D-Wave Quantum Inc.
Close on Oct 19, 2026
- Market cap
- $4.39B
- P/E (TTM)
- –
- Dividend yield
- –
About D-Wave Quantum
Services-Computer Processing & Data Preparation, SIC 7374
D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services to help organizations address complex computational challenges. As a dual-platform provider, the company offers commercial annealing quantum computing systems, including the Advantage2, and develops superconducting gate-model quantum computers. Its core offerings include the Leap quantum cloud service, hybrid quantum-classical solvers like Stride, and the Ocean software development kit, alongside professional onboarding and implementation services. D-Wave generates revenue through cloud access via quantum computing as a service, professional services, and sales of on-premises hardware. The company serves enterprise, academic, and government customers across diverse industries such as manufacturing, retail, logistics, financial services, life sciences, and defense.
D-Wave provides broad international access to its technology, delivering its cloud-based Leap service across 42 countries. Customers and partner organizations span regions including Canada, the United States, Japan, Turkey, and Europe, while its on-premises systems and cloud offerings support international enterprises, research centers, and public institutions. The provided text does not state the company's headquarters location.
Summary of the business section of D-Wave Quantum's latest annual report, written by StockData.
Company profile
Company
- Legal name
- D-Wave Quantum Inc.
- Founded
- 1999
- Headquarters
- Palo Alto, CA
- Address
- 2650 East Bayshore Road 94303
- Phone
- (650) 285-2881
- Website
- www.dwavequantum.com
- Employees
- 388, Dec 31, 2025
- Industry
- Services-Computer Processing & Data Preparation
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- Grant Thornton LLP, Bellevue, Washington
Stock & identifiers
- Ticker
- QBTS
- Exchange
- Nasdaq
- Shares outstanding
- 369M, Aug 5, 2026
- Public float
- $4.93B, Jun 30, 2025
- Filer category
- Non-accelerated filer
- SEC CIK
- 1907982
- CUSIP
- 26740W109
- ISIN
- US26740W1099
- LEI
- 5493001U37G4PRD4GW95
- EIN
- 00-0000000
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Alan E. Baratz | President & CEO, Director | 3,247,451 |
| Gregory Golkov | Acting CFO & SVP, Finance | 426,872 |
| Sophie C. Ames | Exec. Vice President & CHRO | 563,615 |
| Diane Nguyen | EVP, Chief Legal Officer & GC | 503,302 |
| Stanley T. Black | Exec. Vice President & CISO | 133,278 |
| John M. Markovich | Chief Financial Officer | 1,123,629 |
| John D. DiLullo | Director | 20,210 |
| Rohit Ghai | Director | 23,617 |
| Roger Biscay | Director | 23,617 |
| Sharon E. Holt | Director | 84,696 |
| Steven M. West | Director | 148,116 |
| Kirstjen Nielsen | Director | 122,030 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Dr. Baratz | $5.17M | $30.93M | $2.21M | $1816 | – |
| FY2024 Dr. Baratz | $1.72M | $8.39M | $1.02M | $667 | – |
| FY2023 Dr. Baratz | $1.05M | -$587.13K | $533.50K | $58 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of February 5, 2026, we had approximately 388 employees across our systems, software, sales, marketing, and corporate teams, including 382 full-time employees (including employees who joined D-Wave as a result of the acquisition of Quantum Circuits).”
Corporate history
Events identified from SEC filings