D-Wave Quantum (QBTS) stock

Quantum computers, software, and servicesQuantum computing

Worth $3.4B

$10.48

-8.63%

Quantum computers, worth $3.4BQuantum computing

As of Tuesday's close · Live for Pro members at the open

Quality Score

-8

Poor

In its industry

#260of 268

Software

Checks firing

1of 14

Trending down

From 52-week high

-67.6%

under its best in a year

QBTS's Quality Score fell 1 point on Tue, Nov 10, to -8. It closed away from its high of the day (2 chart checks stopped).

See QBTS's 14 chart checksSee it live, free until Thursday morning. No account. No card. Then keep going with a free account.

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Why QBTS rose 16% since Nov 5

Up 16% from Nov 5 to Nov 10.

D-Wave Quantum rose 16% from Nov 5 to Nov 10. It rose 18% on Nov 6 alone.

Sources: Price history, Nov 10, 2026

1 more reason, free with an account →3 more reasons why QBTS rose 16% since Nov 5, from its filings, with the other side, the timeline, and its peers, for Pro members.

Why QBTS still lags the market over a year

Down 61% over the year to Nov 9 while the S&P 500 rose 12%; up 16% since Nov 5.

6 reasons, from its filings, with the timeline and its peers, for Pro members.

Key facts on QBTS

Key facts on QBTS
Holding it back	Moves 9.4% a day with no profit behind it
Latest filing	8-K, Nov 10 Reported its quarterly results

1 more reason behind QBTS's -8, free with an account →4 more reasons behind QBTS's -8, for Pro members.

QBTS in the news

ReportThis morning: sales of $4.5M; a loss of $0.13 a share. Past reports ›

In the newsD-WAVE QUANTUM ($QBTS) Releases Q3 2026 Earnings quiverquant.com and 4 more · 7:06 AM ET

What's next

Wed Nov 11: Cantor Convergence 4th Annual…Investor conference · date confirmed.

Expected to report Thu Feb 25, before the open

After its last 4 reports it closed -5.6% on average, higher 1 of 4 times.

5 more dates ahead: conferences, for Pro members.

QBTS catalysts

27 past catalysts since 2023, with sizes and sources, for Pro members.

Why QBTS scores -8

Poorfor quality, not price, 1 of 14 chart checks firingWhat the Quality Score means

-8 is below -5, off the left end of the scale.

−2Long-term trend below a falling 200-⁠day average, down over one year
−2Growth sales down 44% on the year, gross margin down 18.3 pointsSales and margins against a year earlier: up to +3 for fast growth and widening margins, down to -2 when both shrink.

Chart checks adds
Profit subtractsRead on the last four quarters against the four before, or the last full year where no quarters are filed.
Dilution subtractsNew shares over the year: -1 at 10% more, -2 at 25% more.
Volatility subtractsA daily range of 5% or more with nothing behind it (no profit or cash flow, sales shrinking, or 10% more shares outstanding with no free cash flow): -1, or -2 from 8%.
Cash flow subtracts-1 when free cash flow over the last four quarters is negative.

No effect today: Run-up, Size, Persistence, and News.

What every line is worth, and the reason behind it, on QBTS and every other stock.Get in free →

Price, score, chart checks, and the industry rank are from a snapshot taken at 11:29 PM ET, at least 15 minutes behind. How we rank stocks.

Tested. Our top-scored stocks returned 2.2x the average stock over the next month. Reconstructed after the fact; recorded live since Sep 9, 2026. How we tested it

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How QBTS ranks in Software

QBTS is #260 of 268 by Quality Score.

How QBTS ranks in Software
Rank	Stock	Checks	Quality Score
1	HNGEHinge Health	9/14	21
2	ZETAZeta Global	8/14	20
3	VEEVVeeva Systems	7/14	19
	PTCPTC		Open for its score
	PUBMPubMatic		Open for its score
	QLYSQualys		Open for its score
	QMLSQumulusAI		Open for its score
260	QBTSD-⁠Wave Quantum	1/14	-8

Share count against a year before: QBTS +23%, QUBT +41%, RGTI +12%, IONQ +32%.

When does QBTS report earnings, and what happens after?

Expected to report Thu Feb 25, before the open (in 107 days).

What an earnings report is: every 3 months, a company tells everyone how much it sold and earned. We read the figures, the outlook, and how the stock moved after.

What QBTS reported on Nov 10, 2026

The quarter

Sales of $4.5M, 21% more than a year ago; a loss of $0.13 a share, from $0.41.

“The decrease in gross profit and gross margin was due primarily to a revenue mix with a higher proportion of professional services revenue that carries a lower margin, as well as an increase in non-cash stock-based compensation of $0.2 million.”

The quarter that ended Sep 30, from the company's press release

The press release The filing on EDGAR

Where the sales came from

QBTS's results filing gives no sales by line in a table we read.

The outlook

No outlook figures read from this release.

The numbers

Market value: $3.4B; today
Sales: $12.4M; down 44.2% on the year
Free cash flow: -$119M; last 12 months

3 more figures, for Pro members.

No analyst estimates on Breakaway: every figure here is filed.

The whole report on QBTS: every line of its sales, every outlook beside the one it replaced, and the company's words, for Pro members.

Close after the report, last 3

-7.0%-9.3%-8.6%

May 12Aug 6Nov 10

Reported	When	Gap	Reaction	5 days
Nov 10, 2026Before open	Before open	-3.6%	-8.6%	not yet
Aug 6, 2026Before open	Before open	-13.8%	-9.3%	-3.0%
May 12, 2026Before open	Before open	-6.7%	-7.0%	-20.7%

QBTS closed higher after 1 of its last 4 reports.

