# D-WAVE QUANTUM INC. (QBTS) FY2026 Q2 Statement of Cash Flows

- Company: D-WAVE QUANTUM INC. (QBTS)
- Period: 2026-04-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-06, accession number 0001907982-26-000129
- Page: https://plicit.ai/financials/qbts/fy2026-q2-cash-flow
- Chart image: https://plicit.ai/charts/qbts-fy2026-q2-cash-flow-sankey.png

## Chart details

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Mar 31, 2026**: 338,197,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: negative 28,503,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the operating total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Non-cash interest income), so Non-cash interest income cannot be separated for this quarter. It may combine inflows and outflows.
- **Net loss**: negative 48,028,000 US dollars
- **Depreciation and amortization**: 4,733,000 US dollars
- **Deferred income taxes**: 0 US dollars
- **Stock-based compensation**: 11,113,000 US dollars
- **Amortization of operating right-of-use assets**: 352,000 US dollars
- **Provision for excess and obsolete inventory**: negative 73,000 US dollars
- **Non-cash interest expense**: 233,000 US dollars
- **Change in fair value of warrant liabilities**: 0 US dollars
- **Gain on marketable equity securities**: 0 US dollars
- **Unrealized foreign exchange loss (gain)**: negative 966,000 US dollars
- **Other noncash items**: 0 US dollars
- **Trade accounts receivable**: 6,888,000 US dollars
- **Inventories**: negative 1,129,000 US dollars
- **Prepaid expenses and other current assets**: negative 1,802,000 US dollars
- **Trade accounts payable**: 25,000 US dollars
- **Accrued expenses and other current liabilities**: negative 1,372,000 US dollars
- **Deferred revenue**: negative 1,020,000 US dollars
- **Operating lease liability**: negative 60,000 US dollars
- **Other non-current assets, net**: 124,000 US dollars
- **Remaining operating cash flows, net (calculated)**: 2,479,000 US dollars
- **Investing activities**: negative 8,516,000 US dollars. Net cash used.
- **Acquisition of business, net of cash acquired**: negative 2,000,000 US dollars
- **Purchase of property and equipment**: negative 4,440,000 US dollars
- **Purchases of marketable debt securities**: negative 149,117,000 US dollars
- **Maturities of marketable debt securities**: 147,241,000 US dollars
- **Proceeds from recovery of previously written-off convertible note**: 0 US dollars
- **Expenditures for internal-use software**: negative 200,000 US dollars
- **Financing activities**: negative 4,676,000 US dollars. Net cash used.
- **Proceeds from the issuance of common stock pursuant to the Lincoln Park Purchase Agreement**: 0 US dollars
- **Proceeds from the issuance of common stock in at-the-market offerings, net of issuance costs**: 0 US dollars
- **Proceeds from issuance of common stock upon exercise of warrants**: 0 US dollars
- **Proceeds from the issuance of common stock upon exercise of stock options**: 1,520,000 US dollars
- **Repayments on TPC loan**: 0 US dollars
- **Payment of tax withheld pursuant to stock-based compensation settlements**: negative 6,885,000 US dollars
- **Repayment of the Equipment Financing Term Loan**: negative 35,000 US dollars
- **Proceeds from common stock issued under the Employee Stock Purchase Plan**: 724,000 US dollars
- **Payments of equity issuance costs**: 0 US dollars
- **Operating adjustment reconciliation**: 54,450,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
- **financing gross reconciliation**: 6,920,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing gross reconciliation**: 155,757,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **Exchange-rate effect**: 140,000 US dollars
- **Ending cash on Jun 30, 2026**: 296,642,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 338,337,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: negative 41,555,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
- **Operating cash flow**: negative 28,503,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 4,440,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: negative 32,943,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net loss −$48.03M + net operating adjustments $19.53M = operating cash −$28.50M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 28,503,000 US dollars minus 4,440,000 US dollars equals negative 32,943,000 US dollars.