What are D-Wave Quantum's total assets?

D-Wave Quantum (QBTS) holds $1.2B in total assets, up 268.5% year over year.

How much debt does D-Wave Quantum have?

D-Wave Quantum carries $46.7M in total debt against $1.1B of shareholders' equity, a debt-to-equity ratio of 0.04.

How much cash does D-Wave Quantum have?

D-Wave Quantum holds $338.2M in cash and equivalents.

Can D-Wave Quantum cover its short-term obligations?

Its current ratio is 21.41 — current assets exceed current liabilities.

Where does D-Wave Quantum's balance sheet data come from?

Every line is extracted from D-Wave Quantum's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

D-Wave Quantum QBTS Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Cash and cash equivalents	$338.2M+11.1%	$635.35M+257%	$836.23M+2,757%	$819.31M+1,905%	$304.32M+1,015%
Short-term investments	——	——	——	——	——
Accounts receivable, net	$13.87M+152%	$6M-2.9%	$5.84M-9.0%	$5.37M-6.2%	$5.49M+10.9%
Inventories	$10.97M+47.9%	$9.76M+25.2%	$8.67M+5.9%	$7.74M-9.2%	$7.42M-15.0%
Raw materials	$2.92M+72.7%	$2.75M+63.7%	$2.81M+49.2%	$2.45M—	$1.69M—
Work in process	$0-100%	$30K+233%	$17K0.0%	$2K—	$14K—
Prepaid expenses and other current assets	$26.76M+113%	$23.67M+109%	$20.24M+116%	$15.53M+76.6%	$12.55M+45.1%
Contract assets	$585K-4.1%	$566K+2.4%	$715K+21.4%	$622K—	$610K—
Total current assets	$607.11M+95.3%	$896.23M+384%	$848.14M+2,318%	$828.54M+1,666%	$310.87M+823%
Property and equipment, net	$15.07M+277%	$7.84M+89.7%	$5.61M+64.3%	$4.5M+40.2%	$4M+37.5%
Accumulated depreciation	$20.66M-16.7%	$25.86M+3.4%	$25.44M+2.9%	$25.12M+2.6%	$24.82M+2.4%
Operating lease right-of-use assets	$10.33M+45.8%	$6.52M-10.2%	$6.72M-12.1%	$6.92M-8.8%	$7.08M-10.1%
Goodwill	——	——	——	——	——
Intangible assets, net	$215.28M+40,442%	$915K+86.7%	$803K+84.2%	$586K+43.6%	$531K+75.8%
Other non-current assets	$4.19M+1,048%	$940K-67.9%	$163K-18.5%	$287K+431%	$365K+730%
Equity method investments	$4.23M+64.4%	$2.39M-7.1%	$3.4M+32.1%	$2.57M+7.4%	$2.57M0.0%
Total assets	$1.2B+268%	$915.81M+358%	$865.82M+1,647%	$843.6M+1,265%	$325.6M+570%
Accounts payable	$1.71M+67.2%	$950K+16.6%	$992K+42.5%	$1.19M+1.9%	$1.02M-1.5%
Accrued expenses	$8.8M+269%	$10.35M+17.8%	$6.17M+58.3%	$7.31M+189%	$2.39M+14.8%
Deferred revenue	$9.5M+71.1%	$2.78M-85.1%	$3.39M+16.5%	$4.91M+89.4%	$5.55M+178%
Operating lease liabilities, current	$1.55M+1.9%	$1.45M-4.2%	$1.49M-5.6%	$1.6M+7.9%	$1.53M+5.3%
Contract liabilities	$2.08M+197%	$560K-16.4%	$629K+1,004%	$654K+1,882%	$700K+75.4%
Accrued interest	$1.74M—	——	——	——	——
Total current liabilities	$28.36M+89.1%	$21.15M-29.8%	$15.51M-39.9%	$19.27M-55.1%	$15M+38.1%
Long-term debt	$35.42M+16.6%	$35.83M+18.9%	$32.05M+0.1%	$32.06M+1.9%	$30.37M-51.8%
Operating lease liabilities, non-current	$9.7M+56.2%	$6.05M-5.3%	$6.1M-12.4%	$6.32M-7.2%	$6.21M-11.0%
