A company still losing money with steady sales, with elevated risk. Institutions are adding.
Going well
Sales up 179% last year
Little debt
Watch out for
Share count growing 39% a year (dilution)
Losing money, losses are large next to sales
Money moves
No insider buying or selling in the last 30 days
Institutions added 13% to their holdings in the quarter ending June 2026 (362 bought, 167 sold)
Facts from SEC filings, not a recommendation.
What the price means
Price as of Oct 26
$11.54-0.9% that day
Company value
$4.3B
Share price times all shares
Cash vs value
7%
Cash as a share of company value
Debt vs value
1%
Debt as a share of company value
From QBTS's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.
The business over time
Last 12 quarters, from SEC filings
Sales, Jun '26
$3.1M-0.6% vs a year earlier
Sep '23Tap a barJun '26
Last 12 months: $12.4M, down 44% from the 12 months before. Over 5 years, sales grew about 37% a year.
What the price assumes
Your guesses, our math
Move the sliders to your own view of QBTS. Starting points are the company's recent numbers (it isn't profitable yet, so the margin starts at a 10% guess).
Sales in 5 years$7M
Profit in 5 years$1M
Price these guesses point to$0.02-100% vs $11.54 todayAbout -72% a year, before dividends
Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.