Market Cap
$6.3B
QBTS
D-Wave Quantum Inc.
$16.40 ▼ -0.97%
Prev close $16.56Market cap$6.3B
ConsensusStrong Buy
12-mo target$34.65 (+110.6%)
▲ Bullish
Analyst conviction 9/10
Insider Selling Cluster (2 insiders)High Impact Filing (7/10)40 New Institutional Positions10 Institutional Exits Quantum Computing
Snapshot
The big-picture read on QBTS right now — valuation, ownership and activity at a glance.
Cap Size
Mid Cap
Analyst Consensus
Strong Buy (88%)
Inst. Holders
50 funds
Inst. Value
$4.5B
Inst. Activity
40 buys / 10 sells
Insider Activity
$0.00 buy / $19.5M sell
Insider Net $
-$19.5M
Social Sentiment
62° Warm
SEC Reports
20
Price chart 30d -0.5%
Daily candles (open–high–low–close) with volume. Green = up day, red = down day.
No data for this timeframe.
Vol
Recent activity
The latest filings, insider trades, analyst actions, press and options flow — newest first.
Oct 1, 2026 short_volume
Short Volume: QBTS — 63.2% short (3.1M / 4.9M)
Short: 3,100,884 | Exempt: 18,392 | TRF Vol: 4,906,714 | Short Ratio: 63.2% | Off-exchange volume (d
Sep 17, 2026 Insider
Sep 15, 2026 SEC GOLKOV GREGORY was granted 27,081 shares
Acting CFO & SVP, Finance
D-Wave Quantum Inc. announced its platinum sponsorship of Quantum World Congress 2026, where it will showcase results fr
8-K — Impact 2/10
Sep 15, 2026 Insider
GOLKOV GREGORY surrendered for taxes 1,132 shares
Acting CFO & SVP, Finance @ $16.83 ($19.1K)
Sep 15, 2026 Insider
Sep 9, 2026 SEC Nguyen Diane surrendered for taxes 3,191 shares
EVP, Chief Legal Officer & GC @ $16.83 ($53.7K)
D-Wave Quantum Inc. finalized a definitive Other Transaction Agreement (OTA) with the U.S. Department of Commerce for up
8-K — Impact 7/10
D-Wave Quantum Inc. announced that CFO John Markovich is retiring effective September 2, 2026, with SVP of Finance Greg
8-K — Impact 3/10
Jun 30, 2026 Inst.
NORGES BANK — NEW
4,477,459 shares ($107.4M)
Analyst ratings buy % -2.2%
How Wall Street rates the stock today, and the latest firm-by-firm actions.
88% rate it Buy or better · 24 analysts
Recent analyst actions
| Date | Firm | Action | Rating | Firm rating |
|---|---|---|---|---|
| Aug 7, 2026 | Rosenblatt | MAINTAIN | Buy | 54% |
| Jul 28, 2026 | Rosenblatt | MAINTAIN | Buy | 54% |
| Jul 27, 2026 | Benchmark | INITIATE | Buy | 54% |
| Jun 15, 2026 | Mizuho | MAINTAIN | Outperform | 52% |
| Jun 11, 2026 | Rosenblatt | MAINTAIN | Buy | 54% |
| Jun 2, 2026 | B. Riley Securities | MAINTAIN | Buy | 54% |
| Jun 2, 2026 | Roth Capital | MAINTAIN | Buy | 56% |
| Jun 2, 2026 | Rosenblatt | MAINTAIN | Buy | 54% |
| Jun 2, 2026 | Needham | REITERATE | Buy | 50% |
| May 13, 2026 | Canaccord Genuity | MAINTAIN | Buy | 47% |
Monthly consensus history
| Period | Str. Buy | Buy | Hold | Sell | Str. Sell | Buy % | Distribution |
|---|---|---|---|---|---|---|---|
| Sep 1, 2026 | 5 | 16 | 2 | 1 | 0 | 88% | |
| Aug 1, 2026 | 5 | 15 | 2 | 1 | 0 | 87% | |
| Jul 1, 2026 | 5 | 15 | 2 | 0 | 0 | 91% | |
| Jun 1, 2026 | 5 | 14 | 3 | 0 | 0 | 86% | |
| May 1, 2026 | 5 | 14 | 3 | 0 | 0 | 86% | |
| Apr 1, 2026 | 5 | 14 | 2 | 0 | 0 | 90% | |
| Mar 1, 2026 | 5 | 15 | 1 | 1 | 0 | 91% | |
| Feb 1, 2026 | 5 | 14 | 1 | 1 | 0 | 90% |
Price targets
Where 16 covering analysts think QBTS trades over the next 12 months.
$34.65 +110.6% upside Strong Buy
Current$16.45 Low$18.36 Median$36.00 High$43.00 16 analysts
$18.36$43.00
Analyst rating Strong Buy· 1.3/5 as of Oct 2, 2026
Social media sentiment mood +50.0%
Retail-investor mood aggregated across social media. 0° = very bearish, 100° = very bullish.
