D-Wave Quantum Inc. is a quantum computing company with locations in Palo Alto, California and Burnaby, British Columbia. D-Wave claims to be the world's first company to sell computers that exploit quantum effects in their operation. D-Wave's early customers include Lockheed Martin, the University of Southern California, Google/NASA, and Los Alamos National Laboratory.
| trading_symbol | registrant_name | time | price | change | percentage_change |
|---|---|---|---|---|---|
| QBTS | D-Wave Quantum Inc. | 2026-03-03 13:31:04 | 18.4 | -0.55 | -2.88 |
| trading_symbol | central_index_key | registrant_name | isin_number | lei_number | ein_number | exchange | sic_code | sic_description | fiscal_year_end | state_of_incorporation | address_street | address_city | address_state | address_zip_code | address_country | address_country_code | phone_number | mailing_address | business_address | former_name | industry | founding_date | chief_executive_officer | number_of_employees | website | market_cap | shares_issued | shares_outstanding | description | update_time |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| QBTS | 0001907982 | D-Wave Quantum Inc. | US26740W1099 | 5493001U37G4PRD4GW95 | — | NYSE | 7374 | Services-Computer Processing & Data Preparation | 1231 | DE | 2650 EAST BAYSHORE ROAD | PALO ALTO | CA | 94303 | UNITED STATES | US | (650) 285-2881 | 3033 BETA AVENUE, BURNABY, V5G 4M9 | 2650 EAST BAYSHORE ROAD, PALO ALTO, CA, 94303 | — | Computer hardware | 1999 | — | 220 | https://www.dwavequantum.com/ | 136,725,126 | 345,971,195 | 346,718,581 | D-Wave Quantum Inc. is a quantum computing company with locations in Palo Alto, California and Burnaby, British Columbia. D-Wave claims to be the world's first company to sell computers that exploit quantum effects in their operation. D-Wave's early customers include Lockheed Martin, the University of Southern California, Google/NASA, and Los Alamos National Laboratory. | 2026-02-26 16:25:19 |
| Fiscal Year | Market Cap | Change In Market Cap | Percentage Change In Market Cap | Shares Outstanding | Change In Shares Outstanding | Percentage Change In Shares Outstanding |
|---|---|---|---|---|---|---|
| 2025 | 4,929,610,182 | 4,792,885,056 | 3,505.4896 | 366,737,601 | 78,940,452 | 27.4292 |
| 2024 | 136,725,126 | 10,842,938 | 8.6136 | 287,797,149 | 171,004,311 | 146.4168 |
| 2023 | 125,882,188 | 69,121,588 | 121.7774 | 116,792,838 | 36,402,162 | 45.2816 |
| Executive Name | Executive Position | Fiscal Year | Salary | Bonus | Stock Awards | Incentive Plan Compensation | Other Compensation | Total Compensation |
|---|---|---|---|---|---|---|---|---|
| Diane Nguyen | General Counsel | 2024 | 310,000 | — | 378,000 | 151,800 | 0 | 1,001,800 |
| Alan E. Baratz | Chief Executive Officer, President, Director | 2024 | 575,000 | — | 630,000 | 517,500 | 0 | 1,722,500 |
| John M. Markovich | Chief Financial Officer | 2024 | 430,000 | — | 315,000 | 283,360 | 0 | 1,028,360 |
| John M. Markovich | Chief Financial Officer | 2023 | 400,000 | — | 102,600 | 179,200 | 0 | 681,800 |
| Alan E. Baratz | Chief Executive Officer, President, Director | 2023 | 575,000 | — | 153,900 | 316,250 | 0 | 1,045,150 |
| Fiscal Year | Employee Count |
|---|---|
| 2025 | 388 |
| 2024 | 220 |
