QBTS D-Wave Quantum (QBTS) Insider Trading, Ownership & Congress Trades
Software & IT · Services-computer processing & data preparation · CIK 0001907982
Form 144 · 1
Insider buyers, 180 days
0
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
376
13F, latest reported quarter
Conversions, 180 days
4
Codes C/M, not in net · $906.9K priced
What the filings say about QBTS
Insiders, 180 days
-$36.8M net sold
6 sellers · 7% of sales under a 10b5-1 plan
Planned sales (Form 144), 90 days
$36.5K
1 notice
D-Wave Quantum insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, D-Wave Quantum Inc. insiders sold a net $36.8M of stock across 117 Form 4 purchases and sales, with no insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- 7 earlier Form 4 trades (code P or S) here by this insider (7 sales), the last on Jun 5, 2026.
- The trade is 5.4% of the 20,210 shares held after it.
- No other insider sold within 30 days.
- 376 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director DiLullo John D sold about $19.8K of QBTS under a 10b5-1 plan on Sep 8, 2026; 376 funds added in the latest 13F quarter.Context
- 2 earlier Form 4 trades (code P or S) here by this insider (2 sales), the last on May 20, 2026.
- The trade is 0.5% of the 589,009 shares held after it.
- No other insider sold within 30 days.
- 376 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Exec. Vice President & CHRO AMES SOPHIE C sold about $52.0K of QBTS on Jul 20, 2026; 376 funds added in the latest 13F quarter.Context
- 4 earlier Form 4 trades (code P or S) here by this insider (4 sales), the last on Mar 16, 2026.
- The trade is 57.2% of the 23,617 shares held after it.
- 5 other insiders sold within 30 days.
- 376 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Ghai Rohit sold about $357.0K of QBTS on Jun 15, 2026; 5 other insiders sold within 30 days and 376 funds added in the latest 13F quarter.Context
- 21 earlier Form 4 trades (code P or S) here by this insider (21 sales), the last on Jun 12, 2026.
- The trade is 8.0% of the 1,242,820 shares held after it.
- 5 other insiders sold within 30 days.
- 376 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Financial Officer Markovich John M. sold about $2.6M of QBTS on Jun 15, 2026; 5 other insiders sold within 30 days and 376 funds added in the latest 13F quarter.Context
- 21 earlier Form 4 trades (code P or S) here by this insider (21 sales), the last on Jun 12, 2026.
- The trade is 8.8% of the 1,142,820 shares held after it.
- 5 other insiders sold within 30 days.
- 376 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Chief Financial Officer Markovich John M. sold about $2.6M of QBTS on Jun 15, 2026; 5 other insiders sold within 30 days and 376 funds added in the latest 13F quarter.117 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net -$36.8M over 180 days
-$19.8K over 90 days
below 82% of Software & IT
Congress
no House purchase disclosed in the last 12 months
Funds
376 funds bought in last quarter
more than 89% of Software & IT
Revenue
+178.5% year over year
more than 92% of Software & IT
Margin
-1444.1% net margin
below 98% of Software & IT
Buybacks
no share repurchases reported
Short interest
19.6% of the float short (float per yahoo 2026-10-26) · 4.2 days to cover · settled 2026-09-30
more than 97% of Software & IT
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch QBTS
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
-62.8%12M
Insider buyInsider sellForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns QBTS: institutional holders (13F)
13F holdings, latest reported quarter
33,147,399 sh
$795.2M
22,021,534 sh
$528.3M
15,940,671 sh
$382.4M
11,645,700 sh
$279.4M
9,270,389 sh
$222.4M
Congress trades in QBTS
No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
QBTS planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
John D. DiLullo
Filed 2026-09-08
$36.5K
Sophie C. Ames
Filed 2026-07-20
$51.4K
QBTS mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Corgi Quantum Computing ETF
$3.0M position · as of 2026-06-30
18.8%
WisdomTree Quantum Computing Fund
$18.2M position · as of 2026-06-30
5.5%
Roundhill Meme Stock ETF
$1.2M position · as of 2026-06-30
5.1%
AlphaCentric Robotics and Automation Fund
$599.8K position · as of 2026-06-30
2.2%
Neuberger Small Cap Growth Fund
$11.6M position · as of 2026-05-31
1.7%
Invesco WilderHill Clean Energy ETF
$5.2M position · as of 2026-07-31
1.2%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return · Dr. Baratz
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$5.2M
$30.9M
$2.2M
+1716%
n/a
2024
$1.7M
$8.4M
$1.0M
+567%
n/a
2023
$1.0M
-$587.1K
$533.5K
-42%
n/a
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders have filed to sell, before selling.
