Highlights
- Market Cap
- $5.09B
- Enterprise Value
- $4.47B
- EPS (TTM)
- -$1.08
- Total Revenue (TTM)
- $24.59M
- Gross Profit (TTM)
- $20.31M
- EBITDA (TTM)
- -$345.51M
- Year Range
- $5.77 - $46.75
- Target Price
- $41.00
- ROA (TTM)
- -38.77%
- ROE (TTM)
- -41.66%
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in D-Wave Quantum Inc, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
D-Wave Quantum Inc (QBTS) has returned -44.82% so far this year and 89.87% over the past 12 months.
D-Wave Quantum Inc
- 1D
- 11.17%
- 1M
- -23.16%
- YTD
- -44.82%
- 6M
- -41.60%
- 1Y
- 89.87%
- 3Y*
- 179.05%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Aug 8, 2022, QBTS's average daily return is +0.45%, while the average monthly return is +11.83%. At this rate, your investment would double in approximately 0.5 years.
Historically, 41% of months were positive and 59% 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% | -44.82% | |||||||||
| 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 | -33.20% | 17.81% | -63.02% | -19.59% | -38.46% | -85.60% |
Benchmark Metrics
D-Wave Quantum Inc has an annualized alpha of 131.80%, beta of 2.13, and R² of 0.05 versus S&P 500 Index. Calculated based on daily prices since August 09, 2022.
- This stock captured 281.28% of S&P 500 Index gains and 220.19% of its losses — amplifying both gains and losses, but participating more in upside than downside.
- R² of 0.05 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
- 131.80%
- Beta
- 2.13
- R²
- 0.05
- Upside Capture
- 281.28%
- Downside Capture
- 220.19%
Return for Risk
Risk / Return Rank
QBTS ranks 69 for risk / return — better than 69% 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 a chosen benchmark (S&P 500 Index).
| QBTS | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.77 | 0.90 | -0.13 |
Sortino ratioReturn per unit of downside risk | 2.04 | 1.39 | +0.66 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.40 | -0.13 |
Martin ratioReturn relative to average drawdown | 2.69 | 6.61 | -3.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore QBTS risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
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.
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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 67.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -96.67% | Aug 10, 2022 | 191 | May 12, 2023 | 505 | May 19, 2025 | 696 |
| -71.01% | Oct 16, 2025 | 113 | Mar 30, 2026 | — | — | — |
| -27.04% | Jul 24, 2025 | 21 | Aug 21, 2025 | 18 | Sep 17, 2025 | 39 |
| -26.37% | May 23, 2025 | 24 | Jun 27, 2025 | 13 | Jul 17, 2025 | 37 |
| -10.86% | Sep 25, 2025 | 4 | Sep 30, 2025 | 2 | Oct 2, 2025 | 6 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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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 193.6. 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 6.0. 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 | — |