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Last close (USD)10.38+0.01 (+0.10%)as of 4 Nov 2026
Funds that hold it2One fund per scheme
Held through a master fund20 buy the stock themselves
Largest weight in a single fund7.45%Of that fund's NAV
Median weight7.29%Half the funds hold more than this
What does QBTS do
D-Wave Quantum Inc.
Develops quantum computing systems and provides cloud-based quantum computing for businesses and researchers. Revenue is still at an early stage, coming from system sales and cloud access
Advantage2 quantum systemLeap quantum cloud serviceOcean software development kit
Which funds let you invest in QBTS
Sorted by weight held, largest first
Investors in Thailand can buy QBTS through 2 mutual funds open to retail investors. Most of them (2 funds) don't buy the stock themselves. Instead they invest in a master fund abroad, which in turn holds QBTS.
Showing 2 of 2 funds you can buy · The full list is in the Expert view · Latest weights from portfolio reports, and funds can change their portfolios at any time · Past performance is not a guarantee of future performance
QBTS share price
0.00%
Price change over the selected periodN/A
50-day average
200-day average
Valuation and key ratios
D-Wave Quantum Inc. · NASDAQ · Fiscal year ends in January
Market cap3.8B USD0.37 billion shares
P/EN/AFY2025 EPS is negative
Forward P/EN/ABased on forecast 12-month earnings
P/SN/A
EV/EBITDAN/A
Dividend yield0.00%0.00 USD per share a year
ROE−77.6%Net profit ÷ shareholders' equity
Debt to equity (D/E)0.04xInterest-bearing debt
BetaN/AAgainst the S&P 500
Gross margin80.0%FY2025
Operating margin−400.0%FY2025
Net margin−1,420.0%FY2025
Price ratios use the latest close shown on this page · Forward P/E, P/S, EV/EBITDA and Beta aren't available for this company yet
Company health made simple
From the FY2025 statements
Sales growth42.9%Fast growth
Yearly average over the last 4 years · Latest annual sales 25.0M USD
Profit from sales−1,420%Thin margin
For every 100 dollars of sales, about −1,420 dollars is left as net profit
Dividend0.00%No dividend
Per year, relative to the share price · Tech stocks tend to pay little because they reinvest their profits
1-year share price−65.1%Down
Now 67.8% below its 1-year high
A rise or fall in the share price doesn't move a fund by the same amount — a fund is affected only in proportion to how much it holds
Financial statements
Revenue grows 42.9% a year on average · EPS grows N/A a year on average
Annual · last 5 fiscal years
Revenue and net profit
FY20216.0M USD−41.0M USD
FY20227.0M USD−54.0M USD
FY20239.0M USD−83.0M USD
FY20249.0M USD−144.0M USD
FY202525.0M USD−355.0M USD
Total revenue
Net profit
Quarterly · last 5 quarters
Revenue and net profit
Q2 FY20253.0M USD−167.0M USD
Q3 FY20254.0M USD−140.0M USD
Q4 FY20253.0M USD−42.0M USD
Q1 FY20263.0M USD−18.0M USD
Q2 FY20263.0M USD−48.0M USD
Total revenue
Net profit
Annual income statement, balance sheet and cash flow
Item (USD)
FY2021
FY2022
FY2023
FY2024
FY2025
Total revenue
6.0M USD
7.0M USD
9.0M USD
9.0M USD
25.0M USD
Gross profit
5.0M USD
4.0M USD
5.0M USD
6.0M USD
20.0M USD
Operating profit
−39.0M USD
−59.0M USD
−81.0M USD
−77.0M USD
−100.0M USD
Net profit
−41.0M USD
−54.0M USD
−83.0M USD
−144.0M USD
−355.0M USD
EPS (diluted)
−0.11
−0.15
−0.30
−0.38
−1.11
Gross margin
83.3%
57.1%
55.6%
66.7%
80.0%
Operating margin
−650.0%
−842.9%
−900.0%
−855.6%
−400.0%
Net margin
−683.3%
−771.4%
−922.2%
−1,600.0%
−1,420.0%
Operating cash flow
−35.0M USD
−45.0M USD
−61.0M USD
−43.0M USD
−72.0M USD
Free cash flow
−37.0M USD
−46.0M USD
−61.0M USD
−45.0M USD
−76.0M USD
Total assets
29.0M USD
27.0M USD
59.0M USD
200.0M USD
916.0M USD
Total liabilities
48.0M USD
56.0M USD
84.0M USD
137.0M USD
64.0M USD
Shareholders' equity
−19.0M USD
−29.0M USD
−25.0M USD
63.0M USD
852.0M USD
Free cash flow = operating cash flow − capital expenditure · A cell showing N/A is an item the statement doesn't report, not a zero · Source: SEC EDGAR
Technical analysis
Closed at 10.38 USD on 4 Nov 2026
Daily trendClear downtrendScore −0.50 on a scale of −1 to +1 · 1254 bars
RSI(14)
28.1
ADX(14)
53.4
Position in the price range
3%
Weekly trendClear downtrendScore −0.90 on a scale of −1 to +1 · 262 bars
RSI(14)
32.6
ADX(14)
19.2
Position in the price range
1%
Monthly trendLeaning downScore −0.33 on a scale of −1 to +1 · 61 bars
RSI(14)
45.1
ADX(14)
47.2
Position in the price range
22%
Moving averages (daily)
Period
SMA
EMA
Price vs line
10 days
11.18
11.13
Below
20 days
12.02
12.14
Below
50 days
14.89
14.46
Below
100 days
17.67
16.64
Below
200 days
19.02
18.30
Below
Indicators (daily)
Indicator
Value
Signal
RSI(14)
28.10
Up
MACD(12,26)
−1.37
Down
ADX(14)
53.43
Neutral
ATR(14) % of price
4.07
Neutral
Support and resistance (weekly pivots)
s39
s210
s110
p11
r112
r213
r313
Trend score = average of the moving-average group and the indicator group ((up signals − down signals) ÷ number of signals) · RSI and ATR use Wilder's method · MACD uses the 12- and 26-period EMA · An ADX of 25 or above counts as a clear trend · Calculated from daily closing prices from Market data · Not investment advice
Thai funds holding QBTS
2 funds · Highest 7.45% · Median 7.29%
How the weights are spread
Number of funds by weight range
0
0
0
2
0
0
< 1%1–3%3–5%5–8%8–12%12%+
The many funds holding less than 3% are usually index funds holding at market weight · Funds holding more than 8% have deliberately chosen a large position
One fund counted per scheme · Funds investing through a master fund show the master fund's weight in QBTS, not the look-through weight · Past performance is not a guarantee of future performance
How Thai money reaches QBTS
1 master funds
Master fund
Thai funds using this route
Master fund's QBTS weight
VanEck Quantum Computing UCITS ETF
2
7.45%
Data sourcesFunds that buy the stock themselves: top 5 holdings from the AMC's fact sheet as of 30 Sep 2026 · Funds that invest through a master fund: the master fund's portfolio from its issuer's fact sheet or prospectus · Each scheme counts as one fund · Share price: Market data · Financial statements: SEC EDGAR · Weights are as of the report date, and funds can change their portfolios at any time · Investing involves risk. This is not investment advice.
X-QUANTUMXSpring Quantum Computing Fund
DAOL-QUANTUMDAOL QUANTUM COMPUTING FUND