D-Wave Quantum (QBTS) Free Cash Flow (2021 - 2026)
D-Wave Quantum (QBTS) posted Free Cash Flow of -$46.0 million for Q1 2026, down 129.85% sequentially from -$20.0 million in Q4 2025, and down 133.51% YoY from $137.4 million in Q1 2025.
D-Wave Quantum (QBTS) Free Cash Flow (2021 - 2026) Analysis & Trends
D-Wave Quantum (QBTS) has 6 years of Free Cash Flow data on file, last reported at -$46.0 million in Q1 2026.
- Quarterly Free Cash Flow fell 133.51% year-over-year to -$46.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$102.2 million (down 102.54% YoY) and the FY2025 annual result came in at -$75.8 million, down 76.66% from the prior year.
- Free Cash Flow retreated to -$46.0 million in Q1 2026 per QBTS's latest filing, from -$20.0 million in the prior quarter.
- The five-year high for Free Cash Flow was $2.9 million in Q4 2024, with the low at -$46.0 million in Q1 2026.
- Average Free Cash Flow over 5 years is -$16.0 million, with a median of -$15.2 million recorded in 2023.
- Year-over-year, Free Cash Flow surged 118.91% in 2024 and tumbled 794.56% in 2025.
- D-Wave Quantum's Free Cash Flow stood at -$10.9 million in 2022, then plunged by 39.79% to -$15.2 million in 2023, then surged by 118.91% to $2.9 million in 2024, then plunged by 794.56% to -$20.0 million in 2025, then slumped by 129.85% to -$46.0 million in 2026.
- Business Quant data shows QBTS's Free Cash Flow at -$46.0 million in Q1 2026, -$20.0 million in Q4 2025, and -$20.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Sandisk | 300.77 Bn | 297.03 Bn | 4.66 Bn | 2.99 Bn |
| 2 | Dell Technologies | 276.28 Bn | 264.70 Bn | 7.78 Bn | 3.12 Bn |
| 3 | Arista Networks | 209.63 Bn | 197.28 Bn | 1.68 Bn | 1.64 Bn |
| 4 | Western Digital | 204.64 Bn | 201.41 Bn | 1.68 Bn | 978.00 Mn |
| 5 | Seagate Technology Holdings | 202.26 Bn | 201.11 Bn | 1.45 Bn | 1.33 Bn |
| 6 | Everpure | 25.55 Bn | 24.23 Bn | 723.33 Mn | 157.09 Mn |
| 7 | Hp | 20.30 Bn | 16.60 Bn | 3.02 Bn | 756.00 Mn |
| 8 | Super Micro Computer | 16.60 Bn | 15.31 Bn | 1.02 Bn | -6.62 Bn |
| 9 | Logitech International | 13.89 Bn | 12.15 Bn | 483.28 Mn | 198.56 Mn |
| 10 | D-Wave Quantum | 8.64 Bn | 8.64 Bn | 1.82 Mn | -46.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -46.04 Mn |
| Mar 31, 2026 | -46.04 Mn |
| Dec 31, 2025 | -20.03 Mn |
| Dec 31, 2025 | -20.03 Mn |
| Sep 30, 2025 | -20.06 Mn |
| Sep 30, 2025 | -20.06 Mn |
| Jun 30, 2025 | -16.04 Mn |
| Jun 30, 2025 | -16.04 Mn |
| Mar 31, 2025 | -19.72 Mn |
| Mar 31, 2025 | -19.72 Mn |
| Dec 31, 2024 | 2.88 Mn |
| Dec 31, 2024 | 2.88 Mn |
| Sep 30, 2024 | -19.02 Mn |
| Sep 30, 2024 | -19.02 Mn |
| Jun 30, 2024 | -14.59 Mn |
| Jun 30, 2024 | -14.59 Mn |
| Mar 31, 2024 | -12.21 Mn |
| Mar 31, 2024 | -12.21 Mn |
| Dec 31, 2023 | -15.25 Mn |
| Dec 31, 2023 | -15.25 Mn |