D-Wave Quantum Inc.(QBTS)Stock Analysis
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Rank #2,573 of 2,960 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
QBTS Stock Analysis & AI Quality Score
Data updated 2026-09-11AI stock analysis and institutional research for D-Wave Quantum Inc. (QBTS), a Technology sector company. 13F Pro's AI-powered ranking engine scores QBTS at 27.9/100 on a 32-signal composite quality model, placing it at rank #2,573 of 2,960 stocks — the bottom half of the AI-ranked universe. QBTS scores in the top quartile across institutional flow (86.7), revenue growth (77.1). Areas of concern include profitability (1.7) and free cash flow (1.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 3.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), D-Wave Quantum Inc. reports quarterly revenue of $3.1M, net income of $-48.0M, free cash flow of $-32.9M. Top institutional holders of QBTS by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. QBTS trades on the Nasdaq exchange and files with the SEC under CIK 1907982. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate QBTS daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for D-Wave Quantum Inc. directly from SEC EDGAR. D-Wave Quantum Inc.'s 13F Pro composite quality score has ranged between 20 and 28 since 2025, currently 27.9 — an improving long-term trajectory across 52 quarterly and live scoring snapshots.
Revenue
Q2 2026
$3.1M
Net Income
Q2 2026
$-48.0M
Free Cash Flow
Q2 2026
$-32.9M
ROIC
Q2 2026
-19.1%
D/E Ratio
Q2 2026
0.03
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+178.5% YoYNet Income
-146.8% YoYOperating Income
-30.0% YoYEPS (Diluted)
-48.0% YoYTotal Assets
+358.2% YoYTotal Debt
+18.9% YoYOp. Cash Flow
-68.8% YoYFree Cash Flow
-69.5% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $24.6M +178.5% | $8.8M +0.8% | $8.8M +22.1% | $7.2M +14.2% | $6.3M +21.7% | $5.2M |
| Net Income | $-355.1M -146.8% | $-143.9M -73.9% | $-82.7M -54.0% | $-53.7M -31.1% | $-41.0M -86.5% | $-22.0M |
| Operating Income | $-100.4M -30.0% | $-77.2M +4.1% | $-80.5M -35.5% | $-59.5M -52.7% | $-38.9M -23.8% | $-31.5M |
| EPS (Diluted) | $-1.11 -48.0% | $-0.75 -25.0% | $-0.60 -33.3% | $-0.45 -4400.0% | $-0.01 -92.3% | $-0.01 |
| Total Assets | $915.8M +358.2% | $199.9M +236.7% | $59.4M +120.3% | $26.9M -8.6% | $29.5M -17.7% | $35.8M |
| Total Debt | $35.8M +18.9% | $30.1M -52.8% | $63.9M +472.5% | $11.2M -63.5% | $30.5M +1798.9% | $1.6M |
| Operating Cash Flow | $-72.0M -68.8% | $-42.6M +29.7% | $-60.6M -34.1% | $-45.2M -30.0% | $-34.8M -18.8% | $-29.3M |
| Free Cash Flow | $-75.8M -69.5% | $-44.7M +26.9% | $-61.2M -34.1% | $-45.6M -24.8% | $-36.6M -21.8% | $-30.0M |
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Top Institutional Holders of QBTS
BlackRock, Inc.
$795.2M33,147,399 shVANGUARD PORTFOLIO MANAGEMENT LLC
$528.3M22,021,534 shVANGUARD CAPITAL MANAGEMENT LLC
$382.4M15,940,671 shUBS Group AG
$279.4M11,645,700 shGEODE CAPITAL MANAGEMENT, LLC
$222.4M9,270,389 shSTATE STREET CORP
$216.6M9,029,667 shClear Street Group Inc.
$148.9M6,206,861 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$133.3M5,556,000 shSUSQUEHANNA INTERNATIONAL GROUP, LLP
$123.3M5,139,100 shJANE STREET GROUP, LLC
$108.7M4,530,700 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $795.2M | 33,147,399 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $528.3M | 22,021,534 |
| VANGUARD CAPITAL MANAGEMENT LLC | $382.4M | 15,940,671 |
| UBS Group AG | $279.4M | 11,645,700 |
| GEODE CAPITAL MANAGEMENT, LLC | $222.4M | 9,270,389 |
| STATE STREET CORP | $216.6M | 9,029,667 |
| Clear Street Group Inc. | $148.9M | 6,206,861 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $133.3M | 5,556,000 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $123.3M | 5,139,100 |
| JANE STREET GROUP, LLC | $108.7M | 4,530,700 |
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Similarity is computed from the 8 composite sub-scores and latest-quarter 13F conviction holdings (index-style filers excluded). Refreshed monthly.
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Popular Research
Is QBTS a good stock to buy?
13F Pro's AI-powered analysis of D-Wave Quantum Inc. (QBTS) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for QBTS are available on the QBTS stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. QBTS is classified as a mid company.
Which hedge funds own QBTS?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling QBTS. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of D-Wave Quantum Inc.'s investment landscape.