OakChart

D-Wave Quantum Inc

QBTSTechnology·Computer Hardware·USA·Mid·NASD·Nov 11 • 3:59 PM ET

10.65+0.17 (1.62%)
2026-11-11 23:22 CET
Market cap
3,978.49 USD m
Revenue, TTM
13.20 USD m
Net income, TTM
-156.91 USD m
Free cash flow, TTM
-142.01 USD m
EPS diluted, TTM
-0.43
P/E
-
Compare

Price

QBTS against its 20, 50 and 200-day averages
2050200beatmissearnings
10.0020.0030.0070.9M141.7MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26QBTSclose 10.6520-day 11.2250-day 14.22200-day 18.6410.6552w high52w low

67.1% under the 52-week high of 32.39 on 22 Dec 2025. 52-week low 8.48 on 5 Nov 2026. Last 15 sessions, 44.8% high to low

Volume 0.94× normal · the line is the 50-bar volume average

Profile

QBTS
52-week range, 9% of the way up
8.4832.39

D-Wave Quantum, Inc. engages in the development and delivery of quantum computing systems, software, and services. The firm offers annealing and gate-model quantum computing technologies. It provides professional services that assist customers in identifying and implementing quantum computing applications and selling quantum computer systems to customers. The company was founded by Eric Ladizinsky in 1999 and is headquartered in Palo Alto, CA.

IndexRUT
Employees388
IPODec 11, 2020
Beta2.34
ATR, 14d0.96
Rel volume0.94
Short float22.52%
Insider own3.53%
Inst own53.20%

Snapshot

6 groups

Valuation

IndexRUT
Market Cap4.04B
Enterprise Value3.60B
Income-156.91M
Sales13.20M
Book/sh2.91
Cash/sh1.33
Dividend Est.-
Dividend TTM-
Dividend Ex-DateNov 19, 2025
Dividend Gr. 3/5Y- -
Payout-
Employees388
IPODec 11, 2020

Ratios

P/E-
Forward P/E-
PEG-
P/S306.29
P/B3.66
P/C8.03
P/FCF-
EV/EBITDA-
EV/Sales272.47
Quick Ratio17.10
Current Ratio17.31
Debt/Eq0.05
LT Debt/Eq0.05
Option/ShortYes / Yes

Earnings

EPS (ttm)-0.43
EPS next Y-0.38
EPS next Q-0.06
EPS this Y-10.90%
EPS next Y-31.66%
EPS next 5Y-9.59%
EPS past 3/5Y-35.05% -8.63%
Sales past 3/5Y50.78% -
EPS Y/Y TTM68.31%
Sales Y/Y TTM-45.33%
EPS Q/Q68.52%
Sales Q/Q20.70%
EarningsNov 10 BMO
EPS/Sales Surpr.-1.30% 3.40%

Ownership

Insider Own3.53%
Insider Trans-9.49%
Inst Own53.20%
Inst Trans6.48%
ROA-15.78%
ROE-18.38%
ROIC-14.39%
Gross Margin66.08%
Oper. Margin-1487.43%
Profit Margin-1188.79%
SMA20-5.09%
SMA50-25.10%
SMA200-42.88%
Trades-

Technical

Shs Outstand379.63M
Shs Float366.22M
Short Float22.52%
Short Ratio5.32
Short Interest82.46M
52W High32.39 -67.12%
52W Low8.48 25.59%
Volatility13.62% 7.96%
ATR (14)0.96
RSI (14)40.54
Beta2.34
Rel Volume0.94
Avg Volume15.50M
Volume14,617,325

Performance

Perf Week2.60%
Perf Month-20.40%
Perf Quarter-49.04%
Perf Half Y-50.33%
Perf YTD-59.27%
Perf Year-63.26%
Perf 3Y1378.96%
Perf 5Y8.34%
Perf 10Y-
Recom1.47
Target Price24.05
Prev Close10.48
Price10.65
Change %1.62%

Analyst ratings

latest 10 of 17
DateActionAnalystRating changeTargetImplied
Aug 21, 2026InitiatedBBMO Capital MarketsOutperform$35+228.6%
Aug 03, 2026ResumedWWedbushOutperform$40+275.6%
Jul 27, 2026InitiatedTThe Benchmark CompanyBuy$30+181.7%
Jun 02, 2026ReiteratedRRoth CapitalBuy$30 → $40+275.6%
Apr 20, 2026InitiatedNNorthland CapitalMarket Perform$22+106.6%
Feb 12, 2026InitiatedTTD CowenBuy
Dec 17, 2025InitiatedWWedbushOutperform$35+228.6%
Dec 11, 2025InitiatedMMizuhoOutperform$46+331.9%
Dec 03, 2025InitiatedEEvercore ISIOutperform$44+313.1%
Aug 05, 2025InitiatedSStifelBuy$26+144.1%

