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| Date | Value |
|---|---|
| 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 |