- ISIN
- US26740W1099
- CUSIP
- 26740W109
- Sector
- Technology
- Industry
- Computer Hardware
- IPO Date
- Aug 8, 2022
Highlights
- Market Cap
- $8.99B
- Enterprise Value
- $8.67B
- EPS (TTM)
- -$1.08
- Total Revenue (TTM)
- $12.44M
- Gross Profit (TTM)
- $8.25M
- EBITDA (TTM)
- -$399.03M
- Year Range
- $12.75 - $46.75
- Target Price
- $39.17
- ROA (TTM)
- -30.67%
- ROE (TTM)
- -32.73%
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
QBTS Performance Chart
D-Wave Quantum Inc (QBTS) is down 6.4% since the beginning of the year. At $24 per share, QBTS is trading 47.7% below its 52-week high of $47.
Loading charts...
Returns By Period
D-Wave Quantum Inc (QBTS) has returned -6.42% so far this year and 56.36% over the past 12 months.
D-Wave Quantum Inc
- 1D
- -0.89%
- 1M
- -16.77%
- YTD
- -6.42%
- 6M
- -23.98%
- 1Y
- 56.36%
- 3Y*
- 146.69%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
QBTS Monthly Returns History
Based on dividend-adjusted daily data since Aug 8, 2022, QBTS's average daily return is +0.51%, while the average monthly return is +12.73%. At this rate, an investment would double in approximately 0.5 years.
Historically, 43% of months were positive and 57% were negative. The best month was Nov 2024 with a return of +184.9%, while the worst month was Oct 2022 at -63.0%. The longest winning streak lasted 3 consecutive months, and the longest losing streak was 7 months.
On a daily basis, QBTS closed higher 44% of trading days. The best single day was May 22, 2023 with a return of +110.7%, while the worst single day was Jan 8, 2025 at -36.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -18.85% | -11.50% | -23.16% | 40.54% | 48.62% | -18.81% | -6.42% | ||||||
| 2025 | -29.29% | -7.74% | 38.69% | -9.08% | 136.32% | -10.35% | 17.42% | -9.13% | 58.19% | 49.98% | -38.83% | 15.35% | 211.31% |
| 2024 | -3.95% | 118.86% | 10.27% | -32.84% | -1.46% | -15.56% | -12.28% | 1.00% | -2.68% | 7.84% | 184.91% | 178.15% | 854.44% |
| 2023 | -13.19% | -44.40% | -4.45% | -25.13% | 153.42% | 65.87% | 0.48% | -44.76% | -16.82% | -25.17% | 13.57% | 7.33% | -38.88% |
| 2022 | -25.61% | 17.81% | -63.02% | -19.59% | -38.46% | -83.96% |
Benchmark Metrics
D-Wave Quantum Inc has an annualized alpha of 148.11%, beta of 2.25, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since August 08, 2022.
- This stock captured 370.77% of S&P 500 Index gains and 225.50% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- R2 of 0.06 means this stock moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 148.11%
- Beta
- 2.25
- R²
- 0.06
- Upside Capture
- 370.77%
- Downside Capture
- 225.50%
Return for Risk
Risk / Return Rank
QBTS ranks 61 for risk / return — better than 61% of stocks on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for D-Wave Quantum Inc (QBTS) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| QBTS | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.80 | 2.78 | -1.99 |
| Martin ratioReturn relative to average drawdown | 1.37 | 12.44 | -11.06 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the D-Wave Quantum Inc. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the D-Wave Quantum Inc was 96.67%, occurring on May 12, 2023. Recovery took 505 trading sessions.
The current D-Wave Quantum Inc drawdown is 45.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -96.67%May 2023 | 9mo 5d | 2y 8d | 2y 9moAug 2022 - May 2025 |
2026 bear market2026 | -71.01%Mar 2026 | 5mo 15d | — | 8mo 10dOct 2025 - now |
2025 bear market2025 | -27.04%Aug 2025 | 28d | 27d | 1mo 25dJul 2025 - Sep 2025 |
2025 selloff2025 | -26.37%Jun 2025 | 1mo 5d | 20d | 1mo 25dMay 2025 - Jul 2025 |
2025 correction2025 | -10.86%Sep 2025 | 5d | 2d | 7dSep 2025 - Oct 2025 |
Drawdown Indicators
| QBTS | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.67% | -56.78% | -39.89% |
Max Drawdown (1Y)Largest decline over 1 year | -71.01% | -9.10% | -61.91% |
Max Drawdown (3Y)Largest decline over 3 years | -79.17% | -18.90% | -60.27% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -45.36% | -1.80% | -43.56% |
Average DrawdownAverage peak-to-trough decline | -65.55% | -10.71% | -54.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 41.13% | 2.03% | +39.10% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Financials
Financial Performance
The chart below illustrates the trends in the financial health of D-Wave Quantum Inc over time, highlighting three key metrics: Total Revenue, Earnings Before Interest and Taxes (EBIT), and Net Income.
Valuation
The Valuation section provides an overview of how D-Wave Quantum Inc is priced in the market compared to other companies in the Computer Hardware industry. It includes key financial ratios that help investors assess whether the stock is undervalued or overvalued.
PS Ratio
This chart shows the Price-to-Sales (P/S) ratio for QBTS relative to other companies in the Computer Hardware industry. Currently, QBTS has a P/S ratio of 667.1. This P/S ratio is high relative to other companies in the industry. It could mean the stock is overvalued, or that investors expect strong future growth and profitability.
PB Ratio
The chart illustrates the Price-to-Book (P/B) ratio for QBTS in comparison with other companies in the Computer Hardware industry. Currently, QBTS has a P/B value of 8.0. This P/B ratio is higher than most companies in the industry. It may suggest the stock is overvalued or that investors expect the company to generate high returns on its assets.
Income Statement
| TTM | |
|---|---|
Revenue | — |
Total Revenue | — |
Cost Of Revenue | — |
Gross Profit | — |
Operating Expenses | — |
Selling, General & Admin Expenses | — |
R&D Expenses | — |
Depreciation And Amortization | — |
Total Operating Expenses | — |
Income | — |
Income Before Tax | — |
Operating Income | — |
EBITDA | — |
EBIT | — |
Earnings From Continuing Operations | — |
Net Income | — |
Income Tax Expense | — |
Other Non-Operating Income (Expenses) | — |
Extraordinary Items | — |
Discontinued Operations | — |
Effect Of Accounting Charges | — |
Non Recurring | — |
Minority Interest | — |
Other Items | — |
Interest Income | — |
Interest Expense | — |
Net Interest Income | — |
Build a portfolio with QBTS
Add D-Wave Quantum Inc to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with QBTS