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

D-Wave Quantum has reported Free Cash Flow for 6 years, with the latest figure at -$46.0 million in Q1 2026.

• Quarterly Free Cash Flow fell 136.47% year-over-year to -$46.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$99.0 million (down 100.98% YoY) and the FY2025 annual result came in at -$72.4 million, down 72.55% from the prior year.
• Free Cash Flow retreated to -$46.0 million in Q1 2026 per QBTS's latest filing, from -$16.6 million in the prior quarter.
• Over five years, Free Cash Flow peaked at $2.1 million in Q4 2024 and troughed at -$46.0 million in Q1 2026.
• A 5-year average of -$15.7 million and a median of -$14.7 million in 2023 frame the typical range for Free Cash Flow.
• The sharpest annual moves came in 2024 and 2025: Free Cash Flow surged 114.15% in 2024, then sank 898.75% in 2025.
• Over 5 years, Free Cash Flow stood at -$11.3 million in 2022, then tumbled by 30.62% to -$14.7 million in 2023, then soared by 114.15% to $2.1 million in 2024, then tumbled by 898.75% to -$16.6 million in 2025, then sank by 177.12% to -$46.0 million in 2026.
• According to Business Quant data, Free Cash Flow over the past three periods registered -$46.0 million, -$16.6 million, and -$20.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.