D-Wave Quantum QBTS
NASDAQ QBTS
$16.42 -0.41 (-2.44%)
As of: Sep 15, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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