QBTS

$17.21

Public overview and default valuation.

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Valuation Details
Default assumptions: 10Y forecast, 9% market return, 2.5% terminal growth, -56.46% trendline growth.
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$2.26

With 20% Margin of Safety (MoS):

$1.81
-89.49% downside
Fundamental Score
16
BearishWeighted across 6 signals
DCF Discount
89.5% premium to price
0
FCF Yield
-0.8% trailing FCF yield
0
ROIC vs WACC
ROIC vs WACC unavailable
50
Net Debt / FCF
16.6x net debt to FCF
0
Buybacks
Share count growing
30
FCF CAGR (5Y)
0.0% 5Y FCF CAGR
0
Pressure from: DCF Discount, FCF Yield.
Narrative Score
78
Improving
Weighted across 4 recent drivers · Last 30 daysVs 6-Month Baseline: High (91th pct)
Trend: Improving upConfidence: 100%Updated: 2h ago
Sources: 163 (News 156 · Analyst 7)
Drivers
138 news sentiment+1.9
17 regulatory scrutiny+0.8
Upgrade headlines+0.0
7 analyst reiterations0.0
Other Metrics
P/E-14.7
Profit Margin-1651.8%
Owner Earnings-$393.64m
One Dollar Premise0.00%
Debt/Equity0.37
Current Ratio27.18
PEG0.526
Free Cash Flow (in millions)
20202021202220232024
-$28-$33-$45-$60-$48
How Intrinziq Estimates Fair Value

Intrinziq estimates D-Wave Quantum Inc.'s intrinsic value using a discounted cash flow (DCF) model based on free cash flow trends and a market-based discount rate. The model projects future cash flows over ten years and discounts them using a market return assumption to estimate fair value.

D-Wave Quantum Inc.Technology

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Launch, a quantum computing onboarding service; Ocean a full suite of open-source programming 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. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through in-production application deployment. The company's quantum solutions are used in artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. It serves manufacturing and logistics, financial services, life sciences, and other industries. D-Wave Quantum Inc. is based in Burnaby, Canada.

Last updated: Feb 06, 2026
Data sources: Financial Modeling Prep
This valuation is based on assumptions and publicly available data. It is not financial advice or a recommendation to buy or sell any security. Always do your own research before making investment decisions.