QBTS Momentum Builds Post Q3 But Valuation Risk Stays: Buy or Wait?

Key Takeaways D-Wave's Q3 revenues doubled year over year, beating estimates by nearly 20%.Gross margins jumped over 1,000 bps as bookings surged 80% sequentially to $2.4 million.Cash reserves rose to $836.2 million, though valuation remains elevated at 250.58x P/S.Investors seeking long-term upside should take a close look at pure-play quantum computing stocks like D-Wave Quantum (QBTS) . Despite the short-term fluctuations inherent in a nascent capital-intensive industry, the company’s third-quarter 2025 ...