D-Wave Quantum Inc. (QBTS) debt
What D-Wave Quantum owes, when it comes due, and what it costs to carry, from the balances and cash flows the company reports to the U.S. Securities and Exchange Commission.
At a glance
| Metric | Jun 2026 | Jun 2025 | Change |
|---|---|---|---|
| Total debt | $35M | $32M | +$3M |
| Long-term debt | $35M | $32M | +$3M |
| Cash and equivalents | $297M | $819M | −$523M |
| Net cash | $262M | $787M | −$525M |
Total debt is the sum of the debt lines the company reports at that date (long-term, current and short-term borrowings), not a figure the company reports as a total.
Debt over time
| Balance date | Total debt | Due within a year | Long-term debt | Cash |
|---|---|---|---|---|
| Jun 2026 | $35M† | — | $35M | $297M |
| Mar 2026 | $35M† | — | $35M | $338M |
| Dec 2025 | $36M† | — | $36M | $635M |
| Sep 2025 | $32M† | — | $32M | $836M |
| Jun 2025 | $32M† | — | $32M | $819M |
| Mar 2025 | $30M† | — | $30M | $304M |
| Dec 2024 | $30M† | — | $30M | $178M |
| Sep 2024 | $32M† | — | $32M | $29M |
| Jun 2024 | $31M† | — | $31M | $41M |
| Mar 2024 | $63M† | — | $63M | $27M |
| Dec 2023 | $64M† | — | $64M | $41M |
| Sep 2023 | $63M† | $30M | $33M | $53M |
† Sum of the debt lines the company reports at that date, not a reported total.
Interest cost and borrowing
| Fiscal year | Interest expense | Borrowed | Repaid |
|---|---|---|---|
| FY Dec 2025 | $4M | — | — |
| FY Dec 2024 | $4M | — | — |
| FY Dec 2023 | — | $29M | $1M |
| FY Dec 2022 | $5M | $20M | $22M |
| FY Dec 2021 | $2M | $111,000 | $31,000 |
* Fiscal fourth quarter computed from the annual filing minus the three reported quarters.
About these figures
These are the balances D-Wave Quantum reports in its SEC filings as of each balance-sheet date, and the interest, borrowing and repayments it reports for each period. This page does not show market prices or yields of the company's bonds. "Long-term debt" is the line as the company tags it in its filings and may or may not include the portion due within a year.
All figures from company filings with the SEC.