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
DateValue
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