D-Wave Quantum Inc (QBTS)

NASD · Technology · Computer Hardware · USA

D-Wave Quantum Inc is a mid cap company (market value between $2 billion and $10 billion) in the Computer Hardware industry.

D-Wave Quantum Inc develops and delivers quantum computing systems and solutions to address complex computational problems. The company offers both annealing and gate-model quantum computing platforms, along with cloud-based access through its Leap service, software, and professional services. Its customers include major enterprises across various industries seeking to solve optimization, simulation, and other advanced computational challenges.

From its FY2025 annual report (Form 10-K)

Intrinsic value, DCF valuation, financial health and value investing analysis for the D-Wave Quantum Inc stock.

Our verdict on QBTS

Overvalued: intrinsic value $2.19 per share, market price $11.78, margin of safety -437.1% (as of 2026-10-20).

Its liquidation floor, current assets minus every liability, values the shares at $2.19; the price of $11.78 is 437% above that value.

ETFs with the most weight in QBTS

17 more funds hold it; the full list is part of the paid plan.

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11 more in this industry show a wider margin of safety.

Is QBTS undervalued or overvalued?

QBTS is overvalued (as of the 2026-10-20 close). Its liquidation floor, current assets minus every liability, values the shares at $2.19; the price of $11.78 is 437% above that value.

What is the intrinsic value of QBTS?

$2.19 per share (as of the 2026-10-20 close), against a market price of $11.78. That is a margin of safety of -437.1%. The value is the average of the valuation methods that apply to this company, recomputed every night after the US close.