D-Wave Quantum (QBTS) Price to Book (2020 - 2026)
D-Wave Quantum's (QBTS) quarterly Price to Book came in at 8.24 in Q2 2026, up 14.98% year-over-year from 7.17 in Q2 2025, and up 73.49% quarter-over-quarter from 4.75 in Q1 2026.
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D-Wave Quantum (QBTS) Price to Book (2020 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Price to Book across 7 years of filings, most recently posting 8.24 for Q2 2026.
- In Q2 2026, Price to Book rose 14.98% year-over-year to 8.24; the TTM figure through Jun 2026 stood at 8.24 (up 14.98% YoY), while the FY2025 annual figure was 11.01, down 57.27% from the prior year.
- Price to Book came in at 8.24 for Q2 2026 at D-Wave Quantum, up from 4.75 in the prior quarter.
- In the past five years, Price to Book ranged from a high of 25.76 in Q4 2024 to a low of 42.11 in Q1 2022.
- Average Price to Book over 5 years is 4.36, with a median of 2.71 recorded in 2022.
- The largest YoY upside for Price to Book was 544.83% in 2024 against a maximum downside of 7276.94% in 2024.
- Over 5 years, Price to Book stood at 5.54 in 2022, then slipped by 4.55% to 5.79 in 2023, then jumped by 544.83% to 25.76 in 2024, then tumbled by 57.27% to 11.01 in 2025, then decreased by 25.15% to 8.24 in 2026.
- Per Business Quant data, the three most recent Price to Book figures were 8.24 in Q2 2026, 4.75 in Q1 2026, and 11.01 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 | 8.24 |
| Mar 31, 2026 | 4.75 |
| Dec 31, 2025 | 11.01 |
| Sep 30, 2025 | 12.75 |
| Jun 30, 2025 | 7.17 |
| Mar 31, 2025 | 10.68 |
| Dec 31, 2024 | 25.76 |
| Sep 30, 2024 | -12.05 |
| Jun 30, 2024 | -9.86 |
| Mar 31, 2024 | -8.92 |
| Dec 31, 2023 | -5.79 |
| Sep 30, 2023 | -9.86 |
| Jun 30, 2023 | 0.40 |
| Mar 31, 2023 | 0.12 |
| Dec 31, 2022 | -5.54 |
| Sep 30, 2022 | -38.06 |
| Jun 30, 2022 | -27.23 |
| Mar 31, 2022 | -42.11 |
| Dec 31, 2021 | -67.06 |
| Sep 30, 2021 | 93.52 |