Peers

Mkt cap
TickerCompanyMkt cap
RGTIRigetti Computing Inc3.71B
IONQIonQ Inc14.73B
IQMXIQM Quantum Computers Oyj ADR1.42B
QUBTQuantum Computing Inc1.40B
PSQLPasqal Holding SA959.57M
INFQInfleqtion Inc2.12B
XNDUXanadu Quantum Technologies Ltd852.30M
IBMInternational Business Machines Corp234.60B
HQHorizon Quantum Holdings Ltd690.30M
GOOGLAlphabet Inc3572.96B

Insider trading

latest 14 of 73
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
DiLullo John DDirectorSep 08 '26Sale18.001,10019,80120,210Sep 09 05:09 PM
John D. DiLulloDirectorSep 08 '26Proposed Sale16.582,20036,476Sep 08 05:46 PM
AMES SOPHIE CExec. Vice President & CHROJul 20 '26Sale16.953,07052,042589,009Jul 21 05:58 PM
Sophie C. AmesOfficerJul 20 '26Proposed Sale16.733,07051,361Jul 20 06:02 PM
Ghai RohitDirectorJun 15 '26Sale26.4113,518357,05523,617Jun 16 05:34 PM
Markovich John M.Chief Financial OfficerJun 15 '26Sale25.71200,0005,143,0001,142,820Jun 16 05:15 PM
Markovich John M.Chief Financial OfficerJun 12 '26Sale24.0146,0431,105,4921,342,820Jun 16 05:15 PM
John M. MarkovichAffiliateJun 12 '26Proposed Sale23.82246,0435,860,744Jun 12 06:33 PM
BARATZ ALAN EPresident & CEOJun 08 '26Option Exercise0.89687,627612,0943,987,398Jun 10 04:07 PM
BARATZ ALAN EPresident & CEOJun 08 '26Sale26.13687,62717,967,6943,299,771Jun 10 04:07 PM
Markovich John M.Chief Financial OfficerJun 08 '26Sale26.2450,9791,337,6891,388,933Jun 10 04:07 PM
Markovich John M.Chief Financial OfficerJun 09 '26Sale26.54701,8581,388,863Jun 10 04:07 PM
John M. MarkovichAffiliateJun 09 '26Proposed Sale25.83701,808Jun 09 05:59 PM
John M. MarkovichAffiliateJun 08 '26Proposed Sale25.8350,9791,316,788Jun 08 05:20 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 687.42B
VBVanguard Morningstar Small-Cap ETFAUM: 79.59B
IWMiShares Russell 2000 Index FundAUM: 77.38B
VGTVanguard Information Technology ETFAUM: 138.05B
VBKVanguard Morningstar Small-Cap Growth ETFAUM: 22.34B
VXFVanguard Extended Market Index ETFAUM: 30.47B
IWOiShares Russell 2000 Growth ETFAUM: 14.06B
VTWOVanguard Russell 2000 Index ETFAUM: 16.75B
QTUMDefiance Quantum ETFAUM: 4.80B
SCHASchwab U.S. Small-Cap ETFAUM: 22.25B

News

latest 14 of 100

Quarterly earnings

actual against estimate
PeriodReportedEPS actEPS estEPS repSales actSales estAnalysts
2026Q32026-11-10-0.102-0.100-0.1304.514.3616
2026Q22026-08-06-0.100-0.085-0.1303.084.0315
2026Q12026-05-12-0.028-0.077-0.0502.864.1913
2025Q42026-02-26-0.090-0.063-0.1202.753.7414
2025Q32025-11-06-0.050-0.066-0.4093.743.039
2025Q22025-08-07-0.080-0.051-0.5543.102.549
2025Q12025-05-08-0.020-0.036-0.01915.0010.505
2024Q42025-03-13-0.080-0.064-0.3692.312.235
2024Q32024-11-14-0.072-0.077-0.1131.872.566
2024Q22024-08-08-0.084-0.079-0.1032.182.826
2024Q12024-05-13-0.074-0.075-0.1072.473.016
2023Q42024-03-28-0.063-0.084-0.1012.914.695
2023Q32023-11-09-0.120-0.128-0.1212.562.895
2023Q22023-08-10-0.200-0.133-0.2031.712.034
2023Q12023-05-19-0.145-0.108-0.2001.582.354
2022Q42023-04-14-0.100-0.133-0.1322.402.693

