$QBTS Balance Sheet | Understand Stock

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$QBTS

$26.80 -$3.11 (10.4%)

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Balance Sheet

Concept	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$338.2M 11.13% YoY	$635.3M 256.58% YoY	$836.2M 2737.18% YoY	$819.3M 1895.35% YoY	$304.3M 1014.57% YoY	$178.2M 331.36% YoY	$29.47M -44.72% YoY	$41.06M 446.75% YoY	$27.30M 203.78% YoY	$41.31M 484.67% YoY	$53.32M 287.39% YoY	$7.510M -28.24% YoY	$8.988M 29129.27% YoY	$7.065M 5564.69% YoY	$13.76M 5437.05% YoY	$10.47M 2861.27% YoY	$30.75K -96.67% YoY	$124.7K -99.42% YoY	$248.6K N/A
Cash & Equivalents	$338.2M 11.13% YoY	$635.3M 256.98% YoY	$836.2M 2756.57% YoY	$819.3M 1905.12% YoY	$304.3M 1014.57% YoY	$178.0M 330.87% YoY	$29.27M -45.09% YoY	$40.86M 443.8% YoY	$27.30M 203.78% YoY	$41.31M 484.67% YoY	$53.32M 287.37% YoY	$7.514M -28.44% YoY	$8.988M -49.11% YoY	$7.065M -25.63% YoY	$13.76M 71.09% YoY	$10.50M -20.4% YoY	$17.66M N/A	$9.500M -55.47% YoY	$8.045M N/A
Short-Term Investments	N/A	N/A	N/A	N/A	N/A	$200.0K N/A	$200.0K N/A	$200.0K N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Other Short-Term Assets	N/A	N/A	$4.654M 90.19% YoY	$4.343M 84.89% YoY	$3.795M 47.72% YoY	$3.954M 105.62% YoY	$2.447M 39.83% YoY	$2.349M 6.77% YoY	$2.569M -8.71% YoY	$1.923M -47.21% YoY	$1.750M -78.63% YoY	$2.200M -69.44% YoY	$2.814M 2181.13% YoY	$3.643M 1967.3% YoY	$8.190M 3078.48% YoY	$7.200M 2014.91% YoY	$123.4K -68.92% YoY	$176.2K N/A	$257.7K N/A
Inventory	$2.915M 71.27% YoY	$2.776M 64.65% YoY	$2.831M 48.77% YoY	$2.448M 15.15% YoY	$1.702M -18.13% YoY	$1.686M -18.86% YoY	$1.903M -15.2% YoY	$2.126M -8.56% YoY	$2.079M -7.19% YoY	$2.078M -5.37% YoY	$2.244M -11.41% YoY	$2.325M 8.24% YoY	$2.240M 9.16% YoY	$2.196M 3.88% YoY	$2.533M N/A	$2.148M N/A	$2.052M N/A	$2.114M N/A	N/A
Prepaid Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Receivables	$8.911M 751.1% YoY	$1.587M 11.76% YoY	$1.927M 32.35% YoY	$1.442M -8.15% YoY	$1.047M -39.65% YoY	$1.420M -14.04% YoY	$1.456M 90.83% YoY	$1.570M 95.52% YoY	$1.735M 220.11% YoY	$1.652M 118.23% YoY	$763.0K 3.11% YoY	$803.0K -12.53% YoY	$542.0K -80.78% YoY	$757.0K 79.81% YoY	$740.0K N/A	$918.0K N/A	$2.820M N/A	$421.0K N/A	N/A
Other Receivables	N/A	N/A	$2.496M N/A	$995.0K N/A	$0.00 N/A	$0.00 -100.0% YoY	$0.00 -100.0% YoY	$0.00 N/A	$0.00 N/A	$86.00K N/A	$130.0K N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	N/A	N/A
Total Short-Term Assets	$607.1M 95.3% YoY	$896.2M 384.35% YoY	$848.1M 2317.73% YoY	$828.5M 1666.38% YoY	$310.9M 822.8% YoY	$185.0M 293.32% YoY	$35.08M -39.72% YoY	$46.91M 265.25% YoY	$33.69M 125.91% YoY	$47.05M 237.85% YoY	$58.19M 121.45% YoY	$12.84M -44.61% YoY	$14.91M 9576.21% YoY	$13.93M -27.31% YoY	$26.28M 5090.91% YoY	$23.18M 3241.07% YoY	$154.1K -88.34% YoY	$19.16M N/A	$506.3K N/A
