D-Wave Quantum (QBTS) Change in Cash (2021 - 2026)
D-Wave Quantum's (QBTS) quarterly Change in Cash came in at -$297.2 million in Q1 2026, down 335.2% year-on-year from $126.3 million in Q1 2025, and down 47.92% quarter-over-quarter from -$200.9 million in Q4 2025.
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 -$297.2 million for Q1 2026.
- Change in Cash for Q1 2026 came in at -$297.2 million, down 335.2% year-over-year; the trailing twelve-month figure through Mar 2026 was $33.9 million (down 87.77% YoY), and the FY2025 annual result was $457.4 million, up 234.64% from the prior year.
- Change in Cash came in at -$297.2 million for Q1 2026 at D-Wave Quantum, down from -$200.9 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.
- The 5-year median for Change in Cash is $1.9 million (2023), against an average of $19.3 million.
- Across the five-year window, Change in Cash sank 828.19% in 2024 and jumped 3698.71% in 2025, its largest moves.
- D-Wave Quantum's Change in Cash stood at -$6.7 million in 2022, then sank by 79.28% to -$12.0 million in 2023, then jumped 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.
- The last three Change in Cash figures came in at -$297.2 million (Q1 2026), -$200.9 million (Q4 2025), and $16.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | 1.97 Bn |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 2.20 Bn |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 825.60 Mn |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 99.00 Mn |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 75.00 Mn |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | -2.85 Bn |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | -9.13 Mn |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 549.00 Mn |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | -536.40 Mn |
| 10 | D-Wave Quantum | 8.82 Bn | 8.82 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 |