Annual earnings

PeriodEPS actEPS estEPS repSales actSales est
2022FY-0.430-0.443-0.4497.177.53
2023FY-0.424-0.464-0.5998.7610.57
2024FY-0.390-0.316-0.7498.838.75
2025FY-0.260-0.210-1.11024.5925.58
2026FY--0.288--36.78
2027FY--0.380--76.01
2028FY--0.342--143.33
2029FY--0.248--315.48
2030FY--0.017--452.45

Estimate revisions

last 14 periods
PeriodTypeDateEstimatesUpDownMeanLowHigh
2026Q4S2026-11-10163927.0717.9236.00
2026Q4S2026-11-03161032.3620.8344.60
2026Q4S2026-10-28160032.1620.8344.60
2026Q4S2026-10-21160032.1620.8344.60
2026Q4S2026-10-20160032.1620.8344.60
2026Q4S2026-10-071614032.1620.8344.60
2026Q4S2026-09-181614032.1620.8344.60
2026Q4S2026-08-251614032.1620.8344.60
2026Q4S2026-08-191614032.1721.0044.60
2026Q4S2026-08-061514032.9123.3044.60
2026Q4S2026-07-31150021.8316.6432.40
2026Q4S2026-07-26150021.8216.6032.40
2026Q4S2026-07-24159421.8216.6032.40
2026Q4S2026-06-17149421.7916.6032.40

Estimate history

EPS, annual-0.731-0.327-0.449-0.599-0.749-1.105-0.4282
Period202020212022202320242025TTM
EPS, quarterly-0.113-0.369-0.019-0.554-0.409-0.12-0.05-0.13-0.129
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Sales, annual06.2797.1738.7588.82724.58713.2
Period202020212022202320242025TTM
Sales, quarterly1.872.30915.0013.0953.7392.7522.8583.0764.513
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Shares, annual37.52.817113.336161.114266.596358.742372.011
Period202020212022202320242025MRQ
Shares, quarterly207.964266.596291.351339.838345.971358.742373.215372.011-
PeriodQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26

Income statement, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY
Total Revenue13.2024.598.838.767.176.280.00
Cost of Goods Sold Incl. D&A4.484.283.264.142.923.050.00
Gross Profit8.7220.315.564.624.253.230.00
Selling, General and Administrative Excl. Other195.13120.6782.7985.1763.7142.180.34
Research and Development94.5250.7335.3037.8832.1025.40-
Other Operating Expense-0.000.000.000.000.000.00
Operating Income-196.33-100.37-77.22-80.55-59.46-38.95-0.34
Interest Expense4.244.013.900.042.334.010.00
Unusual Expense10.58270.5468.891.22-6.170.0026.73
Net Income Before Taxes-185.42-355.06-143.88-82.72-53.70-40.97-27.41
Income Taxes-28.380.000.000.000.000.000.00
Consolidated Net Income-156.91-355.06-143.88-82.72-53.70-40.97-27.41
Net Income From Continuing Operations-156.91-355.06-143.88-82.72-53.70-40.97-27.41
Net Income-156.91-355.06-143.88-82.72-53.70-40.97-27.41
EPS (Recurring)-0.40-0.52-0.50-0.59-0.48-0.33-0.23
EPS (Basic, Before Extraordinaries)-0.43-1.11-0.75-0.60-0.45-0.33-0.73
EPS (Diluted)-0.43-1.11-0.75-0.60-0.45-0.33-0.73
EBITDA-181.07-98.06-75.29-78.70-57.12-36.35-0.34
Non-Operating Income (Expense)25.7319.866.13-0.921.921.99-0.33
Other After Tax Adjustments-0.000.000.000.000.000.00
Stock Option Compensation Expense21.0122.6615.6621.929.161.74-
Price To Earnings Ratio--59.8559.8559.85--
Price To Sales Ratio469.66341.62182.8313.8724.02196.03-
Gross Margin66.0882.5963.0252.7759.2551.41-
Operating Margin-1,487.43-408.22-874.85-919.68-828.91-620.29-
Net Margin-1,188.79-1,444.10-1,629.99-944.45-748.67-652.54-
Shares Outstanding-358.74266.60161.11113.342.8237.50
Market Capitalization3,978.493,978.49324.75324.75324.75368.25367.50

