D-Wave Quantum (QBTS) Intangibles (2021 - 2026)
D-Wave Quantum (QBTS) recorded Intangibles of $211.82 million in Q2 2026, compared with $586,000 a year earlier and down 1.6% from the prior quarter.
Powered by 
Analysis
D-Wave Quantum (QBTS) Intangibles (2021 - 2026) Analysis & Trends
At the end of FY2025, D-Wave Quantum reported Intangibles of $915,000, up 86.7% from FY2024.
- Annual Intangibles has a four-year compound annual growth rate of 35.4% (FY2021 to FY2025).
- Across earlier years, Intangibles came in at $490,000 in FY2024 (+173.7%), $179,000 in FY2023 (-26.6%), $244,000 in FY2022 (-10.3%) and $272,000 in FY2021.
- Quarterly Intangibles has ranged from $179,000 in Q4 2023 to $215.28 million in Q1 2026 over the past five years.
- Peak year-over-year performance for Intangibles in the last five years was growth of 173.7% in Q4 2024, against a decline of 26.6% in Q4 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $215.28 million (Q1 2026), $915,000 (Q4 2025) and $803,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | 7.02 Bn |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | 273.24 Mn |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 77.10 Mn |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | 426.53 Mn |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | 23.16 Mn |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | 80.00 Mn |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | 214.36 Mn |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | 281.58 Mn |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | 30.73 Mn |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | 211.82 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 211.82 Mn |
| Mar 31, 2026 | 215.28 Mn |
| Dec 31, 2025 | 915,000.00 |
| Sep 30, 2025 | 803,000.00 |
| Jun 30, 2025 | 586,000.00 |
| Mar 31, 2025 | 531,000.00 |
| Dec 31, 2024 | 490,000.00 |
| Sep 30, 2024 | 436,000.00 |
| Jun 30, 2024 | 408,000.00 |
| Mar 31, 2024 | 302,000.00 |
| Dec 31, 2023 | 179,000.00 |
| Sep 30, 2023 | 195,000.00 |
| Jun 30, 2023 | 205,000.00 |
| Mar 31, 2023 | 228,000.00 |
| Dec 31, 2022 | 244,000.00 |
| Sep 30, 2022 | 262,000.00 |
| Jun 30, 2022 | 262,000.00 |
| Dec 31, 2021 | 272,000.00 |
API Access
D-Wave Quantum Intangibles API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=intangibles&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "intangibles", "ticker": "QBTS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=intangibles&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();