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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. It 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 tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.
Quantum Pionee | D-Wave Quantum Inc. leads in commercial quantum computing, specializing in annealing solutions that outpace competitors in the evolving industry landscape |
Technological Leaps | Explore D-Wave's Advantage 2 platform progress, featuring a fourfold qubit density increase and the innovative Fast-Annealing feature driving industry excitement |
Market Momentum | Delve into D-Wave's expanding customer base and strong Q1 bookings, signaling growing adoption of quantum computing solutions across various sectors |
Financial Horizons | Analysts set price targets ranging from $3.00 to $4.00, as D-Wave navigates financial challenges while pursuing new revenue streams in government and defense sectors |
Metrics to compare | QBTS | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipQBTSPeersSector | |
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P/E Ratio | −20.7x | −19.0x | 11.8x | |
PEG Ratio | 0.13 | −0.76 | 0.01 | |
Price/Book | 8.4x | 2.3x | 2.4x | |
Price / LTM Sales | 261.2x | 5.3x | 2.2x | |
Upside (Analyst Target) | 23.5% | 42.9% | 19.3% | |
Fair Value Upside | Unlock | 18.0% | 4.6% | Unlock |