D-Wave Quantum (QBTS) Market Capitalization (2020 - 2026)
D-Wave Quantum's Market Capitalization was $8.92 billion in Q2 2026, up 79.4% from $4.98 billion a year earlier and up 67.1% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Market Capitalization (2020 - 2026) Analysis & Trends
For FY2025, Market Capitalization at D-Wave Quantum came in at $9.38 billion, up 481.3% from FY2024.
- Market Capitalization shows a five-year compound annual growth rate of 47.9% (FY2020 to FY2025).
- In earlier years, Market Capitalization was $1.61 billion in FY2024, $141.78 million in FY2023 (-13.1%), $163.2 million in FY2022 (-86.7%) and $1.23 billion in FY2021 (-7.0%).
- Quarterly Market Capitalization has moved between $83.93 million (Q1 2023) and $9.38 billion (Q4 2025) over five years.
- Compared with a year earlier, Market Capitalization has increased for three straight quarters, with growth averaging 262.0% over the last five quarters.
- The best year-over-year quarter for Market Capitalization over five years was Q1 2025 (growth of 571.4%); the worst was Q1 2023 (a decline of 93.2%).
- Per Business Quant data, QBTS's Market Capitalization in the three quarters before Q2 2026 was $5.34 billion (Q1 2026), $9.38 billion (Q4 2025) and $8.55 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.92 Bn |
| Mar 31, 2026 | 5.34 Bn |
| Dec 31, 2025 | 9.38 Bn |
| Sep 30, 2025 | 8.55 Bn |
| Jun 30, 2025 | 4.98 Bn |
| Mar 31, 2025 | 2.21 Bn |
| Dec 31, 2024 | 1.61 Bn |
| Sep 30, 2024 | 203.80 Mn |
| Jun 30, 2024 | 212.12 Mn |
| Mar 31, 2024 | 329.82 Mn |
| Dec 31, 2023 | 141.78 Mn |
| Sep 30, 2023 | 149.08 Mn |
| Jun 30, 2023 | 267.58 Mn |
| Mar 31, 2023 | 83.93 Mn |
| Dec 31, 2022 | 163.20 Mn |
| Sep 30, 2022 | 868.67 Mn |
| Jun 30, 2022 | 1.11 Bn |
| Mar 31, 2022 | 1.24 Bn |
| Dec 31, 2021 | 1.23 Bn |
| Sep 30, 2021 | 1.22 Bn |
API Access
D-Wave Quantum Market Capitalization 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=market-capitalization&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "market-capitalization", "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=market-capitalization&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();