D-Wave Quantum (QBTS) Total Debt (2020 - 2026)
D-Wave Quantum's (QBTS) quarterly Total Debt came in at $35.6 million in Q1 2026, up 15.78% year-on-year from $30.7 million in Q1 2025, and down 1.1% quarter-over-quarter from $36.0 million in Q4 2025.
D-Wave Quantum (QBTS) Total Debt (2020 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Total Debt across 7 years of filings, most recently posting $35.6 million for Q1 2026.
- Total Debt for Q1 2026 came in at $35.6 million, up 15.78% year-over-year; the trailing twelve-month figure through Mar 2026 was $35.6 million (up 15.78% YoY), and the FY2025 annual result was $36.0 million, up 17.99% from the prior year.
- Total Debt came in at $35.6 million for Q1 2026 at D-Wave Quantum, down from $36.0 million in the prior quarter.
- In the past five years, Total Debt ranged from a high of $64.2 million in Q4 2023 to a low of $12.7 million in Q3 2022.
- The 5-year median for Total Debt is $34.9 million (2022), against an average of $41.1 million.
- Across the five-year window, Total Debt surged 398.02% in 2023 and slumped 52.57% in 2024, its largest moves.
- D-Wave Quantum's Total Debt stood at $33.0 million in 2022, then surged by 94.51% to $64.2 million in 2023, then plunged by 52.57% to $30.5 million in 2024, then grew by 17.99% to $36.0 million in 2025, then retreated by 1.1% to $35.6 million in 2026.
- The last three Total Debt figures came in at $35.6 million (Q1 2026), $36.0 million (Q4 2025), and $32.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | 31.50 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 | 3.86 Bn |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 1.58 Bn |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 30.00 Mn |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | - |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 9.67 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 | 35.56 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 35.56 Mn |
| Dec 31, 2025 | 35.96 Mn |
| Sep 30, 2025 | 32.20 Mn |
| Jun 30, 2025 | 32.06 Mn |
| Mar 31, 2025 | 30.72 Mn |
| Dec 31, 2024 | 30.48 Mn |
| Sep 30, 2024 | 46.08 Mn |
| Jun 30, 2024 | 64.12 Mn |
| Mar 31, 2024 | 63.41 Mn |
| Dec 31, 2023 | 64.25 Mn |
| Sep 30, 2023 | 63.03 Mn |
| Jun 30, 2023 | 48.02 Mn |
| Mar 31, 2023 | 32.40 Mn |
| Dec 31, 2022 | 33.03 Mn |
| Sep 30, 2022 | 12.66 Mn |
| Jun 30, 2022 | 34.26 Mn |
| Dec 31, 2021 | 30.71 Mn |
| Dec 31, 2020 | 1.96 Mn |