D-Wave Quantum (QBTS) Change in Cash (2021 - 2026)
D-Wave Quantum's (QBTS) quarterly Change in Cash came in at -$41.6 million in Q2 2026, down 108.07% year-over-year from $515.0 million in Q2 2025, and up 86.02% quarter-over-quarter from -$297.2 million in Q1 2026.
Analysis
D-Wave Quantum (QBTS) Change in Cash (2021 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Change in Cash across 6 years of filings, most recently posting -$41.6 million for Q2 2026.
- In Q2 2026, Change in Cash fell 108.07% year-over-year to -$41.6 million; the TTM figure through Jun 2026 stood at -$522.7 million (down 167.14% YoY), while the FY2025 annual figure was $457.4 million, up 234.64% from the prior year.
- Change in Cash came in at -$41.6 million for Q2 2026 at D-Wave Quantum, up from -$297.2 million in the prior quarter.
- In the past five years, Change in Cash ranged from a high of $515.0 million in Q2 2025 to a low of -$297.2 million in Q1 2026.
- Average Change in Cash over 5 years is $16.0 million, with a median of $224500.0 recorded in 2023.
- Year-over-year, Change in Cash plunged 828.19% in 2024 and surged 3698.71% in 2025.
- Over 5 years, Change in Cash stood at -$6.7 million in 2022, then tumbled by 79.28% to -$12.0 million in 2023, then jumped by 1338.18% to $148.7 million in 2024, then sank by 235.09% to -$200.9 million in 2025, then jumped by 79.31% to -$41.6 million in 2026.
- Per Business Quant data, the three most recent Change in Cash figures were -$41.6 million in Q2 2026, -$297.2 million in Q1 2026, and -$200.9 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | 741.94 Mn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | -41.56 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | -20.38 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | -68.56 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | -24.46 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | -1.74 Mn |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - | 50,757.31 |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - | - |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - | 16.65 Mn |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | 312.78 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 |