QBTS' surging margins and $836M cash position highlight its growing strength despite recent stock pressure.
D-Wave Quantum (QBTS) stock has declined by 24.2% over the past 21 trading days. This recent downturn underscores renewed worries regarding D-Wave's speculative valuation along with ongoing operating losses.
D-Wave Quantum (QBTS) stock has declined by 24.2% over the past 21 trading days. This recent downturn underscores renewed worries regarding D-Wave's speculative valuation along with ongoing operating losses.
D-Wave's surge, expanding commercial adoption and advancing annealing roadmap highlight a strong long-term story despite near-term pressure.
Although the final hours of the Nov. 17 trading week were a bright spot, quantum computing firm D-Wave Quantum Inc. NYSE: QBTS generally failed to reverse its share price cooldown, which had been ongoing for the most part throughout the month.
Shares of quantum computing firm D-Wave Quantum Inc. NYSE: QBTS seem to be cooling, despite a third-quarter earnings report that was notably strong on multiple fronts. The stock has plunged by more than 38% in the last month, essentially reversing all gains achieved since mid-September 2025.
QBTS posts triple-digit Q3 top-line growth and strong liquidity, but stretched valuations suggest caution despite long-term promise.
QBTS advances hybrid computing and R&D efficiency in Q3, underscoring a focused path toward scalable quantum solutions.
One of the most-hyped earnings reports of the quantum industry this season ended not with a rally, but a retreat. Shares of D-Wave Quantum Inc. NYSE: QBTS fell by nearly 22% in the first full week of trading in November 2025, closing the week under $30 per share.
D-Wave Quantum Inc. ( QBTS ) Q3 2025 Earnings Call November 6, 2025 8:00 AM EST Company Participants Kevin Hunt Alan Baratz - President, CEO & Director John Markovich - Chief Financial Officer Conference Call Participants Harsh Kumar - Piper Sandler & Co., Research Division Troy Jensen - Cantor Fitzgerald & Co., Research Division David Williams - The Benchmark Company, LLC, Research Division Quinn Bolton - Needham & Company, LLC, Research Division William Kingsley Crane - Canaccord Genuity Corp., Research Division Craig Ellis - B. Riley Securities, Inc., Research Division Sujeeva De Silva - ROTH Capital Partners, LLC, Research Division Tyler Perry Anderson - Craig-Hallum Capital Group LLC, Research Division Presentation Operator Good day, and welcome to the D-Wave Third Quarter 2025 Earnings Call.
D-Wave Quantum posts a wider Q3 loss but double revenues year over year, lifts margins sharply and gains on strong customer momentum.
Shares of quantum computing firm D-Wave Quantum Inc. NYSE: QBTS skyrocketed by 244% so far in 2025 on a great deal of hype and an even heftier volume of speculation. Though shares have cooled in the last month, dropping by about 5.5% in the 30 days leading to Nov. 3, investors have still jumped at hints of success for the firm—including rumors that the federal government may be considering taking equity positions in D-Wave and other quantum firms, for example, or news that the company made an important sale in Europe.