IONQ vs QBTS: which is the better buy in 2026?
On Alexandria's Compass, D-Wave Quantum has the edge with a 73/100 score versus 52/100 for IONQ. Here is how they stack up, factor by factor.
IonQ Inc.
NYSE:IONQ
A $21 billion market cap on $100M-ish revenue and massive cash burn is a bet on physics, not a business.
Full IONQ analysisD-Wave Quantum
NYSE:QBTS
D-Wave sells quantum computing's promise at a $6.7B market cap against $8M in trailing revenue. The math doesn't work.
Full QBTS analysisFactor by factor
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Frequently asked questions
Is IONQ or QBTS the better buy in 2026?
By Compass Score, D-Wave Quantum (NYSE:QBTS) edges it at 73/100 versus 52/100 for IONQ. Both scores update weekly and reflect a contrarian, forward-looking read, not a recommendation.
How does Alexandria compare IONQ and QBTS?
Each company is scored 1-100 on eight factors: revenue growth, profitability, valuation, momentum, theme purity, moat, catalysts, and market position. The Compass Score is the composite, and the comparison below shows where each name wins factor by factor.
Compass Scores are proprietary editorial research from publicly available data, not investment advice or a recommendation regarding any security. Rankings update weekly.