Stock Fundamentals

Company Information

Company Name
D-Wave Quantum Inc.
Sector
Technology
Industry
Computer Hardware
Exchange
NYSE
ISIN: US26740W1099
CIK: 0001907982
CUSIP: 26740W109
Currency: USD
Full Time Employees: 216
Phone: 604 630 1428
Fiscal Year End: December
IPO Date: Aug 08, 2022
Description:

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 computers and quantum hybrid solvers; and secure access and data protection services. It also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.

Address:

2650 East Bayshore Road, Palo Alto, CA, United States, 94303

Directors & Officers

Name Title Year Born
Dr. Alan E. Baratz Ph.D. President, CEO & Director 1955
Mr. John M. Markovich Chief Financial Officer 1957
Ms. Diane Nguyen Executive VP, Chief Legal Officer & General Counsel 1985
Mr. Eric Ladizinsky Co-Founder & Chief Scientist NA
Mr. Stan Black CISSP Chief Information Security Officer NA
Ms. Allison Schwartz Vice President of Global Government Relations & Public Affairs NA
Ms. Michelle Maggs Senior Vice President of Marketing NA
Ms. Sophie Ames Chief Human Resources Officer NA
Mr. Trevor Lanting Chief Development Officer NA
Mr. Lorenzo Martinelli Chief Revenue Officer 1965

Institutional Holders

Holder Name Shares Date Reported % Out Value % Change
Vanguard Group Inc 36.91M Dec 31, 2025 9.98% $0.01 -4.02%
BlackRock Inc 26.20M Sep 30, 2025 7.08% $0.01 12.81%
UBS Group AG 12.09M Sep 30, 2025 3.27% $0.05 541.61%
Geode Capital Management, LLC 7.53M Sep 30, 2025 2.04% $0.01 17.42%
State Street Corp 7.32M Sep 30, 2025 1.98% $0.01 10.12%
Morgan Stanley - Brokerage Accounts 6.34M Sep 30, 2025 1.71% $0.01 44.56%
Bank of America Corp 5.41M Sep 30, 2025 1.46% $0.01 -63.30%
T. Rowe Price Associates, Inc. 4.58M Sep 30, 2025 1.24% $0.01 448.30%
Unicom Systems Inc 3.12M Dec 31, 2025 0.84% $7.98 0.00%
JPMorgan Chase & Co 3.10M Sep 30, 2025 0.84% $0.00 102.02%
Charles Schwab Investment Management Inc 3.06M Dec 31, 2025 0.83% $0.01 5.40%
Clear Street Group Inc 3.05M Sep 30, 2025 0.82% $0.26 0.00%
Northern Trust Corp 2.79M Sep 30, 2025 0.76% $0.01 17.10%
Marex Group PLC 2.63M Sep 30, 2025 0.71% $0.46 -51.98%
Trybe Capital Management LP 1.94M Dec 31, 2025 0.52% $7.25 0.00%
Renaissance Technologies Corp 1.71M Dec 31, 2025 0.46% $0.07 -24.02%
Penserra Capital Management, LLC 1.68M Sep 30, 2025 0.45% $0.50 43.37%
Defiance ETFs, LLC 1.49M Dec 31, 2025 0.40% $1.28 0.00%
Nuveen, LLC 1.33M Sep 30, 2025 0.36% $0.01 -8.30%
Quadrature Capital Limited 1.12M Dec 31, 2025 0.30% $0.30 0.00%

Shares Statistics

Shares Outstanding: 366.65M
Shares Float: 348.18M
% Insiders: 150.00%
% Institutions: 4,533.10%
Short % Float: 14.72%

🏆 Top 10 Institutional Holders

Rank Holder Name Shares Held % of Shares Change Date Reported
1 Vanguard Group Inc 36.91M 9.98% ▼ 4.02% Dec 31, 2025
2 BlackRock Inc 26.20M 7.08% ▲ 12.81% Sep 30, 2025
3 UBS Group AG 12.09M 3.27% ▲ 541.61% Sep 30, 2025
4 Geode Capital Management, LLC 7.53M 2.04% ▲ 17.42% Sep 30, 2025
5 State Street Corp 7.32M 1.98% ▲ 10.12% Sep 30, 2025
6 Morgan Stanley - Brokerage Accounts 6.34M 1.71% ▲ 44.56% Sep 30, 2025
7 Bank of America Corp 5.41M 1.46% ▼ 63.30% Sep 30, 2025
8 T. Rowe Price Associates, Inc. 4.58M 1.24% ▲ 448.30% Sep 30, 2025
9 Unicom Systems Inc 3.12M 0.84% ▲ 0.00% Dec 31, 2025
10 JPMorgan Chase & Co 3.10M 0.84% ▲ 102.02% Sep 30, 2025

