QBTS (D-Wave Quantum) Construction In Progress: $4.45 Mil (As of Mar. 2026)


QBTS D-Wave Quantum Inc QBTS
64 GF Score
Price $22.76
GF Value $2.45
Valuation Significantly Overvalued
! 4 Warning Signs
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What is D-Wave Quantum Construction In Progress?

D-Wave Quantum QBTS +3.88% 64 Construction In Progress is $4.45 Mil as of Mar. 2026. GuruFocus rates QBTS with a GF Score™ of 64/100 and a GF Value™ of $2.45 (Significantly Overvalued). The stock has 4 warning signs investors should review.

D-Wave Quantum's quarterly construction in progress increased from Sep. 2025 ($2.00 Mil) to Dec. 2025 ($2.51 Mil) and increased from Dec. 2025 ($2.51 Mil) to Mar. 2026 ($4.45 Mil).

D-Wave Quantum's annual construction in progress declined from Dec. 2023 ($0.89 Mil) to Dec. 2024 ($0.84 Mil) but then increased from Dec. 2024 ($0.84 Mil) to Dec. 2025 ($2.51 Mil).

D-Wave Quantum Construction In Progress Historical Data

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The historical data trend for D-Wave Quantum's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

D-Wave Quantum Construction In Progress Chart

D-Wave Quantum Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial 0.29 0.09 0.89 0.84 2.51

D-Wave Quantum Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.60 1.06 2.00 2.51 4.45
QBTS
64GF Score
D-Wave Quantum Inc QBTS
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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D-Wave Quantum Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $4.45 Mil mean?
D-Wave Quantum (QBTS) has a Construction In Progress of $4.45 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on D-Wave Quantum and its competitors.
Is D-Wave Quantum's Construction In Progress too high?
D-Wave Quantum's current Construction In Progress is $4.45 Mil. Overall, D-Wave Quantum has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does D-Wave Quantum's Construction In Progress compare to RGTI and QUBT?
D-Wave Quantum's Construction In Progress of $4.45 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for a Hardware company?
A good Construction In Progress depends on the Hardware industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on D-Wave Quantum and its competitors. D-Wave Quantum's current Construction In Progress is $4.45 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D-Wave Quantum stock overvalued right now?
Based on GuruFocus' analysis, D-Wave Quantum (QBTS) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.45, compared to a current price of $22.76 — trading 829% above its estimated fair value. The current Construction In Progress is $4.45 Mil. D-Wave Quantum's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For D-Wave Quantum (QBTS), the current Construction In Progress is $4.45 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is D-Wave Quantum (QBTS) Overvalued in 2026?

Based on GuruFocus' analysis, D-Wave Quantum stock appears to be overvalued. The current stock price of $22.76 is trading 829% above its estimated GF Value™ of $2.45. GuruFocus considers D-Wave Quantum to be Significantly Overvalued.

Key valuation signals for QBTS:

  • Construction In Progress: $4.45 Mil
  • GF Value™: $2.45 vs. price of $22.76 (829% above fair value)
  • GF Score™: 64/100 with 4 warning signs

No single metric tells the full story. See the QBTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

D-Wave Quantum Business Description

Address 2650 East Bayshore Road, Palo Alto, CA, USA, 94303
D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.
64GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$22.76
Price
$2.45
GF Value