D-Wave Quantum (QBTS) Operating Leases (2021 - 2026)
D-Wave Quantum's (QBTS) quarterly Operating Leases came in at $11.8 million in Q2 2026, up 87.06% year-over-year from $6.3 million in Q2 2025, and up 21.88% quarter-over-quarter from $9.7 million in Q1 2026.
Analysis
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 $11.8 million for Q2 2026.
- In Q2 2026, Operating Leases rose 87.06% year-over-year to $11.8 million; the TTM figure through Jun 2026 stood at $11.8 million (up 87.06% YoY), while the FY2025 annual figure was $6.0 million, down 5.31% from the prior year.
- Operating Leases came in at $11.8 million for Q2 2026 at D-Wave Quantum, up from $9.7 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $11.8 million in Q2 2026 to a low of $6.0 million in Q4 2025.
- Average Operating Leases over 5 years is $7.2 million, with a median of $6.9 million recorded in 2023.
- Year-over-year, Operating Leases fell 12.42% in 2025 and surged 87.06% in 2026.
- Over 5 years, 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 95.47% to $11.8 million in 2026.
- Per Business Quant data, the three most recent Operating Leases figures were $11.8 million in Q2 2026, $9.7 million in Q1 2026, and $6.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.83 Mn |
| 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 |