D-Wave Quantum (QBTS) Latest Stock Analysis Report – Oct 15, 2026, 4:00 PM ET
Updated Oct 15, 2026, 4:00 PM ET
QBTS jumps 6.5% to $12.81. Closed at $12.81, +6.53% vs the prior close of $12.03. Day range $11.35–$12.86, opened at $11.56.
QBTS daily analysis — what happened
A plain-English, data-only note written after every US trading day. Newest first; older days stay archived below.
Oct 15, 2026 — QBTS jumps 6.5% to $12.81
- Closed at $12.81, +6.53% vs the prior close of $12.03. Day range $11.35–$12.86, opened at $11.56.
- Volume was 23.70M shares, 1.5x its 50-day average of 15.59M.
- Price is -26.0% vs its 50-day average ($17.32) and -36.7% vs its 200-day average ($20.24).
- 52-week range $11.35–$46.75; today's close sits at 4% of that range, 72.6% below the 52-week high.
Oct 14, 2026 — QBTS slides 10.1% to $12.03, a 52-week low, 6 down days in a row
- Closed at $12.03, -10.09% vs the prior close of $13.38. Day range $11.95–$12.95, opened at $12.85.
- Volume was 24.04M shares, 1.5x its 50-day average of 15.59M.
- Price is -31.2% vs its 50-day average ($17.49) and -40.7% vs its 200-day average ($20.30).
- 52-week range $11.95–$46.75; today's close sits at 0% of that range, 74.3% below the 52-week high.
- That makes 6 straight losses.
Oct 13, 2026 — QBTS dips 2.6% to $13.38, a 6-month low, 5 down days in a row
- Closed at $13.38, -2.62% vs the prior close of $13.74. Day range $13.28–$13.64, opened at $13.49.
- Volume was 11.71M shares, 0.7x its 50-day average of 15.84M.
- Price is -24.3% vs its 50-day average ($17.68) and -34.3% vs its 200-day average ($20.37).
- 52-week range $12.75–$46.75; today's close sits at 2% of that range, 71.4% below the 52-week high.
- That makes 5 straight losses.
Oct 12, 2026 — QBTS slides 5.7% to $13.74, a 6-month low, 4 down days in a row
- Closed at $13.74, -5.70% vs the prior close of $14.57. Day range $13.73–$14.33, opened at $14.33.
- Volume was 14.09M shares, 0.9x its 50-day average of 15.89M.
- Price is -22.9% vs its 50-day average ($17.82) and -32.8% vs its 200-day average ($20.44).
- 52-week range $12.75–$46.75; today's close sits at 3% of that range, 70.6% below the 52-week high.
- That makes 4 straight losses.
Oct 9, 2026 — QBTS ends flat (-0.2%) to $14.57, a 3-month low, 3 down days in a row
- Closed at $14.57, -0.21% vs the prior close of $14.60. Day range $14.31–$14.86, opened at $14.84.
- Volume was 10.69M shares, 0.7x its 50-day average of 16.08M.
- Price is -18.6% vs its 50-day average ($17.90) and -29.0% vs its 200-day average ($20.52).
- 52-week range $12.75–$46.75; today's close sits at 5% of that range, 68.8% below the 52-week high.
- That makes 3 straight losses.
Oct 8, 2026 — QBTS slides 4.1% to $14.60, a 3-month low
- Closed at $14.60, -4.07% vs the prior close of $15.22. Day range $14.30–$15.15, opened at $14.98.
- Volume was 16.76M shares, 1.0x its 50-day average of 16.15M.
- Price is -18.8% vs its 50-day average ($17.97) and -29.1% vs its 200-day average ($20.61).
- 52-week range $12.75–$46.75; today's close sits at 5% of that range, 68.8% below the 52-week high.
Oct 7, 2026 — QBTS slides 3.6% to $15.22, a 3-month low
- Closed at $15.22, -3.61% vs the prior close of $15.79. Day range $14.98–$15.48, opened at $15.36.
- Volume was 14.39M shares, 0.9x its 50-day average of 16.35M.
- Price is -15.5% vs its 50-day average ($18.00) and -26.4% vs its 200-day average ($20.67).