Income statement, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q4
Total Revenue4.513.082.862.753.743.1015.002.31
Cost of Goods Sold Incl. D&A2.136.115.190.971.071.121.120.84
Gross Profit2.39-3.03-2.331.782.671.9813.881.47
Selling, General and Administrative Excl. Other55.8750.2552.4036.6230.4128.4825.1721.70
Research and Development31.5423.5125.7913.6814.0712.6910.299.75
Other Operating Expense-0.000.000.000.000.000.000.00
Operating Income-53.48-53.28-54.73-34.84-27.74-26.50-11.29-20.23
Interest Expense0.350.260.263.380.200.210.230.42
Unusual Expense0.000.000.0010.58121.86142.05-3.9468.27
Net Income Before Taxes-48.27-48.02-46.81-42.33-139.99-167.33-5.42-86.08
Income Taxes0.070.01-28.450.000.000.000.000.00
Consolidated Net Income-48.20-48.03-18.36-42.33-139.99-167.33-5.42-86.08
Net Income From Continuing Operations-48.20-48.03-18.36-42.33-139.99-167.33-5.42-86.08
Net Income-48.20-48.03-18.36-42.33-139.99-167.33-5.42-86.08
EPS (Recurring)-0.13-0.13-0.05-0.10-0.16-0.22-0.03-0.16
EPS (Basic, Before Extraordinaries)-0.13-0.13-0.05-0.12-0.41-0.55-0.02-0.37
EPS (Diluted)-0.13-0.13-0.05-0.12-0.41-0.55-0.02-0.37
EBITDA-48.14-48.19-50.58-34.16-27.17-26.00-10.74-19.66
Non-Operating Income (Expense)5.575.518.186.479.811.432.152.85
Other After Tax Adjustments-0.000.000.000.000.000.000.00
Stock Option Compensation Expense0.368.786.345.546.466.673.993.93
Price To Earnings Ratio-------59.85
Price To Sales Ratio469.66716.01426.12375.37350.23198.68101.90221.73
Gross Margin52.87-98.47-81.6064.8371.3863.8492.5163.79
Operating Margin-1,185.07-1,732.05-1,914.87-1,265.95-741.80-856.28-75.27-876.22
Net Margin-1,067.96-1,561.38-642.30-1,538.01-3,743.94-5,406.43-36.14-3,727.89
Shares Outstanding-372.01373.21358.74345.97339.84291.35266.60
Market Capitalization3,978.498,886.985,337.869,155.698,451.264,574.622,214.25324.75

Balance sheet, annual

Currency USD, millions
Metric2025FY2024FY2023FY2022FY2021FY2020FY
Cash & Short Term Investments884.48177.9841.317.079.481.08
Short Term Receivables4.681.421.741.082.070.00
Inventories2.781.692.082.202.110.00
Other Current Assets4.293.951.923.581.100.39
Total Current Assets896.23185.0447.0513.9314.771.47
Net Property, Plant & Equipment14.3611.3910.7711.4311.830.00
Total Investments and Advances2.392.571.171.171.17300.06
Intangible Assets0.920.490.180.240.270.00
Other Assets1.920.350.190.181.430.00
Total Assets915.81199.8559.3626.9529.47301.53
Short Term Debt Incl. Current Port. of LT Debt1.581.861.773.822.120.00
Accounts Payable0.950.811.473.762.110.00
Other Current Liabilities18.6227.478.018.476.220.27
Total Current Liabilities21.1530.1411.2516.0410.450.27
Long Term Debt41.8836.5270.8838.4737.300.00
Provision for Risks Charges0.000.000.000.000.000.00
Other Liabilities0.5670.551.711.900.0749.20
Total Liabilities63.58137.2183.8456.4147.8249.47
Non-Equity Reserves0.000.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.00189.880.00
Common Equity852.2362.65-24.48-29.46-208.24252.06
Total Shareholders Equity852.2362.65-24.48-29.46-18.36252.06
Accumulated Minority Interest0.000.000.000.000.000.00
Total Equity852.2362.65-24.48-29.46-18.36252.06
Total Liabilities & Stockholders Equity915.81199.8559.3626.9529.47301.53
Book Value Per Share2.380.23-0.15-0.26-73.916.72
Tangible Book Value Per Share2.370.23-0.15-0.26-74.016.72
Full-Time Employees38822020021533
Price to Book Ratio3.601.191.191.191.331.33
Return on Assets-63.65-111.01-191.69-32.80-24.76-
Return on Equity-77.62-753.98--43.51-35.06-
Return on Invested Capital-39.71-145.09-178.28-596.29-216.24-10.87
Quick Ratio42.256.084.000.731.215.46
Current Ratio42.386.144.180.871.415.46

