D-Wave Quantum (QBTS) Cash & Equivalents (2020 - 2026)
D-Wave Quantum's Cash & Equivalents was $296.64 million in Q2 2026, down 63.8% from $819.31 million a year earlier and down 12.3% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Cash & Equivalents (2020 - 2026) Analysis & Trends
At the end of FY2025, Cash & Equivalents at D-Wave Quantum came in at $635.35 million, up 257.0% from FY2024.
- Cash & Equivalents shows a five-year compound annual growth rate of 97.1% (FY2020 to FY2025).
- In earlier years, Cash & Equivalents was $177.98 million in FY2024 (+330.9%), $41.31 million in FY2023 and $9.5 million in FY2021 (-55.5%).
- The Q2 2026 figure marks the lowest quarterly Cash & Equivalents since Q4 2024.
- Compared with a year earlier, Cash & Equivalents was higher in three of the last four quarters, with growth averaging 133.8%.
- Per Business Quant data, QBTS's Cash & Equivalents in the three quarters before Q2 2026 was $338.2 million (Q1 2026), $635.35 million (Q4 2025) and $836.23 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn | 2.51 Bn |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn | 5.01 Bn |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn | 1.71 Bn |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn | 3.75 Bn |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn | 881.23 Mn |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn | 928.35 Mn |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn | 763.00 Mn |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn | 597.70 Mn |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn | 1.00 Bn |
| 10 | D-Wave Quantum | 3.96 Bn | 1.10 Bn | 1.70 Mn | 296.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 296.64 Mn |
| Mar 31, 2026 | 338.20 Mn |
| Dec 31, 2025 | 635.35 Mn |
| Sep 30, 2025 | 836.23 Mn |
| Jun 30, 2025 | 819.31 Mn |
| Mar 31, 2025 | 304.32 Mn |
| Dec 31, 2024 | 177.98 Mn |
| Dec 31, 2023 | 41.31 Mn |
| Sep 30, 2022 | 13.80 Mn |
| Jun 30, 2022 | 10.50 Mn |
| Dec 31, 2021 | 9.50 Mn |
| Sep 30, 2021 | 8.05 Mn |
| Dec 31, 2020 | 21.34 Mn |
API Access
D-Wave Quantum Cash & Equivalents API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-and-equivalents", "ticker": "QBTS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-and-equivalents&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();