D-Wave Quantum (QBTS) Common Equity (2020 - 2026)
D-Wave Quantum's (QBTS) quarterly Common Equity came in at $1.1 billion in Q2 2026, up 56.01% year-over-year from $694.3 million in Q2 2025, and down 3.66% quarter-over-quarter from $1.1 billion in Q1 2026.
Analysis
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 Q2 2026.
- In Q2 2026, Common Equity rose 56.01% year-over-year to $1.1 billion; the TTM figure through Jun 2026 stood at $1.1 billion (up 56.01% YoY), while the FY2025 annual figure was $852.2 million, up 1260.39% from the prior year.
- Common Equity came in at $1.1 billion for Q2 2026 at D-Wave Quantum, down from $1.1 billion 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 -$40.8 million in Q2 2022.
- Average Common Equity over 5 years is $322.6 million, with a median of $23.8 million recorded in 2023.
- Year-over-year, Common Equity slumped 339.04% in 2022 and jumped 4064.26% in 2025.
- Over 5 years, 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 rose by 27.09% to $1.1 billion in 2026.
- Per Business Quant data, the three most recent Common Equity figures were $1.1 billion in Q2 2026, $1.1 billion in Q1 2026, and $852.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | 3.34 Bn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | 1.08 Bn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | 537.43 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | 1.59 Bn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | 574.38 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | 12.97 Mn |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - | 27.58 Mn |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - | 28.51 Mn |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - | 43,675.53 Bn |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | 313.08 Mn |
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 | 675.00 Mn |
| Mar 31, 2023 | 675.00 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 |