D-Wave Quantum Inc. (NYSE:QBTS) — Market Cap & Net Worth
Market Cap & Net Worth: D-Wave Quantum Inc. (QBTS)
D-Wave Quantum Inc. (NYSE:QBTS) has a market capitalization of $6.60 Billion ($6.60 Billion) as of July 31, 2026. Listed on the NYSE stock exchange, this USA-based company holds position #2943 globally and #1054 in its home market, demonstrating a 3.63% increase in market value over the past year.
Market capitalization, also known as net worth in stock markets, is calculated by multiplying D-Wave Quantum Inc.'s stock price $17.98 by its total outstanding shares 367269074 (367.27 Million). See D-Wave Quantum Inc. (QBTS) capital reinvestment to understand how much of operating cash flow is reinvested back into capital assets.
D-Wave Quantum Inc. Market Cap History: 2020 to 2026
D-Wave Quantum Inc.'s market capitalization history from 2020 to 2026. Data shows growth from $3.82 Billion to $6.60 Billion (10.68% CAGR).
D-Wave Quantum Inc. Market Cap to Earnings & Revenue Ratios Timeline
This chart shows how D-Wave Quantum Inc.'s valuation ratios have evolved. The Price to Sales (P/S) ratio compares market cap to revenue, while the Price to Earnings (P/E) ratio compares market cap to net income. Lower values may indicate a more undervalued company relative to its financial performance.
Latest Price to Sales (P/S) Ratio
390.62x
D-Wave Quantum Inc.'s market cap is 390.62 times its annual revenue
Latest Price to Earnings (P/E) Ratio
N/A
P/E ratio not applicable due to negative or zero earnings
What These Ratios Tell Investors:
- Price to Sales (P/S) Ratio: Shows how much investors are paying for each dollar of the company's sales. Lower P/S ratios may indicate undervaluation.
- Price to Earnings (P/E) Ratio: Shows how much investors are paying for each dollar of the company's earnings. This is one of the most common valuation metrics.
- Trends in these ratios over time can indicate changing investor sentiment about the company's future growth prospects.
- Industry comparison provides context for whether the company is valued higher or lower than peers.
| Year | Market Cap (USD) | Revenue (USD) | Net Income (USD) | P/S Ratio | P/E Ratio |
|---|---|---|---|---|---|
| 2020 | $3.82 Billion | $5.16 Million | -$21.97 Million | 740.94x | N/A |
| 2021 | $3.61 Billion | $6.28 Million | -$40.97 Million | 574.39x | N/A |
| 2022 | $528.87 Million | $7.17 Million | -$53.70 Million | 73.73x | N/A |
| 2023 | $323.20 Million | $8.76 Million | -$82.72 Million | 36.90x | N/A |
| 2024 | $3.09 Billion | $8.83 Million | -$143.88 Million | 349.50x | N/A |
| 2025 | $9.60 Billion | $24.59 Million | -$355.06 Million | 390.62x | N/A |
Competitor Companies of QBTS by Market Capitalization
Companies near D-Wave Quantum Inc. in the global market cap rankings as of July 31, 2026.
Key companies related to D-Wave Quantum Inc. by market ranking:
- Seagate Technology PLC (NASDAQ:STX): Ranked #111 globally with a market cap of $187.01 Billion USD.
- Western Digital Corporation (NASDAQ:WDC): Ranked #113 globally with a market cap of $183.73 Billion USD.
- Arista Networks (NYSE:ANET): Ranked #130 globally with a market cap of $171.79 Billion USD.
- Sandisk Corp (NASDAQ:SNDK): Ranked #278 globally with a market cap of $92.46 Billion USD.
| Rank | Company | Symbol | Market Cap | Price |
|---|---|---|---|---|
| #111 | Seagate Technology PLC | NASDAQ:STX | $187.01 Billion | $851.68 |
| #113 | Western Digital Corporation | NASDAQ:WDC | $183.73 Billion | $533.04 |
| #130 | Arista Networks | NYSE:ANET | $171.79 Billion | $171.02 |
| #278 | Sandisk Corp | NASDAQ:SNDK | $92.46 Billion | $1279.96 |
D-Wave Quantum Inc. Historical Marketcap From 2020 to 2026
Between 2020 and today, D-Wave Quantum Inc.'s market cap moved from $3.82 Billion to $ 6.60 Billion, with a yearly change of 10.68%.
| Year | Market Cap | Change (%) |
|---|---|---|
| 2026 | $6.60 Billion | -31.24% |
| 2025 | $9.60 Billion | +211.31% |
| 2024 | $3.09 Billion | +854.55% |
| 2023 | $323.20 Million | -38.89% |
| 2022 | $528.87 Million | -85.34% |
| 2021 | $3.61 Billion | -5.67% |
| 2020 | $3.82 Billion | -- |
End of Day Market Cap According to Different Sources
On Jul 31st, 2026 the market cap of D-Wave Quantum Inc. was reported to be:
| Source | Market Cap |
|---|---|
| Yahoo Finance | $6.60 Billion USD |
| MoneyControl | $6.60 Billion USD |
| MarketWatch | $6.60 Billion USD |
| marketcap.company | $6.60 Billion USD |
| Reuters | $6.60 Billion USD |
Market cap values may vary slightly between sources due to differences in calculation methods, timing, and data refresh rates.
About D-Wave Quantum Inc.
D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services,… Read more