Share price
$18.70
▲ $0.59 (+3.26%) · 3M
QBTS · NYSE
H $30.14 · L $16.21
Next earnings: aug. 2026
What they do
D-Wave Quantum is best known for quantum annealing, a specialized approach well suited to optimization and sampling problems, and delivers it as a cloud service through its Leap platform. It is also developing gate-model superconducting systems to broaden its addressable problem set.
Listed on the NYSE, D-Wave has one of the longest commercial track records in the industry, with production deployments among enterprises and governments for scheduling, logistics and other optimization workloads.
Strengths & weaknesses
Strengths
- +Longest commercial track record in the sector with real production customers
- +Annealing hardware already scales to thousands of qubits for optimization
- +Cloud-delivered Leap platform with an established developer community
Watch-outs
- –Annealing is not universal — limited to optimization/sampling problem classes
- –Gate-model program is earlier-stage and unproven at scale
- –Modest revenue base relative to capital needs
Key risks
- !Financing and dilution risk common to pre-profit quantum firms
- !Debate over quantum advantage for annealing on practical workloads
Score breakdown
Funding momentum 40%63
No disclosed round.
Patents 25%63
63th percentile within Annealing.
Talent 20%63
Headcount estimate pending.
Research 15%63
63th percentile within Annealing.
Filings & earnings
Quarterly earnings — EPS -0.05
Q2 2026 · maj 2026
Quarterly earnings — EPS -0.12
Q1 2026 · feb. 2026
Quarterly earnings — EPS -0.41
Q4 2025 · nov. 2025
Quarterly earnings — EPS -0.55
Q3 2025 · aug. 2025
Management
Alan E. Baratz
President, Chief Executive Officer & Director
Eric Ladizinsky
Co-Founder & Chief Scientist
Diane Nguyen
Executive Vice President, Chief Legal Officer & General Counsel
Stanley T. Black CISSP
Executive VP & Chief Information Security Officer
Trevor Lanting
Chief Development Officer
Sophie Ames
Executive VP & Chief Human Resources Officer
Major shareholders
Institutional investors (funds & ETFs)institution
Company insiders & foundersinsider
Retail shareholdersretail
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D-Wave Quantum
Public · Burnaby
Links & resources
Company website↗Investor relations↗Leap developer portal↗Sources: Dealroom · EPO · USPTO · arXiv · Company filings — Updated weekly · – 0.0 (30d)