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

D-Wave Quantum has reported Net Cash Flow for 6 years, with the latest figure 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.
• Over five years, Net Cash Flow peaked at $514.2 million in Q2 2025 and troughed at -$297.2 million in Q1 2026.
• A 5-year average of $19.3 million and a median of $1.9 million in 2023 frame the typical range for Net Cash Flow.
• The sharpest annual moves came in 2024 and 2025: Net Cash Flow sank 833.3% in 2024, then soared 3699.07% in 2025.
• Over 5 years, Net Cash Flow stood at -$6.8 million in 2022, then sank by 75.8% to -$11.9 million in 2023, then soared 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.
• According to Business Quant data, Net Cash Flow over the past three periods registered -$297.2 million, -$200.8 million, and $16.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.