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D-Wave Quantum QBTS Operating Cash Flow

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Other financials

Income statement

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Revenue$3.1M-0.6%
Gross profit$1.7M-13.8%
Operating income-$53.3M-101%
Net income-$48.0M+71.3%
EPS (diluted)-$0.13+76.4%

Balance sheet

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Cash & equivalents$296.6M-63.8%
Total debt$48.0M+20.0%
Total equity$1.1B+56.0%
Total assets$1.2B+37.3%

Cash flow

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CapEx$4.4M+493%
Free cash flow-$32.9M-105%

Valuation

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Market cap$7.92B+44.2%
Enterprise value$7.68B+62.8%
P/S637.7×+391×

Profitability

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Gross margin64.2%-18.3pp
Operating margin-1,372.9%-2,100pp
Net margin-2,001.6%+2,806pp
FCF margin-958.4%-1,451pp

Returns & leverage

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Return on equity-28%
Debt / equity0.0×
Current ratio20.5×-22.4×

Where this comes from

Reported directly by D-Wave Quantum in its filing.

Tagged under the XBRL concept us-gaap:NetCashProvidedByUsedInOperatingActivities.

The source filing: D-Wave Quantum’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001907982-26-000129
(in thousands)Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Deferred revenue7,218(13,796)
Operating lease liability(332)(344)
Other non-current assets, net(3,134)(1,080)
Net cash used in operating activities(73,463)(34,565)
Cash flows from investing activities:
Acquisition of business, net of cash acquired(252,821)
Purchase of property and equipment(5,521)(1,187)
Purchases of marketable debt securities(149,117)

Item 1. D-Wave Quantum Inc. Financial Statements (Unaudited)

FAQ

What is D-Wave Quantum's operating cash flow?
D-Wave Quantum (QBTS) reported operating cash flow of -$28.5M in Q2 2026.
How has D-Wave Quantum's operating cash flow changed year-over-year?
D-Wave Quantum's operating cash flow decreased by 86.5% year-over-year, from -$15.29M to -$28.5M.
What is the long-term trend for D-Wave Quantum's operating cash flow?
Over 3 years (2022 to 2025), D-Wave Quantum's operating cash flow has grown at a 16.8% compound annual growth rate (CAGR), from -$45.23M to -$71.98M.
What does operating cash flow mean?
Total cash generated by or used in core business operations — the single most important cash flow metric for assessing business health.

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