D-Wave Quantum (QBTS) to Release Earnings on Thursday

D-Wave Quantum (NYSE:QBTS) is expected to post 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. Individuals may review the information on the company’s upcoming Q4 2025 earning report for the latest details on the call scheduled for Thursday, February 26, 2026 at 8:00 AM ET.

D-Wave Quantum Price Performance

Shares of D-Wave Quantum stock opened at $19.09 on Thursday. The stock has a market cap of $7.06 billion, a price-to-earnings ratio of -14.14 and a beta of 1.56. The company has a debt-to-equity ratio of 0.05, a quick ratio of 54.49 and a current ratio of 54.68. The stock has a 50 day moving average price of $25.16 and a 200-day moving average price of $24.87. D-Wave Quantum has a one year low of $4.45 and a one year high of $46.75.

Analyst Ratings Changes

Several research analysts have commented on QBTS shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of D-Wave Quantum in a research note on Monday, December 29th. Roth Mkm set a $40.00 price target on shares of D-Wave Quantum in a research note on Thursday, November 6th. Evercore started coverage on shares of D-Wave Quantum in a report on Wednesday, December 3rd. They set an “outperform” rating and a $44.00 price target on the stock. Mizuho started coverage on shares of D-Wave Quantum in a research note on Thursday, December 11th. They issued an “outperform” rating and a $46.00 price objective for the company. Finally, Zacks Research raised D-Wave Quantum from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 6th. Fourteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, D-Wave Quantum currently has an average rating of “Moderate Buy” and a consensus price target of $38.21.

Insider Buying and Selling

In other news, Director John D. Dilullo sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $27.36, for a total transaction of $218,880.00. Following the transaction, the director directly owned 27,803 shares of the company’s stock, valued at approximately $760,690.08. This trade represents a 22.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John M. Markovich sold 9,179 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $28.06, for a total value of $257,562.74. Following the completion of the sale, the chief financial officer owned 1,462,133 shares of the company’s stock, valued at $41,027,451.98. The trade was a 0.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,074,466 shares of company stock worth $31,558,806 over the last 90 days. Corporate insiders own 3.20% of the company’s stock.

Institutional Trading of D-Wave Quantum

Several institutional investors and hedge funds have recently made changes to their positions in QBTS. Comerica Bank grew its holdings in D-Wave Quantum by 1.8% during the 3rd quarter. Comerica Bank now owns 36,443 shares of the company’s stock worth $901,000 after acquiring an additional 643 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of D-Wave Quantum by 144.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,270 shares of the company’s stock worth $33,000 after purchasing an additional 750 shares during the period. Kemnay Advisory Services Inc. purchased a new stake in shares of D-Wave Quantum in the 4th quarter worth approximately $28,000. Newbridge Financial Services Group Inc. boosted its stake in shares of D-Wave Quantum by 133.3% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,925 shares of the company’s stock valued at $48,000 after purchasing an additional 1,100 shares in the last quarter. Finally, PFG Advisors raised its stake in D-Wave Quantum by 10.7% in the third quarter. PFG Advisors now owns 12,261 shares of the company’s stock worth $303,000 after buying an additional 1,188 shares in the last quarter. 42.47% of the stock is currently owned by institutional investors.

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.