What is D-Wave Quantum's net change in cash?

D-Wave Quantum (QBTS) reported net change in cash of -$297.15M in Q1 2026.

How has D-Wave Quantum's net change in cash changed year-over-year?

D-Wave Quantum's net change in cash decreased by 335.2% year-over-year, from $126.34M to -$297.15M.

What does net change in cash mean?

Total increase or decrease in cash during the period — the sum of operating, investing, financing cash flows plus FX effects.

D-Wave Quantum QBTS Net Change in Cash

Net Change in Cash at other companies

International Business MachinesIBM

-$2.78B+7.4%

IonQIONQ

-$536.4M-608%

Alphabet Inc.GOOGL

——

Rigetti Computing, Inc.RGTI

——

Other financials

Income statement

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Revenue$2.9M-80.9%

Gross profit$1.8M-86.9%

Operating income-$54.7M-385%

Net income-$18.4M-239%

EPS (diluted)-$0.05-150%

Balance sheet

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Cash & equivalents$338.2M+11.1%

Total debt$46.7M+22.5%

Total equity$1.1B+442%

Total assets$1.2B+268%

Cash flow

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Operating cash flow-$45.0M-133%

CapEx$1.1M+147%

Free cash flow-$46.0M-134%

Valuation

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Market cap$9.15B+141%

Enterprise value$8.85B+159%

P/S735×+557×

Profitability

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Gross margin66.3%-17.0pp

Operating margin-1,155.6%-1,938pp

Net margin-2,957.2%-4,019pp

FCF margin-821%-1,451pp

Returns & leverage

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Return on equity-55.3%—

Debt / equity0×-0.1×

Current ratio21.4×+0.7×

Where this comes from

Reported directly by D-Wave Quantum in its filing.

Tagged under the XBRL concept us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect.

The official record: D-Wave Quantum’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is D-Wave Quantum's net change in cash?: D-Wave Quantum (QBTS) reported net change in cash of -$297.15M in Q1 2026.
How has D-Wave Quantum's net change in cash changed year-over-year?: D-Wave Quantum's net change in cash decreased by 335.2% year-over-year, from $126.34M to -$297.15M.
What does net change in cash mean?: Total increase or decrease in cash during the period — the sum of operating, investing, financing cash flows plus FX effects.