NASDAQ · QBTSTechnologyCloud & Data Processing

D-Wave Quantum Inc. Common Stock (QBTS)

$10.37+2.77%
Close Nov 3, 2026 · split-adjusted
Nov 3, 2026$10.37▼ 68.66% in range
Nov 3, 2025Low $10.09 · High $33.09Nov 3, 2026
What changed · written from our data
As of Nov 3, 2026

D-Wave Quantum closed at $10.37 on Nov 3, up 2.77%, within 2.8% of its 52-week closing low. Volume of 8.5M shares was 0.60× its 20-day average (below normal).

Split-adjusted performance: -33.7% over one month, -51.9% over six months, -72.0% over one year.

In the quarter ended Jun 30, 2026, revenue was $3.08M, down 0.6% from a year earlier, with a net margin of -1561.4%.

Short interest was 79.1M shares at the Oct 15 settlement, up 11.6% from the prior report (22.2% of float, 5.0 days to cover).

Market cap$3.94B379.6M shares
Revenue · quarter$3.1M−0.6% YoY
Diluted EPS$-0.13—
P/E · TTM—P/S 316.8×
Net margin-1,561.4%Gross 55.4%
Dividend yieldNone
52-week range10.09 – 37.06−72.0% from high
Volume8.5M0.60× 20-day avg
Volatility · 60d64.8%Annualised
Short % of float22.2%5.0 days to cover
Net cash$511.2MCash $546.2M
Next earnings—Not scheduled
Split-adjusted performance
1W −14.5%1M −33.7%3M −51.5%6M −51.9%YTD −60.3%1Y −72.0%3Y +1610.9%5Y —

Earnings reactions

History →

No reported quarters with price history yet.

Rank within Cloud & Data Processing

Percentile among 57 companies (100 = best)

6-month momentum22
Revenue growth23
Net margin8
Value (low P/E)—
Size84

Industry medians: 6-month return −10.4%, revenue growth +5.7%, net margin 2.0%, P/E 22.0×.

Short interest

Details →
Shares short79.1M+11.6% vs prior
Days to cover5.0Settled Oct 15
% of float22.2%
Short vol. 10d46.5%of daily volume

Closest peers by size in Cloud & Data Processing

CompanyPriceToday6MRev. growthNet marginP/EMkt cap
QBTSD-Wave Quantum$10.37+2.77%−51.9%−0.6%−1561.4%—$3.94B
FAFirst Advantage$21.82−1.09%+72.6%+14.9%3.8%149.0$3.75BCompare
LIFLife360$45.07+0.85%+1.2%+37.8%3.2%24.9$3.67BCompare
CARGCarGurus$33.77−0.06%−10.4%+13.1%19.6%17.1$3.01BCompare
APLDApplied Digital$17.81+9.80%−55.3%+322.4%−69.3%—$5.39BCompare
PEGAPegasystems$34.35−0.67%−7.0%+3.1%3.6%19.1$5.62BCompare
FIVNFIVE9$35.770.00%+47.4%+10.3%1.1%44.9$2.67BCompare
LFTOLiftoff Mobile$14.60+3.99%——−1.9%—$2.47BCompare
RNGRINGCENTRAL$78.14+0.51%+63.6%+5.9%83.5%9.9$6.53BCompare

Quick answers

What does D-Wave Quantum do?
D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling.
What is QBTS's market cap?
$3.94B, based on the Nov 3 close of $10.37.
Does D-Wave Quantum pay a dividend?
No regular cash dividend has been paid in the last year.
How much of QBTS is sold short?
79.1M shares, 22.2% of float, as of Oct 15, 2026.
What sector is QBTS in?
Technology, in the Cloud & Data Processing industry.

About D-Wave Quantum

D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.

HQ: Palo Alto, CA388 employeesListed Aug 8, 2022dwavequantum.com

Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology