D-Wave Quantum Inc. (QBTS)
NasdaqGS · Price as of · Nasdaq Real Time Price
- Profitability6/20
Losing money but improving: $-151.0M over the last four reported quarters versus $-398.8M the year before.
- Insider buying vs selling11/20
Insiders are sellers only: 9 sells worth $26.2M, no open-market buys, across the last 20 Form 4s. Routine executive selling is common, so this is only a mild negative. Separately, 2 new 5%+ stake disclosures (13D/13G) hit in the last 6 months, which is big-money accumulation.
- Dilution and offerings6/15
Share count up 9.1% in a year plus 2 offering-related filings. Real dilution. One nuance: offerings raise cash that can fund real growth. The score docks the certain near-term dilution; if the spending pays off, it shows up later in the profitability component.
- Analysts16
- Implied upside+107.4%
- Target range$22.00 to $43.00
- EPS expected-$0.09
- A year ago-$0.05
- Revenue expected$4.3M +16%
- Estimate range-$0.13 to -$0.02
QBTS closed at $17.90 on Aug 27, up 10.6% since Jul 29. Chart read: price below both the 50-day and 200-day moving averages; the 50-day is below the 200-day (downtrend structure); trading at 13% of the 52-week range ($12.98 to $44.78).
Insider buying and selling at D-Wave Quantum Inc. (QBTS)
The most recent Form 4 on record for D-Wave Quantum Inc. (QBTS) is June 12, 2026, when John M. Markovich, Chief Financial Officer, sold $6.2M of stock. Nothing in the filing ties this one to a pre-arranged plan, so it was the filer's own call.
| Insider | Action | Value | Date | Type |
|---|---|---|---|---|
| John M. Markovich · Chief Financial Officer | Sell | $6.2M | June 12, 2026 | Own call |
| Alan E Baratz · President & CEO | Sell | $18.0M | June 8, 2026 | Own call |
| John M. Markovich · Chief Financial Officer | Sell | $9.1M | May 22, 2026 | Own call |
| Alan E Baratz · President & CEO | Sell | $23.9M | December 22, 2025 | Routine |
| Steven M West · Director | Buy | $1,795 | November 18, 2025 | Own call |
| Alan E Baratz · President & CEO | Sell | $23.3M | November 11, 2025 | Routine |
SEC filings
| Form | Filed | Description |
|---|---|---|
| 8-K | August 25, 2026 | 8-K |
| 4 | August 18, 2026 | FORM 4 |
| 4 | August 18, 2026 | FORM 4 |
| 8-K | August 18, 2026 | 8-K |
| 8-K | August 17, 2026 | 8-K |
| 10-Q | August 6, 2026 | 10-Q |
| 8-K | August 6, 2026 | 8-K |
| 8-K | August 5, 2026 | 8-K |
D-Wave Quantum news
All 8 articles
Rigetti (RGTI) and D-Wave (QBTS) report earnings Thursday. Rigetti's last profit was a warrant revaluation.
D-Wave reports Thursday morning and Rigetti Thursday afternoon, with IonQ going first on Wednesday. The Street wants about $4 million of revenue from D-Wave and $5 million from Rigetti, against market caps of $8.1 billion and $5.8 billion.
I let Claude AI trade $100 on Robinhood, week 6: It swapped CleanSpark (CLSK) for D-Wave Quantum (QBTS) and quit 23 minutes later
Claude AI's CleanSpark (CLSK) stop fired Monday for a $2.36 loss and was right, since CLSK fell another 10% after. Then it bought D-Wave (QBTS) at Tuesday's open into a chip crash, sold 23 minutes later for $1.80, and filed a report two minutes after that saying it had not traded.
Articles that mention D-Wave Quantum without it being the main subject.
Lee Ainslie's Maverick Capital held 20 million Infleqtion (INFQ) shares in February. Now it has 1.4 million left.
Lee Ainslie's Maverick Capital has reported about $266 million of Infleqtion (INFQ) stock sales since May, and Friday's filing shows the wind-down is nearly finished. A stake that started at 20 million shares in February is down to 1.4 million, and an August misstep means Maverick owes Infleqtion a $299,922.51 check.
All seven Magnificent Seven stocks fell today. Here's where that money actually went (July 23, 2026)
All seven Magnificent Seven stocks were red by late morning Thursday, led by Tesla's 14% drop on an earnings miss and Alphabet's close-to-7% slide despite beating estimates, on another capex raise. Amazon and Meta sold off too ahead of next week's reports. The money didn't just leave, it rotated: into defense on Lockheed's earnings beat, and out of quantum, SaaS and space.
I let Claude AI trade $100 on Robinhood, week 4: It's 0 for 4, then it passed on IREN's 17% jump, and watched it run higher
Claude AI is 0 for 4 with my $100 and the account is down to $74.59. On Monday it built an order for IREN at $39.45, then found that the same stock had popped on the same news back on July 6 and given back 23%, and walked away. IREN ran higher without it.
Frequently asked questions
When does QBTS report earnings?
D-Wave Quantum Inc. (QBTS) is scheduled to report quarterly results on November 5, 2026 (estimated). The 16-analyst consensus is -$0.09 per share on revenue of $4.3M for the quarter ending September 30, 2026, against -$0.05 and $3.7M a year earlier. It has beaten the consensus EPS estimate in 2 of the last four quarters. The date is an estimate from past reporting patterns and can move until the company confirms it.
What do analysts expect for QBTS?
16 analysts cover D-Wave Quantum Inc. (QBTS). The consensus rating is Strong buy. The average price target is $35.24, in a range of $22.00 to $43.00.
Are insiders buying or selling QBTS?
We track Form 4 filings for D-Wave Quantum Inc. (QBTS). The activity listed on this page shows 1 open-market purchase and 5 qualifying sales. Each row is labelled Routine when the filer declared a pre-arranged 10b5-1 plan, Tax withholding when shares were sold automatically to cover the tax on a vest, or Own call when neither applies.
Where can I see QBTS SEC filings?
Recent filings are listed on this page, newest first. The latest is an 8-K filed August 25, 2026.