D-Wave Quantum (QBTS) Common Equity (2020 - 2026)
D-Wave Quantum's Common Equity was $1.08 billion in Q2 2026, up 56.0% from $694.25 million a year earlier but down 3.7% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Common Equity (2020 - 2026) Analysis & Trends
At the end of FY2025, Common Equity at D-Wave Quantum came in at $852.23 million.
- Common Equity shows a five-year compound annual growth rate of 110.2% (FY2020 to FY2025).
- In earlier years, Common Equity was $62.65 million in FY2024, -$24.48 million in FY2023, -$29.46 million in FY2022 and -$18.36 million in FY2021.
- Quarterly Common Equity has moved between -$51.53 million (Q2 2023) and $1.12 billion (Q1 2026) over five years.
- Per Business Quant data, QBTS's Common Equity in the three quarters before Q2 2026 was $1.12 billion (Q1 2026), $852.23 million (Q4 2025) and $670.55 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | 27.49 Bn |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | 5.14 Bn |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 1.55 Bn |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | 2.15 Bn |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | 4.37 Bn |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | 6.97 Bn |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | 2.60 Bn |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | 3.67 Bn |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | 2.98 Bn |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | 1.08 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.08 Bn |
| 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 | -29.45 Mn |
| Dec 31, 2021 | -18.36 Mn |
| Sep 30, 2021 | 13.10 Mn |
API Access
D-Wave Quantum Common Equity 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=common-equity&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "common-equity", "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=common-equity&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();