Cash flow, annual

Currency USD, millions
MetricTTM2025FY2024FY2023FY2022FY2021FY2020FY
Net Income-156.91-355.06-143.88-82.72-53.70-40.97-27.41
Depreciation15.252.311.931.842.332.60-
Other Funds (Non Cash)43.45295.4478.4422.923.124.7627.06
Funds from Operations-126.58-57.31-63.51-57.95-48.25-33.62-0.34
Extraordinary Item-0.000.000.000.000.000.00
Changes in Working Capital-0.82-14.6720.86-2.703.02-1.19-0.12
Cash from Operating Activities-127.40-71.98-42.64-60.65-45.23-34.80-0.46
Capital Expenditures-15.39-4.31-2.40-0.63-0.50-2.000.00
Net Assets From Acquisitions-252.820.000.000.000.000.000.00
Sale of Fixed Assets and Businesses-0.000.000.000.000.000.00
Purchase or Sale of Investments-223.25-247.790.250.000.000.00-300.00
Purchase of Investments-470.48-247.790.000.000.000.00-300.00
Sale Or Maturity of Investments247.220.000.250.000.000.000.00
Other Uses-0.00-1.000.000.000.000.00
Other Sources0.000.960.000.000.000.000.00
Cash from Investing Activities-491.46-251.13-3.14-0.63-0.50-2.00-300.00
Cash Dividends Paid-0.000.000.000.000.000.00
Change in Capital Stock69.39789.65215.9666.0642.000.09301.55
Repurchase of Common Pref Stock-0.000.000.000.000.000.00
Sale of Common Pref Stock69.39789.65215.9666.0642.000.09301.55
Proceedsfrom Stock Options0.24575.30214.6264.1740.000.00293.55
Issuance or Reduction of Debt, Net-0.14-0.24-30.3726.75-3.72-0.320.00
Change in Long Term Debt-0.14-0.24-30.3727.17-3.72-0.320.00
Issuance of Long Term Debt-0.160.0029.0120.000.110.00
Reduction of Long Term Debt-0.14-0.41-30.37-1.84-23.72-0.430.00
Net Financing Active Other Cash Flow-7.30-10.26-3.142.824.9825.150.00
Other Financing Activities Uses-14.36-10.26-3.14-0.42-6.530.000.00
Cash from Financing Activities61.91779.15182.4595.6443.2724.91301.55
Exchange Rate Effect0.091.330.01-0.120.040.03-
Net Change in Cash-556.87457.37136.6734.24-2.42-11.851.08
Free Cash Flow-142.01-75.84-44.75-61.23-45.65-36.57-0.46
Preferred Dividends (Cash Flow)-0.000.000.000.000.000.00
Deferred Taxes & Investment Tax Credit-0.000.000.000.000.000.00

Balance sheet, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Cash & Short Term Investments503.36546.22588.39884.48836.23819.31
Short Term Receivables3.544.8710.654.684.421.44
Inventories6.383.492.922.782.832.45
Other Current Assets11.206.025.154.294.655.34
Total Current Assets524.47560.59607.11896.23848.14828.54
Net Property, Plant & Equipment40.6234.1225.4014.3612.3211.42
Total Investments and Advances-4.234.232.393.402.57
Intangible Assets551.01554.40557.870.920.800.59
Other Assets7.155.085.211.921.150.48
Total Assets1,123.241,158.431,199.82915.81865.82843.60
Short Term Debt Incl. Current Port. of LT Debt3.401.401.691.581.641.60
Accounts Payable2.244.521.710.950.991.19
Other Current Liabilities24.6621.3724.9518.6212.8816.49
Total Current Liabilities30.3027.2928.3621.1515.5119.27
Long Term Debt53.4846.7145.1341.8838.1638.38
Provision for Risks Charges-0.000.000.000.000.00
Other Liabilities2.191.322.080.56141.6091.69
Total Liabilities85.9775.3275.5663.58195.27149.35
Non-Equity Reserves-0.000.000.000.000.00
Preferred Stock - Carrying Value0.000.000.000.000.000.00
Common Equity1,037.271,083.111,124.25852.23670.55694.25
Total Shareholders Equity1,037.271,083.111,124.25852.23670.55694.25
Accumulated Minority Interest-0.000.000.000.000.00
Total Equity1,037.271,083.111,124.25852.23670.55694.25
Total Liabilities & Stockholders Equity1,123.241,158.431,199.82915.81865.82843.60
Book Value Per Share-2.913.012.381.942.04
Tangible Book Value Per Share-1.421.522.371.942.04
Full-Time Employees---388--
Price to Book Ratio3.607.966.0713.4912.1020.57
Return on Assets-15.78-24.84-48.25-63.65-87.14-62.19
Return on Equity-18.38-27.98-55.27-77.62-122.03-83.70
Return on Invested Capital-4.42-4.25-1.57-4.73-19.75-22.84
Quick Ratio17.1020.4221.3142.2554.4942.86
Current Ratio17.3120.5521.4142.3854.6842.99

