D-Wave Quantum (QBTS) Receivables (2021 - 2026)
D-Wave Quantum's (QBTS) quarterly Receivables came in at $2.5 million in Q2 2026, up 20.4% year-over-year from $2.1 million in Q2 2025, and down 73.83% quarter-over-quarter from $9.5 million in Q1 2026.
Analysis
D-Wave Quantum (QBTS) Receivables (2021 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Receivables across 6 years of filings, most recently posting $2.5 million for Q2 2026.
- In Q2 2026, Receivables rose 20.4% year-over-year to $2.5 million; the TTM figure through Jun 2026 stood at $2.5 million (up 20.4% YoY), while the FY2025 annual figure was $2.2 million, up 9.12% from the prior year.
- Receivables came in at $2.5 million for Q2 2026 at D-Wave Quantum, down from $9.5 million in the prior quarter.
- In the past five years, Receivables ranged from a high of $9.5 million in Q1 2026 to a low of $815000.0 in Q4 2022.
- Average Receivables over 5 years is $2.3 million, with a median of $2.0 million recorded in 2024.
- Year-over-year, Receivables sank 30.14% in 2025 and jumped 473.08% in 2026.
- Over 5 years, Receivables stood at $815000.0 in 2022, then surged by 226.38% to $2.7 million in 2023, then fell by 25.83% to $2.0 million in 2024, then advanced by 9.12% to $2.2 million in 2025, then increased by 15.42% to $2.5 million in 2026.
- Per Business Quant data, the three most recent Receivables figures were $2.5 million in Q2 2026, $9.5 million in Q1 2026, and $2.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Receivables (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | 105.91 Mn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | 2.49 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | 4.36 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | 14.40 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | 8.89 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 | - | 3.30 Mn |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - | - |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | 4.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.49 Mn |
| Mar 31, 2026 | 9.50 Mn |
| Dec 31, 2025 | 2.15 Mn |
| Sep 30, 2025 | 2.64 Mn |
| Jun 30, 2025 | 2.06 Mn |
| Mar 31, 2025 | 1.66 Mn |
| Dec 31, 2024 | 1.97 Mn |
| Sep 30, 2024 | 2.05 Mn |
| Jun 30, 2024 | 2.21 Mn |
| Mar 31, 2024 | 2.37 Mn |
| Dec 31, 2023 | 2.66 Mn |
| Sep 30, 2023 | 1.13 Mn |
| Jun 30, 2023 | 1.68 Mn |
| Mar 31, 2023 | 1.14 Mn |
| Dec 31, 2022 | 815,000.00 |
| Sep 30, 2022 | 1.09 Mn |
| Jun 30, 2022 | 1.88 Mn |
| Dec 31, 2021 | 859,000.00 |