D-Wave Quantum (QBTS) to Release Earnings on Thursday

D-Wave Quantum (NYSE:QBTS) is expected to be releasing its Q4 2025 results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $3.74 million for the quarter. Interested persons can find conference call details on the company’s upcoming Q4 2025 earning report page for the latest details on the call scheduled for Thursday, February 26, 2026 at 8:00 AM ET.

D-Wave Quantum Price Performance

Shares of QBTS stock opened at $19.09 on Thursday. The stock’s 50-day moving average is $25.16 and its 200 day moving average is $24.87. D-Wave Quantum has a 1-year low of $4.45 and a 1-year high of $46.75. The company has a debt-to-equity ratio of 0.05, a current ratio of 54.68 and a quick ratio of 54.49. The company has a market cap of $7.06 billion, a P/E ratio of -14.14 and a beta of 1.56.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Jefferies Financial Group started coverage on shares of D-Wave Quantum in a report on Tuesday, December 16th. They issued a “buy” rating and a $45.00 price target on the stock. Rosenblatt Securities reissued a “buy” rating and set a $43.00 target price on shares of D-Wave Quantum in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-Wave Quantum in a report on Monday, December 29th. Evercore initiated coverage on D-Wave Quantum in a research report on Wednesday, December 3rd. They set an “outperform” rating and a $44.00 price target on the stock. Finally, Canaccord Genuity Group set a $43.00 price objective on D-Wave Quantum in a research report on Thursday, January 29th. Fourteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.21.

Insider Buying and Selling at D-Wave Quantum

In other news, Director Kirstjen Nielsen sold 7,000 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $22.62, for a total value of $158,340.00. Following the transaction, the director directly owned 112,673 shares of the company’s stock, valued at approximately $2,548,663.26. This represents a 5.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Alan E. Baratz sold 35,013 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $28.06, for a total value of $982,464.78. Following the completion of the transaction, the chief executive officer owned 2,598,150 shares of the company’s stock, valued at approximately $72,904,089. The trade was a 1.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,074,466 shares of company stock valued at $31,558,806. Company insiders own 3.20% of the company’s stock.

Hedge Funds Weigh In On D-Wave Quantum

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Kemnay Advisory Services Inc. acquired a new stake in D-Wave Quantum during the 4th quarter valued at approximately $28,000. Ancora Advisors LLC purchased a new position in shares of D-Wave Quantum during the third quarter worth $30,000. Parkside Financial Bank & Trust raised its holdings in shares of D-Wave Quantum by 144.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,270 shares of the company’s stock worth $33,000 after purchasing an additional 750 shares during the last quarter. Triumph Capital Management lifted its position in D-Wave Quantum by 650.0% during the fourth quarter. Triumph Capital Management now owns 1,500 shares of the company’s stock valued at $39,000 after purchasing an additional 1,300 shares during the period. Finally, Kelleher Financial Advisors purchased a new stake in D-Wave Quantum in the third quarter valued at $40,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

D-Wave Quantum Company Profile

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.