← Markets Compare all 10 →
QBTS vs IQMX: Which Quantum Stock Is Better? D-Wave Quantum (Quantum Annealing) vs IQM Quantum Computers (Superconducting) — live market, SEC financial and quantum-hardware data side by side.
QBTS is the larger company at $8.34B market cap, about 2.4× the size of IQMX ($3.42B).
They take different technical paths: QBTS reports 4,400 qubits (Physical Qubits (Quantum Annealing, Zephyr topology)), while IQMX reports 54 qubits (Physical Qubits (Superconducting Transmon)) — raw counts are not directly comparable across modalities.
Metric QBTS D-Wave Quantum IQMX IQM Quantum Computers Market Price $22.53 $13.03 Market Cap $8.34B $3.42B 1Y Return +34.2% +28.4% 52W High $46.75 $13.78 52W Low $12.75 $9.62 Financials Revenue (latest FY) $24.59M — Revenue YoY +178.5% — Net Income -$355.06M — Cash & Equivalents $588.40M — Cash Runway 72mo — Risk Going Concern Flag No No ATM Offerings (dilution) 121 1 Daily Short Vol % 62.7% 46.9% Beta (1Y vs SPY) 1.24 0.06 Government & Research Federal Awards Total $40.00K — Academic Citations — — Patents — — Quantum Technology Physical Qubits 4,400 54 Qubit Modality Physical Qubits (Quantum Annealing, Zephyr topology) Physical Qubits (Superconducting Transmon) 2Q Gate Fidelity — — Cloud Platforms D-Wave Leap (Direct) IQM Resonance (cloud access), On-premises systems (IQM Spark, IQM Radiance) Roadmap Target Dual-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) Fault-tolerant quantum computing targeted by 2030, scaling through 150- and 300-qubit Radiance-class systems with error-corrected logical qubits Company Founded 1999 2018 Headquarters Burnaby, BC, Canada Espoo, Finland Employees — —
QBTS vs IQMX FAQ Is QBTS or IQMX the bigger company?
QBTS is larger, with a market cap of $8.34B versus $3.42B for IQMX.
Which has the longer cash runway, QBTS or IQMX?
QBTS's cash runway is 72mo and IQMX's is — (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).
What technology do QBTS and IQMX use?
D-Wave Quantum (QBTS): Physical Qubits (Quantum Annealing, Zephyr topology). IQM Quantum Computers (IQMX): Physical Qubits (Superconducting Transmon). Qubit counts are not directly comparable across different modalities.
Go deeper
More head-to-head comparisons