D-Wave Quantum (QBTS) Common Equity (2020 - 2026)

D-Wave Quantum (QBTS) posted Common Equity of $1.1 billion for Q1 2026, up 31.92% sequentially from $852.2 million in Q4 2025, and up 442.1% YoY from $207.4 million in Q1 2025.

D-Wave Quantum (QBTS) Common Equity (2020 - 2026) Analysis & Trends

D-Wave Quantum has reported Common Equity for 7 years, with the latest figure at $1.1 billion in Q1 2026.

  • Quarterly Common Equity rose 442.1% year-over-year to $1.1 billion in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.1 billion (up 442.1% YoY) and the FY2025 annual result came in at $852.2 million, up 1260.39% from the prior year.
  • Common Equity advanced to $1.1 billion in Q1 2026 per QBTS's latest filing, from $852.2 million in the prior quarter.
  • Over five years, Common Equity peaked at $1.1 billion in Q1 2026 and troughed at -$51.5 million in Q2 2023.
  • A 5-year average of $193.6 million and a median of -$21.5 million in 2024 frame the typical range for Common Equity.
  • The sharpest annual moves came in 2022 and 2025: Common Equity plunged 340.15% in 2022, then surged 4064.26% in 2025.
  • Over 5 years, Common Equity stood at -$29.5 million in 2022, then rose by 16.91% to -$24.5 million in 2023, then surged by 355.9% to $62.6 million in 2024, then soared by 1260.39% to $852.2 million in 2025, then soared by 31.92% to $1.1 billion in 2026.
  • According to Business Quant data, Common Equity over the past three periods registered $1.1 billion, $852.2 million, and $670.6 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Common Equity (Qtr)
1 Dell Technologies 279.74 Bn 268.16 Bn 7.78 Bn -1.40 Bn
2 Arista Networks 233.03 Bn 220.67 Bn 1.68 Bn 13.49 Bn
3 Sandisk 191.00 Bn 187.26 Bn 4.66 Bn 13.78 Bn
4 Seagate Technology Holdings 182.93 Bn 181.79 Bn 1.45 Bn 1.10 Bn
5 Western Digital 180.27 Bn 177.03 Bn 1.68 Bn 3.00 Mn
6 Everpure 26.48 Bn 24.98 Bn 723.33 Mn 1.44 Bn
7 Hp 25.04 Bn 21.33 Bn 3.02 Bn -144.00 Mn
8 Super Micro Computer 17.15 Bn 15.86 Bn 1.02 Bn 7.58 Bn
9 Logitech International 15.08 Bn 13.33 Bn 607.94 Mn 2.35 Bn
10 D-Wave Quantum 7.35 Bn 7.35 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 -40.95 Mn
Mar 31, 2022 -29.45 Mn
Dec 31, 2021 -18.36 Mn
Sep 30, 2021 13.10 Mn
Jun 30, 2021 17.05 Mn