Stocktoria
D-Wave Quantum Inc. QBTS
D-Wave Quantum Inc. (QBTS) earns a Piotroski F-score of 5/9 (mixed financial health), with an Altman Z″ in the safe zone. It does not currently pay a dividend. FY2025 revenue was $24.6M at a -1444.1% net margin.
Quality score trend · recomputed for each fiscal year
Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.
Beneish M-score: -2.99 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-06-15 | Mizuho | Outperform (main) |
| 2026-06-11 | Rosenblatt | Buy (main) |
| 2026-06-02 | B. Riley Securities | Buy (main) |
| 2026-06-02 | Roth Capital | Buy (main) |
| 2026-06-02 | Rosenblatt | Buy (main) |
| 2026-06-02 | Needham | Buy (reit) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
How it ranks in Services · percentile among 982 companies
Percentile vs other Services companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.
Piotroski F breakdown · 5/9 tests passed
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · safe zone
| Component | Value |
|---|---|
| Working capital / assets | 0.956 |
| Retained earnings / assets | -1.072 |
| EBIT / assets | -0.11 |
| Equity / liabilities | 13.403 |
Sector peers · similar-size Services companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| QBTS | D-Wave Quantum Inc. | 5/9 | 16.11 | — | — |
| FCCN | SPECTRAL CAPITAL Corp | 3/9 | — | 409.6 | — |
| WKEY | Wisekey International Holding S.A. | 4/9 | 11.9 | — | +62.4% |
| DTGI | Digerati Technologies, Inc. | 2/9 | — | — | +30.9% |
| NXTT | Next Technology Holding Inc. | 4/9 | 13.41 | 0.6 | — |
| ONFO | Onfolio Holdings, Inc | 4/9 | -9.76 | — | — |
| HTCR | HeartCore Enterprises, Inc. | 4/9 | -1.89 | 0.8 | -70.5% |
About D-Wave Quantum Inc.
D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company's server. The company also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.
FAQ
Is QBTS financially healthy?
D-Wave Quantum Inc.'s Piotroski F-score is 5/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the safe zone.
Does QBTS pay a dividend?
No, D-Wave Quantum Inc. does not currently pay a dividend.
How profitable is QBTS?
In FY2025, D-Wave Quantum Inc. had a net margin of -1444.1% and a return on equity of -41.7%.
What is the analyst price target for QBTS?
The average Wall-Street price target for D-Wave Quantum Inc. is $37.39, about 130.6% above the recent price, from 15 analysts (consensus: strong buy).
Is QBTS a good stock to buy?
Stocktoria doesn't give buy or sell advice, but here is the data on D-Wave Quantum Inc.: a Piotroski F-score of 5/9, an Altman Z″ in the safe zone. Weigh these quality and valuation signals against your own goals.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.