D-Wave Quantum Just Got $100 Million From the U.S. Government. It's Also Burning Through Roughly $37 Million a Quarter. With Its Stock Down 60% From the Peak, Is It a Bargain or a Trap?

Markets QBTS D-Wave Quantum Just Got $100 Million From the U.S. Government. It's Also Burning Through Roughly $37 Million a Quarter. With Its Stock Down 60% From the Peak, Is It a Bargain or a Trap? September 23, 2026 — 06:05 am EDT

Written by Matt DiLallo for The Motley Fool

linkedin Key Points D-Wave Quantum only generated $3.5 million in revenue during the second quarter.

While its surging bookings suggest revenue growth will accelerate, it trades at more than 150 times forward sales.

Its cash burn rate is also concerning, suggesting additional dilution is likely.

10 stocks we like better than D-Wave Quantum › Shares of D-Wave Quantum (NASDAQ:QBTS) have tumbled 60% from its 52-week high. As a bargain-hunting investor, I'm piqued by that. However, after further inspection, I think the quantum computing stock is more of a value trap than a bargain. It trades at a sky-high valuation even though it's burning through cash.

Here's why more value-conscious investors will want to avoid this quantum computing stock .

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