D-Wave Quantum (QBTS) Operating Leases (2021 - 2026)
D-Wave Quantum's Operating Leases was $11.83 million in Q2 2026, up 87.1% from $6.32 million a year earlier and up 21.9% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Operating Leases (2021 - 2026) Analysis & Trends
At the end of FY2025, Operating Leases at D-Wave Quantum came in at $6.05 million, down 5.3% from FY2024.
- Operating Leases has now declined for three consecutive years, with a four-year compound annual growth rate of -3.5% (FY2021 to FY2025).
- In earlier years, Operating Leases was $6.39 million in FY2024 (-9.1%), $7.03 million in FY2023 (-3.7%), $7.3 million in FY2022 (+4.4%) and $6.99 million in FY2021.
- The Q2 2026 figure marks the highest quarterly Operating Leases in data going back to Q4 2021.
- Compared with a year earlier, Operating Leases was higher in three of the last eight quarters, with growth averaging 12.4%.
- The best year-over-year quarter for Operating Leases over five years was Q2 2026 (growth of 87.1%); the worst was Q3 2025 (a decline of 12.4%).
- Per Business Quant data, QBTS's Operating Leases in the three quarters before Q2 2026 was $9.7 million (Q1 2026), $6.05 million (Q4 2025) and $6.1 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 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 |
API Access
D-Wave Quantum Operating Leases 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=operating-leases&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();