IONQ vs QBTS
IONQ: IonQ is a leader in trapped-ion quantum computing, providing cloud-based access to high-performance quantum processors for research and commercial use. QBTS: D-Wave is a provider of quantum computing systems and services aimed at accelerating the path to practical, enterprise-scale quantum applications.
Side-by-side fundamentals
| Metric | IONQ | QBTS | Edge |
|---|---|---|---|
| Price as of 2026-10-08 close | $39.45 | $14.60 | |
| Market cap | $15.0B | $5.4B | |
| P/E as of 2026-09-02 | 54.61 | n/a | |
| Net margin FY2025, SEC XBRL | -392.6% | -1444.1% | IONQ higher |
| Gross margin FY2025, SEC XBRL | n/a | +82.6% | |
| Operating margin FY2025, SEC XBRL | -487.4% | -408.2% | QBTS higher |
| ROE FY2025, SEC XBRL | -13.4% | -41.7% | IONQ higher |
| ROA FY2025, SEC XBRL | -7.8% | -38.8% | IONQ higher |
| Debt / equity as of 2026-09-02 | 0.00 | 0.03 | IONQ lower |
| Revenue growth (YoY) as of 2026-09-02 | +334.6% | -44.2% | IONQ higher |
| Revenue CAGR (3y) SEC XBRL | +126.9% | +50.8% | IONQ higher |
| Dividend streak (yrs) SEC XBRL | 0 | 0 | Tie |
| Beta as of 2026-09-02 | 2.88 | 2.63 | |
| 1-year return as of 2026-10-08 close | -46.9% | -57.4% | IONQ higher |
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-02 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date; "Edge" cells are a pure numeric comparison, not a recommendation.