Cash flow, quarterly

Currency USD, millions
Metric2026Q32026Q22026Q12025Q42025Q32025Q2
Net Income-48.20-48.03-18.36-42.33-139.99-167.33
Depreciation5.345.084.150.680.570.51
Other Funds (Non Cash)9.2512.794.3517.06126.96150.82
Funds from Operations-33.61-30.16-38.22-24.59-12.46-16.00
Extraordinary Item-0.000.000.000.000.00
Changes in Working Capital-1.951.65-6.746.22-6.590.71
Cash from Operating Activities-35.56-28.50-44.96-18.37-19.05-15.29
Capital Expenditures-7.72-4.64-1.24-1.78-1.21-0.82
Net Assets From Acquisitions0.00-2.00-250.820.000.000.00
Sale of Fixed Assets and Businesses-0.000.000.000.000.00
Purchase or Sale of Investments26.41-1.880.00-247.790.000.00
Purchase of Investments-73.58-149.120.00-247.790.000.00
Sale Or Maturity of Investments99.98147.240.000.000.000.00
Other Uses-0.000.000.000.000.00
Other Sources0.000.000.000.000.000.96
Cash from Investing Activities18.69-8.52-252.06-249.57-1.210.14
Cash Dividends Paid-0.000.000.000.000.00
Preferred Dividends (Cash Flow)-0.000.000.000.000.00
Change in Capital Stock-0.162.24-0.1167.4241.23534.86
Repurchase of Common Pref Stock-0.000.000.000.000.00
Sale of Common Pref Stock-0.162.24-0.1167.4241.23534.86
Proceedsfrom Stock Options-0.330.00-0.200.77-99.32527.74
Issuance or Reduction of Debt, Net-0.03-0.04-0.03-0.040.16-0.36
Change in Long Term Debt-0.03-0.04-0.03-0.040.16-0.36
Issuance of Long Term Debt-0.000.000.000.160.00
Reduction of Long Term Debt-0.03-0.04-0.03-0.040.00-0.36
Net Financing Active Other Cash Flow-0.14-6.880.00-0.27-4.32-5.15
Other Financing Activities Uses-7.21-6.880.00-0.27-4.32-5.15
Cash from Financing Activities-0.38-4.68-0.1467.1137.08529.35
Exchange Rate Effect-0.020.140.02-0.050.100.79
Net Change in Cash-17.28-41.55-297.15-200.8816.92514.99
Free Cash Flow-43.00-32.94-46.04-20.03-20.06-16.04

Revenue breakdown

Product and Service, Other2024: 144.00K 2025: 168.00K
Professional Services2024: 1.94M 2025: 2.72M
Quantum Computing as a Service2024: 6.75M 2025: 5.52M
System Sales2025: 16.18M
Canada2024: 1.10M 2025: 878.00K
Germany2024: 1.89M 2025: 16.77M
Japan2024: 1.13M 2025: 1.32M
Other countries2024: 1.77M 2025: 2.01M
Switzerland2024: 778.00K 2025: 960.00K
United States2024: 2.15M 2025: 2.65M

