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D-Wave Quantum Inc (QBTS)
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

Company Info

ISIN
US26740W1099
CUSIP
26740W109
IPO Date
Aug 8, 2022

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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S&P 500 Index

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%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
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
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.


QBTS Risk / Return Rank: 6969
Overall Rank
QBTS Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
QBTS Sortino Ratio Rank: 7878
Sortino Ratio Rank
QBTS Omega Ratio Rank: 6969
Omega Ratio Rank
QBTS Calmar Ratio Rank: 6767
Calmar Ratio Rank
QBTS Martin Ratio Rank: 6565
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

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).


QBTSBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

0.77

0.90

-0.13

Sortino ratio

Return per unit of downside risk

2.04

1.39

+0.66

Omega ratio

Gain probability vs. loss probability

1.22

1.21

+0.01

Calmar ratio

Return relative to maximum drawdown

1.27

1.40

-0.13

Martin ratio

Return relative to average drawdown

2.69

6.61

-3.92

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


D-Wave Quantum Inc doesn't pay dividends

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, 2022191May 12, 2023505May 19, 2025696
-71.01%Oct 16, 2025113Mar 30, 2026
-27.04%Jul 24, 202521Aug 21, 202518Sep 17, 202539
-26.37%May 23, 202524Jun 27, 202513Jul 17, 202537
-10.86%Sep 25, 20254Sep 30, 20252Oct 2, 20256

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.


Annual
Quarterly

0.0

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

Values in undefined except per share items