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
DateValue
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