D-Wave Quantum (QBTS) Cash & Equivalents (2020 - 2026)
D-Wave Quantum's (QBTS) quarterly Cash & Equivalents came in at $338.2 million in Q1 2026, up 11.13% year-on-year from $304.3 million in Q1 2025, and down 46.77% quarter-over-quarter from $635.3 million in Q4 2025.
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 $338.2 million for Q1 2026.
- Cash & Equivalents for Q1 2026 came in at $338.2 million, up 11.13% year-over-year; the trailing twelve-month figure through Mar 2026 was $338.2 million (up 11.13% YoY), and the FY2025 annual result was $635.3 million, up 256.98% from the prior year.
- Cash & Equivalents came in at $338.2 million for Q1 2026 at D-Wave Quantum, down from $635.3 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.
- The 5-year median for Cash & Equivalents is $304.3 million (2025), against an average of $353.0 million.
- Across the five-year window, Cash & Equivalents soared 330.87% in 2024 and rose 11.13% in 2026, its largest moves.
- D-Wave Quantum's Cash & Equivalents stood at $13.8 million in 2022, then jumped by 200.11% 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 sank by 46.77% to $338.2 million in 2026.
- The last three Cash & Equivalents figures came in at $338.2 million (Q1 2026), $635.3 million (Q4 2025), and $836.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | 11.53 Bn |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 3.74 Bn |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 2.79 Bn |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 1.15 Bn |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 2.05 Bn |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 1.29 Bn |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 316.85 Mn |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 3.70 Bn |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | 493.54 Mn |
| 10 | D-Wave Quantum | 8.82 Bn | 8.82 Bn | 1.82 Mn | 338.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 13.76 Mn |
| Jun 30, 2022 | 10.50 Mn |
| Dec 31, 2021 | 9.48 Mn |
| Sep 30, 2021 | 8.05 Mn |
| Dec 31, 2020 | 21.34 Mn |