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

D-Wave Quantum (NYSE:QBTS) is anticipated to announce its Q4 2025 results before the market opens on Thursday, February 26th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $3.74 million for the quarter. Interested persons may visit the the company’s upcoming Q4 2025 earning results page for the latest details on the call scheduled for Thursday, February 26, 2026 at 8:00 AM ET.

D-Wave Quantum Stock Performance

NYSE:QBTS opened at $18.69 on Wednesday. The company has a quick ratio of 54.49, a current ratio of 54.68 and a debt-to-equity ratio of 0.05. D-Wave Quantum has a twelve month low of $4.45 and a twelve month high of $46.75. The company has a fifty day moving average of $24.58 and a 200-day moving average of $24.96. The firm has a market capitalization of $6.91 billion, a P/E ratio of -13.85 and a beta of 1.56.

Insider Activity at D-Wave Quantum

In other D-Wave Quantum news, CFO John M. Markovich sold 100,000 shares of D-Wave Quantum stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $30.03, for a total transaction of $3,003,000.00. Following the transaction, the chief financial officer directly owned 1,471,312 shares of the company’s stock, valued at $44,183,499.36. The trade was a 6.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John D. Dilullo sold 8,000 shares of the company’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $27.36, for a total transaction of $218,880.00. Following the completion of the sale, the director owned 27,803 shares of the company’s stock, valued at approximately $760,690.08. The trade was a 22.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,074,466 shares of company stock valued at $31,558,806 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG increased its stake in D-Wave Quantum by 541.6% in the 3rd quarter. UBS Group AG now owns 12,089,703 shares of the company’s stock valued at $298,737,000 after buying an additional 10,205,427 shares during the last quarter. Marex Group plc increased its position in shares of D-Wave Quantum by 74.9% during the fourth quarter. Marex Group plc now owns 4,592,656 shares of the company’s stock valued at $120,098,000 after acquiring an additional 1,966,500 shares during the last quarter. State Street Corp increased its position in shares of D-Wave Quantum by 41.3% during the second quarter. State Street Corp now owns 6,648,395 shares of the company’s stock valued at $97,333,000 after acquiring an additional 1,941,762 shares during the last quarter. Man Group plc bought a new stake in D-Wave Quantum during the second quarter worth $26,535,000. Finally, Defiance ETFs LLC purchased a new position in D-Wave Quantum in the fourth quarter worth $39,120,000. 42.47% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on QBTS shares. Cantor Fitzgerald upped their price objective on shares of D-Wave Quantum from $20.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Jefferies Financial Group began coverage on D-Wave Quantum in a research report on Tuesday, December 16th. They issued a “buy” rating and a $45.00 target price for the company. TD Cowen started coverage on D-Wave Quantum in a research note on Thursday, February 12th. They set a “buy” rating on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $48.00 price target on shares of D-Wave Quantum in a report on Thursday, January 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of D-Wave Quantum in a report on Monday, December 29th. Fourteen equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, D-Wave Quantum presently has a consensus rating of “Moderate Buy” and an average price target of $38.21.

About D-Wave Quantum

D-Wave Quantum Inc (NYSE: QBTS) develops and provides quantum computing systems, software and services focused on quantum annealing technology. Headquartered in Burnaby, British Columbia, D-Wave designs specialized processors that leverage quantum mechanics to solve complex optimization and sampling problems. Since its founding in 1999 by physicists including Geordie Rose, the company has pursued the development of commercially viable quantum hardware and accompanying software tools.

The company’s product portfolio centers on its quantum annealers, which are complemented by hybrid solvers that integrate classical and quantum computing resources.