Fiscal Year End: December
IPO Date: Aug 08, 2022
Description:

D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company's server. The company also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.

Address:

2650 East Bayshore Road, Palo Alto, CA, United States, 94303

People

Directors & Officers

Name Title Year Born
Dr. Alan E. Baratz Ph.D. President, CEO & Director 1955
Mr. John M. Markovich Executive VP & CFO 1957
Mr. Stanley T. Black CISSP Executive VP & Chief Information Security Officer 1966
Mr. Kevin M. Hunt Senior Director of Investor Relations NA
Ms. Allison Schwartz Senior Vice President of Global Government Relations & Public Affairs NA
Ms. Michelle Maggs Senior Vice President of Marketing NA
Ms. Sophie C. Ames Executive VP & Chief Human Resources Officer 1965
Mr. Trevor Lanting Chief Development Officer NA
Mr. Lorenzo Martinelli Chief Revenue Officer 1965
Mr. Robert Schoelkopf Chief Science Officer NA

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Apr 20, 2026 Sophie C Ames N/A Sale 3.07K $21.35 $65.54K
Mar 16, 2026 Rohit Ghai N/A Sale 10.00K $17.62 $176.20K
Mar 13, 2026 John M Markovich N/A Sale 10.71K $17.63 $188.75K
Mar 05, 2026 John D Dilullo N/A Sale 8.00K $18.01 $144.08K
Jan 14, 2026 Alan E Baratz N/A Sale 35.01K $28.06 $982.46K
Jan 14, 2026 John M Markovich N/A Sale 9.18K $28.06 $257.56K
Dec 22, 2025 Alan E Baratz N/A Sale 793.71K $30.13 $23.91M
Dec 22, 2025 John M Markovich N/A Sale 100.00K $30.03 $3.00M
Dec 15, 2025 John M Markovich N/A Sale 11.56K $23.89 $276.22K
Dec 15, 2025 Rohit Ghai N/A Sale 10.00K $24.28 $242.80K
Dec 05, 2025 John D Dilullo N/A Sale 8.00K $27.36 $218.88K
Dec 03, 2025 John M Markovich N/A Sale 100.00K $25.05 $2.51M
Dec 03, 2025 Kirstjen Nielsen N/A Sale 7.00K $22.62 $158.34K
Nov 20, 2025 John M Markovich N/A Sale 200.00K $22.94 $4.59M
Nov 13, 2025 Alan E Baratz N/A Sale 168.10K $23.17 $3.89M
Nov 13, 2025 John M Markovich N/A Sale 98.06K $23.17 $2.27M
Nov 11, 2025 Alan E Baratz N/A Sale 806.29K $28.87 $23.28M
Oct 14, 2025 Alan E Baratz N/A Sale 31.37K $43.74 $1.37M
Oct 14, 2025 John M Markovich N/A Sale 7.99K $43.74 $349.66K
Sep 15, 2025 John D Dilullo N/A Sale 8.00K $17.93 $143.44K

