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D-Wave Quantum (QBTS) Net Cash Flow (2021 - 2025)

D-Wave Quantum's Net Cash Flow history spans 5 years, with the latest figure at -$200.8 million for Q4 2025.

  • For Q4 2025, Net Cash Flow fell 235.14% year-over-year to -$200.8 million; the TTM value through Dec 2025 reached $456.0 million, up 233.68%, while the annual FY2025 figure was $456.0 million, 233.68% up from the prior year.
  • Net Cash Flow for Q4 2025 was -$200.8 million at D-Wave Quantum, down from $16.8 million in the prior quarter.
  • Across five years, Net Cash Flow topped out at $514.2 million in Q2 2025 and bottomed at -$200.8 million in Q4 2025.
  • The 5-year median for Net Cash Flow is $1.7 million (2021), against an average of $34.4 million.
  • The largest annual shift saw Net Cash Flow tumbled 833.3% in 2024 before it surged 3699.07% in 2025.
  • A 5-year view of Net Cash Flow shows it stood at $1.4 million in 2021, then plummeted by 566.46% to -$6.7 million in 2022, then tumbled by 76.81% to -$11.9 million in 2023, then surged by 1346.16% to $148.6 million in 2024, then plummeted by 235.14% to -$200.8 million in 2025.
  • Per Business Quant, the three most recent readings for QBTS's Net Cash Flow are -$200.8 million (Q4 2025), $16.8 million (Q3 2025), and $514.2 million (Q2 2025).