The record shows a net $36.8M sold by insiders over 180 days, 376 funds added last quarter, $36.5K in planned Form 144 sales. Each figure is a federal filing, dated the day it went public.
QBTS financials
Revenue growth
+178.5%
XBRL, annual
Net margin
-1444.1%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$12.4M
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM QBTS
| FY Dec 2025 | $24.6M |
| FY Dec 2024 | $8.8M |
| FY Dec 2023 | $8.8M |
| FY Dec 2022 | $7.2M |
| FY Dec 2021 | n/a |
| Jun 2026 | $3.1M |
| Mar 2026 | $2.9M |
| Dec 2025 | $2.8M |
| Sep 2025 | $3.7M |
| Jun 2025 | $3.1M |
| Mar 2025 | $15.0M |
| Dec 2024 | $2.3M |
| Sep 2024 | $1.9M |
At each fiscal year end
Single quarter
Net margin, TTM
-2,002%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM QBTS
| FY Dec 2025 | -1,444% |
| FY Dec 2024 | -1,630% |
| FY Dec 2023 | -944.5% |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | -1,561% |
| Mar 2026 | -642.3% |
| Dec 2025 | -1,538% |
| Sep 2025 | -3,744% |
| Jun 2025 | -5,406% |
| Mar 2025 | -36.1% |
| Dec 2024 | -3,728% |
| Sep 2024 | -1,215% |
At each fiscal year end
Single quarter
Free cash flow, TTM
-$119.1M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM QBTS
| FY Dec 2025 | -$75.8M |
| FY Dec 2024 | -$44.7M |
| FY Dec 2023 | -$61.2M |
| FY Dec 2022 | -$45.6M |
| FY Dec 2021 | n/a |
| Jun 2026 | -$32.9M |
| Mar 2026 | -$46.0M |
| Dec 2025 | -$20.0M |
| Sep 2025 | -$20.1M |
| Jun 2025 | -$16.0M |
| Mar 2025 | -$19.7M |
| Dec 2024 | $1.1M |
| Sep 2024 | -$18.4M |
At each fiscal year end
Single quarter
Debt to equity
0.06x
long-term 2026-06-30 plus current 2023-09-30 (33 months older than the period end); equity 2026-06-30
Debt to equity QBTS
| FY Dec 2025 | 0.08x |
| FY Dec 2024 | 0.96x |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | 0.06x |
| Mar 2026 | 0.06x |
| Dec 2025 | 0.08x |
| Sep 2025 | 0.09x |
| Jun 2025 | 0.09x |
| Mar 2025 | 0.29x |
| Dec 2024 | 0.96x |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
-1.70x
TTM operating cash flow over long-term 2026-06-30 plus current 2023-09-30 (33 months older than the period end)
Cash flow to debt QBTS
| FY Dec 2025 | -1.09x |
| FY Dec 2024 | -0.71x |
| FY Dec 2023 | -0.64x |
| FY Dec 2022 | -1.37x |
| FY Dec 2021 | n/a |
| Jun 2026 | -1.70x |
| Mar 2026 | -1.49x |
| Dec 2025 | -1.09x |
| Sep 2025 | -0.83x |
| Jun 2025 | -0.81x |
| Mar 2025 | -0.82x |
| Dec 2024 | -0.71x |
| Sep 2024 | -0.95x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
-28.0%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity QBTS
| FY Dec 2025 | -77.6% |
| FY Dec 2024 | -754.0% |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | -28.0% |
| Mar 2026 | -55.3% |
| Dec 2025 | -77.6% |
| Sep 2025 | -122.0% |
| Jun 2025 | -83.7% |
| Mar 2025 | -154.9% |
| Dec 2024 | -754.0% |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
-24.8%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets QBTS
| FY Dec 2025 | -63.7% |
| FY Dec 2024 | -111.0% |
| FY Dec 2023 | -191.7% |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | -24.8% |
| Mar 2026 | -48.2% |
| Dec 2025 | -63.7% |
| Sep 2025 | -87.1% |
| Jun 2025 | -62.2% |
| Mar 2025 | -70.5% |
| Dec 2024 | -111.0% |
| Sep 2024 | -123.3% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
tax provision or pre-tax income not filed for the four quarters
Return on invested capital QBTS
