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 from Operations (2021 - 2026)

D-Wave Quantum's (QBTS) quarterly Cash from Operations came in at -$28.5 million in Q2 2026, down 86.46% year-over-year from -$210.6 million in Q2 2025, and up 36.6% quarter-over-quarter from -$45.0 million in Q1 2026.

Analysis

D-Wave Quantum (QBTS) Cash from Operations (2021 - 2026) Analysis & Trends

D-Wave Quantum has disclosed Cash from Operations across 6 years of filings, most recently posting -$28.5 million for Q2 2026.

  • In Q2 2026, Cash from Operations fell 86.46% year-over-year to -$28.5 million; the TTM figure through Jun 2026 stood at -$110.9 million (down 119.04% YoY), while the FY2025 annual figure was -$72.0 million, down 68.8% from the prior year.
  • Cash from Operations came in at -$28.5 million for Q2 2026 at D-Wave Quantum, up from -$45.0 million in the prior quarter.
  • In the past five years, Cash from Operations ranged from a high of $2.0 million in Q4 2024 to a low of -$45.0 million in Q1 2026.
  • Average Cash from Operations over 5 years is -$16.3 million, with a median of -$15.0 million recorded in 2023.
  • Year-over-year, Cash from Operations jumped 113.68% in 2024 and plunged 1010.86% in 2025.
  • Over 5 years, Cash from Operations stood at -$10.9 million in 2022, then slumped by 35.38% to -$14.7 million in 2023, then surged by 113.68% to $2.0 million in 2024, then sank by 1010.86% to -$18.4 million in 2025, then plunged by 55.14% to -$28.5 million in 2026.
  • Per Business Quant data, the three most recent Cash from Operations figures were -$28.5 million in Q2 2026, -$45.0 million in Q1 2026, and -$18.4 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cash from Operations (Qtr)
1 IonQ 9.47 Bn 7.36 Bn 19.94 Mn -103.76 Mn
2 D-Wave Quantum 6.07 Bn 6.07 Bn 1.70 Mn -28.50 Mn
3 Rigetti Computing 5.03 Bn 5.03 Bn 2.19 Mn -15.78 Mn
4 Quantum Computing 1.75 Bn 1.75 Bn -1.17 Mn -13.87 Mn
5 Infleqtion 1.32 Bn 839.31 Mn 2.17 Mn 13.19 Mn
6 BTQ Technologies 359.38 Mn 359.38 Mn - -4.27 Mn
7 Quantum eMotion 339.79 Mn 339.79 Mn - -
8 Arqit Quantum 251.50 Mn 251.50 Mn - -
9 Horizon Quantum Holdings 13.39 -113.25 Mn - -5.11 Mn
10 Xanadu Quantum Technologies 7.78 -312.78 Mn 1.38 Mn -23.60 Mn
Historic Data

Historic Data

Download Data
DateValue
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