D-Wave Quantum Stock 5-Day Winning Spree: Stock Climbs 55%

QBTS: D-Wave Quantum logo
QBTS
D-Wave Quantum

D-Wave Quantum (QBTS) stock hit a 5-day winning streak, with cumulative gains over this period amounting to 55%. The company’s market cap has surged by about $2.7 Bil over the last 5 days and currently stands at $7.6 Bil.

Is this an opportunity or a trap? There is a near-equal mix of good and bad in QBTS stock given its overall Moderate operating performance and financial condition. But keeping in mind its Very High valuation, we think that the stock is Unattractive (For details, see Buy or Sell QBTS).

But here is the interesting part. You are reading about this 55% move after it happened. The market has already priced in the news. To catch the next winner before the headlines, you need predictive signals, not notifications. High Quality Portfolio is based on an architecture that includes such signals.

Trefis: QBTS Stock Insights

Returns vs S&P 500

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The following table summarizes the return for QBTS stock vs. the S&P 500 index over different periods, including the current streak:

Return Period QBTS S&P 500
1D 3.4% 0.3%
5D (Current Streak) 55.2% 3.2%
1M (21D) 23.2% 4.8%
3M (63D) -28.6% 1.7%
YTD 2026 -17.7% 2.9%
2025 211.3% 16.4%
2024 854.4% 23.3%
2023 -38.9% 24.2%

However, big gains can follow sharp reversals – but how has QBTS behaved after prior drops? See QBTS Dip Buyer Analysis to learn more.

Gains and Losses Streaks: S&P 500 Constituents

There are currently 70 S&P constituents with 3 days or more of consecutive gains and 49 constituents with 3 days or more of consecutive losses.
 

Consecutive Days # of Gainers # of Losers
3D 11 36
4D 45 4
5D 7 6
6D 0 3
7D or more 7 0
Total >=3 D 70 49

 
 
Key Financials for D-Wave Quantum (QBTS)

Last 2 Fiscal Years:

Metric FY2024 FY2025
Revenues $8.8 Mil $24.6 Mil
Operating Income $-77.2 Mil $-100.4 Mil
Net Income $-143.9 Mil $-355.1 Mil

Last 2 Fiscal Quarters:

Metric 2025 FQ3 2025 FQ4
Revenues $3.7 Mil $2.8 Mil
Operating Income $-27.7 Mil $-34.8 Mil
Net Income $-140.0 Mil $-42.3 Mil

While QBTS stock looks attractive given its winning streak, investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.