Stock analysis, trade plans, and proprietary indicators by Trend Edge.
Trend Edge rates QBTS Bullish with a Setup Score of 30, net conviction 31, actionability 30. How the Setup Score works →
| Total Setup Score | 30 |
|---|---|
| Directional Bias | Bullish |
| Net Conviction | 31 |
| Actionability | 30 (in range) |
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… Read full Trend Edge analysis →
| Current Price | $20.09 |
|---|---|
| Market Cap | $7.84B |
| Float | 358.2M |
| Shares Outstanding | 367.3M |
| Price/Sales (TTM) | 629.91 |
| vs. Analyst Target | +86.1% to analyst PT |
| Operating Margin (TTM) | -1914.87% |
| Revenue (TTM) | $12.4M |
| Dividend Rate | None |
| Analyst Target Price | $37.39 (6 analysts) |
| Year | Revenue | Net Income | Gross Profit | EBITDA |
|---|---|---|---|---|
| 2020 | $5.2M | -$22.0M | $4.2M | -$14.1M |
| 2021 | $6.3M | -$41.0M | $4.5M | -$34.4M |
| 2022 | $7.2M | -$53.7M | $4.3M | -$49.0M |
| 2023 | $8.8M | -$82.7M | $4.6M | -$80.8M |
| 2024 | $8.8M | -$144M | $5.6M | -$138M |
| 2025 | $24.6M | -$355M | $20.3M | -$349M |
| Quarter | Revenue | Net Income |
|---|---|---|
| Jun 2025 | $3.1M | -$167M |
| Sep 2025 | $3.7M | -$140M |
| Dec 2025 | $2.8M | -$42.3M |
| Mar 2026 | $2.9M | -$18.4M |
| Insider Ownership | 2.2% |
|---|---|
| Institutional Ownership | 49.0% |
| Short Float | 15.6% |
| % of All Funds Holding | 5.66% |
| Number of Funds Holding | 465 |
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
| Timeframe | SMA | Value | Trend Context |
|---|---|---|---|
| Weekly | 10-Week SMA | $23.98 | Near-term / short-term trend |
| Weekly | 40-Week SMA | $23.66 | Medium-term trend |
| Weekly | 80-Week SMA | $18.28 | Cyclical trend (business cycle) |
| Weekly | 200-Week SMA | $8.38 | Secular trend (multi-year) |
| Monthly | 10-Month SMA | $23.48 | Near-term monthly trend |
| Monthly | 20-Month SMA | $17.88 | Medium-term monthly trend |
| Monthly | 40-Month SMA | $9.59 | Secular monthly trend |
Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
| Price Level | Type | Volume Ratio | Age |
|---|---|---|---|
| $7.10 | support | 2.16x | 13 months ago |
| $5.60 | support | 2.31x | 15 months ago |
| $3.30 | support | 6.11x | 18 months ago |
| $1.10 | support | 3.80x | 19 months ago |
| Timeframe | Avg Return | Median | Win Rate | Best | Worst |
|---|---|---|---|---|---|
| Gap | -0.97% | 0.08% | 54.55% | 4.40% | -19.24% |
| 1 Day | -0.58% | 0.25% | 59.09% | 18.40% | -33.62% |
| 1 Week | 2.28% | 0.15% | 54.55% | 56.68% | -19.69% |
| 2 Weeks | 3.08% | -0.15% | 45.45% | 80.42% | -36.14% |
| 1 Month | 16.35% | 0.30% | 52.38% | 379.14% | -47.30% |
Next earnings: August 6, 2026 (25 days away)
Insufficient historical data for monthly seasonality analysis (requires 7+ years of data).
| Day | Avg Return | Win Rate | Samples |
|---|---|---|---|
| Monday | 0.85% | 44.6% | 260 |
| Tuesday | 0.11% | 41.2% | 289 |
| Wednesday | -0.04% | 39.0% | 287 |
| Thursday | 0.37% | 40.4% | 280 |
| Friday | 0.49% | 42.1% | 278 |
Institutional holder breakdown coming soon.
Total institutional ownership: 49.0%
Total insider ownership: 2.2%
Founder-led management: Eric Ladizinsky (Co-Founder and Chief Scientist)
| Total Filings | 41 |
|---|---|
| Net Value | -$111M |
| Net Shares Change | -1,041,703 |
| % of Float | -0.3% |
| C-Suite Filings | 30 |
| Clusters Detected | 9 |
| Name | Title | Net Value | Filings | Activity |
|---|---|---|---|---|
| Markovich John M. | Chief Financial Officer | -$19.1M | 5 | 5 sell |
| BARATZ ALAN E | President & CEO | -$17.4M | 1 | 1 sell |
| WEST STEVEN M | -$2.6M | 2 | 1 buy, 2 sell | |
| Nguyen Diane | EVP, Chief Legal Officer & GC | -$1.2M | 1 | 1 sell |
| Ghai Rohit | -$357,054.989 | 1 | N/A |
| Period | Filings | Insiders | Net Value | Seniority |
|---|---|---|---|---|
| 2025-08-14 – 2025-08-20 | 3 | 3 | -$5.5M | 2 C-suite |
| 2025-09-12 – 2025-09-17 | 3 | 3 | -$2.7M | 1 C-suite |
| 2025-10-15 – 2025-10-15 | 3 | 3 | -$2.6M | 3 C-suite |
| 2025-11-13 – 2025-11-21 | 6 | 4 | -$33.7M | 5 C-suite |
| 2025-12-05 – 2025-12-16 | 6 | 5 | -$6.0M | 3 C-suite |
| 2026-01-15 – 2026-01-15 | 3 | 3 | -$1.9M | 3 C-suite |
| 2026-03-06 – 2026-03-17 | 4 | 4 | -$553,622.416 | 2 C-suite |
| 2026-05-21 – 2026-06-04 | 4 | 3 | -$10.3M | 4 C-suite |
| 2026-06-08 – 2026-06-16 | 5 | 4 | -$25.7M | 3 C-suite |
| Date | Insider | Title | Net Value | Price After |
|---|---|---|---|---|
| 2026-06-16 | Markovich John M. | Chief Financial Officer | -$6.5M | Transaction at $24.38, now -17.6% |
| 2026-06-10 | Markovich John M. | Chief Financial Officer | -$1.3M | Transaction at $26.24, now -23.4% |
| 2026-06-10 | BARATZ ALAN E | President & CEO | -$17.4M | Transaction at $13.51, now +48.7% |
| 2026-05-27 | Markovich John M. | Chief Financial Officer | -$8.8M | Transaction at $14.30, now +40.5% |
| 2026-06-04 | Markovich John M. | Chief Financial Officer | -$90,148 | Transaction at $31.00, now -35.2% |
| 2025-08-20 | WEST STEVEN M | -$2.6M | Transaction at $18.12, now +10.9% |
Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for D-Wave Quantum Inc. (QBTS) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).
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Get the full AI Consult analysis for QBTS on Trend Edge →