D-Wave Quantum (QBTS) Total Debt (2020 - 2026)
D-Wave Quantum (QBTS) reported Total Debt of $35.03 million for Q2 2026, up 9.3% from $32.06 million a year earlier but down 1.5% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Total Debt (2020 - 2026) Analysis & Trends
At the end of FY2025, D-Wave Quantum posted Total Debt of $35.96 million, up 18.0% from FY2024.
- Total Debt has a five-year compound annual growth rate of 78.9% (FY2020 to FY2025).
- By year, Total Debt came in at $30.48 million in FY2024 (-52.6%), $64.25 million in FY2023 (+92.1%), $33.45 million in FY2022 (+8.9%) and $30.71 million in FY2021.
- Five-year quarterly Total Debt spans a low of $15.28 million in Q3 2022 and a high of $64.25 million in Q4 2023.
- Year over year, Total Debt has now increased in each of the last three quarters, with an average decline of 21.0% over the last eight quarters.
- The high point for year-over-year Total Debt in five years was Q3 2023 (growth of 312.5%); the low point was Q4 2024 (a decline of 52.6%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $35.56 million (Q1 2026), $35.96 million (Q4 2025) and $32.2 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (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 | 746.22 Mn |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 496.90 Mn |
| 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 | 1.73 Bn |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | - |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | 35.03 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 | 34.26 Mn |
| Dec 31, 2021 | 30.71 Mn |
| Dec 31, 2020 | 1.96 Mn |
API Access
D-Wave Quantum Total Debt 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=total-debt&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "total-debt", "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=total-debt&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();