D-Wave Quantum (QBTS) Operating Leases (2021 - 2026)
D-Wave Quantum's (QBTS) quarterly Operating Leases came in at $9.7 million in Q1 2026, up 56.17% year-on-year from $6.2 million in Q1 2025, and up 60.38% quarter-over-quarter from $6.0 million in Q4 2025.
D-Wave Quantum (QBTS) Operating Leases (2021 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Operating Leases across 6 years of filings, most recently posting $9.7 million for Q1 2026.
- Operating Leases for Q1 2026 came in at $9.7 million, up 56.17% year-over-year; the trailing twelve-month figure through Mar 2026 was $9.7 million (up 56.17% YoY), and the FY2025 annual result was $6.0 million, down 5.31% from the prior year.
- Operating Leases came in at $9.7 million for Q1 2026 at D-Wave Quantum, up from $6.0 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $9.7 million in Q1 2026 to a low of $6.0 million in Q4 2025.
- The 5-year median for Operating Leases is $6.8 million (2023), against an average of $6.9 million.
- Across the five-year window, Operating Leases declined 12.42% in 2025 and surged 56.17% in 2026, its largest moves.
- D-Wave Quantum's Operating Leases stood at $7.3 million in 2022, then slipped by 3.74% to $7.0 million in 2023, then retreated by 9.09% to $6.4 million in 2024, then dropped by 5.31% to $6.0 million in 2025, then soared by 60.38% to $9.7 million in 2026.
- The last three Operating Leases figures came in at $9.7 million (Q1 2026), $6.0 million (Q4 2025), and $6.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn |
| 10 | D-Wave Quantum | 8.82 Bn | 8.82 Bn | 1.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 9.70 Mn |
| Dec 31, 2025 | 6.05 Mn |
| Sep 30, 2025 | 6.10 Mn |
| Jun 30, 2025 | 6.32 Mn |
| Mar 31, 2025 | 6.21 Mn |
| Dec 31, 2024 | 6.39 Mn |
| Sep 30, 2024 | 6.97 Mn |
| Jun 30, 2024 | 6.81 Mn |
| Mar 31, 2024 | 6.98 Mn |
| Dec 31, 2023 | 7.03 Mn |
| Sep 30, 2023 | 6.88 Mn |
| Jun 30, 2023 | 7.16 Mn |
| Mar 31, 2023 | 7.17 Mn |
| Dec 31, 2022 | 7.30 Mn |
| Sep 30, 2022 | 6.21 Mn |
| Jun 30, 2022 | 6.56 Mn |
| Dec 31, 2021 | 6.99 Mn |