D-Wave QBTS stock market cap reaches 10.29 billion on 2.9 million quarterly revenue. How do you value a pre-commercial quantum company? - worth a look

[Clever Erin]

D-Wave Quantum stock is trading at approximately 27 dollars today with a market capitalisation of 10.29 billion, a price-to-earnings ratio of negative 24.57, and quarterly revenue of 2.9 million dollars against a quarterly loss of 18.4 million. The 52-week range spans from 12.75 dollars to 46.75 dollars.

D-Wave's first-ever Investor Day is scheduled for June 1 at the New York Stock Exchange, themed The D-Wave Difference. D-Wave is also hosting Qubits Europe 2026 in London on June 18.

https://quantumcomputingreport.com/news/

https://quantumcomputingreport.com/news/

[WildManSteve40]

A 10 billion dollar market cap on 2.9 million quarterly revenue is a 860x revenue multiple. This is venture capital risk profile with public market liquidity. Investors buying this know what they are paying for

[CosmicRay67]

The 52-week range of 12.75 to 46.75 is a 267 percent range. This stock doubles on good news and halves on bad news. That volatility profile is not compatible with most institutional investment mandates

[Callum28]

The negative PE ratio at negative 24.57 means for every dollar of market cap there is about 4 cents of annual loss being generated. The bet is that this loss leads to future earnings that justify the current price

[Q]

The Investor Day at the NYSE on June 1 is the opportunity to change the narrative. If D-Wave can articulate a credible path from 2.9 million quarterly revenue to commercial scale the valuation discussion changes

[IronFist21]

The Flatiron rebuttal dispute this week matters specifically because the quantum advantage claims are what justify the valuation. Any credible challenge to those claims is a direct threat to the market cap story