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D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides 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, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company’s server. The company 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.
Future Quantum Horizons | Learn how D-Wave's progress towards Quantum Supremacy and expanding funding opportunities could reshape its market position |
Financial Frontiers | Analysts set price targets ranging from $3.00 to $4.00, reflecting optimism despite ongoing challenges in achieving profitability |
Technological Leap | Explore D-Wave's Advantage 2 platform, boasting a fourfold increase in qubit density and the innovative Fast-Annealing feature |
Quantum Pionee | D-Wave leads in commercial quantum computing with its unique annealing solution, setting it apart in a competitive landscape |
Metrics to compare | QBTS | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipQBTSPeersSector | |
|---|---|---|---|---|
P/E Ratio | −17.7x | −22.4x | 12.7x | |
PEG Ratio | 0.32 | −0.08 | 0.01 | |
Price / Book | 7.4x | 3.5x | 2.4x | |
Price / LTM Sales | 255.3x | 5.2x | 2.3x | |
Upside (Analyst Target) | 123.7% | 56.9% | 26.9% | |
Fair Value Upside | Unlock | 3.0% | 3.4% | Unlock |