D-Wave Quantum Inc (1QBTS) Fair Value & Analysis
Technology · IT · Market cap €7.7B
Fair value as of: Jul 3, 2026
From 1 valuation models · updated today
Share price −16.2% over the past month.
Price vs Fair Value (12 months)
12‑month range €11.81 – €38.47 · fair‑value band €1.50 – €2.83 · the €20.32 price screens above the €2.27 fair value. As of Jul 3, 2026.
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D-Wave Quantum Inc (1QBTS) currently trades at €20.32, while our model-based Fair Value estimate is €2.27 — implying the stock looks roughly 88.8% overvalued today. We read business quality at 36/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).
Trailing-twelve-month revenue stands at €12.4M. Revenue declined 80.9% year over year. It earns a return on equity of -55.3%. Net debt stands at €22.9M. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
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 Python-based SDK for developers to learn and build applications on company's server. The company also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
D-Wave Quantum Inc reported revenue of €24.6M in FY2025 versus €6.3M in FY2021, a compound +40.7%/yr. Reported net income was −€355M in FY2025.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.