D-Wave Quantum annual net debt
2020
2021
2022
2023
2024
2025
D-Wave Quantum Net Debt Growth & History (QBTS)
D-Wave Quantum's net debt was −$592.0M for fiscal 2025.
View full D-Wave Quantum company overviewD-Wave Quantum annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$592.0M | −$452.1M | — |
| 2024 | 2024-12-31 | −$140.0M | −$170.9M | — |
| 2023 | 2023-12-31 | $30.9M | −$3.9M | −11.08% |
| 2022 | 2022-12-31 | $34.8M | $5.1M | +17.06% |
| 2021 | 2021-12-31 | $29.7M | $49.5M | — |
| 2020 | 2020-12-31 | −$19.7M | — | — |
D-Wave Quantum quarterly net debt
Q4.21
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$248.7M | $530.7M | — |
| Q1 2026 | 2026-03-31 | −$291.5M | −$25.3M | — |
| Q4 2025 | 2025-12-31 | −$592.0M | −$452.1M | — |
| Q3 2025 | 2025-09-30 | −$796.6M | −$807.9M | — |
| Q2 2025 | 2025-06-30 | −$779.3M | −$778.2M | — |
| Q1 2025 | 2025-03-31 | −$266.2M | −$310.4M | — |
| Q4 2024 | 2024-12-31 | −$140.0M | −$170.9M | — |
| Q3 2024 | 2024-09-30 | $11.3M | −$6.7M | −37.26% |
| Q2 2024 | 2024-06-30 | −$1.1M | −$50.3M | — |
| Q1 2024 | 2024-03-31 | $44.2M | $12.1M | +37.77% |
| Q4 2023 | 2023-12-31 | $30.9M | −$3.9M | −11.08% |
| Q3 2023 | 2023-09-30 | $18.0M | $9.2M | +105.18% |
| Q2 2023 | 2023-06-30 | $49.1M | $17.2M | +53.93% |
| Q1 2023 | 2023-03-31 | $32.1M | — | — |
| Q4 2022 | 2022-12-31 | $34.8M | $23.2M | +198.79% |
| Q3 2022 | 2022-09-30 | $8.8M | — | — |
| Q2 2022 | 2022-06-30 | $31.9M | — | — |
| Q4 2021 | 2021-12-31 | $11.6M | — | — |
D-Wave Quantum net debt trends
Over the last five fiscal years, D-Wave Quantum's net debt decreased from −$19.7M to −$592.0M, a change of −$572.3M. The latest reported quarter, Q2 2026, shows −$248.7M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review D-Wave Quantum source filings ↗