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 has reported Enterprise Value for 7 years, with the latest figure 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.
  • Over five years, Enterprise Value peaked at -$10.5 million in Q2 2022 and troughed at -$884.5 million in Q4 2025.
  • A 5-year average of -$408.5 million and a median of -$304.3 million in 2025 frame the typical range for Enterprise Value.
  • The sharpest annual moves came in 2022 and 2025: Enterprise Value tumbled 71.54% in 2022, then tumbled 396.96% in 2025.
  • Over 5 years, Enterprise Value stood at -$13.8 million in 2022, then plunged by 199.33% to -$41.3 million in 2023, then sank by 330.87% to -$178.0 million in 2024, then sank by 396.96% to -$884.5 million in 2025, then soared by 33.48% to -$588.4 million in 2026.
  • According to Business Quant data, Enterprise Value over the past three periods registered -$588.4 million, -$884.5 million, and -$836.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 Dell Technologies 279.74 Bn 268.16 Bn 7.78 Bn -11.58 Bn
2 Arista Networks 233.03 Bn 220.67 Bn 1.68 Bn -12.35 Bn
3 Sandisk 191.00 Bn 187.26 Bn 4.66 Bn -3.74 Bn
4 Seagate Technology Holdings 182.93 Bn 181.79 Bn 1.45 Bn -1.15 Bn
5 Western Digital 180.27 Bn 177.03 Bn 1.68 Bn -3.24 Bn
6 Everpure 26.48 Bn 24.98 Bn 723.33 Mn -1.50 Bn
7 Hp 25.04 Bn 21.33 Bn 3.02 Bn -3.70 Bn
8 Super Micro Computer 17.15 Bn 15.86 Bn 1.02 Bn -1.29 Bn
9 Logitech International 15.08 Bn 13.33 Bn 607.94 Mn -1.75 Bn
10 D-Wave Quantum 7.35 Bn 7.35 Bn 1.82 Mn -588.40 Mn

Historic Data

Download Data
DateValue
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