D-Wave Quantum Inc. (QBTS) — Financial Flexibility Index

Latest as of March 2026: -0.58x

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 D-Wave Quantum Inc. PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.

Financial Flexibility Index

-0.58x
Free Cash Flow / Total Liabilities

Free Cash Flow

$-43.88 Million
Operating CF − Capex

Total Liabilities

$75.56 Million
USD

Capital Expenditures

$1.08 Million
USD

D-Wave Quantum Inc. Financial Flexibility Index (2020–2025)

Historical Financial Flexibility Index trend for D-Wave Quantum Inc. across 6 annual periods. See QBTS net working capital ratio to evaluate short-term liquidity relative to the company's equity base.

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.. For the full company profile including market capitalisation, see D-Wave Quantum Inc. (QBTS) market capitalisation.

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
Financial Flexibility Index = (Operating CF − Capex) / Total Liabilities = Free Cash Flow / Total Liabilities