Operating Lease Liabilities (Total)	——	——	——	——	——
Total liabilities	$75.56M-36.1%	$63.58M-53.7%	$195.27M+194%	$149.35M+79.2%	$118.21M+38.2%
Common stock	675M0.0%	675M+2,499,900%	675M0.0%	675M0.0%	675M0.0%
Additional paid-in capital	$2.13B+151%	$1.84B+163%	$1.62B+203%	$1.5B+196%	$849.73M+79.3%
Retained earnings	-$1B-58.2%	-$982M-56.6%	-$939.68M-73.7%	-$799.69M-54.3%	-$632.36M-26.4%
Accumulated other comprehensive income (loss)	-$9.16M+8.5%	-$9.02M+14.2%	-$9.13M+13.9%	-$9.23M+11.7%	-$10.01M+4.4%
Total stockholders' equity	$1.12B+442%	$852.23M+1,260%	$670.55M+4,064%	$694.25M+3,327%	$207.39M+661%
Total liabilities and stockholders' equity	$1.2B+268%	$915.81M+358%	$865.82M+1,647%	$843.6M+1,265%	$325.6M+570%
Available-for-Sale Debt Securities	——	——	——	——	——
Allowance for Doubtful Accounts	$1K-98.9%	$176K—	$1K—	$1K—	$94K—
Allowance for Doubtful Accounts Receivable (Current)	$1K-98.9%	$176K—	$1K—	$1K—	$94K—
Debt securities - current	——	——	——	——	——
Short- term Investments	——	——	——	——	——
Deferred Tax Assets and Other Non-Current Assets	$9.44M+203%	$4.31M+47.0%	$4.55M+52.4%	$3.06M-17.5%	$3.12M-18.5%
Deposits on Licenses	$279K+53.3%	$251K+38.7%	$242K+12.6%	$196K—	$182K—
Finite-Lived Intangible Assets - Expected Amortization Expense (Year One)	——	——	——	——	——
Finite Lived Intangible Assets - Gross	——	——	——	——	——
Net Investment in Lease	$10.33M+45.8%	$6.52M-10.2%	$6.72M-12.1%	$6.92M-8.8%	$7.08M-10.1%
Deferred costs	$4.19M+1,048%	$940K+440%	$163K-18.5%	$287K—	$365K—
Intangible assets — net	——	——	——	——	——
Other intangible assets—net	$215.28M+40,442%	$915K+86.7%	$803K+84.2%	$586K+43.6%	$531K+75.8%
Investments	$4.23M+64.4%	$2.39M-7.1%	$3.4M+32.1%	$2.57M—	$2.57M—
Operating lease right-of-use assets	$10.33M+45.8%	$6.52M-10.2%	$6.72M-12.1%	$6.92M-8.8%	$7.08M-10.1%
Other non-current assets	$9.44M+203%	$4.31M+47.0%	$4.55M+52.4%	$3.06M-17.5%	$3.12M-18.5%
Property, plant and equipment at cost	$35.73M+24.0%	$33.7M+15.7%	$31.05M+10.3%	$29.63M+7.0%	$28.82M+6.2%
Operating Lease Right-of-Use Assets in Other Assets	$10.33M+45.8%	$6.52M-10.2%	$6.72M-12.1%	$6.92M-8.8%	$7.08M-10.1%
Software and Technology Licenses, Net	$9.44M+203%	$4.31M+47.0%	$4.55M+52.4%	$3.06M-17.5%	$3.12M-18.5%
Accrued Manufacturing Costs	$8.8M+269%	$10.35M+88.2%	$6.17M+58.3%	$7.31M+189%	$2.39M+14.8%
Accrued Progress Collections and Price Adjustments	$2.08M+197%	$560K-16.4%	$629K+1,004%	$654K+1,882%	$700K+75.4%
Other Commercial Liabilities	$15.46M+136%	$15.84M+80.3%	$9.5M+44.5%	$11.58M+130%	$6.56M+9.1%
Accrued Liabilities, Current	$15.46M+136%	$15.84M+80.3%	$9.5M+44.5%	$11.58M+130%	$6.56M+9.1%
Compensation and benefits	$8.8M+269%	$10.35M+88.2%	$6.17M+58.3%	$7.31M+189%	$2.39M+14.8%
Other Long Term Debt Current	$140K-59.8%	$134K-61.5%	$144K-99.0%	$0—	$348K—
Professional Service Fees Payable	$2.84M+49.0%	$4.09M+672%	$883K+50.9%	$1.49M+199%	$1.91M+34.3%
