D-Wave Quantum (QBTS) Equity Average (2021 - 2026)

D-Wave Quantum (QBTS) posted Equity Average of $988.2 million for Q1 2026, up 29.79% sequentially from $761.4 million in Q4 2025, and up 631.94% YoY from $135.0 million in Q1 2025.

D-Wave Quantum (QBTS) Equity Average (2021 - 2026) Analysis & Trends

D-Wave Quantum (QBTS) has 6 years of Equity Average data on file, last reported at $988.2 million in Q1 2026.

  • Quarterly Equity Average rose 631.94% year-over-year to $988.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $988.2 million (up 631.94% YoY) and the FY2025 annual result came in at $457.4 million, up 2297.16% from the prior year.
  • Equity Average advanced to $988.2 million in Q1 2026 per QBTS's latest filing, from $761.4 million in the prior quarter.
  • The five-year high for Equity Average was $988.2 million in Q1 2026, with the low at -$41.1 million in Q2 2023.
  • Average Equity Average over 5 years is $160.0 million, with a median of -$23.8 million recorded in 2022.
  • Year-over-year, Equity Average sank 894.28% in 2022 and jumped 3651.51% in 2025.
  • D-Wave Quantum's Equity Average stood at -$26.1 million in 2022, then grew 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 gained by 29.79% to $988.2 million in 2026.
  • Business Quant data shows QBTS's Equity Average at $988.2 million in Q1 2026, $761.4 million in Q4 2025, and $682.4 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Avg. (Qtr)
1 Sandisk 300.77 Bn 297.03 Bn 4.66 Bn 12.00 Bn
2 Dell Technologies 276.28 Bn 264.70 Bn 7.78 Bn -1.94 Bn
3 Arista Networks 209.63 Bn 197.28 Bn 1.68 Bn 12.93 Bn
4 Western Digital 204.64 Bn 201.41 Bn 1.68 Bn 8.40 Bn
5 Seagate Technology Holdings 202.26 Bn 201.11 Bn 1.45 Bn 777.00 Mn
6 Everpure 25.55 Bn 24.23 Bn 723.33 Mn 1.44 Bn
7 Hp 20.30 Bn 16.60 Bn 3.02 Bn -455.00 Mn
8 Super Micro Computer 16.60 Bn 15.31 Bn 1.02 Bn 7.28 Bn
9 Logitech International 13.89 Bn 12.15 Bn 483.28 Mn 2.27 Bn
10 D-Wave Quantum 8.64 Bn 8.64 Bn 1.82 Mn 988.24 Mn

Historic Data

Download Data
DateValue
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