Skip to content
ThetaGradeSign inFree Daily Brief
Not financial advice. ThetaGrade is educational and informational only. Nothing here is a recommendation to buy or sell any security, and it is not tailored to anyone. Options involve substantial risk; read the OCC Characteristics and Risks of Standardized Options. Past performance does not guarantee future results. Methodology

QBTS D-Wave Quantumdata gap · 64% coveragelimited data

Information Technology · Services-Computer Processing & Data Preparation · close $11.78 (2026-10-16) · latest quarter in EDGAR: 2026-06-30

24
F
#85/199 in sector · #357/964 overall

D-Wave Quantum (QBTS) has a ThetaGrade House Rating of 24/100 (grade F), ranking #85 of 199 in Information Technology. Its strongest pillars are balance sheet (59) and growth (33); its weakest is valuation (0). Data gap: 5 factors without usable data, so 64% of the method weight is covered. TTM revenue growth is -44.2% and operating margin -1372.9%.

Data as of .

Limited data. Limited data: under 80% of the method weight is backed by data, so this stock is not eligible for grade A, Weekly Picks or the CSP screen. Coverage: 64%.

Data gap

No usable data for: Consensus score (1–5), 90-day net rating shift, EPS growth YoY (TTM), Net debt / EBITDA, P/E (inverted). Data gap: no usable data for this factor, so it is left out and its weight is shared among the factors that do have data (no value is imputed). 64% of the full method weight is backed by data.

Analyst sentiment

weight 7.5% · no data · —
Consensus score (1–5) (0.0%)data gapderived—
90-day net rating shift (0.0%)data gapderived—

Growth

weight 30.83% (→33.3%) · 33
Revenue growth YoY (TTM) (22.2%)-44.2%0
EPS growth YoY (TTM) (0.0%)data gap——
Revenue acceleration (11.1%)80.3%99

Profitability

weight 18.5% (→20.0%) · 1
Operating margin (10.7%)-1372.9%1
4Q gross-margin change (9.3%)-18.3%1

Balance sheet

weight 18.5% (→20.0%) · 59
Net debt / EBITDA (0.0%)data gap——
Current ratio (11.4%)20.55100
Interest coverage (8.6%)-42.51×4

Cash flow

weight 12.33% (→13.3%) · 5
FCF margin (6.7%)-308.5%2
FCF yield (6.7%)-1.7%8

Valuation

weight 12.33% (→13.3%) · 0
P/E (inverted) (0.0%)data gap——
EV/Sales (inverted) (13.3%)331.46×0

Technicals (EOD)

RSI(14)26.4
EMA 9 / 2113.54 / 14.93
200-day SMA20.16
Volume vs 20d avg1.07×
20-day return-33.4%

Exit-rule monitor

  • EXITRating break: House Rating below 60
  • EXITFundamental miss: revenue growth negative YoY
  • EXITBalance-sheet stress: negative free cash flow (latest FY)
  • WATCHTrend: close below 200-day average

Data source per metric (SEC XBRL tag or derivation): Revenue: RevenueFromContractWithCustomerExcludingAssessedTax · Gross profit: GrossProfit · Operating income: OperatingIncomeLoss · Interest expense: InterestExpenseNonoperating · D&A: DepreciationDepletionAndAmortization · EPS: EarningsPerShareDiluted · Market cap: SEC shares (dei EntityCommonStockSharesOutstanding (cover page)) × EOD close.

Get rating changes like QBTS's in the free Daily Brief

The market’s key events and signals, digested before the open.

  • ✓ Pre-market Daily Brief: events, headlines, rating changes (2-min read)
  • ✓ Sunday: Top 5 Weekly Picks, exit alerts, CSP put watchlist
  • ✓ OPEX, FOMC, CPI and jobs-day reminders

Double opt-in: we email a confirmation link first. No spam, unsubscribe anytime. We never sell your email. Privacy. Educational content, not financial advice.

Free. Want more? See Premium (waitlist).

FAQ

What is QBTS's House Rating?
QBTS scores 24 out of 100 (grade F) as of 2026-10-16, ranking #85 of 199 Information Technology stocks we cover.
What do analysts say about QBTS?
We do not have enough analyst-sentiment data to score this stock.
When does QBTS report earnings next?
We do not have a reliable estimate for QBTS's next earnings date (irregular SEC filing history); a rough window is 2026-10-15 to 2026-11-26. Check the company's investor-relations page.
Is QBTS a buy?
ThetaGrade does not give personal advice. The House Rating is an educational, rules-based summary of public data; see the methodology for how it is built.

Sources: SEC EDGAR filings (fetched 2026-10-18), Finnhub recommendation trends, Massive EOD prices. Scores are sector percentiles; a factor without usable data is a data gap: it is left out and the remaining weights are renormalized (nothing is imputed). Educational only. Methodology

SponsoredReach ThetaGrade readers here (728×90). Advertise