D-Wave Quantum (QBTS) Equity Average (2021 - 2026)
D-Wave Quantum's (QBTS) quarterly Equity Average came in at $988.2 million in Q1 2026, up 631.94% year-on-year from $135.0 million in Q1 2025, and up 29.79% quarter-over-quarter from $761.4 million in Q4 2025.
D-Wave Quantum (QBTS) Equity Average (2021 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Equity Average across 6 years of filings, most recently posting $988.2 million for Q1 2026.
- Equity Average for Q1 2026 came in at $988.2 million, up 631.94% year-over-year; the trailing twelve-month figure through Mar 2026 was $988.2 million (up 631.94% YoY), and the FY2025 annual result was $457.4 million, up 2297.16% from the prior year.
- Equity Average came in at $988.2 million for Q1 2026 at D-Wave Quantum, up from $761.4 million in the prior quarter.
- In the past five years, Equity Average ranged from a high of $988.2 million in Q1 2026 to a low of -$41.1 million in Q2 2023.
- The 5-year median for Equity Average is -$23.8 million (2022), against an average of $160.0 million.
- Across the five-year window, Equity Average tumbled 894.28% in 2022 and soared 3651.51% in 2025, its largest moves.
- D-Wave Quantum's Equity Average stood at -$26.1 million in 2022, then gained by 24.27% to -$19.8 million in 2023, then jumped by 215.48% to $22.9 million in 2024, then soared by 3229.87% to $761.4 million in 2025, then grew by 29.79% to $988.2 million in 2026.
- The last three Equity Average figures came in at $988.2 million (Q1 2026), $761.4 million (Q4 2025), and $682.4 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | -2.55 Bn |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 12.00 Bn |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 12.93 Bn |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 777.00 Mn |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 8.40 Bn |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 7.28 Bn |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 1.42 Bn |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | -455.00 Mn |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | 4.39 Bn |
| 10 | D-Wave Quantum | 8.82 Bn | 8.82 Bn | 1.82 Mn | 988.24 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 988.24 Mn |
| Dec 31, 2025 | 761.39 Mn |
| Sep 30, 2025 | 682.40 Mn |
| Jun 30, 2025 | 450.82 Mn |
| Mar 31, 2025 | 135.02 Mn |
| Dec 31, 2024 | 22.87 Mn |
| Sep 30, 2024 | -19.21 Mn |
| Jun 30, 2024 | -29.24 Mn |
| Mar 31, 2024 | -30.72 Mn |
| Dec 31, 2023 | -19.80 Mn |
| Sep 30, 2023 | -33.33 Mn |
| Jun 30, 2023 | -41.10 Mn |
| Mar 31, 2023 | -30.06 Mn |
| Dec 31, 2022 | -26.14 Mn |
| Sep 30, 2022 | -31.79 Mn |
| Jun 30, 2022 | -34.98 Mn |
| Mar 31, 2022 | -23.77 Mn |
| Dec 31, 2021 | -2.63 Mn |
| Sep 30, 2021 | 15.08 Mn |
| Jun 30, 2021 | 18.92 Mn |