D-Wave Quantum (QBTS) Stock Today, November 26, 2025: Insider Selling, Cash Burn Fears and New Institutional Demand
D-Wave Quantum shares traded near $22.70 early Wednesday, up 0.5% with volume at 15 million, below recent averages. New filings show Universal Beteiligungs bought 107,105 shares, while institutional ownership has risen to the mid-40% to low-50% range. Reports highlight record cash burn and heavy insider selling as the company posted a $27.7 million operating loss last quarter on $3.7 million in revenue.