Is D-Wave Quantum One of the Best Quantum Computing Stocks to Buy Now?

By Stefon Walters – Nov 18, 2025 at 2:59PMFollowKey PointsD-Wave Quantum's stock is up over 1,700% in the past 12 months.D-Wave Quantum has commercially available products, while many competitors are still in the research phase.NYSE: QBTSD-Wave QuantumMarket Cap$8.0BToday's Changeangle-down(0.44%) $0.10Current Price$22.93Price as of November 18, 2025 at 3:40 PM ETThe stock's valuation leaves little room for error.Quantum computing is receiving increasing attention as the next major technological advancement. Even the U.S. government is considering taking equity stakes in American quantum computing companies to ensure it remains at the forefront of the technology. One company that has received a lot of attention is D-Wave Quantum (QBTS +0.44%). Up around 1,700% in the past 12 months and 200% this year through Nov. 10, D-Wave Quantum has reached the radar of many potential investors. However, is it one of the best quantum computing stocks to buy now? Image source: Getty Images. One reason D-Wave Quantum is one of the best quantum computing stocks right now is that it has commercially available products and services, whereas many other companies are still in the research phase. It offers developer software tools, hardware systems, cloud services, and a handful of other solutions that can be used today. One area of caution, however, is that its financials are still trying to find their footing. In the third quarter, it generated $3.7 million in revenue (up 100% from the year-ago period), but its net losses came in at $140 million. This isn't inherently a problem, as many hypergrowth companies operate at a loss, but the stock's valuation does leave little room for error. ExpandNYSE: QBTSD-Wave QuantumToday's Change(0.44%) $0.10Current Price$22.93Key Data PointsMarket Cap$8BDay's Range$21.85 - $23.4252wk Range$1.44 - $46.75Volume1.2MAvg Vol52MGross Margin82.82%Dividend YieldN/A At the time of this writing, D-Wave Quantum is trading at a price-to-sales (P/S) ratio of around 354. For perspective, high-growth company Nvidia has a P/S ratio just below 30, and its business is much more mature and growing at a faster pace. That said, if you're looking for a pure-play quantum computing stock, then D-Wave Quantum is one of your best options.About the AuthorStefon Walters is a contributing Motley Fool stock market analyst covering publicly traded companies across technology, consumer goods, and financials, as well as retirement planning. Stefon is a published author and has more than a decade of experience teaching financial literacy. He holds a bachelor’s degree in economics from the University of North Carolina at Chapel Hill.TMFStefonW