LONG-TERM ASSETS
Property, Plant & Equipment	$15.07M 276.74% YoY	$7.841M 89.72% YoY	$5.608M 64.26% YoY	$4.504M 40.22% YoY	$3.999M 37.47% YoY	$4.133M -61.64% YoY	$3.414M 81.69% YoY	$3.212M 79.24% YoY	$2.909M 42.53% YoY	$10.77M 369.66% YoY	$1.879M -25.94% YoY	$1.792M -35.35% YoY	$2.041M -82.0% YoY	$2.294M -29.39% YoY	$2.537M N/A	$2.772M N/A	$11.34M N/A	$3.249M N/A	N/A
Goodwill	$342.6M N/A	$0.00 N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Intangibles	$215.3M 40442.18% YoY	$915.0K 86.73% YoY	$803.0K 84.17% YoY	$586.0K 43.63% YoY	$531.0K 75.83% YoY	$490.0K 173.74% YoY	$436.0K 123.59% YoY	$408.0K 99.02% YoY	$302.0K 32.46% YoY	$179.0K -26.64% YoY	$195.0K -25.57% YoY	$205.0K -21.76% YoY	$228.0K N/A	$244.0K -10.29% YoY	$262.0K N/A	$262.0K N/A	N/A	$272.0K N/A	N/A
Long-Term Investments	N/A	N/A	$3.400M 32.09% YoY	$2.574M 7.43% YoY	$2.574M 0.0% YoY	$2.574M N/A	$2.574M N/A	$2.396M N/A	$2.574M N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$300.2M 0.04% YoY	$300.2M N/A	$300.1M N/A
Other Assets	$9.442M 202.53% YoY	$4.307M 47.05% YoY	$4.554M 52.36% YoY	$3.057M -17.49% YoY	$3.121M -18.47% YoY	$2.929M 115.84% YoY	$2.989M 121.24% YoY	$3.705M 173.63% YoY	$3.828M 183.35% YoY	$1.357M 0.44% YoY	$1.351M 0.45% YoY	$1.354M 0.3% YoY	$1.351M -0.22% YoY	$1.351M -0.15% YoY	$1.345M N/A	$1.350M N/A	$1.354M N/A	$1.353M N/A	N/A
Total Long-Term Assets	$592.7M 3922.44% YoY	$19.58M 32.19% YoY	$17.68M 22.1% YoY	$15.06M 1.05% YoY	$14.74M -1.23% YoY	$14.81M 20.33% YoY	$14.48M 20.83% YoY	$14.91M 23.52% YoY	$14.92M 18.9% YoY	$12.31M -5.47% YoY	$11.99M -1.84% YoY	$12.07M -3.48% YoY	$12.55M -95.82% YoY	$13.02M -3.2% YoY	$12.21M -95.93% YoY	$12.50M -95.83% YoY	$300.2M 0.04% YoY	$13.45M N/A	$300.1M N/A
TOTAL ASSETS
Total Short-Term Assets	$607.1M 95.3% YoY	$896.2M 384.35% YoY	$848.1M 2317.73% YoY	$828.5M 1666.38% YoY	$310.9M 822.8% YoY	$185.0M 293.32% YoY	$35.08M -39.72% YoY	$46.91M 265.25% YoY	$33.69M 125.91% YoY	$47.05M 237.85% YoY	$58.19M 121.45% YoY	$12.84M -44.61% YoY	$14.91M 9576.21% YoY	$13.93M -27.31% YoY	$26.28M 5090.91% YoY	$23.18M 3241.07% YoY	$154.1K -88.34% YoY	$19.16M N/A	$506.3K N/A
Total Long-Term Assets	$592.7M	$19.58M	$17.68M	$15.06M	$14.74M	$14.81M	$14.48M	$14.91M	$14.92M	$12.31M	$11.99M	$12.07M	$12.55M	$13.02M	$12.21M	$12.50M	$300.2M	$13.45M	$300.1M
Total Assets	$1.200B 268.49% YoY	$915.8M 358.24% YoY	$865.8M 1646.98% YoY	$843.6M 1264.81% YoY	$325.6M 569.89% YoY	$199.9M 236.7% YoY	$49.56M -29.38% YoY	$61.81M 148.15% YoY	$48.61M 77.01% YoY	$59.36M 120.27% YoY	$70.18M 82.34% YoY	$24.91M -30.2% YoY	$27.46M -90.86% YoY	$26.95M -17.37% YoY	$38.49M -87.2% YoY	$35.69M -88.14% YoY	$300.4M -0.35% YoY	$32.61M N/A	$300.7M N/A
