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D-Wave Quantum Inc. (QBTS)



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Upturn Advisory Summary
04/01/2025: QBTS (3-star) is a REGULAR-BUY. BUY since 11 days. Profits (-31.30%). Updated daily EoD!
Analysis of Past Performance
Type Stock | Historic Profit 758.74% | Avg. Invested days 36 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.21B USD | Price to earnings Ratio - | 1Y Target Price 9.58 |
Price to earnings Ratio - | 1Y Target Price 9.58 | ||
Volume (30-day avg) 80937702 | Beta 1.11 | 52 Weeks Range 0.75 - 11.95 | Updated Date 04/1/2025 |
52 Weeks Range 0.75 - 11.95 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.75 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date 2025-03-13 | When - | Estimate -0.064 | Actual -0.08 |
Profitability
Profit Margin - | Operating Margin (TTM) -876.22% |
Management Effectiveness
Return on Assets (TTM) -37.24% | Return on Equity (TTM) -753.98% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 2074650904 | Price to Sales(TTM) 250.19 |
Enterprise Value 2074650904 | Price to Sales(TTM) 250.19 | ||
Enterprise Value to Revenue 235.03 | Enterprise Value to EBITDA -2.07 | Shares Outstanding 287820992 | Shares Floating 281754224 |
Shares Outstanding 287820992 | Shares Floating 281754224 | ||
Percent Insiders 1.89 | Percent Institutions 19.53 |
Analyst Ratings
Rating 4.5 | Target Price 5.54 | Buy 3 | Strong Buy 3 |
Buy 3 | Strong Buy 3 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
D-Wave Quantum Inc.
Company Overview
History and Background
D-Wave Systems Inc. was founded in 1999 and is recognized as the world's first commercial supplier of quantum computers. They have focused on developing quantum annealing processors and associated software tools.
Core Business Areas
- Quantum Computing Systems: D-Wave designs, develops, and sells quantum computing systems based on quantum annealing technology. These systems are used for optimization and machine learning applications.
- Quantum Software and Cloud Services: D-Wave provides software tools, libraries, and cloud access to their quantum computers, enabling users to develop and run quantum algorithms.
- Professional Services: Offers consulting, training, and support to help customers integrate and utilize their quantum computing systems.
Leadership and Structure
Dr. Alan Baratz is the current CEO. The company has a typical hierarchical structure with departments for engineering, sales, marketing, and research.
Top Products and Market Share
Key Offerings
- Advantage Quantum System: D-Wave's flagship quantum annealing system designed for solving complex optimization problems. Market share data is difficult to pinpoint precisely due to the nascent quantum computing market, but D-Wave is considered a leader in quantum annealing. Competitors: Fujitsu, NEC.
- Leap Quantum Cloud Service: A cloud-based platform providing access to D-Wave's quantum computers and software tools. This allows customers to experiment and develop quantum applications without owning hardware. Market Share Data: not available, it's a newer market. Competitors: Amazon Braket, Azure Quantum, IBM Quantum Experience.
- Ocean Software Development Kit (SDK): A suite of open-source tools and libraries for developing quantum applications. Free to use. Competitors: Qiskit, Cirq.
Market Dynamics
Industry Overview
The quantum computing industry is rapidly evolving, with significant investments from governments and private companies. The market is still in its early stages, with limited commercial applications but significant potential for future growth. Competition for Quantum supremacy is driving much of the growth.
Positioning
D-Wave is positioned as a pioneer in quantum annealing, focusing on solving optimization problems. They face competition from companies developing gate-based quantum computers, such as IBM and Google. Their advantage is its long time presence in this space, disadvantage is the scalability of annealing vs gate-based models
Total Addressable Market (TAM)
TAM estimates vary widely, with projections reaching tens of billions of dollars within the next decade. D-Wave is positioned to capture a share of this market by providing access to its quantum annealing technology and associated services.
Upturn SWOT Analysis
Strengths
- Pioneer in quantum annealing technology
- Established quantum computing systems
- Cloud-based access via Leap
- Strong intellectual property portfolio
Weaknesses
- Limited applicability compared to gate-based quantum computers
- High cost of quantum systems
- Technological limitations of quantum annealing
- Profitability concerns
Opportunities
- Growing demand for quantum computing solutions
- Partnerships with industry leaders
- Advancements in quantum annealing technology
- Expansion into new markets
Threats
- Competition from gate-based quantum computing companies
- Rapid technological advancements in the field
- Lack of standardized quantum computing platforms
- High investment costs
Competitors and Market Share
Key Competitors
- IBM (IBM)
- Alphabet (GOOGL)
- IonQ (IONQ)
Competitive Landscape
D-Wave has a competitive advantage in quantum annealing, but faces strong competition from companies developing gate-based quantum computers. D-Wave's specialization in optimization allows it to serve a specific niche, but its overall market share is smaller than IBM or Google. IonQ is working on trapped ion based systems and could see a greater growth in the quantum space.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been driven by increasing interest in quantum computing and early adoption of D-Wave's technology.
Future Projections: Future growth is projected to be driven by increasing demand for quantum computing solutions in optimization and machine learning. Analyst estimates vary but generally project revenue growth.
Recent Initiatives: Recent initiatives include expanding the Leap quantum cloud service, developing new quantum algorithms, and forming partnerships with industry leaders.
Summary
D-Wave Quantum Inc. is a pioneer in the quantum annealing space with established technology and a cloud-based platform. The company faces challenges including competition from gate-based quantum computing companies and the high cost of quantum systems. Its strengths lie in its specialized technology and established customer base. Future growth depends on advancements in quantum annealing and the ability to expand into new markets.
Similar Companies
- IBM
- GOOGL
- IONQ
- MSFT
Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Industry Reports
- Analyst Estimates
- Company Website
Disclaimers:
This analysis is based on publicly available information and represents a snapshot in time. Financial data may be subject to change. Investment decisions should be based on thorough research and consultation with a financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About D-Wave Quantum Inc.
Exchange NYSE | Headquaters Burnaby, BC, Canada | ||
IPO Launch date 2022-08-08 | President, CEO & Director Dr. Alan E. Baratz Ph.D. | ||
Sector Technology | Industry Computer Hardware | Full time employees 216 | Website https://www.dwavesys.com |
Full time employees 216 | Website https://www.dwavesys.com |
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 python 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 developer community. It offers D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. The company's quantum solutions offer D-Wave Advantage annealing quantum computing systems; and offers Ocean developer tools. D-Wave Quantum Inc. was founded in 1999 and is headquartered in Burnaby, Canada.
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