D-Wave Quantum (QBTS) Change in Cash (2021 - 2026)

D-Wave Quantum (QBTS) posted Change in Cash of -$297.2 million for Q1 2026, down 47.92% sequentially from -$200.9 million in Q4 2025, and down 335.2% YoY from $126.3 million in Q1 2025.

D-Wave Quantum (QBTS) Change in Cash (2021 - 2026) Analysis & Trends

D-Wave Quantum has reported Change in Cash for 6 years, with the latest figure at -$297.2 million in Q1 2026.

  • Quarterly Change in Cash fell 335.2% year-over-year to -$297.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $33.9 million (down 87.77% YoY) and the FY2025 annual result came in at $457.4 million, up 234.64% from the prior year.
  • Change in Cash eased to -$297.2 million in Q1 2026 per QBTS's latest filing, from -$200.9 million in the prior quarter.
  • Over five years, Change in Cash peaked at $515.0 million in Q2 2025 and troughed at -$297.2 million in Q1 2026.
  • A 5-year average of $19.3 million and a median of $1.9 million in 2023 frame the typical range for Change in Cash.
  • The sharpest annual moves came in 2024 and 2025: Change in Cash sank 828.19% in 2024, then soared 3698.71% in 2025.
  • Over 5 years, Change in Cash stood at -$6.7 million in 2022, then sank by 79.28% to -$12.0 million in 2023, then soared by 1338.18% to $148.7 million in 2024, then tumbled by 235.09% to -$200.9 million in 2025, then sank by 47.92% to -$297.2 million in 2026.
  • According to Business Quant data, Change in Cash over the past three periods registered -$297.2 million, -$200.9 million, and $16.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Cash (Qtr)
1 Dell Technologies 279.74 Bn 268.16 Bn 7.78 Bn 47.00 Mn
2 Arista Networks 233.03 Bn 220.67 Bn 1.68 Bn 825.60 Mn
3 Sandisk 191.00 Bn 187.26 Bn 4.66 Bn 2.20 Bn
4 Seagate Technology Holdings 182.93 Bn 181.79 Bn 1.45 Bn 99.00 Mn
5 Western Digital 180.27 Bn 177.03 Bn 1.68 Bn 75.00 Mn
6 Everpure 26.48 Bn 24.98 Bn 723.33 Mn -16.32 Mn
7 Hp 25.04 Bn 21.33 Bn 3.02 Bn 549.00 Mn
8 Super Micro Computer 17.15 Bn 15.86 Bn 1.02 Bn -2.85 Bn
9 Logitech International 15.08 Bn 13.33 Bn 607.94 Mn 8.13 Mn
10 D-Wave Quantum 7.35 Bn 7.35 Bn 1.82 Mn -297.15 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -297.15 Mn
Dec 31, 2025 -200.88 Mn
Sep 30, 2025 16.92 Mn
Jun 30, 2025 514.99 Mn
Mar 31, 2025 126.34 Mn
Dec 31, 2024 148.71 Mn
Sep 30, 2024 -11.59 Mn
Jun 30, 2024 13.56 Mn
Mar 31, 2024 -14.00 Mn
Dec 31, 2023 -12.01 Mn
Sep 30, 2023 45.80 Mn
Jun 30, 2023 -1.47 Mn
Mar 31, 2023 1.92 Mn
Dec 31, 2022 -6.70 Mn
Sep 30, 2022 3.30 Mn
Jun 30, 2022 -7.20 Mn
Mar 31, 2022 8.18 Mn
Dec 31, 2021 1.44 Mn
Sep 30, 2021 -5.15 Mn