D-Wave Quantum (QBTS) Change in Cash (2021 - 2026)
D-Wave Quantum's Change in Cash was -$41.56 million in Q2 2026, compared with $514.99 million a year earlier.
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Analysis
D-Wave Quantum (QBTS) Change in Cash (2021 - 2026) Analysis & Trends
On a trailing twelve-month basis, D-Wave Quantum's Change in Cash was -$522.67 million through Jun 30, 2026; for FY2025, it was $457.37 million, up 234.6% from FY2024.
- Change in Cash shows a five-year compound annual growth rate of 103.7% (FY2020 to FY2025).
- In earlier years, Change in Cash was $136.67 million in FY2024 (+299.1%), $34.24 million in FY2023, -$2.42 million in FY2022 and -$11.85 million in FY2021.
- Quarterly Change in Cash has moved between -$297.15 million (Q1 2026) and $514.99 million (Q2 2025) over five years.
- Per Business Quant data, QBTS's Change in Cash in the three quarters before Q2 2026 was -$297.15 million (Q1 2026), -$200.88 million (Q4 2025) and $16.92 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 256.46 Bn | 241.53 Bn | 2.30 Bn | 149.00 Mn |
| 2 | CrowdStrike Holdings | 222.40 Bn | 202.84 Bn | 1.10 Bn | 460.94 Mn |
| 3 | Snowflake | 94.80 Bn | 82.11 Bn | 1.04 Bn | -376.99 Mn |
| 4 | Fortinet | 90.00 Bn | 74.25 Bn | 1.64 Bn | 815.70 Mn |
| 5 | Datadog | 63.03 Bn | 43.58 Bn | 959.92 Mn | 446.27 Mn |
| 6 | Zscaler | 33.24 Bn | 19.40 Bn | 689.22 Mn | -53.76 Mn |
| 7 | Axon Enterprise | 31.08 Bn | 25.60 Bn | 546.45 Mn | 138.47 Mn |
| 8 | Okta | 28.61 Bn | 18.70 Bn | 641.00 Mn | 1.00 Mn |
| 9 | Baidu | 27.04 Bn | -46.40 Bn | 1.76 Mn | -860.00 Mn |
| 10 | D-Wave Quantum | 3.37 Bn | 511.38 Mn | 1.70 Mn | -41.56 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -41.56 Mn |
| 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 |
API Access
D-Wave Quantum Change in Cash 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=change-in-cash&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-cash", "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=change-in-cash&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();