D-Wave Quantum (QBTS) Total Non-Current Liabilities (2021 - 2025)
D-Wave Quantum's (QBTS) quarterly Total Non-Current Liabilities came in at $63.6 million in Q4 2025, down 5.57% year-over-year from $67.3 million in Q4 2024, and up 17.1% quarter-over-quarter from $54.3 million in Q3 2025.
Analysis
D-Wave Quantum (QBTS) Total Non-Current Liabilities (2021 - 2025) Analysis & Trends
D-Wave Quantum has disclosed Total Non-Current Liabilities across 5 years of filings, most recently posting $63.6 million for Q4 2025.
- In Q4 2025, Total Non-Current Liabilities fell 5.57% year-over-year to $63.6 million; the TTM figure through Dec 2025 stood at $63.6 million (down 5.57% YoY), while the FY2025 annual figure was $63.6 million, down 5.57% from the prior year.
- Total Non-Current Liabilities came in at $63.6 million for Q4 2025 at D-Wave Quantum, up from $54.3 million in the prior quarter.
- In the past five years, Total Non-Current Liabilities ranged from a high of $83.3 million in Q3 2023 to a low of $32.4 million in Q3 2022.
- Average Total Non-Current Liabilities over 5 years is $63.1 million, with a median of $60.9 million recorded in 2025.
- Year-over-year, Total Non-Current Liabilities soared 157.0% in 2023 and slumped 35.68% in 2025.
- Over 5 years, Total Non-Current Liabilities stood at $47.8 million in 2021, then rose by 14.04% to $54.5 million in 2022, then surged by 50.79% to $82.2 million in 2023, then dropped by 18.09% to $67.3 million in 2024, then declined by 5.57% to $63.6 million in 2025.
- Per Business Quant data, the three most recent Total Non-Current Liabilities figures were $63.6 million in Q4 2025, $54.3 million in Q3 2025, and $58.3 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Non-Current Liabilities (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | 386.61 Mn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | - |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | 35.25 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | 40.87 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | - |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | 3.43 Mn |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - | 5.50 Mn |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - | 1.14 Mn |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - | -76,778.49 Bn |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | 70.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 63.58 Mn |
| Sep 30, 2025 | 54.30 Mn |
| Jun 30, 2025 | 58.31 Mn |
| Mar 31, 2025 | 52.28 Mn |
| Dec 31, 2024 | 67.33 Mn |
| Sep 30, 2024 | 64.87 Mn |
| Jun 30, 2024 | 81.24 Mn |
| Mar 31, 2024 | 81.28 Mn |
| Dec 31, 2023 | 82.21 Mn |
| Sep 30, 2023 | 83.33 Mn |
| Jun 30, 2023 | 73.04 Mn |
| Mar 31, 2023 | 56.87 Mn |
| Dec 31, 2022 | 54.52 Mn |
| Sep 30, 2022 | 32.42 Mn |
| Jun 30, 2022 | 55.78 Mn |
| Dec 31, 2021 | 47.81 Mn |