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
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