Shareholders

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
BlackRock Inc 30.15M Mar 31, 2026 8.10% $0.01 6.93%
Vanguard Portfolio Management, LLC 20.79M Mar 31, 2026 5.58% $0.02 0.00%
Vanguard Capital Management, LLC 15.85M Mar 31, 2026 4.26% $0.01 0.00%
UBS Group AG 9.87M Mar 31, 2026 2.65% $0.02 -3.84%
Geode Capital Management, LLC 9.04M Mar 31, 2026 2.43% $0.01 7.68%
State Street Corp 8.47M Mar 31, 2026 2.27% $0.00 9.91%
Clear Street Group Inc 5.71M Mar 31, 2026 1.53% $0.33 33.35%
NORGES BANK 4.48M Jun 30, 2026 1.20% $0.01 2,715.92%
The Goldman Sachs Group Inc 4.28M Mar 31, 2026 1.15% $0.01 20.56%
Bank of America Corp 3.89M Mar 31, 2026 1.04% $0.00 10.48%
HRT FINANCIAL LLC 3.36M Mar 31, 2026 0.90% $0.12 0.00%
Charles Schwab Investment Management Inc 3.24M Mar 31, 2026 0.87% $0.01 5.70%
Unicom Systems Inc 3.12M Jun 30, 2026 0.84% $4.89 0.00%
Northern Trust Corp 3.12M Mar 31, 2026 0.84% $0.01 9.86%
Vanguard Fiduciary Trust Co 2.54M Mar 31, 2026 0.68% $0.01 0.00%
Jane Street Group LLC 2.38M Mar 31, 2026 0.64% $0.00 18,135.61%
Morgan Stanley - Brokerage Accounts 2.34M Mar 31, 2026 0.63% $0.00 -8.20%
VOLORIDGE INVESTMENT MANAGEMENT, LLC 2.12M Mar 31, 2026 0.57% $0.12 0.00%
Wellington Management Company LLP 1.82M Jun 30, 2026 0.49% $0.01 372.24%
Susquehanna International Group, LLP 1.73M Mar 31, 2026 0.47% $0.00 122.52%

Fund Holdings

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Vanguard MStar Total Stk Mkt Idx Invest 11.11M 2.98% ▲ 0.30% Jul 31, 2026
2 iShares Russell 2000 ETF 9.42M 2.53% ▼ 0.57% Aug 31, 2026
3 Vanguard Small Cap Index 8.01M 2.15% ▲ 0.23% Jul 31, 2026
4 Vanguard Information Technology ETF 5.43M 1.46% ▲ 0.41% Jul 31, 2026
5 Vanguard MStar Small Cap Growth Indx Inv 4.64M 1.25% ▲ 0.45% Jul 31, 2026
6 Vanguard Institutional Extnd Mkt Idx Tr 4.23M 1.13% ▲ 0.41% Jul 31, 2026
7 Fidelity Small Cap Index 4.01M 1.08% ▲ 10.05% Jun 30, 2026
8 iShares Russell 2000 Growth ETF 3.47M 0.93% ▲ 0.25% Aug 31, 2026
9 Defiance Quantum ETF 2.83M 0.76% ▲ 0.13% Aug 31, 2026
10 VanEck Quantum Cmptg ETF A USD Acc 2.55M 0.69% ▲ 0.33% Aug 31, 2026

Financial Highlights

Market Cap: $6.26B
EBITDA: $-161.20M
Book Value: $2.91
Earnings/Share: $-0.70
Profit Margin: 0.00%
Operating Margin: -1,732.06%
ROA (TTM): -10.65%
ROE (TTM): -27.99%
Revenue (TTM): $12.43M
Revenue/Share (TTM): $0.04
Earnings Growth (YOY): 0.00%
Revenue Growth (YOY): -0.60%

Valuation Metrics

Enterprise Value: $5.71B
Trailing P/E: 0.00
Forward P/E: 0.00

Shares Statistics

Shares Outstanding: 369.35M
Shares Float: 362.25M
% Insiders: 2.09%
% Institutions: 53.41%
Short % Float: 21.85%

Stock Price History

1 Year Price History

3 Years Price History

10 Years Price History

Financial Charts

Revenue, Net Income & Operating Cash Flow (Yearly)

Revenue, Net Income & Operating Cash Flow (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Income Statement Waterfall

Open full waterfall
Line Item
Step Type
Value
Revenue
adjust
$24.59M
Cost of Goods Sold
adjust
$-4.28M
Gross Profit
subtotal
$20.31M
SG&A
adjust
$-41.19M
R&D
adjust
$-50.73M
Other Operating Expense
adjust
$-28.75M
Operating Income
subtotal
$-100.37M
Other / Non-Operating Items
adjust
$-254.69M
Net Income
subtotal
$-355.06M

Earnings Per Share (EPS) History

Financial Ratios

📦 Raw API Data (JSON Explorer)

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