D-Wave Quantum (QBTS) Net Long-Term Debt Issued (Repaid) (2021 - 2026)
D-Wave Quantum (QBTS) reported Non-Current Debt of $34.89 million for Q2 2026, up 8.8% from $32.06 million a year earlier but down 1.5% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Net Long-Term Debt Issued (Repaid) (2021 - 2026) Analysis & Trends
At the end of FY2025, D-Wave Quantum posted Non-Current Debt of $35.83 million, up 18.9% from FY2024.
- Non-Current Debt has a five-year compound annual growth rate of 86.0% (FY2020 to FY2025).
- By year, Non-Current Debt came in at $30.13 million in FY2024 (-52.8%), $63.85 million in FY2023 (+104.9%), $31.17 million in FY2022 (+2.8%) and $30.31 million in FY2021.
- Five-year quarterly Non-Current Debt spans a low of $12.63 million in Q3 2022 and a high of $63.85 million in Q4 2023.
- Year over year, Non-Current Debt has now increased in each of the last five quarters, with an average decline of 7.6% over the last eight quarters.
- The high point for year-over-year Non-Current Debt in five years was Q3 2023 (growth of 160.0%); the low point was Q4 2024 (a decline of 52.8%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $35.42 million (Q1 2026), $35.83 million (Q4 2025) and $32.05 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net LT Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 296.28 Bn | 281.35 Bn | 2.30 Bn | -160.00 Mn |
| 2 | CrowdStrike Holdings | 271.34 Bn | 251.74 Bn | 1.10 Bn | - |
| 3 | Fortinet | 128.85 Bn | 114.78 Bn | 1.64 Bn | - |
| 4 | Snowflake | 118.50 Bn | 105.81 Bn | 1.04 Bn | - |
| 5 | Datadog | 99.17 Bn | 80.81 Bn | 881.34 Mn | - |
| 6 | Zscaler | 40.98 Bn | 27.10 Bn | - | - |
| 7 | Okta | 38.84 Bn | 28.94 Bn | 641.00 Mn | - |
| 8 | Axon Enterprise | 34.08 Bn | 28.60 Bn | 546.45 Mn | - |
| 9 | MongoDB | 31.72 Bn | 22.18 Bn | 569.77 Mn | -1.79 Mn |
| 10 | D-Wave Quantum | 4.32 Bn | 1.46 Bn | 1.70 Mn | -35,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -35,000.00 |
| Mar 31, 2026 | -34,000.00 |
| Dec 31, 2025 | -43,000.00 |
| Jun 30, 2025 | -365,000.00 |
| Dec 31, 2024 | -13.60 Mn |
| Sep 30, 2024 | -16.40 Mn |
| Jun 30, 2024 | -370,000.00 |
| Dec 31, 2023 | -1.87 Mn |
| Sep 30, 2023 | 16.10 Mn |
| Jun 30, 2023 | 13.40 Mn |
| Mar 31, 2023 | -881,000.00 |
| Dec 31, 2022 | -1.80 Mn |
| Sep 30, 2022 | -19.16 Mn |
| Jun 30, 2022 | 4.76 Mn |
| Mar 31, 2022 | 14.69 Mn |
| Dec 31, 2021 | 103,000.00 |
API Access
D-Wave Quantum Net Long-Term Debt Issued (Repaid) 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=non-current-debt&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "non-current-debt", "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=non-current-debt&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();