QBTS NYSE Week ended 31 Jul 2026

Weekly Investor Report

D-Wave Quantum Inc. · Technology · Computer Hardware

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Latest close 18.08 USD
11.5% latest week
Weekly setup

Weak trend

The weekly trend is not active. Price is -13.5% below the Trend Line and sits at 15.7% of its 52-week range. The latest completed week returned 11.5%, after a -19.8% four-week move. The latest factor snapshot indicates quality ranks weakly versus its universe; growth ranks weakly; valuation is expensive relative to peers. Options positioning is bullish with 39/100 conviction, while the latest news-sentiment score is 55/100. Near-term considerations: volume confirmation is below normal; earnings are due in 4d.

Setup score 19 out of 100
Latest Close 18.08 USD 31 Jul 2026
1W Return 11.5% latest completed week
4W Return -19.8% short-term follow-through
12W Return -19.9% quarterly tape
Trend Breadth 50.0% 26 of 52 weeks active
Volume Ratio 0.9x vs 13-week average
What is working
  • Price is above Fair Value, showing premium demand versus the model.
What could go wrong
  • The trend backdrop is inactive, so price action has not confirmed a constructive regime.
  • Price is below the Trend Line, which keeps downside pressure in focus.
  • Activity pressure is negative, which weakens the current setup.
  • Next-week expectancy is negative at 39.83% based on similar historical setup states.
What to watch next
  • Trend Line remains the key weekly regime level.
  • Activity pressure is the gauge to monitor for confirmation or fade.
  • A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through 11.5% Latest completed week; four-week move -19.8%. Indicator stack 28/22 Trend and activity pressure are weighted against the latest 12-week confirmation window. Trend backdrop Active The trend backdrop defines the current weekly regime. Patient Capital Quiet Activity-pressure buy-signal status for institutional accumulation timing. Next-Week Expectancy Negative 39.83% Historical one-week expectancy contributes to the evidence score when direction is confirmed. Options pressure Bullish 39/100 conviction; expected move 13.8%. News sentiment 55/100 65 relevant articles in the latest sentiment read. Event risk 4d Next report is scheduled for 06 Aug 2026; event risk rises as the date approaches.
01 · Price action

Where price is—and whether the trend supports it

The weekly trend is not active. Price is -13.5% below the Trend Line and sits at 15.7% of its 52-week range. The latest completed week returned 11.5%, after a -19.8% four-week move.

Study the full chart

52-week price path

Price vs Trend Line and Fair Value
Price Trend Line Fair Value
02 · Volume and demand

Is real participation confirming the move?

Latest weekly volume is 0.9x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.

26-week volume confirmation

Bar height shows volume; colour shows the weekly price direction
6 Feb 13 Feb 20 Feb 27 Feb 6 Mar 13 Mar 20 Mar 27 Mar 3 Apr 10 Apr 17 Apr 24 Apr 1 May 8 May 15 May 22 May 29 May 5 Jun 12 Jun 19 Jun 26 Jun 3 Jul 10 Jul 17 Jul 24 Jul 31 Jul
Up week Down week
Demand beneath price

Activity pressure and institutional-style signals

These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.

Activity pressure path

Latest 0.3912-week average 0.31

12-week confirmation

Trend active0/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure9/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership2/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.39Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers0No reversal markers

No recent accumulation markers. No reversal markers.

03 · Momentum and leadership

Is performance persistent—and is the stock leading?

Performance is -19.8% over four weeks, -19.9% over 12 weeks, and 10.4% over one year. The current trend has remained active for 0 consecutive weeks.

Performance by holding period

1W11.5%
4W-19.8%
12W-19.9%
26W-14.8%
52W10.4%
Active trend streak0 weeks
Active weeks in one year26
Trend breadth50.0%

Activity pressure vs relative leadership

Activity pressureRelative leadership
Pressure-0.55Latest activity-pressure read.
Pressure change-225.5%Four-week change in activity pressure.
Leadership-26.91Latest relative-leadership reading.
RS change-184.1%Four-week change in relative leadership.
04 · Fundamentals and valuation

What investors are paying for—and the quality behind it

The latest factor snapshot indicates quality ranks weakly versus its universe; growth ranks weakly; valuation is expensive relative to peers.

Open full factor analysis
Factor week 26 Jul 2026 Financial statements through 31 Mar 2026 Field coverage 82% Model confidence 78%

Relative factor standing

Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.

Overall factor strength4/100Blend of value, momentum, and quality. Underlying universe rank 97; rank 1 is best.
Value15/100Relative valuation strength. Underlying universe rank 86; rank 1 is best.
Quality13/100Profitability and accounting quality. Underlying universe rank 88; rank 1 is best.
Momentum26/100Medium-term price momentum. Underlying universe rank 75; rank 1 is best.
Growth11/100Revenue and earnings growth. Underlying universe rank 90; rank 1 is best.
How to read this

Quality and valuation are separate questions

A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.

Valuation

How much investors are paying for earnings, sales, and cash flow.

P/E
-
Price divided by trailing earnings.
Price / sales
482.6x
Market value relative to trailing revenue.
EV / EBITDA
-
Enterprise value relative to operating cash earnings.
Free-cash-flow yield
-1.6%
Free cash flow as a share of enterprise value.

Business quality

Margins and the return generated on invested capital.

Gross margin
66.3%
Gross profit retained from each unit of revenue.
Operating margin
-3153.4%
Operating profit retained from revenue.
Free-cash-flow margin
-748.6%
Free cash flow generated from revenue.
Return on invested capital
-35.3%
Operating return generated on invested capital.

