D-Wave Quantum (QBTS) Shares Outstanding (Diluted Average) (2020 - 2026)
D-Wave Quantum's (QBTS) quarterly Shares Outstanding (Diluted Average) came in at $367.5 million in Q1 2026, up 28.3% year-on-year from $286.4 million in Q1 2025, and up 14.41% quarter-over-quarter from $321.2 million in Q4 2025.
D-Wave Quantum (QBTS) Shares Outstanding (Diluted Average) (2020 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Shares Outstanding (Diluted Average) across 7 years of filings, most recently posting $367.5 million for Q1 2026.
- Shares Outstanding (Diluted Average) for Q1 2026 came in at $367.5 million, up 28.3% year-over-year; the trailing twelve-month figure through Mar 2026 was $367.5 million (up 28.3% YoY), and the FY2025 annual result was $321.2 million, up 67.18% from the prior year.
- Shares Outstanding (Diluted Average) came in at $367.5 million for Q1 2026 at D-Wave Quantum, up from $321.2 million in the prior quarter.
- In the past five years, Shares Outstanding (Diluted Average) ranged from a high of $367.5 million in Q1 2026 to a low of $122.3 million in Q3 2022.
- The 5-year median for Shares Outstanding (Diluted Average) is $164.0 million (2024), against an average of $201.8 million.
- Across the five-year window, Shares Outstanding (Diluted Average) dropped 2.41% in 2022 and surged 77.56% in 2025, its largest moves.
- D-Wave Quantum's Shares Outstanding (Diluted Average) stood at $122.3 million in 2022, then climbed by 12.8% to $138.0 million in 2023, then soared by 39.23% to $192.1 million in 2024, then soared by 67.18% to $321.2 million in 2025, then rose by 14.41% to $367.5 million in 2026.
- The last three Shares Outstanding (Diluted Average) figures came in at $367.5 million (Q1 2026), $321.2 million (Q4 2025), and $342.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares (Diluted Avg.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | - |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 154.00 Mn |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 1.27 Bn |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 229.00 Mn |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | - |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 692.19 Mn |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 342.99 Mn |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 928.00 Mn |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | - |
| 10 | D-Wave Quantum | 8.82 Bn | 8.82 Bn | 1.82 Mn | 367.47 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 367.47 Mn |
| Dec 31, 2025 | 321.20 Mn |
| Sep 30, 2025 | 342.20 Mn |
| Jun 30, 2025 | 294.40 Mn |
| Mar 31, 2025 | 286.42 Mn |
| Dec 31, 2024 | 192.13 Mn |
| Sep 30, 2024 | 201.59 Mn |
| Jun 30, 2024 | 166.72 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 |
| Sep 30, 2022 | 122.34 Mn |
| Jun 30, 2022 | 125.43 Mn |
| Mar 31, 2022 | 125.39 Mn |
| Sep 30, 2021 | 125.36 Mn |
| Jun 30, 2021 | 111.88 Mn |
| Dec 31, 2020 | 127.16 Mn |