D-Wave Quantum (QBTS) Net Cash Flow (2021 - 2026)
D-Wave Quantum (QBTS) posted Net Cash Flow of -$297.2 million for Q1 2026, down 47.97% sequentially from -$200.8 million in Q4 2025, and down 336.14% YoY from $125.8 million in Q1 2025.
D-Wave Quantum (QBTS) Net Cash Flow (2021 - 2026) Analysis & Trends
D-Wave Quantum (QBTS) has 6 years of Net Cash Flow data on file, last reported at -$297.2 million in Q1 2026.
- Quarterly Net Cash Flow fell 336.14% year-over-year to -$297.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $33.0 million (down 88.06% YoY) and the FY2025 annual result came in at $456.0 million, up 233.68% from the prior year.
- Net Cash Flow retreated to -$297.2 million in Q1 2026 per QBTS's latest filing, from -$200.8 million in the prior quarter.
- The five-year high for Net Cash Flow was $514.2 million in Q2 2025, with the low at -$297.2 million in Q1 2026.
- Average Net Cash Flow over 5 years is $19.3 million, with a median of $1.9 million recorded in 2023.
- Year-over-year, Net Cash Flow plunged 823.48% in 2024 and surged 3699.07% in 2025.
- D-Wave Quantum's Net Cash Flow stood at -$6.8 million in 2022, then slumped by 75.8% to -$11.9 million in 2023, then jumped by 1346.16% to $148.6 million in 2024, then slumped by 235.14% to -$200.8 million in 2025, then tumbled by 47.97% to -$297.2 million in 2026.
- Business Quant data shows QBTS's Net Cash Flow at -$297.2 million in Q1 2026, -$200.8 million in Q4 2025, and $16.8 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Sandisk | 300.77 Bn | 297.03 Bn | 4.66 Bn | 2.20 Bn |
| 2 | Dell Technologies | 276.28 Bn | 264.70 Bn | 7.78 Bn | 60.00 Mn |
| 3 | Arista Networks | 209.63 Bn | 197.28 Bn | 1.68 Bn | 828.20 Mn |
| 4 | Western Digital | 204.64 Bn | 201.41 Bn | 1.68 Bn | 76.00 Mn |
| 5 | Seagate Technology Holdings | 202.26 Bn | 201.11 Bn | 1.45 Bn | 99.00 Mn |
| 6 | Everpure | 25.55 Bn | 24.23 Bn | 723.33 Mn | -16.32 Mn |
| 7 | Hp | 20.30 Bn | 16.60 Bn | 3.02 Bn | 549.00 Mn |
| 8 | Super Micro Computer | 16.60 Bn | 15.31 Bn | 1.02 Bn | -2.85 Bn |
| 9 | Logitech International | 13.89 Bn | 12.15 Bn | 483.28 Mn | -78.28 Mn |
| 10 | D-Wave Quantum | 8.64 Bn | 8.64 Bn | 1.82 Mn | -297.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -297.17 Mn |
| Mar 31, 2026 | -297.17 Mn |
| Dec 31, 2025 | -200.84 Mn |
| Dec 31, 2025 | -200.84 Mn |
| Sep 30, 2025 | 16.82 Mn |
| Sep 30, 2025 | 16.82 Mn |
| Jun 30, 2025 | 514.20 Mn |
| Jun 30, 2025 | 514.20 Mn |
| Mar 31, 2025 | 125.84 Mn |
| Mar 31, 2025 | 125.84 Mn |
| Dec 31, 2024 | 148.62 Mn |
| Dec 31, 2024 | 148.62 Mn |
| Sep 30, 2024 | -11.44 Mn |
| Sep 30, 2024 | -11.44 Mn |
| Jun 30, 2024 | 13.54 Mn |
| Jun 30, 2024 | 13.54 Mn |
| Mar 31, 2024 | -14.05 Mn |
| Mar 31, 2024 | -14.05 Mn |
| Dec 31, 2023 | -11.93 Mn |
| Dec 31, 2023 | -11.93 Mn |