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 (QBTS) has 6 years of Change in Cash data on file, last reported 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.
  • The five-year high for Change in Cash was $515.0 million in Q2 2025, with the low at -$297.2 million in Q1 2026.
  • Average Change in Cash over 5 years is $19.3 million, with a median of $1.9 million recorded in 2023.
  • Year-over-year, Change in Cash tumbled 828.19% in 2024 and surged 3698.71% in 2025.
  • D-Wave Quantum's Change in Cash stood at -$6.7 million in 2022, then slumped by 79.28% to -$12.0 million in 2023, then jumped by 1338.18% to $148.7 million in 2024, then plunged by 235.09% to -$200.9 million in 2025, then slumped by 47.92% to -$297.2 million in 2026.
  • Business Quant data shows QBTS's Change in Cash at -$297.2 million in Q1 2026, -$200.9 million in Q4 2025, and $16.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Cash (Qtr)
1 Sandisk 300.77 Bn 297.03 Bn 4.66 Bn 2.20 Bn
2 Dell Technologies 276.28 Bn 264.70 Bn 7.78 Bn 47.00 Mn
3 Arista Networks 209.63 Bn 197.28 Bn 1.68 Bn 825.60 Mn
4 Western Digital 204.64 Bn 201.41 Bn 1.68 Bn 75.00 Mn
5 Seagate Technology Holdings 202.26 Bn 201.11 Bn 1.45 Bn 99.00 Mn
6 Everpure 25.55 Bn 24.23 Bn 723.33 Mn -16.32 Mn
7 Hp 20.30 Bn 16.60 Bn 3.02 Bn 549.00 Mn
8 Super Micro Computer 16.60 Bn 15.31 Bn 1.02 Bn -2.85 Bn
9 Logitech International 13.89 Bn 12.15 Bn 483.28 Mn -76.27 Mn
10 D-Wave Quantum 8.64 Bn 8.64 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