D-Wave Quantum (QBTS) Enterprise Value (2020 - 2026)
D-Wave Quantum (QBTS) posted Enterprise Value of -$588.4 million for Q1 2026, up 33.48% sequentially from -$884.5 million in Q4 2025, and down 93.35% YoY from -$8.8 billion in Q1 2025.
D-Wave Quantum (QBTS) Enterprise Value (2020 - 2026) Analysis & Trends
D-Wave Quantum (QBTS) has 7 years of Enterprise Value data on file, last reported at -$588.4 million in Q1 2026.
- Quarterly Enterprise Value fell 93.35% year-over-year to -$588.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$588.4 million (down 93.35% YoY) and the FY2025 annual result came in at -$884.5 million, down 396.96% from the prior year.
- Enterprise Value rose to -$588.4 million in Q1 2026 per QBTS's latest filing, from -$884.5 million in the prior quarter.
- The five-year high for Enterprise Value was -$10.5 million in Q2 2022, with the low at -$884.5 million in Q4 2025.
- Average Enterprise Value over 5 years is -$408.5 million, with a median of -$304.3 million recorded in 2025.
- Year-over-year, Enterprise Value sank 71.54% in 2022 and sank 396.96% in 2025.
- D-Wave Quantum's Enterprise Value stood at -$13.8 million in 2022, then sank by 199.33% to -$41.3 million in 2023, then slumped by 330.87% to -$178.0 million in 2024, then slumped by 396.96% to -$884.5 million in 2025, then jumped by 33.48% to -$588.4 million in 2026.
- Business Quant data shows QBTS's Enterprise Value at -$588.4 million in Q1 2026, -$884.5 million in Q4 2025, and -$836.2 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | Sandisk | 300.77 Bn | 297.03 Bn | 4.66 Bn | -3.74 Bn |
| 2 | Dell Technologies | 276.28 Bn | 264.70 Bn | 7.78 Bn | -11.58 Bn |
| 3 | Arista Networks | 209.63 Bn | 197.28 Bn | 1.68 Bn | -12.35 Bn |
| 4 | Western Digital | 204.64 Bn | 201.41 Bn | 1.68 Bn | -3.24 Bn |
| 5 | Seagate Technology Holdings | 202.26 Bn | 201.11 Bn | 1.45 Bn | -1.15 Bn |
| 6 | Everpure | 25.55 Bn | 24.23 Bn | 723.33 Mn | -1.32 Bn |
| 7 | Hp | 20.30 Bn | 16.60 Bn | 3.02 Bn | -3.70 Bn |
| 8 | Super Micro Computer | 16.60 Bn | 15.31 Bn | 1.02 Bn | -1.29 Bn |
| 9 | Logitech International | 13.89 Bn | 12.15 Bn | 483.28 Mn | -1.74 Bn |
| 10 | D-Wave Quantum | 8.64 Bn | 8.64 Bn | 1.82 Mn | -588.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -588.40 Mn |
| Dec 31, 2025 | -884.48 Mn |
| Sep 30, 2025 | -836.23 Mn |
| Jun 30, 2025 | -819.31 Mn |
| Mar 31, 2025 | -304.32 Mn |
| Dec 31, 2024 | -177.98 Mn |
| Dec 31, 2023 | -41.31 Mn |
| Sep 30, 2022 | -13.80 Mn |
| Jun 30, 2022 | -10.50 Mn |
| Dec 31, 2021 | -9.54 Mn |
| Sep 30, 2021 | -8.05 Mn |
| Dec 31, 2020 | -21.34 Mn |