D-Wave Quantum Inc.

QBTS Technology Computer Hardware

D-Wave Quantum Inc.’s revenue for fiscal 2025 (year ended December 2025) was $24.6 million, up 178.5% from fiscal 2024.

Revenue
−0.61%
EPS
+76.4%
Free cash flow
−105.8%
Total debt
+9.27%

Quarter to June 2026, against a year earlier

10.69 1.64 +18.12%
Market cap
$3.4B
P/E
0.0×
Fwd P/E
−26.3×
Dividend yield
—
F-score
5/9
Altman Z
78.57
Beneish M
−2.93
Dividend safety
n/a

D-Wave Quantum Inc. (QBTS) Operating cash flow

Alert me on Operating cash flow

D-Wave Quantum Inc.'s operating cash flow for fiscal 2025 was −$72.0M, compared with −$42.6M in fiscal 2024. Over the twelve months to 30 June 2026 it was −$110.9M. Over the past ten years it has ranged from −$72.0M (fiscal 2025) to −$29.3M (fiscal 2020) — the current reading is the lowest in ten years. D-Wave Quantum Inc. ranks 39th of 42 Computer Hardware companies by operating cash flow.

Operating cash flow, annual

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Annual newest first

Period Operating cash flow Change
FY2025 −$72.0M —
FY2024 −$42.6M —
FY2023 −$60.6M —
FY2022 −$45.2M —
FY2021 −$34.8M —
FY2020 −$29.3M —

Quarterly newest first

Period Operating cash flow Change
Jun 2026 −$28.5M —
Mar 2026 −$45.0M —
Dec 2025 −$18.4M —
Sep 2025 −$19.0M —
19 more quarters

Against its own ten years

Low −$72.0M High −$29.3M
Ten-year median −$43.9M
Current reading's percentile 17

Operating cash flow against peers

What Operating cash flow is

Operating Cash Flow shows how much cash a company’s day-to-day business actually brings in, after paying suppliers, staff and taxes.

Reported line item

The full definition of Operating cash flow →

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