D-Wave Quantum (QBTS) Free Cash Flow (2021 - 2026)
D-Wave Quantum (QBTS) recorded Free Cash Flow of -$32.94 million in Q2 2026, compared with -$16.04 million a year earlier.
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Analysis
D-Wave Quantum (QBTS) Free Cash Flow (2021 - 2026) Analysis & Trends
On a TTM basis, D-Wave Quantum's Free Cash Flow came in at -$119.08 million as of Jun 30, 2026; for FY2025, it was -$75.84 million.
- Across earlier years, Free Cash Flow came in at -$44.75 million in FY2024, -$61.23 million in FY2023, -$45.65 million in FY2022 and -$36.57 million in FY2021.
- Quarterly Free Cash Flow has ranged from -$46.04 million in Q1 2026 to $1.07 million in Q4 2024 over the past five years.
- Per Business Quant, the preceding three quarters came in at -$46.04 million (Q1 2026), -$20.03 million (Q4 2025) and -$20.06 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | 1.25 Bn |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | 405.86 Mn |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 965.60 Mn |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | 83.80 Mn |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | 305.98 Mn |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | 233.00 Mn |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | - |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | -972,000.00 |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | 139.41 Mn |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | -32.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -32.94 Mn |
| Mar 31, 2026 | -46.04 Mn |
| Dec 31, 2025 | -20.03 Mn |
| Sep 30, 2025 | -20.06 Mn |
| Jun 30, 2025 | -16.04 Mn |
| Mar 31, 2025 | -19.72 Mn |
| Dec 31, 2024 | 1.07 Mn |
| Sep 30, 2024 | -18.38 Mn |
| Jun 30, 2024 | -15.01 Mn |
| Mar 31, 2024 | -12.42 Mn |
| Dec 31, 2023 | -15.18 Mn |
| Sep 30, 2023 | -16.93 Mn |
| Jun 30, 2023 | -15.46 Mn |
| Mar 31, 2023 | -13.66 Mn |
| Dec 31, 2022 | -11.06 Mn |
| Sep 30, 2022 | -12.91 Mn |
| Jun 30, 2022 | -12.04 Mn |
| Mar 31, 2022 | -9.63 Mn |
| Dec 31, 2021 | -7.47 Mn |
| Sep 30, 2021 | -7.74 Mn |
API Access
D-Wave Quantum Free Cash Flow 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=free-cash-flow&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();