D-Wave Quantum (QBTS) Free Cash Flow (2021 - 2026)

D-Wave Quantum has disclosed Free Cash Flow across 6 years of filings, most recently posting -$46.0 million for Q1 2026.

• Free Cash Flow for Q1 2026 came in at -$46.0 million, down 133.51% year-over-year; the trailing twelve-month figure through Mar 2026 was -$102.2 million (down 102.54% YoY), and the FY2025 annual result was -$75.8 million, down 76.66% from the prior year.
• Free Cash Flow came in at -$46.0 million for Q1 2026 at D-Wave Quantum, down from -$20.0 million in the prior quarter.
• In the past five years, Free Cash Flow ranged from a high of $2.9 million in Q4 2024 to a low of -$46.0 million in Q1 2026.
• The 5-year median for Free Cash Flow is -$15.2 million (2023), against an average of -$16.0 million.
• Across the five-year window, Free Cash Flow jumped 118.91% in 2024 and sank 794.56% in 2025, its largest moves.
• D-Wave Quantum's Free Cash Flow stood at -$10.9 million in 2022, then tumbled by 39.79% to -$15.2 million in 2023, then surged by 118.91% to $2.9 million in 2024, then tumbled by 794.56% to -$20.0 million in 2025, then sank by 129.85% to -$46.0 million in 2026.
• The last three Free Cash Flow figures came in at -$46.0 million (Q1 2026), -$20.0 million (Q4 2025), and -$20.1 million (Q3 2025), per Business Quant data.