TLDR
- D-Wave Quantum Inc. (QBTS) director Steven M. West sold 144,000 shares worth $2.6 million on August 13, 2025
- The stock has dropped 6.46% amid investor concerns about Q2 financial results showing larger losses than expected
- Company reported Q2 revenue of $3.1 million, beating estimates of $2.59 million, but posted -$0.08 earnings per share versus -$0.05 forecast
- D-Wave maintains strong fundamentals with 82.46% gross profit margin and $800 million in cash reserves
- Company announced 83% increase in bookings for quantum computing technology in Asia Pacific region
D-Wave Quantum Inc. stock has been under pressure recently, trading down 6.46% as investors digest mixed second-quarter results and insider selling activity.
Director Steven M. West executed a large stock sale on August 13, 2025. He sold 144,000 shares of common stock in two separate transactions worth approximately $2.6 million total.
The first transaction involved 119,000 shares at $18.06 per share. The second sale covered 25,000 shares at a weighted average price of $18.176, with individual sale prices ranging from $18.17 to $18.19.
Following these transactions, West directly owns 139,018 shares. This includes 19,837 unvested restricted stock units. He also indirectly owns 24,659 shares through Emerging Company Partners LLC, an entity he controls.
The timing of West’s stock sale coincides with investor concerns about the company’s latest financial performance. D-Wave reported second-quarter results that showed a larger loss than Wall Street expected.
Financial Performance Shows Mixed Results
The company posted earnings per share of -$0.08 for Q2, missing the forecasted -$0.05. This wider-than-expected loss has contributed to the stock’s recent decline.
However, D-Wave did beat revenue expectations. The company reported Q2 revenue of $3.1 million, surpassing analyst estimates of $2.59 million.
Despite the revenue beat, investors remain focused on the company’s profitability challenges. The EBIT margin currently sits at -1254.8%, while the pre-tax profit margin stands at -1034.5%.
The company’s current ratio of 43 indicates it can easily meet short-term obligations. D-Wave maintains cash reserves above $800 million, providing financial flexibility for operations and growth investments.
The quantum computing company carries minimal debt with a debt-to-equity ratio of just 0.06. This conservative debt structure contrasts with the company’s stretched profitability ratios.
Capital expenditures reached $749,000 in the recent quarter. The company continues investing in growth despite the current financial challenges.
Business Operations Show Growth Momentum
D-Wave announced an 83% increase in bookings for its annealing quantum computing technology in the Asia Pacific region. This growth occurred over the past year and represents expanding international demand.
The company’s gross profit margin remains strong at 82.46%. This indicates D-Wave maintains pricing power and cost control over its core products and services.
Benchmark maintained its Buy rating on D-Wave Quantum stock. The firm cited strong momentum in technology development, customer growth, and financial performance as key factors.
Piper Sandler raised its price target from $13.00 to $22.00 while maintaining an Overweight rating. The analyst decision reflected D-Wave’s better-than-expected June quarter results and the availability of its Advantage2 system.
The stock has delivered extraordinary returns over the past year. D-Wave shares have gained 1,835% during this period, though recent volatility has pressured the stock price.
D-Wave’s market capitalization currently stands at $5.8 billion. The company trades at a price-to-book ratio of 9.12, reflecting investor expectations for future growth in quantum computing applications.
Recent trading shows the stock opened more than 3% lower before recovering somewhat. The initial decline reflected investor reaction to the mixed quarterly results and ongoing profitability concerns.
D-Wave’s Advantage2 quantum computing system is now available to customers, representing the latest advancement in the company’s technology platform.
