D-Wave Quantum Inc.
QBTSTechnologyNASDAQComputer Hardware · Last scanned Oct 26, 2026
Scan Results
Daily timeframeD-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. Valued at $4.43B, QBTS is a mid-cap name in its sector. It provides 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 computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company's server.
Market Cap
$4.43B
Beta
2.17
P/E (TTM)
—
P/E (Fwd)
-30.88
EPS (TTM)
$-0.69
EPS (Fwd)
$-0.38
ROE
-28.0%
ROA
-10.7%
Cash
$546.2M
Total Debt
$48.1M
Free CF
-$73.4M
52W Change
-66.7%
Annual Financials
Cash vs Debt
Where QBTS stands vs its 150-day and 200-day moving averages
As of the October 20, 2026 close, QBTS finished 38.77% below its 150-day moving average ($19.32) and 41.11% below its 200-day moving average ($20.09). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is QBTS overbought or oversold?
At the October 20, 2026 close, QBTS's RSI(14) was 16.4, in oversold territory (below 30). The MACD histogram was negative, so short-term momentum leaned bearish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
D-Wave Quantum Inc. holds $546.2M in cash against $48.1M in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. The company is burning cash, with free cash flow at -$73.4M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. ROE of -28.0% points to negative capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. Revenue has grown from $7.2M (2022) to $24.6M (2025), reflecting a 243% increase over the period.
A beta of 2.17 means QBTS is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. The strong cash position relative to debt provides a financial cushion that reduces balance sheet risk. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. No single metric tells the full story. Reviewing QBTS's risk profile alongside its fundamentals and technical indicators provides a more complete picture.