| 2023 | 200 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 24,587,000 | 8,827,000 | 8,758,000 |
| Cost Of Revenue | 4,281,000 | 3,264,000 | 4,136,000 |
| Gross Profit | 20,306,000 | 5,563,000 | 4,622,000 |
| Research And Development Expenses | 50,734,000 | 35,300,000 | 37,878,000 |
| General And Administrative Expenses | 41,186,000 | 32,422,000 | 37,014,000 |
| Operating Expenses | 120,674,000 | 82,786,000 | 85,168,000 |
| Operating Income | -100,368,000 | -77,223,000 | -80,546,000 |
| Net Income | -355,062,000 | -143,879,000 | -82,715,000 |
| Earnings Per Share Basic | -1.11 | -0.75 | -0.6 |
| Earnings Per Share Diluted | -1.11 | -0.75 | -0.6 |
| Weighted Average Shares Outstanding Basic | 321,202,025 | 192,129,049 | 137,993,736 |
| Weighted Average Shares Outstanding Diluted | 321,202,025 | 192,129,049 | 137,993,736 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash And Cash Equivalents | 635,347,000 | 177,980,000 | 41,307,000 |
| Marketable Securities Current | 249,134,000 | — | — |
| Accounts Receivable | 1,587,000 | 1,420,000 | 1,652,000 |
| Inventories | 2,776,000 | 1,686,000 | 2,078,000 |
| Non Trade Receivables | — | — | 86,000 |
| Other Assets Current | — | — | — |
| Total Assets Current | 896,232,000 | 185,040,000 | 47,046,000 |
| Marketable Securities Non Current | 2,391,000 | 2,574,000 | 1,168,000 |
| Property Plant And Equipment | 7,841,000 | 4,133,000 | 2,551,000 |
| Other Assets Non Current | 4,307,000 | 2,929,000 | 1,357,000 |
| Total Assets Non Current | 14,359,000 | 11,394,000 | 10,774,000 |
| Total Assets | 915,813,000 | 199,853,000 | 59,356,000 |
| Accounts Payable | 950,000 | 815,000 | 1,465,000 |
| Deferred Revenue | 2,778,000 | 18,686,000 | 2,669,000 |
| Short Term Debt | — | — | — |
| Other Liabilities Current | 15,838,000 | 8,784,000 | 5,343,000 |
| Total Liabilities Current | 21,148,000 | 30,145,000 | 11,250,000 |
| Long Term Debt | 35,825,000 | 30,128,000 | 63,850,000 |
| Other Liabilities Non Current | — | — | — |
| Total Liabilities Non Current | 42,435,000 | 107,062,000 | 72,587,000 |
| Total Liabilities | 63,583,000 | 137,207,000 | 83,837,000 |
| Common Stock | 35,000 | 27,000 | 16,000 |
| Retained Earnings | -982,002,000 | -626,940,000 | -483,061,000 |
| Accumulated Other Comprehensive Income | -9,021,000 | -10,510,000 | -10,517,000 |
| Total Shareholders Equity | 852,230,000 | 62,646,000 | -24,481,000 |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Depreciation And Amortization | 1,563,000 | 1,109,000 | 1,054,000 |
| Share Based Compensation Expense | 22,657,000 | 15,661,000 | 21,919,000 |
| Other Non Cash Income Expense | — | — | 0 |
| Change In Accounts Receivable | 204,000 | -137,000 | 818,000 |
| Change In Inventories | 2,398,000 | 215,000 | 237,000 |
| Change In Non Trade Receivables | — | — | — |
| Change In Other Assets | — | — | — |
| Change In Accounts Payable | 268,000 | -570,000 | -2,614,000 |
| Change In Other Liabilities | 6,940,000 | 5,520,000 | -1,374,000 |
| Cash From Operating Activities | -71,982,000 | -42,643,000 | -60,649,000 |
| Purchases Of Marketable Securities | 247,787,000 | — | — |
| Sales Of Marketable Securities | 0 | 254,000 | — |
| Acquisition Of Property Plant And Equipment | 3,862,000 | 2,106,000 | 583,000 |
| Acquisition Of Business | — | — | — |
| Other Investing Activities | — | — | — |
