D-Wave Quantum (QBTS) Assets (2020 - 2026)
D-Wave Quantum (QBTS) posted Assets of $1.16 billion for Q2 2026, up 37.3% from $843.6 million a year earlier but down 3.4% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Assets (2020 - 2026) Analysis & Trends
At the end of FY2025, D-Wave Quantum's Assets came in at $915.81 million, up 358.2% from FY2024.
- Annual Assets has increased for three consecutive years, with a five-year compound annual growth rate of 91.2% (FY2020 to FY2025).
- In prior years, D-Wave Quantum's Assets was $199.85 million in FY2024 (+236.7%), $59.36 million in FY2023 (+120.3%), $26.95 million in FY2022 (-8.6%) and $29.47 million in FY2021 (-17.7%).
- Quarterly Assets has run from a low of $24.91 million in Q2 2023 to a high of $1.2 billion in Q1 2026 over five years.
- On a year-over-year basis, Assets has increased in each of the last three quarters, with growth averaging 240.2% over the last six quarters.
- The strongest year-over-year quarter for Assets in the past five years was Q1 2025, with growth of 569.9%; the weakest was Q2 2023, with a decline of 30.2%.
- According to Business Quant data, Assets for the three prior quarters was $1.2 billion (Q1 2026), $915.81 million (Q4 2025) and $865.82 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Assets (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | 48.46 Bn |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | 12.03 Bn |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 10.86 Bn |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | 8.69 Bn |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | 7.55 Bn |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | 9.14 Bn |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | 7.87 Bn |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | 7.48 Bn |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | 3.78 Bn |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | 1.16 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.16 Bn |
| Mar 31, 2026 | 1.20 Bn |
| Dec 31, 2025 | 915.81 Mn |
| Sep 30, 2025 | 865.82 Mn |
| Jun 30, 2025 | 843.60 Mn |
| Mar 31, 2025 | 325.60 Mn |
| Dec 31, 2024 | 199.85 Mn |
| Sep 30, 2024 | 49.56 Mn |
| Jun 30, 2024 | 61.81 Mn |
| Mar 31, 2024 | 48.61 Mn |
| Dec 31, 2023 | 59.36 Mn |
| Sep 30, 2023 | 70.18 Mn |
| Jun 30, 2023 | 24.91 Mn |
| Mar 31, 2023 | 27.46 Mn |
| Dec 31, 2022 | 26.95 Mn |
| Sep 30, 2022 | 33.65 Mn |
| Jun 30, 2022 | 35.69 Mn |
| Dec 31, 2021 | 29.47 Mn |
| Dec 31, 2020 | 35.80 Mn |
API Access
D-Wave Quantum Assets API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=assets&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "assets", "ticker": "QBTS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=assets&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();