QBTS Stock — D-Wave Quantum Inc.

D-Wave Quantum Inc. (QBTS)

Updated October 16, 2026.

QBTS is a Stock. Total return is 16.1% over the past 5.8 years, 109.8 points behind SPY at 125.9%.

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services, including its Advantage quantum computers, Ocean software development tools, and Leap quantum cloud service that provides access to quantum computing resources. The company does not currently distribute income to shareholders. D-Wave's quantum solutions target enterprise applications such as optimization, logistics, drug discovery, and portfolio management.

QBTS performance versus SPY

Price and return data through 2026-10-16.

Total return is 16.1% over the past 5.8 years, 109.8 points behind SPY at 125.9%. Over the past year its total return — price change plus distributions reinvested — is -70.9%. Its deepest 1-year drawdown was 70.9%.

QBTS key facts

Asset type

Stock

Asset class

Equity

Inception date

12/11/2020

Distribution frequency

None

Last close

$11.78 (as of 2026-10-16)

Market cap

$4,434,587,267

Average volume

17433365.0

Beta

2.167

Payout ratio

0.0%

EPS

$-0.62

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

QBTS risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 70.9%.

Who may consider QBTS — and who may not

It is a weaker fit for investors who need monthly cash flow (QBTS does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on QBTS

• All tickers starting with Q

Tagged: Quantum, Technology.

Frequently asked questions