Total Liabilities Assumed in Business Combination	——	——	——	——	——
Contract Liabilities, Non-Current	$2.08M+197%	$560K-16.4%	$629K+1,004%	$654K+1,882%	$700K+75.4%
Deferred revenue, net of current portion	$2.08M+197%	$560K-16.4%	$629K+1,004%	$654K+1,882%	$700K+75.4%
Total debt	$46.68M+22.5%	$43.32M+13.9%	$39.65M-2.3%	$39.98M+0.6%	$38.11M-46.7%
Common Stock Par Value Per Share	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%	$0.000.0%
Common Stock Shares Issued	370M+27.0%	358.7M+34.6%	346M+66.4%	339.8M+82.6%	291.4M+80.2%
Common Stock Shares Outstanding	$51.5M-23.0%	$87.51M+16.3%	$140.02M+15,510%	$87.86M+3,227%	$66.89M+426%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$37K+27.6%	$35K+29.6%	$34K+70.0%	$33K+83.3%	$29K+81.3%
Number of Exercisable Options	——	——	——	——	——
Share-Based Payment Award Options Outstanding - Number	4.1M-62.2%	3.6M-67.2%	6.1M-52.9%	6.8M-52.0%	11M-23.2%
Share-Based Payment - Unrecognized Cost of Nonvested Awards	——	——	——	——	——
Warrants and Rights Outstanding	——	——	——	——	——
Weighted Average Exercise Price of Outstanding Options	$2.00+19.8%	$1.90+13.8%	$1.64+2.5%	$1.67+1.8%	$1.67+7.1%
Cumulative Cost Basis	$35.73M+24.0%	$33.7M+15.7%	$31.05M+10.3%	$29.63M+7.0%	$28.82M+6.2%
Deferred Revenue Timing Percentage	——	——	——	——	——
Trade accounts receivable, net of allowance for credit losses and excluding unbilled receivables	$8.33M+1,805%	$1.02M+17.8%	$1.21M+39.8%	$820K-11.4%	$437K—
Professional service fees	$2.84M+49.0%	$4.09M+672%	$883K+50.9%	$1.49M+199%	$1.91M+34.3%
Accounts Receivable, Allowance for Credit Loss	$1K-98.9%	$176K—	$1K—	$1K—	$94K—
Conversion ratio	——	——	——	——	——
Warrants, exercise price, prior to exchange ratio (in usd per share)	——	——	——	——	——
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1	——	——	——	——	——
Class Of Warrant Or Right Number Of Securities Called By Each Warrant Or Right	——	——	——	——	——
Class Of Warrant Or Right, Redeemed	——	——	——	——	——
Warrants redemption price (in usd per share)	——	——	——	——	——
Cloud service, availability and uptime percentage	——	——	——	——	——
Common stock, par value (in dollars per share)	$00.0%	$00.0%	$00.0%	$00.0%	$00.0%
Common stock, shares authorized (in shares)	$675M0.0%	$675M0.0%	$675M0.0%	$675M0.0%	$675M0.0%
Common stock, shares issued (in shares)	$370.04M+27.0%	$358.74M+34.6%	$345.97M+66.4%	$339.84M+82.6%	$291.35M+80.2%
Common Stock, Shares, Outstanding	$370.04M+27.0%	$358.74M+34.6%	$345.97M+66.4%	$339.84M+82.6%	$291.35M+80.2%
Contract With Customer, Assets And Deposit	$13.1M+828%	$2.53M—	$2.09M—	$1.73M—	$1.41M—
Contract with Customer, Liability	$11.58M+85.2%	$3.34M-82.8%	$4.02M+35.4%	$5.56M+112%	$6.25M+161%
Contract With Customer, Liability And Deposit	$11.58M+83.6%	$3.34M-82.8%	$4.02M+33.4%	$5.56M+108%	$6.31M+158%
