D-Wave Quantum Inc. (QBTS)
NasdaqGS · Price as of · Nasdaq Real Time Price
- Profitability6/20
Losing money but improving: $-151.0M over the last four reported quarters versus $-398.8M the year before.
- Insider buying vs selling11/20
Insiders are sellers only: 6 sells worth $6.7M, no open-market buys, across the last 20 Form 4s. Routine executive selling is common, so this is only a mild negative. Separately, 2 new 5%+ stake disclosures (13D/13G) hit in the last 6 months, which is big-money accumulation.
- Dilution and offerings6/15
Share count up 9.1% in a year plus 3 offering-related filings. Real dilution. One nuance: offerings raise cash that can fund real growth. The score docks the certain near-term dilution; if the spending pays off, it shows up later in the profitability component.
- Analysts16
- Implied upside+197.9%
- Target range$18.36 to $43.00
- EPS expected-$0.09
- A year ago-$0.05
- Revenue expected$4.3M +16%
- Estimate range-$0.13 to -$0.02
QBTS closed at $11.63 on Oct 22, down 30.8% since Sep 23. Chart read: price below both the 50-day and 200-day moving averages; the 50-day is below the 200-day (downtrend structure); trading at 0% of the 52-week range ($11.63 to $37.06).
Insider buying and selling at D-Wave Quantum Inc. (QBTS)
The most recent Form 4 on record for D-Wave Quantum Inc. (QBTS) is June 12, 2026, when John M. Markovich, Chief Financial Officer, sold $6.2M of stock. Nothing in the filing ties this one to a pre-arranged plan, so it was the filer's own call.
| Insider | Action | Value | Date | Type |
|---|---|---|---|---|
| John M. Markovich · Chief Financial Officer | Sell | $6.2M | June 12, 2026 | Red flag |
| Alan E Baratz · President & CEO | Sell | $18.0M | June 8, 2026 | Red flag |
| John M. Markovich · Chief Financial Officer | Sell | $9.1M | May 22, 2026 | Red flag |
| Alan E Baratz · President & CEO | Sell | $23.9M | December 22, 2025 | Routine |
| Steven M West · Director | Buy | $1,795 | November 18, 2025 | Notable buy |
| Alan E Baratz · President & CEO | Sell | $23.3M | November 11, 2025 | Routine |
SEC filings
| Form | Filed | Description |
|---|---|---|
| 4 | October 16, 2026 | FORM 4 |
| 4 | October 16, 2026 | FORM 4 |
| 4 | October 16, 2026 | FORM 4 |
| 4 | October 16, 2026 | FORM 4 |
| 4 | October 14, 2026 | FORM 4 |
| 3 | October 14, 2026 | FORM 3 |
| 8-K | October 1, 2026 | 8-K |
| 4 | September 24, 2026 | FORM 4 |
D-Wave Quantum news
All 16 articles
Quantum stocks compared: IonQ (IONQ) vs Rigetti (RGTI) vs D-Wave (QBTS)
IonQ, Rigetti, and D-Wave all sell quantum computers, but they use different technologies and run businesses of very different sizes. IonQ reported $80.1 million of second-quarter revenue, nearly 10 times Rigetti and D-Wave combined.
IBM has a $1 billion quantum foundry award. Where do IonQ, D-Wave and Rigetti get their chips?
Anderon, IBM's Albany quantum foundry, signed its final $1 billion CHIPS award on Wednesday and named no outside customer. D-Wave's Advantage2 prototype came from a SkyWater fab that IonQ bought in July, Rigetti runs its own fab in Fremont, and neither IonQ nor Quantum Computing Inc received an award.
US takes stakes in D-Wave (QBTS), Rigetti (RGTI) and Quantinuum (QNT) at a 15% discount to Friday's close
D-Wave, Rigetti and Quantinuum each signed a CHIPS Act research award worth up to $100 million and each is issuing the Commerce Department shares priced about 15% below its September 4 close. The shares carry no vote on most matters and can't be sold to a competitor. All three stocks rose.
Rigetti (RGTI) and D-Wave (QBTS) report earnings Thursday. Rigetti's last profit was a warrant revaluation.
D-Wave reports Thursday morning and Rigetti Thursday afternoon, with IonQ going first on Wednesday. The Street wants about $4 million of revenue from D-Wave and $5 million from Rigetti, against market caps of $8.1 billion and $5.8 billion.
I let Claude AI trade $100 on Robinhood, week 6: It swapped CleanSpark (CLSK) for D-Wave Quantum (QBTS) and quit 23 minutes later
Claude AI's CleanSpark (CLSK) stop fired Monday for a $2.36 loss and was right, since CLSK fell another 10% after. Then it bought D-Wave (QBTS) at Tuesday's open into a chip crash, sold 23 minutes later for $1.80, and filed a report two minutes after that saying it had not traded.
Articles that mention D-Wave Quantum without it being the main subject.
AI stock battle week 10: Grok retakes the lead on the last day as five AIs gain (September 26, 2026)
Grok retook first place from DeepSeek on Friday as five of the six AI-run portfolios gained. Claude sold UiPath the same day Meta AI bought it, at the same price.
IonQ (IONQ) jumps on a quantum error-correction claim and a first system for Nvidia's research center
IonQ shares jumped after the company said it built the first end-to-end real-time quantum error decoder on a single CPU, tested on simulated circuits of up to 408 logical qubits. IonQ also said its Superion 256 will be the first on-premises quantum computer at Nvidia's research center in 2027.
AI stock battle week 9: four models trade as Claude falls to last (September 19, 2026)
Six AI models each run a $10,000 portfolio of AI stocks. Four of them traded this Saturday and put $10,404.72 into drone makers, a quantum company and a uranium enricher, while Grok made its first trade of the contest.
Frequently asked questions
When does QBTS report earnings?
D-Wave Quantum Inc. (QBTS) is scheduled to report quarterly results on November 5, 2026 (estimated). The 16-analyst consensus is -$0.09 per share on revenue of $4.3M for the quarter ended September 30, 2026, against -$0.05 and $3.7M a year earlier. It has beaten the consensus EPS estimate in 2 of the last four quarters. The date is an estimate from past reporting patterns and can move until the company confirms it.
What do analysts expect for QBTS?
16 analysts cover D-Wave Quantum Inc. (QBTS). The consensus rating is Strong buy. The average price target is $34.65, in a range of $18.36 to $43.00.
Are insiders buying or selling QBTS?
We track Form 4 filings for D-Wave Quantum Inc. (QBTS). The activity listed on this page shows 1 open-market purchase and 5 qualifying sales. Each row is labelled Routine when the filer declared a pre-arranged 10b5-1 plan, Tax withholding when shares were sold automatically to cover the tax on a vest, or Own call when neither applies.
Where can I see QBTS SEC filings?
Recent filings are listed on this page, newest first. The latest is a 4 filed October 16, 2026.