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D-Wave Quantum (QBTS) Free Cash Flow (2021 - 2025)

D-Wave Quantum's Free Cash Flow history spans 5 years, with the latest figure at -$20.0 million for Q4 2025.

  • For Q4 2025, Free Cash Flow fell 794.56% year-over-year to -$20.0 million; the TTM value through Dec 2025 reached -$75.8 million, down 76.66%, while the annual FY2025 figure was -$75.8 million, 76.66% down from the prior year.
  • Free Cash Flow for Q4 2025 was -$20.0 million at D-Wave Quantum, roughly flat from -$20.1 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $2.9 million in Q4 2024 and bottomed at -$20.1 million in Q3 2025.
  • The 5-year median for Free Cash Flow is -$14.1 million (2023), against an average of -$13.4 million.
  • The largest annual shift saw Free Cash Flow surged 119.05% in 2024 before it tumbled 794.56% in 2025.
  • A 5-year view of Free Cash Flow shows it stood at -$8.7 million in 2021, then fell by 26.19% to -$11.0 million in 2022, then tumbled by 37.22% to -$15.1 million in 2023, then soared by 119.05% to $2.9 million in 2024, then crashed by 794.56% to -$20.0 million in 2025.
  • Per Business Quant, the three most recent readings for QBTS's Free Cash Flow are -$20.0 million (Q4 2025), -$20.1 million (Q3 2025), and -$16.0 million (Q2 2025).