US · QBTS
D-Wave Quantum Inc.
- Sector
- Technology · Computer Hardware
- Headquarters
- Palo Alto, BC V5G 4M9
- Website
- dwavesys.com
Price · as of 2025-12-31
$20.49
Market cap 6.89B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $50.06 | +144.31% |
| Intrinsic Value(DCF) | $8.97 | -56.22% |
| Graham-Dodd Method(GD) | — | — |
| Graham Formula(GF) | — | — |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | |||||
| 2012 | |||||
| 2013 | |||||
| 2014 | |||||
| 2015 | |||||
| 2016 | |||||
| 2017 | |||||
| 2018 | |||||
| 2019 | |||||
| 2020 | $10.33 | ||||
| 2021 | $9.88 | $30.31 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.62 | $25.35 | $0.00 | $0.00 | $0.00 |
| 2023 | $1.87 | $26.33 | $0.00 | $0.00 | $0.00 |
| 2024 | $5.18 | $27.52 | $0.00 | $0.00 | $0.00 |
| 2025 | $18.94 | $50.06 | $74.27 | $0.00 | $0.00 |
AI valuation
Our deep-learning model estimates D-Wave Quantum Inc.'s (QBTS) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $50.06
- Current price
- $20.49
- AI upside
- +144.31%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$8.97
-56.22% upside
Graham-Dodd
—
— upside
Graham Formula
—
— upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| QBTS | D-Wave Quantum Inc. | $20.49 | 6.89B | +144% | -56% | — | — | -17.13 | 7.14 | 247.43 | -14.93 | -35.70 | 7.15 | 82.59% | -408.22% | -1444.10% | -77.62% | 197.62% | -63.65% | 0.01 | -25.01 | 42.38 | 41.90 | 1.80 | 4800.00% | 17854.00% | 6949.00% | -1.25% | -3.40 | 149.33% | 0.00% | 0.00% | 8.64% | -51.88 | -68.65 | 211.77 | 56.72 |
| DAY | Dayforce Inc | $69.86 | 11.18B | -16% | -66% | -97% | -96% | 483.16 | 3.43 | 4.97 | 32.63 | — | 428.69 | 46.14% | 5.91% | 1.03% | 0.73% | 1.60% | 0.20% | 0.48 | 2.56 | 1.13 | 0.16 | 2.27 | -6857.00% | 1627.00% | 6318.00% | 1.96% | 0.05 | 5.47% | 0.00% | 0.00% | 0.64% | 90.28 | 54.80 | 5.34 | 1.07 |
| GTM | ZoomInfo Technologies Inc… | $6.21 | 1.9B | +370% | -50% | -78% | -33% | 16.05 | 1.32 | 1.60 | 10.21 | 4.14 | -4.97 | 82.46% | 21.29% | 9.94% | 7.76% | 5.59% | 1.92% | 1.20 | 6.24 | 0.72 | 4.96 | 4.60 | 38750.00% | 290.00% | 2913.00% | 19.51% | 0.74 | 12.79% | 0.00% | 0.00% | 20.63% | 13.61 | 9.31 | 2.90 | 0.63 |
| IONQ | IonQ, Inc. | $38.37 | 13.79B | +45% | -51% | — | — | -17.88 | 2.83 | 82.67 | -17.67 | -107.26 | 10.06 | 40.40% | -487.41% | -462.45% | -28.75% | -84.57% | -16.99% | 0.01 | — | 15.50 | 14.74 | 2.11 | 1667.00% | 20185.00% | 13180.00% | -2.79% | -1.70 | -39.98% | 0.00% | 0.00% | 8.97% | -13.23 | -27.99 | 64.50 | 2.23 |
| JKHY | Jack Henry & Associates, … | $162.46 | 11.76B | -24% | -52% | -90% | -42% | 25.82 | 5.52 | 4.95 | 14.56 | 133.72 | 18.37 | 42.71% | 23.94% | 19.19% | 21.39% | 21.80% | 14.97% | 0.00 | 54.49 | 1.27 | 0.78 | -0.13 | 1931.00% | 721.00% | 1534.00% | 5.00% | 1.20 | 28.99% | 1.40% | 36.10% | 1.70% | 20.51 | 19.84 | 4.91 | 10.74 |