- 52-week range $12.75–$46.75; today's close sits at 7% of that range, 67.4% below the 52-week high.
Oct 6, 2026 — QBTS rises 1.0% to $15.79
- Closed at $15.79, +0.96% vs the prior close of $15.64. Day range $15.64–$16.26, opened at $15.75.
- Volume was 13.39M shares, 0.8x its 50-day average of 17.05M.
- Price is -12.5% vs its 50-day average ($18.05) and -23.8% vs its 200-day average ($20.71).
- 52-week range $12.75–$46.75; today's close sits at 9% of that range, 66.2% below the 52-week high.
Oct 5, 2026 — QBTS dips 0.8% to $15.64, a 3-month low, 3 down days in a row
- Closed at $15.64, -0.82% vs the prior close of $15.77. Day range $15.26–$15.78, opened at $15.75.
- Volume was 16.23M shares, 1.0x its 50-day average of 17.00M.
- Price is -13.7% vs its 50-day average ($18.12) and -24.6% vs its 200-day average ($20.75).
- 52-week range $12.75–$46.75; today's close sits at 9% of that range, 66.5% below the 52-week high.
- That makes 3 straight losses.
Oct 2, 2026 — QBTS slides 4.8% to $15.77, a 3-month low
- Closed at $15.77, -4.77% vs the prior close of $16.56. Day range $15.74–$17.00, opened at $17.00.
- Volume was 20.22M shares, 1.2x its 50-day average of 16.87M.
- Price is -13.0% vs its 50-day average ($18.14) and -24.2% vs its 200-day average ($20.80).
- 52-week range $12.75–$46.75; today's close sits at 9% of that range, 66.3% below the 52-week high.
QBTS latest news & SEC filings
Every SEC filing by or about QBTS in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Oct 14, 2026 · 4 — Insider trade report (Form 4)
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Gavgani Bernard received an award of 16,493 shares on Sep 18, 2026; now holds 16,493
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Oct 14, 2026 · 3 — Initial insider ownership statement (Form 3)
Initial insider ownership statement (Form 3) — a new director, officer or 10% owner disclosed their holdings
Oct 1, 2026 · 8-K — Current report
Current report — a filing companies must make within 4 business days of a major event
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
Sep 24, 2026 · 4 — Insider trade report (Form 4)
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Golkov Gregory had withheld for taxes 1,132 shares at $16.83 (≈$19.05K) on Sep 15, 2026; now holds 399,791
- Golkov Gregory received an award of 27,081 shares on Sep 17, 2026; now holds 426,872
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Sep 22, 2026 · 3 — Initial insider ownership statement (Form 3)
Initial insider ownership statement (Form 3) — a new director, officer or 10% owner disclosed their holdings
Sep 22, 2026 · 8-K/A — Amended current report
Amended current report
- Item 5.02 — Change in directors or officers (appointment, departure or pay).
Sep 21, 2026 · 8-K — Current report
Current report — a filing companies must make within 4 business days of a major event
- Item 5.02 — Change in directors or officers (appointment, departure or pay).
Sep 17, 2026 · 8-K — Current report
Current report — a filing companies must make within 4 business days of a major event
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
Sep 16, 2026 · 4 — Insider trade report (Form 4)
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Black Stanley T had withheld for taxes 1,535 shares at $16.83 (≈$25.83K) on Sep 15, 2026; now holds 133,278
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Sep 16, 2026 · 4 — Insider trade report (Form 4)
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Ames Sophie C had withheld for taxes 1,544 shares at $16.83 (≈$25.99K) on Sep 15, 2026; now holds 563,615
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Sep 15, 2026 · 8-K — Current report
Current report — a filing companies must make within 4 business days of a major event
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
Sep 10, 2026 · 8-K — Current report
Current report — a filing companies must make within 4 business days of a major event
- Item 8.01 — Reported other events the company considers important.
Sep 10, 2026 · 424B7 — Prospectus supplement for a resale by holders
Prospectus supplement for a resale by holders
An offering document: new shares or debt may be sold, which can increase the share count (dilution) or debt load. Size and terms are in the prospectus.
