Should I Buy D-Wave (QBTS)? Finance YouTuber Analysis

The YouTuber holds D-Wave as part of his individual quantum stock portfolio, which he describes as 'asymmetric bets' on companies with high growth potential. He notes that D-Wave uses quantum annealing, a distinct approach to quantum computing, and he invests in it with a small, survivable position, expecting significant returns if the technology proves successful.

“Now, for those of you that would rather own the individual stocks yourselves, let me show you exactly how I do it because I do own all four of these quantum names directly.”

The YouTuber highlights D-Wave's significant revenue growth, with early 2026 contracts exceeding all of 2025. He also notes their recent acquisition of gate model capability, expanding their technological approach beyond annealing, which he sees as a positive development for their future prospects.

“In January and February alone, D-Wave booked more in new contracts than their entire 2025 annual revenue.”

The YouTuber recommends D-Wave as a 'pure play' quantum company that is already generating revenue by solving optimization problems with quantum annealing. He notes their Advantage 2 system, strong year-over-year revenue growth, and partnerships with AWS Bracket and Deloitte Canada. D-Wave's hybrid solvers leverage classical and quantum computing, ensuring profitability even if the quantum part isn't perfect.

“D-Wave is one of the few quantum companies where if you ask them to show you the money, they actually have an answer.”

The YouTuber is buying D-Wave, a pure-play quantum computing company, due to its recent advancements, including the general availability of its sixth-generation quantum computer. Despite not yet being profitable, its significant revenue growth and bookings indicate that quantum computing is becoming practical, offering substantial long-term growth potential.

“D-Wave had shocked investors a couple weeks ago with their Q1 revenue of 15 million. That was up 509%.”

The YouTuber views D-Wave Quantum as a leader in the early stages of quantum computing, an area with extreme growth potential. He expects revenue and margins to grow as they push for government adoption, noting they've beaten forecasts regularly. He advises buying on dips due to stock price volatility.

“I see quantum computing as being an area of extreme growth over time. And in my opinion, we're in the early innings of this particular game. And they've already been beating forecasts semi-regular in the lower right. And analysts see D-Wave with over 50% upside.”

The YouTuber is buying D-Wave Quantum early, anticipating exponential growth in quantum computing technology and resources over the next 3-5 years, accelerated by AI. He notes D-Wave's partnership with Kerasif Technology to provide quantum computing access to US government agencies, with analysts forecasting 13% upside.

“I'm simply taking the approach of getting in early to be way ahead of it.”

The YouTuber is buying D-Wave Quantum due to its low market cap of $290 million, making a 10x growth to $2.9 billion realistic. Despite weak fundamentals as a startup burning cash, the company is a leader in quantum computing technology, which is seen as a future growth area. The current low price makes it an attractive long-term investment.

“overall the stock is touching on future technology that isn't widely adopted or available to most of us but it is priced low enough right now that I'm willing to invest a few thousand into it and just write it out for the next decade”

The YouTuber is watching D-Wave Systems closely, noting its recent revenue jump and potential for major profit within two to three years. Despite its penny stock status and post-IPO drop, the company's long history as a commercial quantum computer supplier and its Quantum cloud service, Leap, are seen as positive indicators for future growth.

“I'm going to be watching this company closely for a while because their revenue jumped quite a bit last quarter and if that does continue then I figure within two to three years they're going to start seeing a major profit and once that happens well we kind of know what happens to the stock.”

The YouTuber recommends D-Wave (QBTS) as a potentially safer quantum stock due to its focus on quantum annealing for optimization problems, which is a technology that works today with 135 customers. The company boasts software-like gross margins (65%) despite manufacturing complex hardware, indicating pricing power. An upcoming investor day in June and a strong cash position (eight years of cash on hand) are cited as catalysts.

“What I like about D-Wave is that they're producing software margins while they're manufacturing a incredibly complicated hardware. So their gross margin here, which is sort of their moat indicator, you know, how easy is it to replace them, is the 65% range.”

The analyst advises selling D-Wave, highlighting its $8.2 billion market cap with only $24 million in revenue and nearly $400 million in losses. He views it as a speculative investment with limited asymmetric upside and significant downside, lacking the financial numbers to support its valuation or a path to becoming a much larger company.

“Is there a world where D-Wave can be an $80 billion company? We don't see any evidence of that in the numbers. That's why you have to have numbers back up your thesis with an investment.”

The YouTuber advises against investing in D-Wave Quantum, citing its poor financial health. Despite having $9.4 million in revenue, the company suffers from negative $61 million in free cash flow and trades at a high price-to-sales multiple of 227, suggesting its valuation is not supported by its current business performance.

“d-wave Quantum $9.4 million in Revenue so there is revenue coming into the business but negative $61 million in free cash flow and that price to sales multiple 227”

The YouTuber notes D-Wave Quantum (QBTS) has strong revenue growth and a solid cash position, making it a better option than Quantum Computing. However, its price-to-sales ratio of 307x is still very high, suggesting it's not the best opportunity in the sector.

“I like this one over QBT, but it's not the best one in the group.”

The YouTuber advises avoiding Quantum Computing (QBTS) despite its recent growth, citing its extremely high price-to-sales ratio of 9,000x, which makes it significantly more expensive than peers. Although it has a good cash position after a recent share sale, its revenue growth is inconsistent and its valuation remains a major concern.

“I'd say QUBt, although it does have a good cash flow position here, probably the weakest of the group.”

The YouTuber highlights D-Wave Quantum's focus on quantum annealing for optimization problems and its strong use cases. He notes its relatively enviable cash flow statement within the group, with a decreased cash burn and sufficient cash on hand to cover nearly four years of outflow, positioning it strongly for future growth if it meets sales forecasts.

“Back to our list with D-Wave quantum ticker QBTS and it's differentiating and focus on quantum annealing to solve optimization problems.”

The YouTuber recommends D-Wave Quantum (QBTS) as a long-term investment in the quantum computing space, noting its substantial past performance. He advises using pullbacks and corrections as opportunities to accumulate shares, emphasizing risk management due to its volatility.

“This one is up tremendously over the long haul. You use pullbacks, down trends, corrections, all that as a chance to rinse, repeat, reposition, the whole nine.”

The YouTuber suggests QBTS Thewave Quantum as an affordable stock under $10, noting its 10% gain in the past week. He advises buying shares for potential quick profits, but also warns about the higher risk associated with such low-priced stocks, emphasizing they are for 'quick in and out' plays.

“This one is qbts thewave quantum this one is $634 Cent this one was up 10% in the past week.”

The YouTuber advises avoiding D-Wave Quantum Inc. despite a recent 300% stock price surge, citing poor fundamentals. The company has low revenue, significant operating cash flow losses, limited cash reserves, and an extremely high price-to-sales ratio, suggesting it's fueled by hype rather than sustainable growth.

“in my opinion this looks like an extremely extremely risky stock and if I were this business with my share price up 300% over the past month I would be diluting so much right now to cash up my business”