Growth and financial strength

Recent business growth and accounting strength.

Revenue growth
-41.7%
Latest one-year revenue growth.
EPS growth
-
Latest one-year earnings-per-share growth.
Free-cash-flow growth
-
Latest one-year free-cash-flow growth.
Piotroski F-score
5/9
Nine-point accounting-strength checklist.

Shareholder return and balance sheet

Cash returned to owners and financial leverage.

Dividend yield
-
Cash dividends relative to market value.
Buyback yield
-9.6%
Net share repurchases relative to market value.
Shareholder yield
-9.6%
Dividend yield plus net buyback yield.
Net debt / EBITDA
0.8x
Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment

What other market participants are doing

Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.

Options positioningBullish

QBTS shows bullish options pressure with a 39/100 conviction score, put-call volume ratio of 0.39, expected move of 13.8%, and Sharemaestro trend signal inactive.

Conviction39/100
Expected move13.8%
Put/call volume0.39
Pressure47
Speculation42
Volatility96
Trend agreement3
Open options detail
Insider activity2 / 18

2 acquisitions and 18 disposals in the latest 180-day insider tape.

Acquisitions / disposals over the latest 180 days. Insider activity is context, not a stand-alone signal.
News sentiment55/100

Weighted news tone is neutral across 65 relevant articles.

22 positive · 37 neutral · 6 negative
Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal
06 · Catalysts and risk

What can move the shares—and how volatile the path has been

Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.

Next earnings4dNext report is scheduled for 06 Aug 2026; event risk rises as the date approaches.
Options expected move13.8%Nearest-chain priced movement where available.
52-week drawdown-61.3%Distance below the 52-week high.
13-week volatility15.8%Standard deviation of weekly returns.

Weekly gains and losses

Latest 26 completed weeks

Each bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.

Weeks higher9 of 2617 weeks finished lower.
Best week+52.2%Week of 17 Apr.
Worst week-20.9%Week of 5 Jun.
Latest week+11.5%Week of 31 Jul.

Shape of recent returns

Strong gains6
Modest gains3
Flat weeks0
Modest losses6
Sharp losses11
Recent vol15.8%13-week weekly-return volatility.
Base vol15.7%52-week weekly-return volatility.
Up/down split23/29Count of positive and negative weeks in the 52-week window.
Average skew13.7% / -8.6%Average positive week versus average negative week.
07 · Sector and peer context

Is this stock leading—or simply moving with its group?

Sector and industry breadth distinguish company-specific strength from a broad group move.

08 · Evidence and weekly data

The underlying research record

Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.

Weekly tape22/100

Trend, activity pressure, participation, and risk combine to a 22/100 tape read.

 Indicator analysis34/100

Latest 12-week confirmation: trend 0/12, activity pressure 9/12, relative leadership 2/12.

Activity pressure 0.39; No reversal markers Next-Week ExpectancyNegative 39.83%

Next-week expectancy is negative with a 39.83% historical one-week setup read.

Adds short-term historical context without overriding trend, activity, or relative leadership. Factors13/100

O'Shaughnessy factor stack blends value, quality, momentum, and confidence.

Buyback Yield rank 86; Small Cap Core rank 90 Patient CapitalQuiet

Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.

No recent buy signal Options42/100

QBTS shows bullish options pressure with a 39/100 conviction score, put-call volume ratio of 0.39, expected move of 13.8%, and Sharemaestro trend signal inactive.

Bullish · Call-side pressure · Expected move 13.8% Sentiment55/100

Weighted news tone is neutral across 65 relevant articles.

Quantum Earnings Could Decide Whether the Sector’s Sell-Off Has Gone Too Far Insiders2 / 18

2 acquisitions and 18 disposals in the latest 180-day insider tape.

 Earnings4d

Next report is scheduled for 06 Aug 2026; event risk rises as the date approaches.
WeekCloseReturnTrend LineFair ValuePressureLeadershipVolumeTrend
31 Jul 202618.08 USD11.5%20.89 USD10.41 USD-0.55-26.91129.6MOff
24 Jul 202616.21 USD-3.1%21.23 USD10.30 USD-0.36-33.8472.1MOff
17 Jul 202616.73 USD-16.7%21.53 USD10.21 USD-0.01-32.4384.7MOff
10 Jul 202620.09 USD-10.8%21.87 USD10.12 USD0.28-20.4884.4MOff
3 Jul 202622.53 USD-1.0%22.07 USD10.01 USD0.44-9.4787.3MOff
26 Jun 202622.76 USD-7.8%22.22 USD9.87 USD0.61-6.40163.0MOff
19 Jun 202624.69 USD5.6%22.21 USD9.74 USD0.80-0.41133.1MOff
12 Jun 202623.37 USD-2.0%22.07 USD9.59 USD1.07-4.50140.8MOff
5 Jun 202623.85 USD-20.9%22.08 USD9.46 USD1.09-1.65213.4MOff
29 May 202630.14 USD2.5%22.27 USD9.32 USD1.0521.24179.6MOff
22 May 202629.40 USD44.5%22.50 USD9.13 USD0.7420.82328.6MOff
15 May 202620.35 USD-9.8%22.61 USD8.96 USD0.27-15.31160.5MOff
8 May 202622.57 USD10.2%23.21 USD8.83 USD0.22-5.50129.9MOff
1 May 202620.49 USD10.8%23.55 USD8.69 USD-0.25-11.63104.7MOff
How to use this report

This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.