D-Wave Quantum (QBTS): Evaluating Valuation After Strong Q3 Revenue Growth and Notable New Partnerships

Simply Wall St.11-20

D-Wave Quantum (NYSE:QBTS) captured attention after posting third-quarter revenue that doubled from a year earlier, a sign of expanding demand for its quantum computing offerings. New partnerships in ...

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New partnerships in ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/software/nyse-qbts/d-wave-quantum/news/d-wave-quantum-qbts-evaluating-valuation-after-strong-q3-rev\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>D-Wave Quantum (QBTS): Evaluating Valuation After Strong Q3 Revenue Growth and Notable New Partnerships</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nD-Wave Quantum (QBTS): Evaluating Valuation After Strong Q3 Revenue Growth and Notable New Partnerships\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-11-20 03:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/software/nyse-qbts/d-wave-quantum/news/d-wave-quantum-qbts-evaluating-valuation-after-strong-q3-rev><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>D-Wave Quantum (NYSE:QBTS) captured attention after posting third-quarter revenue that doubled from a year earlier, a sign of expanding demand for its quantum computing offerings. New partnerships in ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/software/nyse-qbts/d-wave-quantum/news/d-wave-quantum-qbts-evaluating-valuation-after-strong-q3-rev\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QBTS","symbol_name":"D-Wave Quantum Inc.","start_time":0,"source_url":"https://simplywall.st/stocks/us/software/nyse-qbts/d-wave-quantum/news/d-wave-quantum-qbts-evaluating-valuation-after-strong-q3-rev","article_id":"2584741489","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/9621091-choice2-main-header/1585186855318"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/software/nyse-qbts/d-wave-quantum/news/d-wave-quantum-qbts-evaluating-valuation-after-strong-q3-rev","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2584741489","pubTimestamp":1763580219,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"D-Wave Quantum (NYSE:QBTS) captured attention after posting third-quarter revenue that doubled from a year earlier, a sign of expanding demand for its quantum computing offerings. New partnerships in Italy and the U.S. are adding momentum to its growth outlook.\nSee our latest analysis for D-Wave Quantum.\nD-Wave Quantum’s momentum has been volatile. After a rapid climb earlier this year, with a staggering 1,439% total shareholder return over the past 12 months, the stock recently retraced...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"QBTS":"D-Wave Quantum Inc."},"translate_title":"D-Wave Quantum(QBTS)：在第三季度收入强劲增长和显着的新合作伙伴关系后评估估值","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QBTS":1.5},"content_text":"D-Wave Quantum (NYSE:QBTS) captured attention after posting third-quarter revenue that doubled from a year earlier, a sign of expanding demand for its quantum computing offerings. New partnerships in Italy and the U.S. are adding momentum to its growth outlook. See our latest analysis for D-Wave Quantum. D-Wave Quantum’s momentum has been volatile. After a rapid climb earlier this year, with a staggering 1,439% total shareholder return over the past 12 months, the stock recently retraced sharply, posting a 20.9% drop in the past week and a 40.2% decline over 30 days. The latest pullback comes despite company headlines about government contracts, analyst upgrades, and new quantum-AI products. This suggests that elevated expectations and risk perceptions remain high among investors. Even with dramatic corrections, D-Wave’s performance over both the short and long term still stands out in the high-growth tech landscape. If you’re watching what’s next for cutting-edge tech, take the opportunity to discover See the full list for free. With quantum computing still in its early stages and D-Wave’s valuation running well ahead of near-term sales, the real question is whether recent volatility marks a true buying opportunity or if future growth is already reflected in the current price. AdvertisementPrice-to-Book of 12x: Is it justified? D-Wave Quantum’s shares trade at a price-to-book ratio of 12, far above both the US Software industry average and its peer group. At a last close of $22.93, buyers are paying a steep premium for each dollar of the company’s net assets. This positions the stock as expensive relative to benchmarks. The price-to-book ratio compares a company’s market value to its book value, providing a snapshot of what investors are willing to pay for a firm’s net assets. For a cutting-edge technology business like D-Wave Quantum, a high multiple can signal expectations of transformational growth or dominance in its emerging sector. However, it also flags heightened risk if those ambitions are not realized. Compared to the US Software industry average of 3.5x and the peer average of 9.7x, D-Wave’s valuation appears stretched. Such a notable premium suggests investors are betting on rapid revenue gains and future breakthroughs. Yet the absence of profitability and recent share dilution may add pressure to justify this lofty price point. See what the numbers say about this price — find out in our valuation breakdown. Result: Price-to-Book of 12x (OVERVALUED) However, ongoing losses and share dilution could undermine investor confidence if revenue growth fails to meet expectations. This could put downward pressure on future returns. Find out about the key risks to this D-Wave Quantum narrative.  Build Your Own D-Wave Quantum Narrative If you have a different perspective or want to dive deeper, you can craft your own analysis in just a few minutes. Do it your way A great starting point for your D-Wave Quantum research is our analysis highlighting 2 key rewards and 4 important warning signs that could impact your investment decision. Looking for more investment ideas? Don’t miss your chance to get ahead of the curve. Use the Simply Wall Street Screener to find companies with strong momentum, underappreciated value, or the potential for explosive growth before everyone else catches on.  Target market-beating returns by starting with these 900 undervalued stocks based on cash flows that trade well below their intrinsic value but show healthy fundamentals. Boost your portfolio’s innovation edge by searching for tomorrow’s disruptors among these 27 AI penny stocks pioneering breakthroughs in artificial intelligence. Kick-start your hunt for next-level tech by checking out these 26 quantum computing stocks bringing real quantum power to today’s industries.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n    and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n    financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n    Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n    Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. 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