62°
Warm
BearishNeutralBullish
Recent posts
Reports & filings
AI-scored summaries of recent SEC filings and press releases, with sentiment and impact.
20 SEC filing reports analyzed · 4 bullish, 3 bearish, 1 mixed, 12 neutral · avg impact 3.8/10.
NEUTRAL8-K2/10
D-Wave Quantum Inc. announced its platinum sponsorship of Quantum World Congress 2026, where it will
Sep 15, 2026
BULLISH8-K7/10
D-Wave Quantum Inc. finalized a definitive Other Transaction Agreement (OTA) with the U.S. Departmen
Sep 9, 2026
NEUTRAL8-K3/10
D-Wave Quantum Inc. announced that CFO John Markovich is retiring effective September 2, 2026, with
Aug 25, 2026
BULLISH8-K5/10
D-Wave announced that NTT DOCOMO, Japan's largest mobile operator, has deployed a second D-Wave-powe
Aug 18, 2026
Upcoming & catalyst events
Scheduled dates plus disclosed catalysts — earnings, dividends, enforcement, FDA and clinical-trial events. Colored dot = impact.
Oct 1, 2026
short_volume
Short Volume: QBTS — 63.2% short (3.1M / 4.9M)
Short: 3,100,884 | Exempt: 18,392 | TRF Vol: 4,906,714 | Short Ratio: 63.2% | Off-exchange volume (dark pool + OTC)
Sep 30, 2026
other
Notice to QBTS Investors of Investigation: Kessler Topaz Meltzer & Check, LLP Encourages QBTS Investors with Losses to Contact the Firm
RADNOR, Pa., Sept. 30, 2026 /PRNewswire/ -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm,
Sep 29, 2026
short_volume
Short Volume: QBTS — 61.4% short (3.5M / 5.7M)
Short: 3,490,476 | Exempt: 624 | TRF Vol: 5,685,483 | Short Ratio: 61.4% | Off-exchange volume (dark pool + OTC)
Sep 26, 2026
other
QBTS Investor Investigation Reminder: Kessler Topaz Meltzer & Check, LLP Encourages QBTS Investors with Losses to Contact the Firm
RADNOR, Pa., Sept. 25, 2026 /PRNewswire/ -- Kessler Topaz Meltzer & Check, LLP (www.ktmc.com), a nationally recognized securities litigation law firm,
Sep 24, 2026
other
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of D-Wave Quantum Inc. - QBTS
NEW YORK, Sept. 24, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of D-Wave Quantum Inc. ("D-Wave" or the "Company
Earnings estimates
Forecast earnings per share and revenue by period — and whether estimates are rising.
| Period | EPS Est. | Range | Growth | 30d Rev | Up/Dn | Revenue | # |
|---|---|---|---|---|---|---|---|
| Current Q | $-0.09 | $-0.13–$-0.02 | -87.5% | +0.3% | 2↑ 3↓ | $0.0B | 16 |
| Next Q | $-0.05 | $-0.09–$-0.02 | 39.6% | -3.2% | 2↑ 1↓ | $0.0B | 16 |
| Current FY | $-0.29 | $-0.48–$-0.18 | -12.7% | +0.0% | 3↑ 3↓ | $0.0B | 17 |
| Next FY | $-0.38 | $-0.63–$-0.23 | -28.9% | +0.2% | 5↑ 1↓ | $0.1B | 17 |
Current-quarter EPS estimate — revision history
| When | EPS estimate | Change vs now |
|---|---|---|
| Current | $-0.094 | — |
| 7d ago | $-0.094 | — |
| 30d ago | $-0.094 | +0.000 |
| 60d ago | $-0.084 | -0.010 |
| 90d ago | $-0.084 | -0.010 |
Institutional ownership
Which big funds own QBTS (from quarterly 13F filings) and who is adding or trimming.
50 institutional holders with $4.5B total value (186,502,803 shares) as of 2026-Q2. Top holders: NOMURA, BlackRock,, VANGUARD. Net buying activity: 40 institutions added/increased vs 10 reduced.
