SuperworthD-Wave Quantum shares outstanding QBTS
Diluted shares outstanding, averaged over each quarter, from 2021.
- Latest quarter, to Jun 30, 2026
- 370.8M
- On a year earlier
- +22.7%
- more shares
D-Wave Quantum had 370.8M diluted shares outstanding on average in Q2 FY26, the quarter to Jun 30, 2026.
That is 22.7% more than a year earlier, so each share owns a little less of the company.
Shares outstanding over time
Fiscal year by fiscal year
| Fiscal year | Shares, fourth quarter | Change |
|---|---|---|
| FY2025 | 352.9M | +51% |
| FY2024 | 233M | +48% |
| FY2023 | 157.6M | +41% |
| FY2022 | 111.7M | −11% |
| FY2021 | 125.4M | n/a |
Each fiscal year is the twelve months to its fourth quarter, shown as the fourth quarter's average share count.
Quarter by quarter
| Quarter | Ended | Shares outstanding | On a year earlier |
|---|---|---|---|
| Q2 FY26 | 370.8M | +23% | |
| Q1 FY26 | 367.5M | +28% | |
| Q4 FY25 | 352.9M | +51% | |
| Q3 FY25 | 342.2M | +70% | |
| Q2 FY25 | 302.3M | +76% | |
| Q1 FY25 | 286.4M | +78% | |
| Q4 FY24 | 233M | +48% | |
| Q3 FY24 | 201.6M | +51% | |
| Q2 FY24 | 172.1M | +35% | |
| Q1 FY24 | 161.3M | +31% | |
| Q4 FY23 | 157.6M | +41% | |
| Q3 FY23 | 133.2M | +15% |
What the shares outstanding tells you
Diluted shares outstanding, averaged over the period. Fewer shares means each one owns more of the company.
A falling count usually means buybacks. A rising one means stock pay, acquisitions paid in shares or new shares sold.
More on D-Wave Quantum
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.