| MTSI | MACOM Technology Solution… | $248.12 | 18.61B | -62% | -47% | -96% | — | -242.05 | 9.89 | 13.57 | 323.57 | — | 14.38 | 54.94% | 13.40% | -5.60% | -4.42% | 12.28% | -2.81% | 0.41 | 23.50 | 3.71 | 2.87 | 10.70 | -17019.00% | 3258.00% | 3753.00% | 1.47% | 0.72 | 18.26% | 0.00% | 0.00% | 0.33% | 99.29 | 66.77 | 13.31 | 11.15 |
| PCOR | Procore Technologies, Inc… | $55.04 | 8.56B | -3% | -0% | -98% | — | -83.08 | 6.63 | 6.33 | 435.15 | — | 14.37 | 78.44% | -8.90% | -7.62% | -7.90% | -19.55% | -4.64% | 0.09 | -102.14 | 1.32 | 1.26 | -20.42 | -694.00% | 1483.00% | 2151.00% | 2.57% | 0.34 | 35.70% | 0.00% | 0.00% | 1.60% | -65.58 | 35.90 | 5.84 | 4.87 |
| QXO | QXO, Inc. | $23.95 | 16.97B | +8,177% | +3,125,568% | +1,008% | — | -1.56 | 0.01 | 0.02 | 16.87 | -0.33 | 0.18 | 22.99% | -3.58% | -4.08% | -1.22% | -3.44% | -0.86% | 0.46 | -5.14 | 3.58 | 2.56 | 15.82 | 47273.00% | 1193066.00% | 11609.00% | 130.39% | 0.17 | 3.10% | 74.59% | -116.20% | 74.59% | -9.20 | 12.31 | 0.33 | 0.66 |
| RGTI | Rigetti Computing, Inc. | $17.42 | 5.75B | +59% | -77% | — | -90% | -8.59 | 13.64 | 160.02 | -8.09 | -9.42 | 13.64 | 52.80% | -634.94% | -1862.72% | -170.20% | 831.38% | -90.39% | 0.07 | -21.05 | 17.42 | 16.39 | 0.31 | 9123.00% | -1014.00% | 350.00% | -3.57% | -4.27 | 749.04% | 0.00% | 0.00% | 3.94% | -22.53 | -25.00 | 143.03 | 3.89 |
| SAIL | SailPoint, Inc. | $14.10 | 7.92B | +150% | -45% | — | — | -30.39 | -1.72 | 11.14 | 222.61 | — | -0.78 | 64.52% | -21.90% | -36.66% | 10.31% | 8.27% | -4.21% | -0.19 | -1.01 | 0.89 | 0.76 | 19.58 | -7199.00% | 2316.00% | -5292.00% | -1.25% | -0.19 | 6.27% | 0.00% | 0.00% | 4.75% | -55.76 | -87.71 | 12.21 | -0.59 |
| SWKS | Skyworks Solutions, Inc. | $59.58 | 8.96B | -1% | -50% | — | -69% | 21.42 | 1.77 | 2.50 | 9.88 | — | 3.69 | 41.16% | 12.23% | 11.67% | 7.89% | 7.84% | 5.89% | 0.21 | 18.45 | 2.33 | 1.49 | 0.04 | -1653.00% | -218.00% | -3369.00% | 10.82% | 0.98 | 19.13% | 4.23% | 90.70% | 4.67% | 20.09 | 9.09 | 2.46 | 4.83 |
About D-Wave Quantum Inc.
D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Launch, a quantum computing onboarding service; Ocean a full suite of open-source programming tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through in-production application deployment. The company's quantum solutions are used in artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. It serves manufacturing and logistics, financial services, life sciences, and other industries. D-Wave Quantum Inc. is based in Burnaby, Canada.
- CEO
- Alan E. Baratz
- Employees
- 216
- Beta
- 1.55
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($8.97 ÷ $20.49) − 1 = -56.22% (DCF, example).