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-3022.52%82.5M366.2M15.58M
2026-10-1521.60%79.1M366.2M16.76M
2026-09-3019.37%70.9M366.0M17.03M
2026-09-1518.55%68.0M366.4M19.01M
2026-08-3119.89%71.5M359.3M22.66M
2026-08-1418.63%67.0M359.3M28.69M
2026-07-3118.34%65.9M359.3M30.59M
2026-07-1518.21%65.1M357.4M33.44M
2026-06-3017.69%63.2M357.3M34.97M
2026-06-1515.60%55.7M357.3M33.41M
2026-05-2915.30%54.6M357.0M31.25M
2026-05-1514.12%50.3M356.4M26.80M
2026-04-3014.63%52.2M356.9M26.83M
2026-04-1514.56%52.0M357.1M27.22M
2026-03-3116.42%58.8M357.9M29.17M
2026-03-1315.19%54.4M357.9M31.80M
2026-02-2715.01%53.7M357.9M32.96M
2026-02-1314.60%52.7M360.9M34.14M
2026-01-3015.85%57.2M361.2M36.15M
2026-01-1512.97%46.9M361.2M40.15M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call1.008.659.809.6423.52344.001420.998-0.0210.000
call2.007.758.808.6516.13051.002220.997-0.0220.000
call3.006.707.907.7214.04752.001130.995-0.0220.000
call4.005.907.356.6916.2598.0024.000.994-0.0210.000
call5.005.006.155.8211.17213.001.000.992-0.0210.000
call6.004.105.204.659.36013.008.000.990-0.0200.000
call6.503.155.004.2210.1797.007.000.989-0.0200.000
call7.002.904.403.658.6117.006.000.987-0.0200.000
call7.502.753.653.126.37660.005.000.985-0.0190.000
call8.002.033.102.625.34022.006.000.982-0.0190.000
call8.501.442.582.304.51698.003.000.979-0.0180.000
call9.001.391.891.602.92722045.000.943-0.0380.001
call9.500.451.241.061.79318947.000.925-0.0340.001
call10.000.650.740.721.25161286.000.800-0.0650.002
call10.500.330.390.311.0982,0074730.587-0.0910.003
call11.000.130.160.160.9891,5971,8830.349-0.0810.003
call11.500.040.070.051.0772,7958030.201-0.0710.002
call12.000.020.030.031.1553,1411,1890.079-0.0350.001
call12.500.010.020.021.4453,0531850.065-0.0380.001
call13.000.000.020.011.4062,4911250.026-0.0170.000
call13.500.000.010.011.6821,71087.000.022-0.0180.000
call14.000.000.030.011.8291,95291.000.021-0.0190.000
call14.500.000.020.012.0231,6236.000.019-0.0190.000
call15.000.000.010.012.2041,33621.000.017-0.0200.000
call15.500.000.010.012.2182910.000.017-0.0180.000
call16.000.000.020.032.4136380.000.016-0.0190.000
call16.500.000.010.012.26786.000.000.014-0.0140.000
call17.000.000.020.022.7201180.000.014-0.0200.000
call17.500.000.020.013.06176.002.000.013-0.0210.000
call18.000.000.010.012.9366130.000.013-0.0190.000
call18.500.000.020.053.1651150.000.012-0.0200.000
call19.000.000.020.013.2682860.000.012-0.0210.000
call19.500.000.020.013.39381.000.000.012-0.0210.000
call20.000.000.020.023.5141150.000.011-0.0210.000
call20.500.000.020.023.6322080.000.011-0.0210.000
call21.000.000.020.013.9271120.000.011-0.0230.000
call21.500.000.020.033.3395.000.000.010-0.0150.000
call22.000.000.500.013.4287.000.000.010-0.0150.000
call22.500.000.020.003.9920.000.000.010-0.0220.000
call23.000.000.010.053.60116.000.000.010-0.0150.000
call24.000.002.130.044.5692.000.000.009-0.0240.000
call25.000.000.850.014.7611.001.000.009-0.0240.000
call26.000.000.400.054.9451.000.000.009-0.0240.000
call30.000.000.010.565.3160.000.000.008-0.0230.000
put1.000.000.260.6614.3262.000.00-0.002-0.0210.000
put2.000.000.010.678.0782.000.00-0.004-0.0140.000
put3.000.000.010.107.3165.000.00-0.005-0.0190.000
put4.000.000.010.105.7436.000.00-0.006-0.0190.000
put5.000.000.020.004.7260.000.00-0.008-0.0200.000
put6.000.000.750.023.67563.000.00-0.010-0.0200.000
put6.500.002.130.033.2114.000.00-0.011-0.0190.000
put7.000.000.010.012.6762271.00-0.013-0.0170.000
put7.500.000.610.162.3702211.00-0.015-0.0180.000
put8.000.000.030.031.9847880.00-0.018-0.0180.000
put8.500.000.010.011.57528614.00-0.022-0.0160.000
put9.000.010.030.011.55095889.00-0.056-0.0350.001
put9.500.010.030.031.1525691,757-0.075-0.0330.001
put10.000.070.090.071.0761,303217-0.200-0.0640.002
put10.500.190.250.241.1401,108144-0.413-0.0890.003
put11.000.440.570.601.211809286-0.651-0.0800.003
put11.500.471.290.972.5452,92234.00-0.799-0.0700.002
put12.000.901.941.333.5803,18484.00-0.921-0.0340.001
put12.501.442.501.834.2569336.00-0.935-0.0370.001
put13.001.853.152.315.2171207.00-0.974-0.0160.000
put13.502.343.403.004.6891831.00-0.977-0.0170.000
put14.002.924.003.265.42943.004.00-0.979-0.0170.000
put14.503.205.104.107.58331.000.00-0.981-0.0180.000
put15.003.905.004.606.08396.009.00-0.983-0.0180.000
put15.503.506.855.308.41410.000.00-0.984-0.0180.000
put16.005.156.055.356.8641932.00-0.985-0.0190.000
put16.505.706.505.946.93343.002.00-0.985-0.0190.000
put17.005.507.606.209.45517.001.00-0.986-0.0190.000
put17.506.258.106.639.7172.001.00-0.987-0.0190.000
put18.006.808.557.249.78733.001.00-0.987-0.0200.000
put18.507.309.107.849.8442.000.00-0.988-0.0200.000
put19.007.759.008.368.1050.001.00-0.988-0.0200.000
put19.508.459.458.738.0911.002.00-0.988-0.0200.000
put20.008.9510.009.478.5105.006.00-0.989-0.0200.000
put20.509.2510.5510.498.9202.002.00-0.989-0.0200.000
put21.009.6510.9511.078.6631.002.00-0.989-0.0210.000
put21.5010.2511.5011.499.0672.001.00-0.990-0.0210.000
put22.0010.8512.0012.089.2403.002.00-0.990-0.0210.000
put22.5011.3012.4011.728.9421.001.00-0.990-0.0210.000
put23.0012.0512.6012.907.4145.002.00-0.990-0.0210.000
put24.0012.9514.0014.009.8836.002.00-0.991-0.0210.000
put25.0013.7515.0514.9210.4071.001.00-0.991-0.0210.000
put26.0014.7515.9015.179.9720.001.00-0.991-0.0220.000
put30.0018.7519.9019.1810.9450.002.00-0.992-0.0220.000

Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-108-KCurrent report2026-11-10SEC
2026-11-048-KCurrent report2026-11-04SEC
2026-10-304Statement of changes in beneficial ownership of securities2026-08-13SEC
2026-10-303Initial statement of beneficial ownership of securities2026-08-13SEC
2026-10-288-KCurrent report2026-10-28SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-164Statement of changes in beneficial ownership of securities2026-10-15SEC
2026-10-144Statement of changes in beneficial ownership of securities2026-09-18SEC
2026-10-143Initial statement of beneficial ownership of securities2026-09-18SEC
2026-10-018-KCurrent report2026-10-01SEC
2026-09-244Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-223Initial statement of beneficial ownership of securities2026-09-02SEC
2026-09-228-K/A2026-08-19SEC
2026-09-218-KCurrent report2026-09-18SEC
2026-09-178-KCurrent report2026-09-16SEC
2026-09-164Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-164Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-164Statement of changes in beneficial ownership of securities2026-09-15SEC
2026-09-158-KCurrent report2026-09-15SEC
2026-09-108-KCurrent report2026-09-10SEC
2026-09-10424B7SEC
2026-09-098-K/A2026-09-04SEC
2026-09-094Statement of changes in beneficial ownership of securities2026-09-08SEC
2026-09-08144Filing for proposed sale of securities under Rule 144.SEC
2026-09-088-KCurrent report2026-09-04SEC
2026-08-258-KCurrent report2026-08-19SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-17SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-17SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110000
2026-100000
2026-090019.80K1
2026-080000
2026-070052.04K1
2026-060026.19M8
2026-050010.55M3
2026-040065.55K1
2026-0300553.62K4
2026-020028.67K1
2026-01001.94M4
2025-120033.14M9
2025-111.79K134.57M5

Institutional holders

Manager% owned
BlackRock, Inc.8.95%
VANGUARD PORTFOLIO MANAGEMENT LLC5.94%
VANGUARD CAPITAL MANAGEMENT LLC4.30%
UBS Group AG2.92%
GEODE CAPITAL MANAGEMENT, LLC2.51%
STATE STREET CORP2.44%
Clear Street Group Inc.1.68%
NORGES BANK1.21%
BANK OF AMERICA CORP /DE/1.17%
NORTHERN TRUST CORP0.91%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND2.99%
iShares Russell 2000 ETF2.56%
VANGUARD SMALL-CAP INDEX FUND2.16%
VANGUARD INFORMATION TECHNOLOGY INDEX FUND1.46%
VANGUARD SMALL-CAP GROWTH INDEX FUND1.24%
VANGUARD EXTENDED MARKET INDEX FUND1.14%
Tradr 2X Long QBTS Daily ETF1.10%
Fidelity Small Cap Index Fund1.09%
iShares Russell 2000 Growth ETF0.92%
Defiance Quantum ETF0.77%

OakChart. QBTS. Cached 15 minutes.