D-Wave Quantum (QBTS) Market Capitalization (2020 - 2026)
D-Wave Quantum's (QBTS) quarterly Market Capitalization came in at $8.9 billion in Q2 2026, up 79.38% year-over-year from $5.0 billion in Q2 2025, and up 67.14% quarter-over-quarter from $5.3 billion in Q1 2026.
Analysis
D-Wave Quantum (QBTS) Market Capitalization (2020 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Market Capitalization across 7 years of filings, most recently posting $8.9 billion for Q2 2026.
- In Q2 2026, Market Capitalization rose 79.38% year-over-year to $8.9 billion; the TTM figure through Jun 2026 stood at $8.9 billion (up 79.38% YoY), while the FY2025 annual figure was $9.4 billion, up 481.27% from the prior year.
- Market Capitalization came in at $8.9 billion for Q2 2026 at D-Wave Quantum, up from $5.3 billion in the prior quarter.
- In the past five years, Market Capitalization ranged from a high of $9.4 billion in Q4 2025 to a low of $83.9 million in Q1 2023.
- Average Market Capitalization over 5 years is $2.5 billion, with a median of $989.4 million recorded in 2022.
- Year-over-year, Market Capitalization sank 93.23% in 2023 and surged 4094.68% in 2025.
- Over 5 years, Market Capitalization stood at $163.2 million in 2022, then declined by 13.13% to $141.8 million in 2023, then jumped by 1038.3% to $1.6 billion in 2024, then surged by 481.27% to $9.4 billion in 2025, then fell by 4.87% to $8.9 billion in 2026.
- Per Business Quant data, the three most recent Market Capitalization figures were $8.9 billion in Q2 2026, $5.3 billion in Q1 2026, and $9.4 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 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 |