D-Wave Quantum (QBTS) Raw Materials (2021 - 2026)
D-Wave Quantum's Raw Materials came in at $3.39 million for Q2 2026, up 38.7% from $2.45 million a year earlier and up 16.4% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Raw Materials (2021 - 2026) Analysis & Trends
At the end of FY2025, D-Wave Quantum's Raw Materials was $2.75 million, up 63.7% from FY2024.
- Raw Materials carries a four-year compound annual growth rate of 6.9% (FY2021 to FY2025).
- Going back by year, Raw Materials was $1.68 million in FY2024 (-18.3%), $2.05 million in FY2023 (-5.4%), $2.17 million in FY2022 (+3.2%) and $2.1 million in FY2021.
- The Q2 2026 figure represents the highest quarterly Raw Materials in data going back to Q4 2021.
- Year-over-year, Raw Materials has increased for five consecutive quarters, with growth averaging 29.3% over the last seven quarters.
- The fastest year-over-year change in Raw Materials over five years came in Q1 2026 (growth of 72.7%), and the weakest in Q4 2024 (a decline of 18.3%).
- Business Quant data shows QBTS's Raw Materials at $2.92 million (Q1 2026), $2.75 million (Q4 2025) and $2.81 million (Q3 2025) in the three quarters before Q2 2026.
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 | 3.39 Mn |
| Mar 31, 2026 | 2.92 Mn |
| Dec 31, 2025 | 2.75 Mn |
| Sep 30, 2025 | 2.81 Mn |
| Jun 30, 2025 | 2.45 Mn |
| Mar 31, 2025 | 1.69 Mn |
| Dec 31, 2024 | 1.68 Mn |
| Sep 30, 2024 | 1.89 Mn |
| Jun 30, 2024 | 2.10 Mn |
| Mar 31, 2024 | 2.05 Mn |
| Dec 31, 2023 | 2.05 Mn |
| Dec 31, 2022 | 2.17 Mn |
| Dec 31, 2021 | 2.10 Mn |
API Access
D-Wave Quantum Raw Materials 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=raw-materials&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "raw-materials", "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=raw-materials&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();