Share Price | D-Wave Quantum, Inc. Stock Analysis & Recommendation

Q: What does D-Wave Quantum, Inc. do?

Overview: D-Wave Quantum, Inc. operates in the IT - Hardware industry and is classified as a micro-cap company.Financial Snapshot: Most recent Net Sales: 15 Million (Quarterly Results - Mar 2025) Most recent Net Profit: -5 Million (Quarterly Results - Mar 2025) Market-cap: USD 4,858.97 Million (Micro Cap)Key Metrics: P/E: NA (Loss Making) Industry P/E: NA Dividend Yield: 0.00% Debt Equity: -1.31 Return on Equity: -33.03% Price to Book: 23.43Contact Details: Registrar Address: Not available.

Q: Is D-Wave Quantum, Inc. overvalued or undervalued?

As of 9 August 2022, the valuation grade for D-Wave Quantum, Inc. moved from does not qualify to risky. The company is currently overvalued given its financial metrics. The P/E ratio is not applicable due to losses, while the price to book value stands at 27.86, indicating a significant premium over its book value. Additionally, the EV to EBITDA ratio is a staggering -79.85, reflecting negative earnings before interest, taxes, depreciation, and amortization.In comparison to peers, D-Wave Quantum, Inc. exhibits a worse EV to EBITDA ratio than Rigetti Computing, Inc. at -47.2953 and One Stop Systems, Inc. at -7.1121. The negative return on equity of -33.03% further underscores the company's financial difficulties. While D-Wave has shown impressive year-to-date returns of 77.86%, its performance relative to the S&P 500, which returned only 2.44%, does not justify its current valuation, reinforcing the conclusion that it is overvalued.

Q: Is D-Wave Quantum, Inc. technically bullish or bearish?

As of 1 August 2025, the technical trend for D-Wave Quantum, Inc. has changed from bullish to mildly bullish. The current stance is mildly bullish, driven by bullish signals from the daily moving averages and the monthly Bollinger Bands, along with bullish indicators from Dow Theory on both weekly and monthly time frames. However, the weekly MACD and KST are mildly bearish, and the monthly RSI is bearish, indicating some mixed signals. In terms of performance, D-Wave Quantum has significantly outperformed the S&P 500 across multiple periods, with a year-to-date return of 185.95% compared to the S&P 500's 12.22%, and an astonishing 1-year return of 2387.57% versus 17.14% for the benchmark.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

6.33 M

Shareholding (Sep 2025)

FII

17.25%

Held by 84 FIIs

DII

60.04%

Held by 43 DIIs

Promoter

0.93%

How big is D-Wave Quantum, Inc.?

22-Jun-2025

As of Jun 18, D-Wave Quantum, Inc. has a market capitalization of 4,858.97 million, with net sales of 21.36 million and a net profit of -131.99 million over the latest four quarters. Shareholder's funds are 62.65 million, and total assets are 199.85 million.

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What does D-Wave Quantum, Inc. do?

22-Jun-2025

D-Wave Quantum, Inc. is a micro-cap company in the IT - Hardware industry, reporting net sales of $15 million and a net loss of $5 million as of March 2025. Key metrics include a market cap of approximately $4.86 billion, a P/E ratio of NA due to losses, and a dividend yield of 0%.

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Is D-Wave Quantum, Inc. overvalued or undervalued?

25-Jun-2025

As of August 9, 2022, D-Wave Quantum, Inc. is considered risky and overvalued due to a high price-to-book ratio of 27.86, a negative EV to EBITDA ratio of -79.85, and a negative return on equity of -33.03%, despite a year-to-date return of 77.86% that does not justify its valuation compared to the S&P 500's 2.44%.

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Is D-Wave Quantum, Inc. technically bullish or bearish?

20-Sep-2025

As of August 1, 2025, D-Wave Quantum, Inc. shows a mildly bullish trend with strong performance, boasting a year-to-date return of 185.95% compared to the S&P 500's 12.22%, despite mixed technical signals.

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Compare D-Wave Quantum, Inc. with Similar Stocks

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Score

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Strong Sell

Sell

Hold

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Strong Buy

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Dashboard

The company has declared positive results in Mar'2025 after 2 consecutive negative quarters

NET PROFIT(HY) Higher at USD -34.65 MM
RAW MATERIAL COST(Y) Fallen by -0.42% (YoY)
DEBTORS TURNOVER RATIO(HY) Highest at 14.79 times

Risky - Negative EBITDA

Market Beating performance in long term as well as near term

Mojo Parameters

Stock DNA

Industry

IT - Hardware

Market cap

USD 9,029 Million (Small Cap)

P/E

NA (Loss Making)

Industry P/E

Dividend Yield

0.00%

Debt Equity

-1.20

Return on Equity

-10.52%

Price to Book

13.46

Revenue and Profits:

Net Sales:

4 Million

(Quarterly Results - Sep 2025)

Net Profit:

-140 Million

Total Returns

Total Returns (Price + Dividend)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

347.52%

6 Months

342.74%

1 Year

1626.67%

2 Years

816.81%

3 Years

109.29%

4 Years

109.08%

5 Years

0.0%

D-Wave Quantum, Inc. for the last several years.