Sep 9, 2026 · 8-K/A — Amended current report
Amended current report
- Item 1.01 — Signed a material agreement.
- Item 3.02 — Sold unregistered shares.
- Item 8.01 — Reported other events the company considers important.
Sep 8, 2026 · 8-K — Current report
Current report — a filing companies must make within 4 business days of a major event
- Item 1.01 — Signed a material agreement.
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
- Item 8.01 — Reported other events the company considers important.
Things to know before you trade QBTS
- Last results release: Aug 6, 2026 (8-K Item 2.02). Previous ones: May 12, 2026, Feb 26, 2026, Nov 6, 2025. Based on that rhythm, the next report is likely around Nov 5, 2026 — an estimate, not a confirmed date.
- How much it moves: over the last 20 sessions the average daily move was 3.11% (largest 10.1%). That is a volatile stock.
- Liquidity: about 16.38M shares (≈$209.94M) trade per day on average.
- 52-week position: $12.81 vs a range of $11.35–$46.75 (4% of the range).
- Dividends: no cash dividends in the last 2 years.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 0 open-market buys, 25 sales; latest: John D Dilullo sold 1,100 shares on Sep 8, 2026.
- Latest filings: 8-K Oct 1, 2026; 8-K Sep 21, 2026; 8-K Sep 17, 2026.
- Share count: 369.26M shares outstanding (Aug 5, 2026), +9.1% vs a year earlier — notable dilution.
- Listing: Nasdaq · industry: Services-Computer Processing & Data Preparation.
QBTS market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 15, 2026 | 11.56 | 12.86 | 11.35 | 12.81 | 23.70M |
| Oct 14, 2026 | 12.85 | 12.95 | 11.95 | 12.03 | 24.04M |
| Oct 13, 2026 | 13.49 | 13.64 | 13.28 | 13.38 | 11.71M |
| Oct 12, 2026 | 14.33 | 14.33 | 13.73 | 13.74 | 14.09M |
| Oct 9, 2026 | 14.84 | 14.86 | 14.31 | 14.57 | 10.69M |
| Oct 8, 2026 | 14.98 | 15.15 | 14.30 | 14.60 | 16.76M |
| Oct 7, 2026 | 15.36 | 15.48 | 14.98 | 15.22 | 14.39M |
| Oct 6, 2026 | 15.75 | 16.26 | 15.64 | 15.79 | 13.39M |
| Oct 5, 2026 | 15.75 | 15.78 | 15.26 | 15.64 | 16.23M |
| Oct 2, 2026 | 17.00 | 17.00 | 15.74 | 15.77 | 20.22M |
| Oct 1, 2026 | 16.68 | 16.89 | 16.40 | 16.56 | 11.25M |
| Sep 30, 2026 | 16.43 | 17.20 | 16.39 | 16.57 | 12.65M |
| Sep 29, 2026 | 17.11 | 17.21 | 16.36 | 16.43 | 14.38M |
| Sep 28, 2026 | 17.01 | 17.55 | 16.75 | 16.78 | 13.79M |
| Sep 25, 2026 | 17.45 | 18.00 | 17.23 | 17.41 | 14.52M |
| Sep 24, 2026 | 16.55 | 17.58 | 16.47 | 17.48 | 18.65M |
| Sep 23, 2026 | 18.93 | 18.93 | 16.75 | 16.81 | 28.66M |
| Sep 22, 2026 | 17.70 | 17.77 | 17.23 | 17.56 | 14.48M |
| Sep 21, 2026 | 17.58 | 17.92 | 17.39 | 17.70 | 14.93M |
| Sep 18, 2026 | 18.08 | 18.10 | 16.55 | 17.11 | 19.13M |
About D-Wave Quantum
D-Wave Quantum (QBTS) is listed on the Nasdaq and classified by the SEC under “Services-Computer Processing & Data Preparation”. Its business address is in PALO ALTO, CA. State of incorporation: DE. Fiscal year ends December 31. SEC CIK 1907982.
