D-Wave Quantum (QBTS) Cash from Operations (2021 - 2026)
D-Wave Quantum's Cash from Operations was -$28.5 million in Q2 2026, compared with -$15.29 million a year earlier.
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Analysis
D-Wave Quantum (QBTS) Cash from Operations (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, D-Wave Quantum's Cash from Operations was -$110.88 million through Jun 30, 2026; for FY2025, it was -$71.98 million.
- In earlier years, Cash from Operations was -$42.64 million in FY2024, -$60.65 million in FY2023, -$45.23 million in FY2022 and -$34.8 million in FY2021.
- Quarterly Cash from Operations has moved between -$44.96 million (Q1 2026) and $2.02 million (Q4 2024) over five years.
- Per Business Quant data, QBTS's Cash from Operations in the three quarters before Q2 2026 was -$44.96 million (Q1 2026), -$18.37 million (Q4 2025) and -$19.05 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | 1.36 Bn |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | 530.27 Mn |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 1.04 Bn |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | 91.36 Mn |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | 315.87 Mn |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | 234.00 Mn |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | - |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | 20.08 Mn |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | 141.88 Mn |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | -28.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -28.50 Mn |
| Mar 31, 2026 | -44.96 Mn |
| Dec 31, 2025 | -18.37 Mn |
| Sep 30, 2025 | -19.05 Mn |
| Jun 30, 2025 | -15.29 Mn |
| Mar 31, 2025 | -19.28 Mn |
| Dec 31, 2024 | 2.02 Mn |
| Sep 30, 2024 | -18.07 Mn |
| Jun 30, 2024 | -14.47 Mn |
| Mar 31, 2024 | -12.12 Mn |
| Dec 31, 2023 | -14.74 Mn |
| Sep 30, 2023 | -16.87 Mn |
| Jun 30, 2023 | -15.44 Mn |
| Mar 31, 2023 | -13.60 Mn |
| Dec 31, 2022 | -10.89 Mn |
| Sep 30, 2022 | -12.84 Mn |
| Jun 30, 2022 | -11.99 Mn |
| Mar 31, 2022 | -9.51 Mn |
| Dec 31, 2021 | -7.19 Mn |
| Sep 30, 2021 | -7.32 Mn |
API Access
D-Wave Quantum Cash from Operations 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-from-operations&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "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-from-operations&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();