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
-17.4%
operating income (EBIT proxy) over average of 2025-06-30 and 2026-06-30 minus current liabilities
Return on capital employed QBTS
| FY Dec 2025 | -18.9% |
| FY Dec 2024 | -70.9% |
| FY Dec 2023 | -273.0% |
| FY Dec 2022 | -398.0% |
| FY Dec 2021 | n/a |
| Jun 2026 | -17.4% |
| Mar 2026 | -19.4% |
| Dec 2025 | -18.9% |
| Sep 2025 | -19.6% |
| Jun 2025 | -18.7% |
| Mar 2025 | -40.8% |
| Dec 2024 | -70.9% |
| Sep 2024 | -291.9% |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
P/E, trailing QBTS
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$4.0B
market value at close 2026-10-26 on 2026-08-05 shares, plus long-term 2026-06-30 plus current 2023-09-30 (33 months older than the period end), minus cash 2026-06-30
Enterprise value QBTS
| FY Dec 2025 | $8.5B |
| FY Dec 2024 | $1.4B |
| FY Dec 2023 | $152.5M |
| FY Dec 2022 | $113.4M |
| FY Dec 2021 | n/a |
| Jun 2026 | $8.6B |
| Mar 2026 | $5.0B |
| Dec 2025 | $8.5B |
| Sep 2025 | $7.6B |
| Jun 2025 | $3.5B |
| Mar 2025 | $1.9B |
| Dec 2024 | $1.4B |
| Sep 2024 | $175.9M |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
-2.8%
TTM free cash flow over market value at close 2026-10-26
FCF yield QBTS
| FY Dec 2025 | -0.8% |
| FY Dec 2024 | -3.0% |
| FY Dec 2023 | -61.4% |
| FY Dec 2022 | -50.2% |
| FY Dec 2021 | n/a |
| Jun 2026 | -1.4% |
| Mar 2026 | -1.9% |
| Dec 2025 | -0.8% |
| Sep 2025 | -0.7% |
| Jun 2025 | -1.3% |
| Mar 2025 | -2.4% |
| Dec 2024 | -3.0% |
| Sep 2024 | -39.4% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing loss, a multiple of a loss is not meaningful
PEG, trailing QBTS
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Revenue | $24.6M | $8.8M | $8.8M | $7.2M |
| Gross profit | $20.3M | $5.6M | $4.6M | $4.2M |
| Operating income | -$100.4M | -$77.2M | -$80.5M | -$59.5M |
| Net income | -$355.1M | -$143.9M | -$82.7M | -$53.7M |
| EPS (diluted) | -1.11 | -0.75 | -0.60 | -0.45 |
| Operating cash flow | -$72.0M | -$42.6M | -$60.6M | -$45.2M |
| Cash | $635.3M | $178.0M | $41.3M | n/a |
| Long-term debt | $35.8M | $30.1M | $63.9M | $31.2M |
SEC XBRL, fiscal years, as known on 2026-10-28
QBTS Stock Sonar score 6/7 axes
Find similar shapesCompareQBTS ranks highest on growth (95th percentile) and institutional and government (89th), and lowest on insider conviction (7th), among Software & IT peers.
6 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
QBTS filings, in plain words
Are D-Wave Quantum insiders buying or selling QBTS?
In the 180 days to 2026-10-28, D-Wave Quantum insiders were net sellers, a net $36.8M across purchases and sales reported on Form 4, by 6 sellers.
Are there planned insider sales of QBTS?
Yes. 1 Form 144 notice of planned insider sales was filed in the 90 days to 2026-10-28, covering $36.5K of stock; the latest, by John D. DiLullo, was filed 2026-09-08.
Read the full summary
In the 180 days to 2026-10-28, D-Wave Quantum insiders were net sellers of QBTS, a net $36.8M across purchases and sales reported on Form 4 by 6 sellers. 7% of the 14 insider sales were made under a Rule 10b5-1 plan; the rest were not flagged as planned. Insiders filed 1 Form 144 notice of intent to sell in the 90 days to 2026-10-28, covering $36.5K of stock. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
Explore insider trading and ownership data
Every company we track, ranked by each kind of filing
