D-Wave Quantum (QBTS) Shares Outstanding (2020 - 2026)
D-Wave Quantum (QBTS) reported Shares Outstanding of 370.84 million for Q2 2026, up 22.7% from 302.29 million a year earlier and up 0.9% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Shares Outstanding (2020 - 2026) Analysis & Trends
For FY2025, D-Wave Quantum posted Shares Outstanding of 321.2 million, up 67.2% from FY2024.
- Shares Outstanding has increased for three consecutive years, with a five-year compound annual growth rate of 20.4% (FY2020 to FY2025).
- By year, Shares Outstanding came in at 192.13 million in FY2024 (+39.2%), 137.99 million in FY2023 (+15.3%), 119.65 million in FY2022 (-4.5%) and 125.34 million in FY2021 (-1.4%).
- The Q2 2026 figure ranks as the highest quarterly Shares Outstanding in data going back to Q4 2020.
- Year over year, Shares Outstanding has now increased in each of the last 13 quarters, with growth averaging 54.0% over the last eight quarters.
- The high point for year-over-year Shares Outstanding in five years was Q1 2025 (growth of 77.6%); the low point was Q3 2022 (a decline of 7.3%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 367.47 million (Q1 2026), 321.2 million (Q4 2025) and 342.2 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | 749.00 Mn |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | 1.02 Bn |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 733.10 Mn |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | 349.26 Mn |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | 356.25 Mn |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | 174.30 Mn |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | 160.22 Mn |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | 80.57 Mn |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | 80.50 Mn |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | 370.84 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 370.84 Mn |
| Mar 31, 2026 | 367.47 Mn |
| Dec 31, 2025 | 321.20 Mn |
| Sep 30, 2025 | 342.20 Mn |
| Jun 30, 2025 | 302.29 Mn |
| Mar 31, 2025 | 286.42 Mn |
| Dec 31, 2024 | 192.13 Mn |
| Sep 30, 2024 | 201.59 Mn |
| Jun 30, 2024 | 172.14 Mn |
| Mar 31, 2024 | 161.31 Mn |
| Dec 31, 2023 | 137.99 Mn |
| Sep 30, 2023 | 133.22 Mn |
| Jun 30, 2023 | 127.34 Mn |
| Mar 31, 2023 | 123.14 Mn |
| Dec 31, 2022 | 119.65 Mn |
| Sep 30, 2022 | 116.26 Mn |
| Jun 30, 2022 | 112.02 Mn |
| Mar 31, 2022 | 125.39 Mn |
| Dec 31, 2021 | 125.34 Mn |
| Sep 30, 2021 | 125.36 Mn |
API Access
D-Wave Quantum Shares Outstanding 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=shares-outstanding&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();