D-Wave Quantum (QBTS) Ending Cash Balance (2020 - 2026)
D-Wave Quantum (QBTS) reported Ending Cash Balance of $296.64 million for Q2 2026, down 63.8% from $819.31 million a year earlier and down 12.3% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Ending Cash Balance (2020 - 2026) Analysis & Trends
For FY2025, D-Wave Quantum posted Ending Cash Balance of $635.35 million, up 257.0% from FY2024.
- Ending Cash Balance has increased for three consecutive years, with a five-year compound annual growth rate of 97.1% (FY2020 to FY2025).
- By year, Ending Cash Balance came in at $177.98 million in FY2024 (+330.9%), $41.31 million in FY2023 (+484.7%), $7.07 million in FY2022 (-25.5%) and $9.48 million in FY2021 (-55.6%).
- The Q2 2026 figure ranks as the lowest quarterly Ending Cash Balance since Q4 2024.
- Year over year, Ending Cash Balance gained in three of the last five quarters, with growth averaging 98.0%.
- The high point for year-over-year Ending Cash Balance in five years was Q4 2023 (growth of 484.7%); the low point was Q2 2026 (a decline of 63.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $338.2 million (Q1 2026), $635.35 million (Q4 2025) and $836.23 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Ending Cash Balance (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn | 2.52 Bn |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn | 5.18 Bn |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn | 1.75 Bn |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn | 3.75 Bn |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn | 881.23 Mn |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn | 928.35 Mn |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn | 769.00 Mn |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn | 609.62 Mn |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn | 1.01 Bn |
| 10 | D-Wave Quantum | 3.96 Bn | 1.10 Bn | 1.70 Mn | 296.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 296.64 Mn |
| Mar 31, 2026 | 338.20 Mn |
| Dec 31, 2025 | 635.35 Mn |
| Sep 30, 2025 | 836.23 Mn |
| Jun 30, 2025 | 819.31 Mn |
| Mar 31, 2025 | 304.32 Mn |
| Dec 31, 2024 | 177.98 Mn |
| Sep 30, 2024 | 29.27 Mn |
| Jun 30, 2024 | 40.86 Mn |
| Mar 31, 2024 | 27.30 Mn |
| Dec 31, 2023 | 41.31 Mn |
| Sep 30, 2023 | 53.32 Mn |
| Jun 30, 2023 | 7.51 Mn |
| Mar 31, 2023 | 8.99 Mn |
| Dec 31, 2022 | 7.07 Mn |
| Sep 30, 2022 | 13.76 Mn |
| Jun 30, 2022 | 10.47 Mn |
| Mar 31, 2022 | 17.66 Mn |
| Dec 31, 2021 | 9.48 Mn |
| Sep 30, 2021 | 8.05 Mn |
API Access
D-Wave Quantum Ending Cash Balance 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=ending-cash-balance&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ending-cash-balance", "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=ending-cash-balance&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();