D-Wave Quantum Inc.QBTS

Bearish

ASignal's systematic analysis rates QBTS as Bearish.

Reflects the latest available analysis · analyzed Aug 26, 2026

The case on QBTS

Bull vs bear, surfaced by ASignal's framework agents from public market data. The precise verdict: ASignal Rank, confidence, and price targets - is in the app.

Bull case
  • Strong gross margin of 64.19% indicating pricing power
  • Low debt-to-equity ratio of 0.04x suggesting strong financial health
  • High cash position with $546.21M in total cash
  • Current ratio of 20.55x indicating strong short-term liquidity
VS
Bear case
  • Negative MACD histogram and MACD below signal line indicating bearish momentum
  • Price below 20-day and 50-day moving averages showing downtrend
  • Negative operating cash flow of -$110.88M
  • Negative free cash flow of -$73.38M
  • Operating margin of -1732.06% signaling severe operational inefficiency
  • Negative return on equity (-27.98%) and return on assets (-10.65%)
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See the full verdict on QBTS

ASignal Rank (1-4), confidence score, Buffett / Ackman / Dalio grades, price targets, and the full reasoning behind the call.

How ASignal analyzes QBTS

Most investors never get a second opinion, let alone several. ASignal runs QBTS past a panel of specialized investor-framework agents, each calibrated on a distinct school of investing: Warren Buffett's value discipline, Bill Ackman's activist lens, and Ray Dalio's macro view. They don't just score in isolation, they argue: a dedicated Challenger agent pushes back on every conclusion until the panel settles on a reasoned consensus, weighing fundamentals, macro conditions, market sentiment, and price action together. The kind of cross-examined read that takes a research desk hours, ASignal delivers in under two minutes, refreshed every cycle.

The signal direction and the bull and bear case above are free. The precise read, ASignal Rank, framework grades, price targets, and full reasoning, stays with subscribers.