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D-Wave Quantum QBTS Market capitalization

Market capitalization at other companies

International Business Machines logo
International Business MachinesIBM
$227.46B-1.3%
IonQ logo
IonQIONQ
$10.57B+100%
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$2.9M-80.9%
Gross profit$1.8M-86.9%
Operating income-$54.7M-385%
Net income-$18.4M-239%
EPS (diluted)-$0.05-150%

Balance sheet

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Cash & equivalents$338.2M+11.1%
Total debt$46.7M+22.5%
Total equity$1.1B+442%
Total assets$1.2B+268%

Cash flow

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Operating cash flow-$45.0M-133%
CapEx$1.1M+147%
Free cash flow-$46.0M-134%

Valuation

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Enterprise value$8.85B+159%
P/S735×+557×

Profitability

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Gross margin66.3%-17.0pp
Operating margin-1,155.6%-1,938pp
Net margin-2,957.2%-4,019pp
FCF margin-821%-1,451pp

Returns & leverage

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Return on equity-55.3%
Debt / equity-0.1×
Current ratio21.4×+0.7×

Where this comes from

Computed from the period-end share price: $5.34B.

The official record: D-Wave Quantum’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is D-Wave Quantum's market capitalization?
D-Wave Quantum (QBTS) reported market capitalization of $5.34B in Q1 2026.
How has D-Wave Quantum's market capitalization changed year-over-year?
D-Wave Quantum's market capitalization increased by 141.1% year-over-year, from $2.21B to $5.34B.
What is the long-term trend for D-Wave Quantum's market capitalization?
Over 5 years (2020 to 2025), D-Wave Quantum's market capitalization has grown at a 88.7% compound annual growth rate (CAGR), from $390.38M to $9.34B.
What does market capitalization mean?
What the stock market says the company's equity is worth.
How do you interpret market capitalization?
A size and market-sentiment gauge, not a quality measure — interpret through valuation ratios (P/E, P/S) that relate it to fundamentals.
How does market capitalization compare across companies?
Comparable across companies as a size class; the input to every equity-price valuation multiple.