Quantum Market Cap
โ† Rankings

Quantum Stocks by US Government Funding

Government contracts are some of the most durable revenue in quantum computing โ€” defense, national labs and research agencies pay for systems and services years before the commercial market matures. This list ranks pure-play quantum stocks by their cumulative US federal contract and grant awards recorded on USAspending.gov.

As of ยท market data updates live

For award totals, agencies, and official USAspending records, see Infleqtion government contracts.
#CompanyFederal AwardsAwardsMarket CapRevenue (FY)30D
1Infleqtion INFQNeutral Atom$109.90M91$2.93B$32.46M
2IonQ IONQTrapped-Ion$13.41M2$15.65B$130.02M
3Rigetti Computing RGTISuperconducting$12.10M14$5.46B$7.09M
4Quantinuum QNTTrapped-Ion$3.98M1$13.69B$30.93M
5Quantum-Si QSIQuantum Biology$381.06K5$167.46M$2.44M
6Quantum Computing Inc QUBTPhotonic$95.66K2$1.87B$682.00K
7D-Wave Quantum QBTSQuantum Annealing$40.00K1$6.95B$24.59M

Not ranked (no federal awards data yet): ARQQ, XNDU, HQ, IQMX, BTQ.

The companies, in order

1. Infleqtion (INFQ) โ€” $109.90M

Infleqtion (formerly ColdQuanta) designs and builds quantum computers, precision sensors, and quantum software using cold atom and neutral atom technology. Its Sqale quantum computer has been commercially deployed at the UK National Quantum Computing Centre.

INFQ live data, financials & filings โ†’

2. IonQ (IONQ) โ€” $13.41M

IonQ develops trapped-ion quantum computers accessible via cloud through AWS Braket, Azure Quantum, and Google Cloud. The company builds full-stack quantum hardware and software targeting fault-tolerant quantum computing.

IONQ live data, financials & filings โ†’

3. Rigetti Computing (RGTI) โ€” $12.10M

Rigetti Computing is a full-stack quantum-classical computing company using superconducting qubits. It fabricates its own chips at Fab-1 and provides cloud access through Quantum Cloud Services (QCS).

RGTI live data, financials & filings โ†’

4. Quantinuum (QNT) โ€” $3.98M

Quantinuum develops trapped-ion quantum computers and quantum software, spun out of Honeywell in 2021. Its H-Series and Helios systems hold world records in gate fidelity and quantum volume. Software platforms include InQuanto (quantum chemistry), Quantum Origin (cybersecurity entropy), and lambeq (quantum NLP/AI). IPO: Nasdaq June 2026.

QNT live data, financials & filings โ†’

5. Quantum-Si (QSI) โ€” $381.06K

Quantum-Si is building a semiconductor chip-based platform for single-molecule protein sequencing using quantum-detection technology. Its Platinum Pro system targets proteomics research; next-gen Proteus instrument targets Q2 2027 commercial launch.

QSI live data, financials & filings โ†’

6. Quantum Computing Inc (QUBT) โ€” $95.66K

Quantum Computing Inc develops photonic quantum processors and reservoir quantum computing systems. Its Dirac series uses Entropy Quantum Computing (EQC) for constrained optimization, and its Neurawave product applies photonic reservoir computing to edge AI inference.

QUBT live data, financials & filings โ†’

7. D-Wave Quantum (QBTS) โ€” $40.00K

D-Wave is the world's first commercial quantum computing company, specializing in quantum annealing technology for optimization problems. Its systems are used in logistics, finance, and drug discovery.

QBTS live data, financials & filings โ†’

Methodology: Totals are cumulative US federal prime awards (contracts + grants) attributed to each company on USAspending.gov. Foreign-government funding (significant for IQM, Arqit and others) is not captured. Award totals reflect obligated amounts, which can differ from cash received to date. Covers the US-listed pure-play quantum universe tracked by this site. Full metric definitions on the methodology page. Not investment advice.

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