D-Wave Quantum (Quantum Annealing) vs BTQ Technologies (Quantum Security) — live market, SEC financial and quantum-hardware data side by side.
QBTS leads this data snapshot on 3 of the five headline market, financial, runway, return and dilution measures with comparable data. The better investment still depends on valuation, technology execution and risk tolerance.
QBTS is the larger company at $6.57B market cap, about 15× the size of BTQ ($435.12M).
QBTS reports more revenue ($24.59M vs $230.19K for BTQ, latest fiscal year).
On cash runway — the metric that decides who needs to raise money first — QBTS is stronger (59mo vs 5mo).
They take different technical paths: QBTS reports 5,627 qubits (Physical Qubits (Quantum Annealing, Pegasus topology)), while BTQ reports its qubit count (Software-Defined (Neutral-Atom Emulation & Control)) — raw counts are not directly comparable across modalities.
Momentum = 1Y return · Scale = market cap · Runway capped at 36mo · Gov $ = federal awards · Research = citations + patents. Dollar axes use log scale.
Is QBTS or BTQ the bigger company?
QBTS is larger, with a market cap of $6.57B versus $435.12M for BTQ.
Which has the longer cash runway, QBTS or BTQ?
QBTS's cash runway is 59mo and BTQ's is 5mo (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).
What technology do QBTS and BTQ use?
D-Wave Quantum (QBTS): Physical Qubits (Quantum Annealing, Pegasus topology). BTQ Technologies (BTQ): Software-Defined (Neutral-Atom Emulation & Control). Qubit counts are not directly comparable across different modalities.