D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the world’s first commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers. Our mission is to unlock the power of quantum computing today to benefit business and society. We do this by delivering customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modelling. D-Wave’s technology has been used by some of the world’s most advanced organizations including Mastercard, Deloitte, Davidson Technologies, ArcelorMittal, Siemens Healthineers, Unisys, NEC Corporation, Pattison Food Group Ltd., DENSO, Lockheed Martin, Forschungszentrum Jülich, University of Southern California, and Los Alamos National Laboratory.
Company profile
Ticker
QBTS, QBTS-WT
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
DWSI Canada Holdings ULC • DPCM Capital, Inc. • D-Wave Quantum Technologies Inc. • D-Wave Systems Inc. • D-Wave Quantum Solutions Inc. • D-Wave US Inc. • D-Wave Government Inc. • D-Wave Commercial Inc. • Omni Circuit Boards Ltd. • D-Wave International Inc. ...
QBTS stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
23 Apr 24
DEFA14A
Additional proxy soliciting materials
23 Apr 24
DEFA14A
Additional proxy soliciting materials
23 Apr 24
DEF 14A
Definitive proxy
23 Apr 24
8-K
Entry into a Material Definitive Agreement
19 Apr 24
424B3
Prospectus supplement
16 Apr 24
424B3
Prospectus supplement
16 Apr 24
424B5
Prospectus supplement for primary offering
16 Apr 24
EFFECT
Notice of effectiveness
15 Apr 24
EFFECT
Notice of effectiveness
15 Apr 24
Latest ownership filings
4/A
Diane Nguyen
23 Apr 24
4/A
John M. Markovich
23 Apr 24
4/A
ALAN E BARATZ
23 Apr 24
4
Diane Nguyen
29 Mar 24
4
John M. Markovich
29 Mar 24
4
ALAN E BARATZ
29 Mar 24
SC 13G/A
GOLDMAN SACHS GROUP INC
5 Mar 24
SC 13G/A
GOLDMAN SACHS GROUP INC
16 Feb 24
3
Kirstjen Nielsen
14 Feb 24
SC 13G/A
GOLDMAN SACHS GROUP INC
14 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | |
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Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 53.32 mm | 53.32 mm | 53.32 mm | 53.32 mm | 53.32 mm | 53.32 mm |
Cash burn (monthly) | (no burn) | (no burn) | 6.14 mm | 7.09 mm | (no burn) | 1.23 mm |
Cash used (since last report) | n/a | n/a | 41.94 mm | 48.44 mm | n/a | 8.39 mm |
Cash remaining | n/a | n/a | 11.37 mm | 4.88 mm | n/a | 44.93 mm |
Runway (months of cash) | n/a | n/a | 1.9 | 0.7 | n/a | 36.6 |
Institutional ownership, Q3 2023
63.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 49 |
Opened positions | 17 |
Closed positions | 9 |
Increased positions | 15 |
Reduced positions | 3 |
13F shares | Current |
---|---|
Total value | 71.38 bn |
Total shares | 74.23 mm |
Total puts | 171.10 k |
Total calls | 193.51 k |
Total put/call ratio | 0.9 |
Largest owners | Shares | Value |
---|---|---|
Public Sector Pension Investment Board | 59.43 mm | $57.35 bn |
GS Goldman Sachs | 7.94 mm | $7.66 bn |
BLK Blackrock | 1.47 mm | $1.42 bn |
CIBC Private Wealth | 1.08 mm | $1.04 bn |
LMT Lockheed Martin | 915.75 k | $883.70 mm |
Vanguard | 767.64 k | $740.69 mm |
Geode Capital Management | 563.74 k | $544.13 mm |
Susquehanna International | 249.99 k | $241.21 mm |
Bridgeway Capital Management | 203.00 k | $195.88 mm |
STT State Street | 194.50 k | $187.67 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 Mar 24 | John M. Markovich | Common Stock, par value $0.0001 per share ("Common Stock") | Payment of exercise | Dispose F | No | No | 1.95 | 13,925 | 27.15 k | 1,156,471 |
27 Mar 24 | John M. Markovich | Common Stock, par value $0.0001 per share ("Common Stock") | Grant | Acquire A | No | No | 0 | 150,000 | 0.00 | 1,170,396 |
27 Mar 24 | Alan E Baratz | Common Stock, par value $0.0001 per share ("Common Stock") | Payment of exercise | Dispose F | No | No | 1.95 | 29,513 | 57.55 k | 2,715,456 |
27 Mar 24 | Alan E Baratz | Common Stock, par value $0.0001 per share ("Common Stock") | Grant | Acquire A | No | No | 0 | 300,000 | 0.00 | 2,744,969 |
27 Mar 24 | Diane Nguyen | Common Stock, par value $0.0001 per share ("Common Stock") | Payment of exercise | Dispose F | No | No | 1.95 | 5,986 | 11.67 k | 473,170 |
27 Mar 24 | Diane Nguyen | Common Stock, par value $0.0001 per share ("Common Stock") | Grant | Acquire A | No | No | 0 | 100,000 | 0.00 | 479,156 |
27 Mar 24 | Diane Nguyen | Common Stock, par value $0.0001 per share ("Common Stock") | Grant | Acquire A | No | No | 0 | 80,000 | 0.00 | 379,156 |
27 Mar 24 | Diane Nguyen | Stock Option Common Stock | Grant | Acquire A | No | No | 2.1 | 100,000 | 210.00 k | 100,000 |
10 Jan 24 | Alan E Baratz | Common Stock, par value $0.0001 per share ("Common Stock") | Grant | Acquire A | No | No | 0 | 107,469 | 0.00 | 2,444,969 |
10 Jan 24 | Alan E Baratz | Stock Option Common Stock | Grant | Acquire A | No | No | 0.846 | 213,232 | 180.39 k | 213,232 |
News
12 Information Technology Stocks Moving In Tuesday's Intraday Session
16 Apr 24
12 Information Technology Stocks Moving In Monday's After-Market Session
15 Apr 24
D-Wave Quantum Stands Out in Commercial Quantum Computing Revolution, Bullish Analyst Says
8 Apr 24
Looking Into D-Wave Quantum's Recent Short Interest
8 Apr 24
Needham Initiates Coverage On D-Wave Quantum with Buy Rating, Announces Price Target of $2.5
8 Apr 24
Press releases
D-Wave Introduces New Fast Anneal Feature, Extending Quantum Computing Performance Gains
18 Apr 24
D-Wave's Qubits 2024 Quantum Computing Conference Announced for June 17-18 in Boston
9 Apr 24
D-Wave Reports Fourth Quarter and Year-End 2023 Results
28 Mar 24
Discovering Promising Tech Stocks: QBTS, GEVI, CYBN, RSCI, CLRO
15 Mar 24
D-Wave Quantum Inc. Announces Date for Fourth Quarter and Full Year Fiscal 2023 Earnings Call
14 Mar 24