| Cash From Investing Activities | -251,135,000 | -3,141,000 | -630,000 |
| Tax Withholding For Share Based Compensation | 10,259,000 | 3,142,000 | 416,000 |
| Payments Of Dividends | — | — | — |
| Issuance Of Common Stock | 37,787,000 | 44,285,000 | 0 |
| Repurchase Of Common Stock | — | — | — |
| Issuance Of Long Term Debt | — | — | 29,007,000 |
| Repayment Of Long Term Debt | — | — | 1,465,000 |
| Other Financing Activities | — | — | — |
| Cash From Financing Activities | 779,149,000 | 182,450,000 | 95,636,000 |
| Change In Cash | 457,367,000 | 136,673,000 | 34,242,000 |
| Cash At End Of Period | 635,347,000 | 177,980,000 | 41,307,000 |
| Income Taxes Paid | 26,000 | — | — |
| Interest Paid | 25,000 | 5,183,000 | — |
| Fiscal Year | 2025 | 2024 | 2023 |
|---|---|---|---|
| Earnings Per Share | -1.11 | -0.75 | -0.6 |
| Price To Earnings Ratio | -23.5586 | -11.2 | -1.4668 |
| Earnings Growth Rate | 48 | 25 | 39.5349 |
| Price Earnings To Growth Ratio | -0.4908 | -0.448 | -0.0371 |
| Book Value Per Share | 2.6533 | 0.3261 | -0.1774 |
| Price To Book Ratio | 9.8558 | 25.762 | -4.9609 |
| Ebitda | -349,460,000 | -138,873,000 | -81,624,000 |
| Enterprise Value | 7,799,910,953.75 | 1,466,032,011.6 | 143,991,287.0536 |
| Dividend Yield | — | — | — |
| Dividend Payout Ratio | — | — | — |
| Debt To Equity Ratio | 0.042 | 0.4809 | -2.6081 |
| Capital Expenditures | 5,271,000 | 2,691,000 | 1,311,000 |
| Free Cash Flow | -77,253,000 | -45,334,000 | -61,960,000 |
| Return On Equity | -0.4166 | -2.2967 | 3.3787 |
| One Year Beta | 2.3033 | 2.5054 | 3.6458 |
| Three Year Beta | 2.6663 | 1.7868 | 1.4843 |
| Five Year Beta | 1.9846 | 1.7868 | 1.4843 |
| Insider Name | Relationship To Issuer | Transaction Date | Amount Of Securities | Acquired Or Disposed | Securities Owned Following Transaction |
|---|---|---|---|---|---|
| Nguyen Diane | EVP, Chief Legal Officer & GC | 2026-02-19 | 28,068 | A | 566,206 |
| Nguyen Diane | EVP, Chief Legal Officer & GC | 2026-02-13 | 1,451 | D | 538,138 |
| Markovich John M. | Chief Financial Officer | 2026-01-14 | 9,179 | D | 1,462,133 |
| BARATZ ALAN E | Director, President & CEO | 2026-01-14 | 35,013 | D | 2,598,150 |
| Nguyen Diane | EVP, Chief Legal Officer & GC | 2026-01-14 | 4,519 | D | 539,589 |
| Investor Name | Period Of Report | Market Value | Amount Of Securities | Price Per Security |
|---|---|---|---|---|
| ALLIANCEBERNSTEIN L.P. | 2025-12-31 | 38,860,364 | 1,486,056 | 26.15 |
| TORONTO DOMINION BANK | 2025-12-31 | 63,205 | 2,417 | 26.1502 |
| Balyasny Asset Management L.P. | 2025-12-31 | 6,587,185 | 251,900 | 26.15 |
| Balyasny Asset Management L.P. | 2025-12-31 | 2,923,570 | 111,800 | 26.15 |
| HUB Investment Partners, LLC | 2025-12-31 | 54,915 | 2,100 | 26.15 |
| Registrant Name | Period Of Report | Fund Name | Fund Symbol | Amount Of Units | Value In Usd | Percentage Value Compared To Assets |
|---|---|---|---|---|---|---|
| RYDEX SERIES FUNDS | 2025-12-31 | Class C | RYCHX | 7,892 | 206,375.8 | 0.2413 |
| RYDEX SERIES FUNDS | 2025-12-31 | Class A | RYTHX | 7,892 | 206,375.8 | 0.2413 |
| RYDEX SERIES FUNDS | 2025-12-31 | Class H | RYTAX | 7,892 | 206,375.8 | 0.2413 |
| RYDEX SERIES FUNDS | 2025-12-31 | Investor Class | RYTIX | 7,892 | 206,375.8 | 0.2413 |
| RYDEX SERIES FUNDS | 2025-12-31 | Class C | RYCMX | 458 | 11,976.7 | 0.1419 |