D-Wave Quantum (QBTS) Enterprise Value (2020 - 2026)
D-Wave Quantum's (QBTS) quarterly Enterprise Value came in at $8.4 billion in Q2 2026, up 101.6% year-over-year from $4.2 billion in Q2 2025, and up 76.34% quarter-over-quarter from $4.8 billion in Q1 2026.
Analysis
D-Wave Quantum (QBTS) Enterprise Value (2020 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Enterprise Value across 7 years of filings, most recently posting $8.4 billion for Q2 2026.
- In Q2 2026, Enterprise Value rose 101.6% year-over-year to $8.4 billion; the TTM figure through Jun 2026 stood at $8.4 billion (up 101.6% YoY), while the FY2025 annual figure was $8.5 billion, up 491.73% from the prior year.
- Enterprise Value came in at $8.4 billion for Q2 2026 at D-Wave Quantum, up from $4.8 billion in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of $8.5 billion in Q4 2025 to a low of $83.9 million in Q1 2023.
- Average Enterprise Value over 5 years is $2.3 billion, with a median of $977.2 million recorded in 2022.
- Year-over-year, Enterprise Value sank 93.23% in 2023 and jumped 3684.37% in 2025.
- Over 5 years, Enterprise Value stood at $163.2 million in 2022, then slumped by 38.44% to $100.5 million in 2023, then soared by 1329.14% to $1.4 billion in 2024, then soared by 491.73% to $8.5 billion in 2025, then declined by 1.39% to $8.4 billion in 2026.
- Per Business Quant data, the three most recent Enterprise Value figures were $8.4 billion in Q2 2026, $4.8 billion in Q1 2026, and $8.5 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.38 Bn |
| Mar 31, 2026 | 4.75 Bn |
| Dec 31, 2025 | 8.50 Bn |
| Sep 30, 2025 | 7.71 Bn |
| Jun 30, 2025 | 4.16 Bn |
| Mar 31, 2025 | 1.91 Bn |
| Dec 31, 2024 | 1.44 Bn |
| Sep 30, 2024 | 203.80 Mn |
| Jun 30, 2024 | 212.12 Mn |
| Mar 31, 2024 | 329.82 Mn |
| Dec 31, 2023 | 100.47 Mn |
| Sep 30, 2023 | 149.08 Mn |
| Jun 30, 2023 | 267.58 Mn |
| Mar 31, 2023 | 83.93 Mn |
| Dec 31, 2022 | 163.20 Mn |
| Sep 30, 2022 | 854.83 Mn |
| Jun 30, 2022 | 1.10 Bn |
| Mar 31, 2022 | 1.24 Bn |
| Dec 31, 2021 | 1.22 Bn |
| Sep 30, 2021 | 1.22 Bn |