---
title: "D-Wave Quantum Inc. (QBTS.US)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/QBTS.US.md"
symbol: "QBTS.US"
name: "D-Wave Quantum Inc."
industry: "Application Software"
---

# D-Wave Quantum Inc. (QBTS.US)

| Item | Detail |
|------|--------|
| Industry | Application Software |
| Location | US Market |
| Website | [www.dwavequantum.com](https://www.dwavequantum.com) |

## Company Profile

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum ...

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-21T04:30:14.000Z

**Overall: C (0.48)**

**Industry**: Application Software

| Metric | Value |
|--------|-------|
| Industry Ranking | 97 / 272 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Growth - Stocks whose main business is in the growth stage.
- **Scale**: Small - The company's operation has a high degree of growth and volatility, making it easy to achieve high investment returns.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 156.20% |  |
| Net Profit YoY | -440.28% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 9.96 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 6.68B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 24.14M |  |


**Multi Score**: C

#### Profit Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | -122.03% | E |
| Profit Margin | -1651.81% | E |
| Gross Margin | 71.38% | A |

#### Growth Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 156.20% | A |
| Net Profit YoY | -440.28% | E |
| Total Assets YoY | 1646.98% | A |
| Net Assets YoY | 4064.26% | A |

#### Cash Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | -6.05% | D |
| OCF YoY | 156.20% | A |

#### Operating Score: E

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.05 | E |

#### Debt Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 22.55% | B |


```chart-data:radar
{
  "title": "Longbridge Financial Score - D-Wave Quantum Inc.",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "D",
      "indicators": [
        {
          "name": "ROE",
          "value": "-122.03%",
          "rating": "E"
        },
        {
          "name": "Profit Margin",
          "value": "-1651.81%",
          "rating": "E"
        },
        {
          "name": "Gross Margin",
          "value": "71.38%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "B",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "156.20%",
          "rating": "A"
        },
        {
          "name": "Net Profit YoY",
          "value": "-440.28%",
          "rating": "E"
        },
        {
          "name": "Total Assets YoY",
          "value": "1646.98%",
          "rating": "A"
        },
        {
          "name": "Net Assets YoY",
          "value": "4064.26%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "B",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "-6.05%",
          "rating": "D"
        },
        {
          "name": "OCF YoY",
          "value": "156.20%",
          "rating": "A"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "E",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.05",
          "rating": "E"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "B",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "22.55%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | Palantir Tech (US.PLTR) | A | A | B | A | B | A |
| 02 | Red Violet (US.RDVT) | B | A | B | A | B | A |
| 03 | SAP AG-Sponsored (US.SAP) | A | B | C | B | B | B |
| 04 | Salesforce (US.CRM) | A | B | C | B | C | B |
| 05 | AppLovin (US.APP) | A | A | B | D | C | B |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | -16.75 | 201/249 | - | - | - |
| PB | 9.96 | 173/249 | 26.83 | 15.74 | 11.70 |
| PS (TTM) | 276.64 | 220/249 | 399.08 | 272.96 | 231.05 |
| Dividend Yield | 0.00% | - | - | - | - |

## Institutional View

### Analyst Rating Distribution

> As of 2026-02-17T05:00:00.000Z

Total Analysts: **16**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 13 | 81% |
| Overweight | 2 | 13% |
| Hold | 0 | 0% |
| Underweight | 0 | 0% |
| Sell | 1 | 6% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 18.06 |
| Highest Target | 48.00 |
| Lowest Target | 22.54 |

## References

- [Company Overview](https://longbridge.com/en/quote/QBTS.US/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/QBTS.US/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/QBTS.US/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.