What is D-Wave Quantum's non-cash lease expense?

D-Wave Quantum (QBTS) reported non-cash lease expense of $347K in Q1 2026.

How has D-Wave Quantum's non-cash lease expense changed year-over-year?

D-Wave Quantum's non-cash lease expense increased by 96.0% year-over-year, from $177K to $347K.

What is the long-term trend for D-Wave Quantum's non-cash lease expense?

Over 3 years (2022 to 2025), D-Wave Quantum's non-cash lease expense has grown at a -6.5% compound annual growth rate (CAGR), from $910K to $743K.

What does non-cash lease expense mean?

Non-cash portion of operating lease cost — the difference between straight-line lease expense and actual cash rent payments.

D-Wave Quantum QBTS Non-Cash Lease Expense

Non-Cash Lease Expense at other companies

Krystal Biotech, Inc.KRYS

$204K-8.9%

D-Wave QuantumQBTS

$347K+96.0%

Praxis Precision Medicines, Inc.PRAX

$197K-20.9%

Hut 8 Mining Corp.HUT

$679K+11.5%

Cipher Digital, Inc. CIFR

$592K+60.4%

FactSet Research SystemsFDS

$8.19M+7.7%

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

See full

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:OperatingLeaseRightOfUseAssetAmortizationExpense.

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 non-cash lease expense?: D-Wave Quantum (QBTS) reported non-cash lease expense of $347K in Q1 2026.
How has D-Wave Quantum's non-cash lease expense changed year-over-year?: D-Wave Quantum's non-cash lease expense increased by 96.0% year-over-year, from $177K to $347K.
What is the long-term trend for D-Wave Quantum's non-cash lease expense?: Over 3 years (2022 to 2025), D-Wave Quantum's non-cash lease expense has grown at a -6.5% compound annual growth rate (CAGR), from $910K to $743K.
What does non-cash lease expense mean?: Non-cash portion of operating lease cost — the difference between straight-line lease expense and actual cash rent payments.