D-Wave Quantum (QBTS) Total Debt (2020 - 2026)
D-Wave Quantum's (QBTS) quarterly Total Debt came in at $35.0 million in Q2 2026, up 9.27% year-over-year from $32.1 million in Q2 2025, and down 1.49% quarter-over-quarter from $35.6 million in Q1 2026.
Analysis
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 $35.0 million for Q2 2026.
- In Q2 2026, Total Debt rose 9.27% year-over-year to $35.0 million; the TTM figure through Jun 2026 stood at $35.0 million (up 9.27% YoY), while the FY2025 annual figure was $36.0 million, up 17.99% from the prior year.
- Total Debt came in at $35.0 million for Q2 2026 at D-Wave Quantum, down from $35.6 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 $15.3 million in Q3 2022.
- Average Total Debt over 5 years is $42.2 million, with a median of $35.6 million recorded in 2026.
- Year-over-year, Total Debt soared 312.55% in 2023 and sank 52.57% in 2024.
- Over 5 years, Total Debt stood at $33.5 million in 2022, then surged by 92.07% to $64.2 million in 2023, then slumped by 52.57% to $30.5 million in 2024, then grew by 17.99% to $36.0 million in 2025, then dropped by 2.58% to $35.0 million in 2026.
- Per Business Quant data, the three most recent Total Debt figures were $35.0 million in Q2 2026, $35.6 million in Q1 2026, and $36.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (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 | 35.03 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | 78.41 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 | - | 19,398.98 |
| 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 | - | 3,224.14 Bn |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | 32.54 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.03 Mn |
| 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 | 33.45 Mn |
| Sep 30, 2022 | 15.28 Mn |
| Jun 30, 2022 | 55.61 Mn |
| Dec 31, 2021 | 30.71 Mn |
| Dec 31, 2020 | 1.96 Mn |