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

D-Wave Quantum has disclosed Net Cash Flow across 6 years of filings, most recently posting -$297.2 million for Q1 2026.

• Net Cash Flow for Q1 2026 came in at -$297.2 million, down 336.14% year-over-year; the trailing twelve-month figure through Mar 2026 was $33.0 million (down 88.06% YoY), and the FY2025 annual result was $456.0 million, up 233.68% from the prior year.
• Net Cash Flow came in at -$297.2 million for Q1 2026 at D-Wave Quantum, down from -$200.8 million in the prior quarter.
• In the past five years, Net Cash Flow ranged from a high of $514.2 million in Q2 2025 to a low of -$297.2 million in Q1 2026.
• The 5-year median for Net Cash Flow is $1.9 million (2023), against an average of $19.3 million.
• Across the five-year window, Net Cash Flow slumped 823.48% in 2024 and jumped 3699.07% in 2025, its largest moves.
• D-Wave Quantum's Net Cash Flow stood at -$6.8 million in 2022, then sank by 75.8% to -$11.9 million in 2023, then jumped by 1346.16% to $148.6 million in 2024, then sank by 235.14% to -$200.8 million in 2025, then slumped by 47.97% to -$297.2 million in 2026.
• The last three Net Cash Flow figures came in at -$297.2 million (Q1 2026), -$200.8 million (Q4 2025), and $16.8 million (Q3 2025), per Business Quant data.