Core Viewpoint - D-Wave Quantum Inc's stock is experiencing a decline as Wall Street adjusts its expectations following the company's recent earnings report [1] Group 1: Earnings Report - D-Wave reported an adjusted fourth-quarter loss of $0.09 per share, missing analyst expectations of a $0.07 loss, with revenue of $2.75 million compared to estimates of $3.75 million [2] - The company posted a record adjusted net loss of $84.5 million and an adjusted EBITDA loss of $71.8 million for the full year 2025 [4] Group 2: Bookings and Financial Position - Bookings surged to $13.4 million, representing a 471% increase from the previous quarter [3] - D-Wave ended the year with a substantial cash and marketable securities balance of $884.5 million after significant warrant exercises [3] Group 3: Stock Performance - D-Wave's stock has fluctuated significantly, rising from approximately $5 to a peak of $44.78 in late 2025, before falling back to the high-teens/low-$20s by February 2026 [5] - As of Friday, D-Wave shares were down 11.07% at $17.91 [6] Group 4: Analyst Reactions - Evercore ISI reduced its price target for D-Wave to $42 from $44, while Roth Capital lowered its target to $30 from $40 following the earnings report [2]
D-Wave Quantum Stock Is Sliding Friday: What's Driving The Action?