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| 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 |