Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
D-Wave Quantum Inc. is a commercial quantum computing company focused on developing and delivering quantum systems, cloud-based quantum computing services, and related software solutions. The company operates primarily in the quantum computing and advanced computing industries, with an emphasis on practical applications of quantum technology for optimization, artificial intelligence, and complex computational problems. Its primary revenue drivers include access to quantum computing systems via cloud platforms, professional services, and the sale of quantum computing hardware to select customers.
The company is best known for its development of quantum annealing technology, a specialized approach to quantum computing designed to solve optimization problems at scale. D-Wave was founded in 1999 in Canada and became one of the earliest companies globally to commercialize quantum computing systems. In August 2022, the company became publicly traded through a business combination with a special purpose acquisition company, marking its transition into a publicly listed entity under the ticker QBTS.
Business Operations
D-Wave’s operations are centered on the design, manufacture, and deployment of quantum computing systems and associated software. Its core business segments include the Quantum Cloud Services business, which provides customers access to D-Wave quantum computers via the Leap cloud platform, and the Quantum Systems segment, which includes the sale and maintenance of on-premise quantum computing systems. The company also generates revenue from professional services, including application development and technical support for enterprise and government clients.
The company operates both domestically and internationally, serving customers in government, research institutions, and commercial enterprises. D-Wave controls key proprietary technologies related to quantum annealing processors, cryogenic systems, and quantum software development tools. Its operations are supported by subsidiaries including D-Wave Systems Inc., which conducts much of the company’s research, engineering, and commercial activities.
Strategic Position & Investments
D-Wave’s strategic direction is focused on advancing scalable quantum computing with near-term commercial utility. The company emphasizes expanding adoption of its quantum annealing systems while also investing in the development of gate-model quantum computing technologies to address a broader range of computational use cases. Growth initiatives include expanding enterprise use of the Leap cloud platform and deepening relationships with government and academic research customers.
The company has made sustained investments in next-generation quantum processors and supporting software ecosystems. D-Wave has also engaged in strategic collaborations with cloud service providers, research institutions, and industry partners to integrate its quantum solutions into existing high-performance computing and enterprise workflows. Public disclosures indicate continued investment in research and development as a core strategic priority.
Geographic Footprint
D-Wave is headquartered in North America, with its corporate headquarters in Burnaby, British Columbia, Canada, and significant operational presence in the United States. The company maintains research, engineering, and commercial teams across both countries, supporting its quantum hardware development and cloud service operations.
Internationally, D-Wave serves customers across Europe, Asia-Pacific, and other global markets primarily through cloud-based access to its quantum systems. Its global footprint is characterized more by international customer reach and partnerships rather than extensive physical infrastructure outside North America.
Leadership & Governance
D-Wave is led by an executive team with experience in advanced technology, enterprise software, and commercializing emerging technologies. The company’s leadership emphasizes a strategy focused on practical quantum advantage, customer adoption, and disciplined execution as a publicly traded company.
Key executives include:
- Alan Baratz – Chief Executive Officer
- John DiLullo – Chief Financial Officer
- Trevor Lanting – Chief Development Officer
- Mark Johnson – Chief Information Officer
- Richard Rothenberg – General Counsel
The company operates under a board-governed structure consistent with U.S. public company standards, with oversight of strategy, risk management, and executive performance aligned to long-term shareholder and stakeholder interests.