D-Wave Quantum QBTS
NASDAQ QBTS
$16.42 -0.41 (-2.44%)
As of: Sep 15, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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