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
DateValue
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