Deferred Finance Costs Noncurrent Net	——	——	——	——	——
Unrecognized compensation cost related to non-vested awards	——	——	——	——	——
Thereafter	——	——	——	——	——
Finite-Lived Intangible Assets, Accumulated Amortization	——	——	——	——	——
2028	——	——	——	——	——
2030	——	——	——	——	——
Remainder of 2026	——	——	——	——	——
2027	——	——	——	——	——
2029	——	——	——	——	——
Gross Carrying Amount	——	——	——	——	——
Weighted-average cash coupon (percentage)	——	——	——	——	——
Loans receivable initial basis spread on variable rate (as a percent)	——	——	——	——	——
Long-Lived Assets	$25.4M—	$14.36M—	$12.32M—	——	——
Number of leased operating facilities	——	——	——	——	——
Number of customers	——	——	2—	5—	3—
Other accrued liabilities	$3.82M+68.8%	$1.4M-49.1%	$2.45M+16.9%	$2.79M+38.8%	$2.26M-9.8%
Prepaid Insurance	$543K-12.8%	$421K+10.2%	$375K+6.2%	$458K+10.6%	$623K+16.0%
Prepaid rent	$392K+151%	$182K+16.7%	$150K+11.1%	$108K-19.4%	$156K+5.4%
Prepaid services	$1.83M+54.0%	$1.34M+37.1%	$1.42M+168%	$2.06M+158%	$1.19M+61.7%
Prepaid software	$1.21M+95.8%	$1.55M+83.4%	$1.34M+41.9%	$928K+49.4%	$620K+5.4%
Exchange ratio	——	——	——	——	——
Remaining performance obligations related to customer contracts that are unsatisfied or partially unsatisfied	——	——	——	——	——
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number	——	——	——	——	——
Unvested	——	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	$4.14M-62.2%	$3.61M-67.2%	$6.07M-52.9%	$6.78M-52.0%	$10.95M-23.2%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$2+19.8%	$1.9+13.8%	$1.64+2.5%	$1.67+1.8%	$1.67+7.1%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value	$51.5M-23.0%	$87.51M+16.3%	$140.02M+15,510%	$87.86M+3,227%	$66.89M+426%
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price	——	——	——	——	——
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares	——	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Option, Nonvested, Weighted Average Exercise Price	——	——	——	——	——
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Intrinsic Value	——	——	——	——	——
Remainder of Fiscal Year 2024	——	——	——	——	——
Remainder of Fiscal Year 2025	——	——	——	——	——

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Questions, answered.

What are D-Wave Quantum's total assets?: D-Wave Quantum (QBTS) holds $1.2B in total assets, up 268.5% year over year.
How much debt does D-Wave Quantum have?: D-Wave Quantum carries $46.7M in total debt against $1.1B of shareholders' equity, a debt-to-equity ratio of 0.04.
How much cash does D-Wave Quantum have?: D-Wave Quantum holds $338.2M in cash and equivalents.
Can D-Wave Quantum cover its short-term obligations?: Its current ratio is 21.41 — current assets exceed current liabilities.
Where does D-Wave Quantum's balance sheet data come from?: Every line is extracted from D-Wave Quantum's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.