Is D-Wave Quantum Stock Built to Withstand More Downside?
D-Wave Quantum (QBTS) stock is down 24.2% in 21 trading days. The recent slide reflects renewed concerns around D-Wave’s speculative valuation and persistent operating losses, but sharp drops like this often raise a tougher question: is the weakness temporary, or a sign of deeper cracks in the story?
Before judging its downturn reslience, let’s look at where D-Wave Quantum stands today.
- Size: D-Wave Quantum is a $7.7 Bil company with $24 Mil in revenue currently trading at $25.08.
- Fundamentals: Last 12 month revenue growth of 156.2% and operating margin of -355.2%.
- Liquidity: Has Debt to Equity ratio of 0.0 and Cash to Assets ratio of 0.97
- Valuation: D-Wave Quantum stock is currently trading at P/E multiple of -21.2 and P/EBIT multiple of -21.3
These metrics point to a Moderate operational performance, alongside Very High valuation – making the stock Unattractive. For details, see Buy or Sell QBTS Stock
That brings us to the key consideration for investors worried about this fall: how resilient is QBTS stock if markets turn south? This is where our downturn resilience framework comes in. Suppose QBTS stock falls another 20-30% to $18 – can investors comfortably hold on? Turns out, the stock has fared much worse than the S&P 500 index during various economic downturns, based on (a) how much the stock fell and, (b) how quickly it recovered. Below, we dive deeper into each such downturn.
2022 Inflation Shock
- QBTS stock fell 96.7% from a high of $12.40 on 9 August 2022 to $0.41 on 12 May 2023 vs. a peak-to-trough decline of 25.4% for the S&P 500.
- However, the stock fully recovered to its pre-Crisis peak by 19 May 2025
- Since then, the stock increased to a high of $44.78 on 15 October 2025 , and currently trades at $25.08
| QBTS | S&P 500 | |
|---|---|---|
| % Change from Pre-Recession Peak | -96.7% | -25.4% |
| Time to Full Recovery | 738 days | 464 days |
Feeling jittery about QBTS stock? Consider portfolio approach.
Portfolios Over Individual Stock Picks
Individual stocks are unpredictable. A smart portfolio keeps you invested, limits downside shocks, and provides upside exposure
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.