Quantum Circuits

quantumcircuits.com →

-6%

est. 2Y upside i

Series B

Rank

#3072

Sector

Quantum Computing

Est. Liquidity

~0Y

Data Quality

Data: Low

Quantum Circuits has been acquired by D-Wave for $550M, providing immediate liquidity.

Last updated: July 3, 2026

Bull (10%)+30%

D-Wave integration drives synergies and market share gains; forward multiple expands to 20x on resilient revenue base of $35.6M, yielding ~$712M exit value.

Base (45%)-35%

Multiple converges toward public comp range of 10x, giving ~$356M value; combined entity faces typical post-merger execution risk.

Bear (45%)-68%

Incumbent competition and quantum market slowdown compress multiple to 5x; implied value ~$178M, below total funding $120M, common stock near zero.

Est. time to liquidity~0.0 years

Preference Stack Risk

high

Funding Intensity

2180%

Total funding $120M vs $550M valuation (22% overhang); in a bear case below $120M, common stock is worthless.

Dilution Risk

low

Acquisition eliminates future funding rounds; no additional dilution expected.

Secondary Liquidity

active

D-Wave (QBTS) is publicly traded, providing active secondary market for shares.

Software Engineering — 4 roles

Quantum Engineering — 3 roles

View all 7 open roles at Quantum Circuits →

Last updated: March 10, 2026

Questions to Ask at the Interview

Strategic questions based on Quantum Circuits's data — designed to show you've done your homework.

  • 1

    “How will D-Wave's integration affect the dual-rail qubit roadmap and customer commitments?”

  • 2

    “What is the path to profitability for the combined entity given quantum hardware costs?”

  • 3

    “How does the equity package compare to joining a pure-play pre-IPO startup?”

Community

Valuation Sentiment

Our model estimates -6% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.