Quantum Market Cap

QBTS vs INFQ: Which Quantum Stock Is Better?

D-Wave Quantum (Quantum Annealing) vs Infleqtion (Neutral Atom) — live market, SEC financial and quantum-hardware data side by side.

QBTS is the larger company at $8.88B market cap, about 3.1× the size of INFQ ($2.82B).

On cash runway — the metric that decides who needs to raise money first — INFQ is stronger (248mo vs 72mo).

They take different technical paths: QBTS reports 4,400 qubits (Physical Qubits (Quantum Annealing, Zephyr topology)), while INFQ reports 100 qubits (Physical Qubits (Neutral Atom / Cold Atom)) — raw counts are not directly comparable across modalities.

MetricQBTSD-Wave QuantumINFQInfleqtion
Market
Price$23.99$12.93
Market Cap$8.88B$2.82B
1Y Return+61.9%—
52W High$46.75$21.28
52W Low$12.75$8.52
Financials
Revenue (latest FY)$24.59M—
Revenue YoY+178.5%—
Net Income$-355,062,000$-66,931,068
Cash & Equivalents$588.40M$443.74M
Cash Runway72mo248mo
Risk
Going Concern FlagNoNo
ATM Offerings (dilution)1215
Daily Short Vol %59.3%59.9%
Beta (1Y vs SPY)1.190.71
Government & Research
Federal Awards Total$40.0K$86.27M
Academic Citations—6K
Patents——
Quantum Technology
Physical Qubits4,400100
Qubit ModalityPhysical Qubits (Quantum Annealing, Zephyr topology)Physical Qubits (Neutral Atom / Cold Atom)
2Q Gate Fidelity—99.73%
Cloud PlatformsD-Wave Leap (Direct)NVIDIA CUDA-Q, Direct API
Roadmap TargetDual-platform: annealing utility today + gate-model roadmap (Feb 2026) — initial 17-qubit gate-model system 2026, 181 qubits 2028, 10 logical qubits 2030, 100 logical qubits 2032 via dual-rail qubits (Quantum Circuits acquisition)30 logical qubits by 2026; 1,000 logical qubits by 2030 (full-stack fault-tolerant)
Company
Founded19992007
HeadquartersBurnaby, BC, CanadaLouisville, CO
Employees——

QBTS vs INFQ FAQ

Is QBTS or INFQ the bigger company?

QBTS is larger, with a market cap of $8.88B versus $2.82B for INFQ.

Which has the longer cash runway, QBTS or INFQ?

QBTS's cash runway is 72mo and INFQ's is 248mo (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).

What technology do QBTS and INFQ use?

D-Wave Quantum (QBTS): Physical Qubits (Quantum Annealing, Zephyr topology). Infleqtion (INFQ): Physical Qubits (Neutral Atom / Cold Atom). Qubit counts are not directly comparable across different modalities.

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