D-Wave Quantum (QBTS) Change in Inventory (2021 - 2026)
D-Wave Quantum (QBTS) reported Change in Inventory of $1.13 million for Q2 2026, up 56.4% from $722,000 a year earlier but down 23.5% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Change in Inventory (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, D-Wave Quantum's Change in Inventory came in at $4.24 million, up 411.0% year-over-year; for FY2025, it was $2.4 million.
- Change in Inventory has a five-year compound annual growth rate of 29.8% (FY2020 to FY2025).
- By year, Change in Inventory came in at $215,000 in FY2024 (-9.3%), $237,000 in FY2023 (+60.1%), $148,000 in FY2022 and -$182,000 in FY2021.
- Five-year quarterly Change in Inventory spans a low of -$536,000 in Q4 2022 and a high of $1.48 million in Q1 2026.
- Year over year, Change in Inventory gained in four of the last five quarters, with growth averaging 194.3%.
- The high point for year-over-year Change in Inventory in five years was Q2 2024 (growth of 481.8%); the low point was Q2 2023 (a decline of 77.1%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.48 million (Q1 2026), $968,000 (Q4 2025) and $668,000 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Inventory (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | - |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 61.60 Mn |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | - |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | - |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | - |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | - |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | 80.39 Mn |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | - |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | 1.13 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.13 Mn |
| Mar 31, 2026 | 1.48 Mn |
| Dec 31, 2025 | 968,000.00 |
| Sep 30, 2025 | 668,000.00 |
| Jun 30, 2025 | 722,000.00 |
| Mar 31, 2025 | 40,000.00 |
| Dec 31, 2024 | -83,000.00 |
| Sep 30, 2024 | 151,000.00 |
| Jun 30, 2024 | 128,000.00 |
| Mar 31, 2024 | 19,000.00 |
| Dec 31, 2023 | 2,000.00 |
| Sep 30, 2023 | 154,000.00 |
| Jun 30, 2023 | 22,000.00 |
| Mar 31, 2023 | 59,000.00 |
| Dec 31, 2022 | -536,000.00 |
| Sep 30, 2022 | 383,000.00 |
| Jun 30, 2022 | 96,000.00 |
| Mar 31, 2022 | 205,000.00 |
| Dec 31, 2021 | -211,000.00 |
| Sep 30, 2021 | 68,000.00 |
API Access
D-Wave Quantum Change in Inventory 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-inventory&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-inventory", "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-inventory&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();