QBTS board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| Alan E Baratz | President & CEO | Jul 15, 2026 |
| Roger Biscay | Director | Jun 8, 2026 |
| John D Dilullo | Director | Sep 9, 2026 |
| Rohit Ghai | Director | Jun 16, 2026 |
| Sharon E Holt | Director | Jun 5, 2026 |
| Kirstjen Nielsen | Director | Jun 5, 2026 |
| Steven M West | Director | Jun 5, 2026 |
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| Sophie C Ames | Exec. Vice President & CHRO | Sep 16, 2026 |
| Alan E Baratz | President & CEO | Jul 15, 2026 |
| Stanley T Black | Exec. Vice President & CISO | Sep 16, 2026 |
| Gregory Golkov | Acting CFO & SVP, Finance | Sep 24, 2026 |
| John M. Markovich | Chief Financial Officer | Jul 15, 2026 |
| Diane Nguyen | EVP, Chief Legal Officer & GC | Sep 16, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Sep 8, 2026 | John D Dilullo | Sale | 1,100 | $18.00 |
| Jul 20, 2026 | Sophie C Ames | Sale | 3,070 | $16.95 |
| Jun 15, 2026 | John M. Markovich | Sale | 100,000 | $25.75 |
| Jun 15, 2026 | John M. Markovich | Sale | 100,000 | $25.68 |
| Jun 15, 2026 | Rohit Ghai | Sale | 13,518 | $26.41 |
| Jun 12, 2026 | John M. Markovich | Sale | 46,043 | $24.01 |
| Jun 9, 2026 | John M. Markovich | Sale | 70 | $26.54 |
| Jun 8, 2026 | Alan E Baratz | Sale | 687,627 | $26.13 |
| Jun 8, 2026 | John M. Markovich | Sale | 50,979 | $26.24 |
| Jun 5, 2026 | John D Dilullo | Sale | 7,850 | $24.43 |
| Jun 2, 2026 | John M. Markovich | Sale | 2,908 | $31.00 |
| May 22, 2026 | John M. Markovich | Sale | 328,752 | $27.70 |
| May 21, 2026 | Diane Nguyen | Sale | 40,000 | $25.01 |
| May 20, 2026 | Sophie C Ames | Sale | 23,025 | $18.98 |
| Apr 20, 2026 | Sophie C Ames | Sale | 3,070 | $21.35 |
QBTS financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| Dec 31, 2025 | $24.59M | $-355.06M | -1.11 | $-71.98M |
| Dec 31, 2024 | $8.83M | $-143.88M | -0.75 | $-42.64M |
| Dec 31, 2023 | $8.76M | $-82.72M | -0.60 | $-60.65M |
| Dec 31, 2022 | $7.17M | $-53.70M | -0.45 | $-45.23M |
| Dec 31, 2021 | $6.28M | $-31.55M | -0.25 | $-34.80M |
Latest balance sheet: total assets $1.16B, total liabilities $75.32M, cash $296.64M (as of Jun 30, 2026).
QBTS earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| Aug 6, 2026 | 8-K Item 2.02 (results) | $19.41 |
| May 12, 2026 | 8-K Item 2.02 (results) | $22.35 |
| Feb 26, 2026 | 8-K Item 2.02 (results) | $20.14 |
| Nov 6, 2025 | 8-K Item 2.02 (results) | $28.39 |
| Aug 7, 2025 | 8-K Item 2.02 (results) | $17.17 |
| May 8, 2025 | 8-K Item 2.02 (results) | $10.42 |
| Mar 13, 2025 | 8-K Item 2.02 (results) | $6.91 |
| Jan 10, 2025 | 8-K Item 2.02 (results) | $5.77 |
| Nov 14, 2024 | 8-K Item 2.02 (results) | $1.87 |
| Aug 8, 2024 | 8-K Item 2.02 (results) | — |
| May 13, 2024 | 8-K Item 2.02 (results) | — |
| Mar 28, 2024 | 8-K Item 2.02 (results) | — |
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Information only, not investment advice. BuyMeWhiskey is not a registered investment adviser or broker-dealer; nothing here is a recommendation to buy, sell or hold any security, and there are no price targets. Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: end-of-day data as of Oct 15, 2026, 4:00 PM ET. Filings: SEC EDGAR. Updated after every US trading day.