D-Wave Quantum (QBTS) Cash & Equivalents (2020 - 2026)
D-Wave Quantum's (QBTS) quarterly Cash & Equivalents came in at $296.6 million in Q2 2026, down 63.79% year-over-year from $819.3 million in Q2 2025, and down 12.29% quarter-over-quarter from $338.2 million in Q1 2026.
Analysis
D-Wave Quantum (QBTS) Cash & Equivalents (2020 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Cash & Equivalents across 7 years of filings, most recently posting $296.6 million for Q2 2026.
- In Q2 2026, Cash & Equivalents fell 63.79% year-over-year to $296.6 million; the TTM figure through Jun 2026 stood at $296.6 million (down 63.79% YoY), while the FY2025 annual figure was $635.3 million, up 256.98% from the prior year.
- Cash & Equivalents came in at $296.6 million for Q2 2026 at D-Wave Quantum, down from $338.2 million in the prior quarter.
- In the past five years, Cash & Equivalents ranged from a high of $836.2 million in Q3 2025 to a low of $10.5 million in Q2 2022.
- Average Cash & Equivalents over 5 years is $347.4 million, with a median of $300.5 million recorded in 2025.
- Year-over-year, Cash & Equivalents jumped 330.87% in 2024 and slumped 63.79% in 2026.
- Over 5 years, Cash & Equivalents stood at $13.8 million in 2022, then soared by 199.33% to $41.3 million in 2023, then surged by 330.87% to $178.0 million in 2024, then soared by 256.98% to $635.3 million in 2025, then slumped by 53.31% to $296.6 million in 2026.
- Per Business Quant data, the three most recent Cash & Equivalents figures were $296.6 million in Q2 2026, $338.2 million in Q1 2026, and $635.3 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | 1.24 Bn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | 296.64 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | 27.76 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | 189.20 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | 59.29 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | 7.03 Mn |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - | 228,272.33 |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - | 28.86 Mn |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - | 113.25 Mn |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | 312.78 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 |