D-Wave Quantum Inc. (QBTS) — Financial Flexibility Index
D-Wave Quantum Inc. (QBTS) has a Financial Flexibility Index of -0.58x as of March 2026. Free cash flow of $-43.88 Million (operating CF $-44.96 Million minus capex $1.08 Million) represents -1% of total liabilities ($75.56 Million). Check QBTS cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
D-Wave Quantum Inc. Financial Flexibility Index (2020–2025)
Historical Financial Flexibility Index trend for D-Wave Quantum Inc. across 6 annual periods. For the full cash flow conversion analysis, see QBTS cash flow metrics.
Annual Financial Flexibility Index for D-Wave Quantum Inc. (2020–2025)
Year-by-year free cash flow to debt coverage for D-Wave Quantum Inc.. Explore QBTS cash flow to debt ratio to assess how comfortably operating cash covers total debt obligations.
| Year | Flexibility Index | Free Cash Flow (USD) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2025 | -1.07x | $-68.12 Million | $-71.98 Million | $63.58 Million | ▼ -262.6% |
| 2024 | -0.30x | $-40.54 Million | $-42.64 Million | $137.21 Million | ▲ +58.7% |
| 2023 | -0.72x | $-60.02 Million | $-60.65 Million | $83.84 Million | ▲ +9.7% |
| 2022 | -0.79x | $-44.73 Million | $-45.23 Million | $56.41 Million | ▼ -15.6% |
| 2021 | -0.69x | $-32.80 Million | $-34.80 Million | $47.82 Million | ▲ +64.5% |
| 2020 | -1.93x | $-28.50 Million | $-29.29 Million | $14.73 Million | — |