Valuation Metrics

Enterprise Value: $6.15B
Trailing P/E: 0.00
Forward P/E: 0.00

Financial Highlights

Market Cap: $6.95B
EBITDA: $-98.81M
Book Value: $2.38
Earnings/Share: $-1.44
Profit Margin: 0.00%
Operating Margin: -1,265.95%
ROA (TTM): -11.24%
ROE (TTM): -77.62%
Revenue (TTM): $24.59M
Revenue/Share (TTM): $0.08
Earnings Growth (YOY): 0.00%
Revenue Growth (YOY): 19.20%

Stock Price History

1 Year Price History

2 Years Price History

5 Years Price History

10 Years Price History

Download Financials (Excel)

Financial Charts

Revenue & Net Income (Yearly)

Revenue & Net Income (Quarterly)

Operating Expenses (Yearly)

Operating Expenses (Quarterly)

Balance Sheet (Yearly)

Balance Sheet (Quarterly)

Assets Breakdown (Yearly)

Assets Breakdown (Quarterly)

Liabilities Breakdown (Yearly)

Liabilities Breakdown (Quarterly)

Earnings Per Share (EPS) History

Financial Ratios (Yearly)

Financial Ratios (Quarterly)

Earnings History

Balance Sheet (Yearly)

Financial Ratios

Date Current Ratio Debt/Equity Debt/Assets Interest Coverage Debt/EBITDA
2025-12-31 42.38x 0.00x 0.07x -25.01x 0.00x
2024-12-31 6.14x 0.51x 0.69x -19.82x -0.23x
2023-12-31 4.18x -2.68x 1.41x -37.38x -0.81x
2022-12-31 0.87x -0.40x 2.09x -25.46x -0.24x
2021-12-31 1.53x -0.78x 1.62x -9.71x -0.42x
2020-12-31 3.45x 0.10x 0.31x -6.08x -0.23x

Insider Trading

Date Insider Name Title Transaction Type Shares Price Value
Jan 14, 2026 John M Markovich N/A Sale 9.18K $28.06 $257.56K
Jan 14, 2026 Alan E Baratz N/A Sale 35.01K $28.06 $982.46K
Dec 22, 2025 Alan E Baratz N/A Sale 793.71K $30.13 $23.91M
Dec 22, 2025 John M Markovich N/A Sale 100.00K $30.03 $3.00M
Dec 15, 2025 John M Markovich N/A Sale 11.56K $23.89 $276.22K
Dec 15, 2025 Rohit Ghai N/A Sale 10.00K $24.28 $242.80K
Dec 05, 2025 John D Dilullo N/A Sale 8.00K $27.36 $218.88K
Dec 03, 2025 John M Markovich N/A Sale 100.00K $25.05 $2.51M
Dec 03, 2025 Kirstjen Nielsen N/A Sale 7.00K $22.62 $158.34K
Nov 20, 2025 John M Markovich N/A Sale 200.00K $22.94 $4.59M
Nov 13, 2025 Alan E Baratz N/A Sale 168.10K $23.17 $3.89M
Nov 13, 2025 John M Markovich N/A Sale 98.06K $23.17 $2.27M
Nov 11, 2025 Alan E Baratz N/A Sale 806.29K $28.87 $23.28M
Oct 14, 2025 Alan E Baratz N/A Sale 31.37K $43.74 $1.37M
Oct 14, 2025 John M Markovich N/A Sale 7.99K $43.74 $349.66K
Sep 15, 2025 John D Dilullo N/A Sale 8.00K $17.93 $143.44K
Sep 15, 2025 Rohit Ghai N/A Sale 10.00K $17.93 $179.30K
Sep 11, 2025 John M Markovich N/A Sale 50.00K $16.30 $815.00K
Aug 12, 2025 John M Markovich N/A Sale 100.00K $18.00 $1.80M
Jun 16, 2025 John D Dilullo N/A Sale 15.00K $16.40 $246.00K

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