D-Wave Quantum Inc. drawdown: 73.7% below the all-time high (price)
D-Wave Quantum Inc. is 73.7% below its all-time high, set Oct 15, 2025 (as of market close, Oct 16, 2026), measured on price alone — dividends are not included, the convention headlines and crash histories use. The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −73.7%
- 26.3% of ATH
- All-time high
- $44.78
- Oct 15, 2025
- Time below the high
- 12 mo
- since Oct 15, 2025
- Worst-ever drawdown
- −96.7%
- May 12, 2023
- Longest underwater
- 2.8 yrs
- between all-time highs
- Today's level first reached
- Aug 9, 2022
- 4.2 yrs ago
- Last time this deep
- Dec 4, 2024
- in a previous episode
% of all-time high since 2020: price#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Aug 9, 2022 | May 12, 2023 | −96.7% | 9 mo | May 19, 2025 | 2.8 yrs |
| Oct 15, 2025 | Oct 16, 2026 | −73.7% | 12 mo | not yet | 12 mo+ |
| Jul 23, 2025 | Aug 21, 2025 | −27.0% | 29 days | Sep 17, 2025 | 56 days |
| May 22, 2025 | Jun 27, 2025 | −26.4% | 36 days | Jul 17, 2025 | 56 days |
| Feb 5, 2021 | Aug 2, 2022 | −25.4% | 18 mo | Aug 9, 2022 | 1.5 yrs |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2020: how far D-Wave Quantum Inc. stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is D-Wave Quantum Inc. from its all-time high?
- D-Wave Quantum Inc. is currently 73.7% below its all-time high, set Oct 15, 2025 (as of market close, Oct 16, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest D-Wave Quantum Inc. drawdown ever?
- The deepest decline on record in our data (since 2020) took D-Wave Quantum Inc. 96.7% below its prior high, bottoming May 12, 2023. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from QBTS; no free deep history exists for D-Wave Quantum Inc. — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.