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| 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 | -40.95 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 |