D-Wave Quantum (QBTS) Expected to Announce Earnings on Thursday

D-Wave Quantum (NYSE:QBTS) is anticipated to announce its Q3 2025 results before the market opens on Thursday, November 6th. Analysts expect the company to announce earnings of ($0.07) per share and revenue of $3.0280 million for the quarter. Individuals are encouraged to explore the company’s upcoming Q3 2025 earningoverview page for the latest details on the call scheduled for Thursday, November 6, 2025 at 8:00 AM ET.

D-Wave Quantum (NYSE:QBTS) last released its earnings results on Thursday, August 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The company had revenue of $3.10 million during the quarter, compared to analyst estimates of $2.55 million. D-Wave Quantum had a negative net margin of 1,263.92% and a negative return on equity of 118.87%. D-Wave Quantum’s quarterly revenue was up 40.9% compared to the same quarter last year. On average, analysts expect D-Wave Quantum to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

D-Wave Quantum Stock Performance

Shares of NYSE:QBTS traded down $1.12 during trading on Tuesday, reaching $31.97. The company had a trading volume of 16,919,899 shares, compared to its average volume of 64,615,414. The company has a debt-to-equity ratio of 0.05, a current ratio of 42.99 and a quick ratio of 42.86. D-Wave Quantum has a fifty-two week low of $0.99 and a fifty-two week high of $46.75. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of -30.45 and a beta of 1.53. The stock’s fifty day moving average price is $26.97 and its 200 day moving average price is $19.09.

Analyst Upgrades and Downgrades

QBTS has been the topic of a number of recent analyst reports. Roth Capital reaffirmed a “buy” rating on shares of D-Wave Quantum in a report on Wednesday, October 15th. Stifel Nicolaus initiated coverage on D-Wave Quantum in a report on Tuesday, August 5th. They set a “buy” rating and a $26.00 price objective on the stock. Rosenblatt Securities initiated coverage on D-Wave Quantum in a report on Tuesday, July 29th. They set a “buy” rating and a $30.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of D-Wave Quantum in a report on Tuesday, October 14th. Finally, Wall Street Zen lowered D-Wave Quantum from a “hold” rating to a “sell” rating in a report on Saturday, August 9th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat, D-Wave Quantum currently has a consensus rating of “Moderate Buy” and an average price target of $20.27.

Insiders Place Their Bets

In other D-Wave Quantum news, CEO Alan E. Baratz sold 31,369 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $43.74, for a total transaction of $1,372,080.06. Following the completion of the sale, the chief executive officer owned 2,801,265 shares in the company, valued at $122,527,331.10. This trade represents a 1.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rohit Ghai sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $17.93, for a total value of $179,300.00. Following the sale, the director owned 47,778 shares of the company’s stock, valued at approximately $856,659.54. This trade represents a 17.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 207,363 shares of company stock worth $4,659,478 in the last quarter. Company insiders own 3.20% of the company’s stock.

Institutional Investors Weigh In On D-Wave Quantum

A number of hedge funds have recently bought and sold shares of QBTS. State Street Corp grew its stake in D-Wave Quantum by 41.3% during the 2nd quarter. State Street Corp now owns 6,648,395 shares of the company’s stock valued at $97,333,000 after purchasing an additional 1,941,762 shares in the last quarter. Man Group plc acquired a new stake in D-Wave Quantum during the 2nd quarter valued at approximately $26,535,000. Ameriprise Financial Inc. grew its stake in D-Wave Quantum by 2,927.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 430,120 shares of the company’s stock valued at $6,297,000 after purchasing an additional 415,915 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in D-Wave Quantum during the 1st quarter valued at approximately $3,013,000. Finally, HRT Financial LP acquired a new position in shares of D-Wave Quantum in the 2nd quarter worth approximately $4,079,000. Institutional investors and hedge funds own 42.47% of the company’s stock.

About D-Wave Quantum

D-Wave Quantum Inc develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community.