Risk Adjusted Returns v/s

News & Corporate Actions

News

No Recent News for the Company

Announcements

No announcement available

Corporate Actions

No corporate action available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

119.66%

EBIT Growth (5y)

-353.38%

EBIT to Interest (avg)

-19.07

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

-1.31

Sales to Capital Employed (avg)

-0.25

Tax Ratio

Dividend Payout Ratio

Pledged Shares

Institutional Holding

59.71%

ROCE (avg)

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

NA (Loss Making)

Industry P/E

Price to Book Value

27.86

EV to EBIT

-77.54

EV to EBITDA

-79.85

EV to Capital Employed

-85.10

EV to Sales

257.69

PEG Ratio

Dividend Yield

ROCE (Latest)

Negative Capital Employed

ROE (Latest)

-33.03%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Mildly Bearish

Bullish

RSI

No Signal

Bollinger Bands

Bearish

Mildly Bullish

Moving Averages

Mildly Bullish (Daily)

KST

Mildly Bearish

Bullish

Dow Theory

Mildly Bearish

OBV

Mildly Bullish

No Trend

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Majority shareholders

Domestic Funds

Held in 40 Schemes (21.78%)

Foreign Institutions

Held by 84 Foreign Institutions (17.25%)

Strategic Entities with highest holding

Highest Public shareholder

Financial

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    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Sep'25 - YoY",
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        "prefix": "Consolidated Net Profit ",
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        "Sep'24",
        "Change(%)"
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          "val2": "1.90",
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          "chgp_class": "negative"
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        {
          "field": "Interest",
          "val1": "0.20",
          "val2": "1.20",
          "chgp": "-83.33%",
          "chgp_class": "positive"
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        {
          "field": "Exceptional Items",
          "val1": "-121.90",
          "val2": "-1.10",
          "chgp": "-10,981.82%",
          "chgp_class": "negative"
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        {
          "field": "Consolidate Net Profit",
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          "val2": "-22.70",
          "chgp": "-516.74%",
          "chgp_class": "negative"
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        {
          "field": "Operating Profit Margin (Excl OI)",
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          "val2": "-11,035.30%",
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  },
  {
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    "rhs": [
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        "prefix": "Net Sales ",
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        "dir": -1
      },
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        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Dec 2024 is -74.00% vs -54.00% in Dec 2023",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'24",
        "Dec'23",
        "Change(%)"
      ],
      "body": [
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          "field": "Net Sales",
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          "val2": "8.80",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-75.30",
          "val2": "-78.70",
          "chgp": "4.32%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "3.90",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "-68.90",
          "val2": "-1.20",
          "chgp": "-5,641.67%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-143.90",
          "val2": "-82.70",
          "chgp": "-74.00%",
          "chgp_class": "negative"
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        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-8,748.50%",
          "val2": "-9,196.80%",
          "chgp": "44.83%",
          "chgp_class": "positive"
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]

Quarterly Results Snapshot (Consolidated) - Sep'25 - YoY

Sep'25

Sep'24

Change(%)

Net Sales

3.70

1.90

94.74%

Operating Profit (PBDIT) excl Other Income

-27.20

-20.20

-34.65%

Interest

0.20

1.20

-83.33%

Exceptional Items

-121.90

-1.10

-10,981.82%

Consolidate Net Profit

-140.00

-22.70

-516.74%

Operating Profit Margin (Excl OI)

-7,418.00%

-11,035.30%

361.73%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in quarter ended Sep 2025 is 94.74% vs -26.92% in Sep 2024

Consolidated Net Profit

YoY Growth in quarter ended Sep 2025 is -516.74% vs -40.99% in Sep 2024

All Quarterly Results

Annual Results Snapshot (Consolidated) - Dec'24

Dec'24

Dec'23

Change(%)

Net Sales

8.80

Operating Profit (PBDIT) excl Other Income

-75.30

-78.70

4.32%

Interest

3.90

0.00

Exceptional Items

-68.90

-1.20

-5,641.67%

Consolidate Net Profit

-143.90

-82.70

-74.00%

Operating Profit Margin (Excl OI)

-8,748.50%

-9,196.80%

44.83%

USD in Million.

Compare with Peers

Net Sales

YoY Growth in year ended Dec 2024 is 0.00% vs 22.22% in Dec 2023

Consolidated Net Profit

YoY Growth in year ended Dec 2024 is -74.00% vs -54.00% in Dec 2023

All Annual Results

Company CV

About D-Wave Quantum, Inc.

D-Wave Quantum, Inc.

IT - Hardware

No Details Available.

Company Coordinates

No Company Details Available

D-Wave Quantum, Inc.

1Day

52 Week

CASH

FII

DII

Promoter

How big is D-Wave Quantum, Inc.?

Watch in Real-Time

What does D-Wave Quantum, Inc. do?

Is D-Wave Quantum, Inc. overvalued or undervalued?

Is D-Wave Quantum, Inc. technically bullish or bearish?

Compare D-Wave Quantum, Inc. with Similar Stocks

MarketsMojo — Loved in India, Now Global

Dashboard

The company has declared positive results in Mar'2025 after 2 consecutive negative quarters

Risky - Negative EBITDA

Market Beating performance in long term as well as near term

Mojo Parameters

Stock DNA

Total Returns (Price + Dividend)

Risk Adjusted Returns v/s

News

Announcements

Corporate Actions

Quality key factors

Valuation key factors

Technicals key factors

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

Quarterly Results Snapshot (Consolidated) - Sep'25 - YoY

Annual Results Snapshot (Consolidated) - Dec'24

About D-Wave Quantum, Inc.

Company Coordinates