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
DateValue
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