D-Wave Quantum (Quantum Annealing) vs Horizon Quantum (Quantum Software) — live market, SEC financial and quantum-hardware data side by side.
QBTS is the larger company at $8.88B market cap, about 6.2× the size of HQ ($1.43B).
On cash runway — the metric that decides who needs to raise money first — HQ is stronger (91mo vs 72mo).
They take different technical paths: QBTS reports 4,400 qubits (Physical Qubits (Quantum Annealing, Zephyr topology)), while HQ reports its qubit count (Software-Defined (Hardware-Agnostic)) — raw counts are not directly comparable across modalities.
Is QBTS or HQ the bigger company?
QBTS is larger, with a market cap of $8.88B versus $1.43B for HQ.
Which has the longer cash runway, QBTS or HQ?
QBTS's cash runway is 72mo and HQ's is 91mo (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).
What technology do QBTS and HQ use?
D-Wave Quantum (QBTS): Physical Qubits (Quantum Annealing, Zephyr topology). Horizon Quantum (HQ): Software-Defined (Hardware-Agnostic). Qubit counts are not directly comparable across different modalities.