D-Wave Quantum (Quantum Annealing) vs Quantum Computing Inc (Photonic) — 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 $5.43B market cap, about 3.2× the size of QUBT ($1.69B).
QBTS reports more revenue ($24.59M vs $682.00K for QUBT, latest fiscal year).
On cash runway — the metric that decides who needs to raise money first — QUBT is stronger (266mo vs 59mo).
They take different technical paths: QBTS reports 5,627 qubits (Physical Qubits (Quantum Annealing, Pegasus topology)), while QUBT reports its qubit count (Photonic Variables (EQC — Entropy Quantum Computing)) — 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 QUBT the bigger company?
QBTS is larger, with a market cap of $5.43B versus $1.69B for QUBT.
Which has the longer cash runway, QBTS or QUBT?
QBTS's cash runway is 59mo and QUBT's is 266mo (current cash ÷ trailing-twelve-month operating burn; "CF+" means cash-flow positive).
What technology do QBTS and QUBT use?
D-Wave Quantum (QBTS): Physical Qubits (Quantum Annealing, Pegasus topology). Quantum Computing Inc (QUBT): Photonic Variables (EQC — Entropy Quantum Computing). Qubit counts are not directly comparable across different modalities.