D-Wave Quantum Inc.
QBTS- Exchange
- Nasdaq
- Industry
- Services-Computer Processing & Data Preparation
- SEC CIK
- 0001907982
In the last 90 days, D-Wave Quantum Inc. insiders filed 0 open-market purchases and 1 sale; 557 institutions reported holding it in 13F filings for Q2 2026, worth $4.73B in total; no superinvestor holds it.
Key figures
- Market capClose on Nov 9, 2026
- $4.24B
- Insider buysOpen market, last 90 days
- 0
- Insider sellsLast 90 days, $19.8K in total
- 1
- 13F holdersQ2 2026, +64 vs. previous quarter
- 557
- 13F valueReported value at the end of Q2 2026
- $4.73B
- Superinvestors holdingAt the end of Q2 2026
- 0
Price chart
Financials
See financial statementsFrom SEC filings, in USD.
- Revenue, FY2025
- $24.6M
- +178.5% year over year
- Net income, FY2025
- -$355.1M
- No comparable prior period
- Free cash flow, FY2025
- -$75.8M
- No comparable prior period
- Revenue, Q2 FY2026
- $3.08M
- −0.6% year over year
Revenue flow, FY2025
Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue.
Net loss for FY2025: $355.1M (1444.1% of revenue).
Short interest
See short dataFrom FINRA, settlement date Oct 15, 2026.
- Short interest
- 79.1M
- Shares sold short
- Change
- +8.21M
- +11.6% vs. previous
- Days to cover
- 5.00
- At average daily volume
Superinvestors holding QBTS, Q2 2026
Go to the superinvestors tabNo superinvestor reported holding QBTS at the end of Q2 2026.
Latest insider trades
See all insider tradesOpen-market purchases and sales by D-Wave Quantum Inc. insiders from Form 4, newest first.
| Filed (ET) | Trade date | Filing delay | Insider | Transaction | Shares | Avg price | Value | Holding change | Flags |
|---|---|---|---|---|---|---|---|---|---|
| Sep 9, 2026 (view filing)5:09 PM ET | Sep 8 | 1 day | DiLullo John DDirector | SSaleCommon Stock, par value $0.0001 per share ("Common Stock") | −1.10K | $18.00 | −$19.8K | −5.2%20.2K after | 10b5-1 |
| Jul 21, 2026 (view filing)5:58 PM ET | Jul 20 | 1 day | Ames Sophie CExec. Vice President & CHRO | SSaleCommon Stock, par value $0.0001 per share ("Common Stock") | −3.07K | $16.95 | −$52.0K | −0.5%589.0K after | 10b5-1 |
| Jun 16, 2026 (view filing) | Jun 15 | 1 day | Ghai RohitDirector | SSaleCommon Stock, par value $0.0001 per share ("Common Stock") | −13.5K | $26.41 | −$357.0K | −36.4%23.6K after | 10b5-1 |
| Jun 16, 2026 (view filing) | Jun 12-15 | 4 days | Markovich John M.Chief Financial Officer | SSaleCommon Stock, par value $0.0001 per share ("Common Stock") | −246.0K | $25.40 | −$6.25M | −17.7%1.14M after | 3 lots |
| Jun 10, 2026 (view filing) | Jun 8 | 2 days | Baratz Alan EPresident & CEO | SSaleCommon Stock, par value $0.0001 per share ("Common Stock") | −687.6K | $26.13 | −$18.0M | −17.2%3.30M after | |
| Jun 10, 2026 (view filing) | Jun 8-9 | 2 days | Markovich John M.Chief Financial Officer | SSaleCommon Stock, par value $0.0001 per share ("Common Stock") | −51.0K | $26.24 | −$1.34M | −3.5%1.39M after | 2 lots |
| Jun 8, 2026 (view filing) | Jun 5 | 3 days | DiLullo John DDirector | SSaleCommon Stock, par value $0.0001 per share ("Common Stock") | −7.85K | $24.43 | −$191.8K | −26.9%21.3K after | 10b5-1 |
| Jun 4, 2026 (view filing) | Jun 2 | 2 days | Markovich John M.Chief Financial Officer | SSaleCommon Stock, par value $0.0001 per share ("Common Stock") | −2.91K | $31.00 | −$90.1K | −0.2%1.44M after | |
| May 27, 2026 (view filing) | May 22 | 5 days | Markovich John M.Chief Financial Officer | SSaleCommon Stock, par value $0.0001 per share ("Common Stock") | −328.8K | $27.70 | −$9.11M | −18.6%1.44M after | |
| May 22, 2026 (view filing) | May 21 | 1 day | Nguyen DianeEVP, Chief Legal Officer & GC | SSaleCommon Stock, par value $0.0001 per share ("Common Stock") | −40.0K | $25.01 | −$1.00M | −7.2%517.1K after | 10b5-1 |
Top 10 13F holders, Q2 2026
See all 557 holdersThe largest institutional positions in D-Wave Quantum Inc. at the end of Q2 2026; share changes are against Q1 2026.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| BlackRock, Inc. | 33,147,399 | $795.2M | 0.01% | +2,993,471+9.9% | Added |
| Vanguard Portfolio Management LLC | 22,021,534 | $528.3M | 0.02% | +1,228,403+5.9% | Added |
| Vanguard Capital Management LLC | 15,940,671 | $382.4M | 0.01% | +89,146+0.6% | Added |
| UBS Group AG | 11,645,700 | $279.4M | 0.04% | +1,776,125+18.0% | Added |
| Geode Capital Management, LLC | 9,270,389 | $222.4M | 0.01% | +230,645+2.6% | Added |
| State Street Corp | 9,029,667 | $216.6M | 0.01% | +558,864+6.6% | Added |
| Clear Street Group Inc. | 6,206,861 | $148.9M | 0.47% | +497,891+8.7% | Added |
| Norges Bank | 4,477,459 | $107.4M | 0.01% | +4,477,459 | New |
| Bank of America Corp | 4,342,782 | $104.2M | 0.01% | +456,746+11.8% | Added |
| Northern Trust Corp | 3,367,998 | $80.8M | 0.01% | +250,259+8.0% | Added |
Holders of 5% or more of QBTS
See all 3 holders and filingsHolders whose latest Schedule 13D or 13G filing reports 5% or more of D-Wave Quantum Inc..
| Holder | Latest form | Stake | Change | First filed | Latest filing | Filing |
|---|---|---|---|---|---|---|
| BlackRock, Inc. | 13G/A | 8.30%30.6M shares | +1.20 ppfrom 7.10% | Jul 17, 20252 filings | Jul 29, 2026 | SEC |
| Vanguard Portfolio Management LLC | 13G | 5.75%21.1M shares | New | Apr 29, 20261 filing | Apr 29, 2026 | SEC |
| Vanguard Capital Management LLC | 13G | 5.08%18.7M shares | New | Apr 29, 20261 filing | Apr 29, 2026 | SEC |