Top holders — 2026-Q2
| Fund | Shares | Value | % Tracked | Last move |
|---|---|---|---|---|
| NOMURA ASSET MANAGEMENT CO LTD | 0 | $0.00 | 0.0% | — |
| BlackRock, Inc. | 33,147,399 | $795.2M | 17.6% | — |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 22,021,534 | $528.3M | 11.7% | — |
| VANGUARD CAPITAL MANAGEMENT LLC | 15,940,671 | $382.4M | 8.5% | — |
| UBS Group AG | 11,645,700 | $279.4M | 6.2% | — |
| GEODE CAPITAL MANAGEMENT, LLC | 9,270,389 | $222.4M | 4.9% | — |
| STATE STREET CORP | 9,029,667 | $216.6M | 4.8% | — |
| Clear Street Group Inc. | 6,206,861 | $148.9M | 3.3% | — |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 5,556,000 | $133.3M | 2.9% | — |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 5,139,100 | $123.3M | 2.7% | — |
Recent position changes
| Fund | Action | Prev | Current | Change | Value |
|---|---|---|---|---|---|
| NORGES BANK | NEW | — | 4,477,459 | — | $107.4M |
| JPMORGAN CHASE & CO | DOUBLED | 1,367,949 | 2,744,938 | +100.7% | $65.8M |
| GOLDMAN SACHS GROUP INC | TRIM | 4,277,322 | 2,681,329 | -37.3% | $64.3M |
| VAN ECK ASSOCIATES CORP | ADD | 1,532,953 | 2,339,788 | +52.6% | $56.1M |
| Bank of New York Mellon Corp | ADD | 1,429,367 | 2,290,584 | +60.3% | $55.0M |
| Marex Group Ltd | ADD | 993,190 | 1,820,485 | +83.3% | $43.7M |
| WELLINGTON MANAGEMENT GROUP LLP | DOUBLED | 385,413 | 1,820,070 | +372.2% | $43.7M |
| CITADEL ADVISORS LLC | DOUBLED | 774,073 | 1,635,086 | +111.2% | $39.2M |
| Clearbridge Investments, LLC | NEW | — | 1,449,909 | — | $34.8M |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | DOUBLED | 690,145 | 1,405,944 | +103.7% | $33.7M |
Insider activity
Buying and selling by company executives and directors (SEC Form 4).
12 insiders, 50 transactions. Net -$19.5M — $0.00 bought, $19.5M sold.
| Date | Insider | Title | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Sep 17, 2026 | GOLKOV GREGORY | Acting CFO & SVP, Finance | AWARD | 27,081 | — | — |
| Sep 15, 2026 | GOLKOV GREGORY | Acting CFO & SVP, Finance | TAX W/H | 1,132 | $16.83 | $19.1K |
| Sep 15, 2026 | Nguyen Diane | EVP, Chief Legal Officer & GC | TAX W/H | 3,191 | $16.83 | $53.7K |
| Sep 15, 2026 | AMES SOPHIE C | Exec. Vice President & CHRO | TAX W/H | 1,544 | $16.83 | $26.0K |
| Sep 15, 2026 | BLACK STANLEY T | Exec. Vice President & CISO | TAX W/H | 1,535 | $16.83 | $25.8K |
| Sep 8, 2026 | DiLullo John D | Director | SELL | 1,100 | $18.00 | $19.8K |
| Aug 17, 2026 | AMES SOPHIE C | Exec. Vice President & CHRO | TAX W/H | 23,850 | $21.17 | $504.9K |
| Aug 17, 2026 | Nguyen Diane | EVP, Chief Legal Officer & GC | TAX W/H | 4,042 | $21.17 | $85.6K |
| Jul 20, 2026 | AMES SOPHIE C | Exec. Vice President & CHRO | SELL | 3,070 | $16.95 | $52.0K |
| Jul 14, 2026 | Nguyen Diane | EVP, Chief Legal Officer & GC | TAX W/H | 4,066 | $18.66 | $75.9K |
Short interest & halts
FINRA semi-monthly short positions, Reg SHO threshold status, and recent trading halts for QBTS.
Shares short
67,980,668
Settlement Sep 15, 2026
Change vs prior
-4.9%
Semi-monthly cycle
Days to cover
4.7
At avg daily volume
Of shares outstanding
≈17.9%
Estimate — not % of float
All QBTS filing & press-release reports (32)
- 8-K reportSep 15, 2026
- 8-K reportSep 9, 2026
- 8-K reportAug 25, 2026
- 8-K reportAug 18, 2026
- 8-K reportAug 17, 2026
- 8-K reportAug 6, 2026
- 8-K reportAug 3, 2026
- 8-K reportJul 27, 2026
- 8-K reportJul 24, 2026
- 8-K reportJul 14, 2026
- 8-K reportJul 7, 2026
- 8-K reportJun 30, 2026
- 8-K reportJun 18, 2026
- CLUSTER reportJun 16, 2026
- 144 reportJun 12, 2026
- INST-CLUSTER reportJun 11, 2026
- CLUSTER reportJun 10, 2026
- 144 reportJun 9, 2026
- 144 reportJun 8, 2026
- 144 reportJun 8, 2026
- 144 reportJun 5, 2026
- 144 reportJun 2, 2026
- 8-K reportJun 1, 2026
- CLUSTER reportMay 27, 2026
- 8-K reportMay 26, 2026
- CLUSTER reportMay 22, 2026
- 8-K reportMay 21, 2026
- 8-K reportMay 12, 2026
- 8-K reportMay 4, 2026
- CLUSTER reportMar 17, 2026
- INST-CLUSTER reportFeb 28, 2026
- 8-K reportFeb 26, 2026