D-Wave Quantum (QBTS) Common Equity (2020 - 2026)
D-Wave Quantum's (QBTS) quarterly Common Equity came in at $1.1 billion in Q1 2026, up 442.1% year-on-year from $207.4 million in Q1 2025, and up 31.92% quarter-over-quarter from $852.2 million in Q4 2025.
D-Wave Quantum (QBTS) Common Equity (2020 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Common Equity across 7 years of filings, most recently posting $1.1 billion for Q1 2026.
- Common Equity for Q1 2026 came in at $1.1 billion, up 442.1% year-over-year; the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 442.1% YoY), and the FY2025 annual result was $852.2 million, up 1260.39% from the prior year.
- Common Equity came in at $1.1 billion for Q1 2026 at D-Wave Quantum, up from $852.2 million in the prior quarter.
- In the past five years, Common Equity ranged from a high of $1.1 billion in Q1 2026 to a low of -$51.5 million in Q2 2023.
- The 5-year median for Common Equity is -$21.5 million (2024), against an average of $193.6 million.
- Across the five-year window, Common Equity tumbled 339.04% in 2022 and soared 4064.26% in 2025, its largest moves.
- D-Wave Quantum's Common Equity stood at -$29.5 million in 2022, then grew by 16.91% to -$24.5 million in 2023, then soared by 355.9% to $62.6 million in 2024, then jumped by 1260.39% to $852.2 million in 2025, then jumped by 31.92% to $1.1 billion in 2026.
- The last three Common Equity figures came in at $1.1 billion (Q1 2026), $852.2 million (Q4 2025), and $670.6 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | -2.47 Bn |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 13.78 Bn |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 13.49 Bn |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 1.10 Bn |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 9.68 Bn |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 7.58 Bn |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 1.45 Bn |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | -144.00 Mn |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | 4.98 Bn |
| 10 | D-Wave Quantum | 8.82 Bn | 8.82 Bn | 1.82 Mn | 1.12 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.12 Bn |
| Dec 31, 2025 | 852.23 Mn |
| Sep 30, 2025 | 670.55 Mn |
| Jun 30, 2025 | 694.25 Mn |
| Mar 31, 2025 | 207.39 Mn |
| Dec 31, 2024 | 62.65 Mn |
| Sep 30, 2024 | -16.92 Mn |
| Jun 30, 2024 | -21.51 Mn |
| Mar 31, 2024 | -36.96 Mn |
| Dec 31, 2023 | -24.48 Mn |
| Sep 30, 2023 | -15.12 Mn |
| Jun 30, 2023 | -51.53 Mn |
| Mar 31, 2023 | -30.66 Mn |
| Dec 31, 2022 | -29.46 Mn |
| Sep 30, 2022 | -22.83 Mn |
| Jun 30, 2022 | -40.76 Mn |
| Mar 31, 2022 | -29.19 Mn |
| Dec 31, 2021 | -18.36 Mn |
| Sep 30, 2021 | 13.10 Mn |
| Jun 30, 2021 | 17.05 Mn |