All 4 reports, and QBTS's Quality Score going into each

QBTS sales and profit by year

Sales and profit by year

Sales grew every year from 2020 to 2025, to $24.6M. It lost money in each of the six years.

QBTS has 1 of 14 chart checks firing

Trend1 of 5 shown

MA FAN 21 EMA W.EMA HH/HL 52W HI

Volume1 of 3 shown

VOL VDU U/D VOL

Tight range1 of 3 shown

ATR SQZ SQUEEZE NR7

Buying1 of 3 shown

OBV+CLOSE HI SPRING

The other 10 checks on QBTS, and all 14 on every stock.Get in free →

QBTS RSI today: 39.3, below its 50-day and 200-day averages

Not scored

RSI 39.3, MACD above signal, below both averages. Not scored.13 readings

The deep dive on QBTS

What it does and how it makes money6 findingsAn operating loss of $100M in fiscal 2025, on $24.6M of sales.Annual report, filed Feb 26, 2026"As of December 31, 2025, we owned more than 550 granted and pending patents worldwide, including more than 260 issued U.S. patents, which will expire between 2026 and 2043." (10-K for fiscal 2025)SEC filing · Feb 26, 2026
Where it stands5 findingsFor Pro members5 findings on where QBTS stands: its cash, debt, and share count, for Pro members
What changed in its filings7 findingsA new heading in its "Risk Factors" this year: "The failure to successfully integrate Quantum Circuits could adversely affect our operations." (10-K for fiscal 2025; not in fiscal 2024's)SEC filing · Feb 26, 2026, against the one of Mar 14, 2025One customer made up 67% of its revenue in fiscal 2025, up from 17% in fiscal 2024.SEC filing · Feb 26, 2026Backlog rose 668% in a year, to $40.7M on Jun 30, 2026 from $5.30M: sales under contract, not yet delivered.Filed figures, Jun 30, 2026
Who holds and trades it3 findingsFor Pro members3 findings on who holds and trades QBTS, for Pro members
Against its closest peers4 peersShare count against a year before: QBTS +23%, QUBT +41%, RGTI +12%, IONQ +32%.

16 more findings on QBTS, each with its source, for Pro members.

QBTS insider trades

2 insiders sold $34.8M across 8 filings in the last 6 months. No open-⁠market buys on record. The newest:

SellJohn M. Markovich$2.6MChief Financial Officerat $25.75 on Jun 15, filed Jun 16

SellJohn M. MarkovichChief Financial Officer$2.6Mat $25.75 on Jun 15, filed Jun 16

All 8 insider filings on QBTS from the last six months, for Pro members.

All QBTS insider trades

QBTS's officers and directors

Officers and directors with a Form 4 in the last 12 months.

Alan E. BaratzPresident & CEO · 4 trades
John M. MarkovichChief Financial Officer · 9 trades
John M. MarkovichChief Financial Officer · 6 trades
Diane NguyenEVP, Chief Legal Officer & GC · 7 trades
Sophie C. AmesExec. Vice President & CHRO · 3 trades
Gregory GolkovActing CFO & SVP, Finance · no trades on file
Stanley T. BlackExec. Vice President & CISO · no trades on file
John D. DiLulloDirector · 4 trades

7 more officers and directors file at QBTS.

See insider trades by person

Which ETFs hold QBTS?

In ETFs: QBTS is under 0.1% of FTEC, under 0.1% of VGT, and under 0.1% of VTI, the most of the 24 funds Breakaway covers, by each fund's latest filing, Jun 30 to Aug 31, 2026.

About D-Wave Quantum

D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.

388 employeesPalo Alto, CAdwavequantum.com

What D-Wave Quantum says it competes with

“The quantum computing market is highly competitive.”

From its annual report, SEC filing · Feb 26, 2026

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What would turn QBTS's score around: 9 things
6 more filings explained, a plain line each
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BreakawayJun 16John M. Markovich sold QBTS$2.6M at $25.75, filed Jun 16

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See QBTS's 14 chart checks

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Straight AnswersStraight Answers

As of Nov 10, 2026: QBTS's Quality Score is -8 (Poor), #260 of 268 in Software. Insiders sold $34.8M in the last 6 months (Form 4).

What does QBTS's Quality Score say?

QBTS scores -8 today, which Breakaway calls Poor. It is #260 of 268 in Software by Quality Score, with 1 of 14 chart checks firing. Up 16% from Nov 5 to Nov 10. Shares: 22.7% more than a year ago (to Jun 30). Breakaway does not say whether to buy any stock: the score does not know your situation, and it is not a recommendation to buy or sell anything. Please do your own research.

What is QBTS's Quality Score?

QBTS scores -8 today, which Breakaway calls Poor (below zero). That is #260 of 268 in Software by Quality Score. The score adds up the chart checks, the trend, the company's filed sales, its profits, the news, insider trades, and Congress trades. The section above lists the lines behind QBTS's -8.

Are insiders buying QBTS?

2 insiders sold $34.8M across 8 filings in the last 6 months. No open-⁠market buys on record. The newest is John M. Markovich, Chief Financial Officer, who sold $2.6M on Jun 15. Every filing, with the scored weight, for Pro members.

Are the prices delayed?

Only on the public pages, which run at least 15 minutes behind. Pro members, and anyone on a guest pass, see real-time prices: the scanner refreshes every 15 seconds, and your watchlist every few seconds, pre-market and after hours included.