D-Wave Quantum (QBTS) Net Cash Flow (2021 - 2026)
D-Wave Quantum's Net Cash Flow came in at -$41.7 million for Q2 2026, compared with $514.2 million a year earlier.
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Analysis
D-Wave Quantum (QBTS) Net Cash Flow (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, D-Wave Quantum reported Net Cash Flow of -$522.88 million; for FY2025, it was $456.03 million, up 233.7% from FY2024.
- Net Cash Flow carries a five-year compound annual growth rate of 103.5% (FY2020 to FY2025).
- Going back by year, Net Cash Flow was $136.67 million in FY2024 (+297.8%), $34.36 million in FY2023, -$2.46 million in FY2022 and -$11.89 million in FY2021.
- The five-year range for quarterly Net Cash Flow is -$297.17 million (Q1 2026) to $514.2 million (Q2 2025).
- Business Quant data shows QBTS's Net Cash Flow at -$297.17 million (Q1 2026), -$200.84 million (Q4 2025) and $16.82 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | NCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | 154.00 Mn |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | 462.67 Mn |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 711.10 Mn |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | -375.13 Mn |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | 7.82 Mn |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | 4.00 Mn |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | - |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | 140.92 Mn |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | -31.77 Mn |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | -41.70 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -41.70 Mn |
| Mar 31, 2026 | -297.17 Mn |
| Dec 31, 2025 | -200.84 Mn |
| Sep 30, 2025 | 16.82 Mn |
| Jun 30, 2025 | 514.20 Mn |
| Mar 31, 2025 | 125.84 Mn |
| Dec 31, 2024 | 148.62 Mn |
| Sep 30, 2024 | -11.44 Mn |
| Jun 30, 2024 | 13.54 Mn |
| Mar 31, 2024 | -14.05 Mn |
| Dec 31, 2023 | -11.97 Mn |
| Sep 30, 2023 | 45.79 Mn |
| Jun 30, 2023 | -1.38 Mn |
| Mar 31, 2023 | 1.92 Mn |
| Dec 31, 2022 | -6.77 Mn |
| Sep 30, 2022 | 3.27 Mn |
| Jun 30, 2022 | -7.17 Mn |
| Mar 31, 2022 | 8.22 Mn |
| Dec 31, 2021 | 1.45 Mn |
| Sep 30, 2021 | -4.89 Mn |
API Access
D-Wave Quantum Net 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=net-cash-flow&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-cash-flow&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();