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 | 280.00 Bn | 268.42 Bn | 7.78 Bn | -11.58 Bn |
| 2 | Arista Networks | 236.48 Bn | 223.14 Bn | 1.91 Bn | -13.34 Bn |
| 3 | Sandisk | 219.05 Bn | 214.29 Bn | 7.58 Bn | -4.76 Bn |
| 4 | Seagate Technology Holdings | 173.77 Bn | 172.06 Bn | 1.90 Bn | -1.70 Bn |
| 5 | Western Digital | 148.61 Bn | 145.37 Bn | 1.68 Bn | -3.24 Bn |
| 6 | Everpure | 33.29 Bn | 31.79 Bn | 723.33 Mn | -1.50 Bn |
| 7 | Hp | 26.26 Bn | 22.56 Bn | 3.02 Bn | -3.70 Bn |
| 8 | Super Micro Computer | 21.11 Bn | 19.82 Bn | 1.02 Bn | -1.29 Bn |
| 9 | Logitech International | 13.96 Bn | 12.21 Bn | 607.94 Mn | -1.75 Bn |
| 10 | D-Wave Quantum | 6.93 Bn | 6.93 Bn | 1.70 Mn | -546.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -546.22 Mn |
| 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 |