D-Wave Quantum Inc Q4FY25 (QBTS) – QCI acquisition brings crucial IP with strong FY2026 outlook

Highlights of the report

D-Wave Quantum Inc Q4FY25 – D-Wave demonstrates material commercial momentum in annealing quantum computing, with enterprise adoption accelerating, bookings inflecting sharply, and deal sizing expanding toward Fortune Global 2000 customers.

CrispIdea equity reports provide valuable insights to investors who may be individuals and organizations involved in the world of finance and investment like private equity houses, broking firms, hedge funds, investment advisory firms, mutual funds, banks and corporations. This research report is useful for M&A, business & investment analysis to all students and researchers also.

 

CrispIdea equity reports include basic financials, strategic analysis, competitive landscape assessments, stock performance, stock analysis and future growth potential evaluation. CrispIdea utilizes a proprietary blend of fundamental and technical analysis, offering a unique perspective. Reports present clear investment recommendations (“BUY,” “HOLD,” or “SELL”).

 

Our established reputation and track record advocates that our research carries weight within the investment community. Do connect with us, if you are looking for customized research, equity valuation, recommendation, analysis and market recommendation for any specific company, sector and industry.

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers 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. 

The estimated revenue for FY26 is projected to grow by 65%, with further growth of 75% and 85% projected for FY27 and FY28, respectively. Additionally, adjusted EPS is expected to decline from -$0.26 in FY25 to -$0.33 in FY26, followed by an increase to – $0.3 in FY27.

In the last 3 months, QBTS delivered a negative return of 34.3%, with the stock price declining to $18.91 as of March 04, 2026, from $28.73 as of December 4, 2025, 2025.

 Executive Summary

• CrispIdea Forecast

– Income Statement

– Balance Sheet

– Cash Flow

– Common Size Ratio Analysis

– CrispIdea Segment Forecast

• Valuation & Historical Performance

– P/E Analysis

– CrispIdea Valuation

– Peer Comparison

– Ratio Analysis

– Economic Value-Added Analysis

– Du Pont Analysis

– CrispIdea Forecast Relative to Consensus

– Consensus Momentum

– Segment Performance

– Key Developments

– M&A Deals

• Ownership

• Stock Price Performance

• Crispidea Coverage

Report details

D-Wave Quantum Inc Q4FY25 (QBTS) – QCI acquisition brings crucial IP with strong FY2026 outlook

Price

$216.00

Company Reports

Sector Reports