SHORT-TERM LIABILITIES
Accounts Payable	N/A	N/A	$992.0K 42.53% YoY	$1.190M 1.88% YoY	$1.021M -1.54% YoY	$9.599M 41.0% YoY	$696.0K -54.81% YoY	$1.168M -71.58% YoY	$1.037M -87.15% YoY	$6.808M 9.54% YoY	$1.540M -51.23% YoY	$4.110M 65.53% YoY	$8.067M 164.32% YoY	$6.215M 115.12% YoY	$3.158M 38.92% YoY	$2.483M 155.67% YoY	$3.052M N/A	$2.889M N/A	$2.273M N/A
Accrued Expenses	$15.46M 135.81% YoY	$15.84M 80.31% YoY	$9.496M 44.47% YoY	$11.58M 129.89% YoY	$6.556M 9.14% YoY	$8.784M 31.65% YoY	$6.573M -31.56% YoY	$5.038M -53.35% YoY	$6.007M -39.07% YoY	$6.672M -0.22% YoY	$9.604M 80.59% YoY	$10.80M 30.2% YoY	$9.859M 26.19% YoY	$6.687M 85.03% YoY	$5.318M N/A	$8.295M N/A	$7.813M 768.68% YoY	$3.614M N/A	N/A
Deferred Revenue	$9.495M 71.11% YoY	$2.778M -85.13% YoY	$3.389M 16.46% YoY	$4.906M 89.42% YoY	$5.549M 177.59% YoY	$18.69M 600.11% YoY	$2.910M 33.67% YoY	$2.590M -8.38% YoY	$1.999M 9.41% YoY	$2.669M 49.86% YoY	$2.177M 9.45% YoY	$2.827M 8.94% YoY	$1.827M N/A	$1.781M -33.17% YoY	$1.989M N/A	$2.595M N/A	N/A	$2.665M N/A	N/A
Short-Term Debt	N/A	N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 N/A	$0.00 -100.0% YoY	$0.00 -100.0% YoY	$0.00 -100.0% YoY	$0.00 -100.0% YoY	$110.0K -73.81% YoY	$210.0K N/A	$420.0K 110.0% YoY	$420.0K N/A	$420.0K N/A	$0.00 N/A	$200.0K N/A	$0.00 N/A	$0.00 N/A
Long-Term Debt Due	N/A	N/A	$144.0K -98.98% YoY	$0.00 -100.0% YoY	$348.0K -5.69% YoY	$348.0K -12.78% YoY	$14.07M -53.11% YoY	$32.67M 105.32% YoY	$369.0K -53.29% YoY	$399.0K -76.12% YoY	$30.01M 1244.35% YoY	$15.91M -25.49% YoY	$790.0K -94.83% YoY	$1.671M 659.55% YoY	$2.232M N/A	$21.35M N/A	$15.28M N/A	$220.0K N/A	N/A
Total Short-Term Liabilities	$28.36M 89.05% YoY	$21.15M -29.85% YoY	$15.51M -39.94% YoY	$19.27M -55.12% YoY	$15.00M 38.11% YoY	$30.15M 167.96% YoY	$25.83M -40.39% YoY	$42.94M 27.64% YoY	$10.86M -39.95% YoY	$11.25M -29.01% YoY	$43.33M 197.21% YoY	$33.64M -7.32% YoY	$18.08M 266.85% YoY	$15.85M 53.94% YoY	$14.58M 541.27% YoY	$36.30M 3637.7% YoY	$4.930M 448.09% YoY	$10.30M N/A	$2.273M N/A
LONG-TERM LIABILITIES
Long-Term Debt	$35.42M 16.65% YoY	$35.83M 18.91% YoY	$32.05M 0.13% YoY	$32.06M 1.94% YoY	$30.37M -51.83% YoY	$30.13M -52.81% YoY	$32.01M 251.48% YoY	$31.45M 271.19% YoY	$63.04M 663.23% YoY	$63.85M 717.44% YoY	$9.108M -29.46% YoY	$8.473M -34.33% YoY	$8.260M N/A	$7.811M -36.15% YoY	$12.91M N/A	$12.90M N/A	$0.00 N/A	$12.23M N/A	$0.00 N/A
Other Long-Term Liabilities	N/A	N/A	$147.7M 1610.68% YoY	$98.01M 997.2% YoY	$72.85M 524.8% YoY	$76.93M 780.55% YoY	$8.634M -3.53% YoY	$8.933M -16.44% YoY	$11.66M 38.34% YoY	$8.737M N/A	$8.950M N/A	$10.69M N/A	$8.428M -62.66% YoY	$0.00 -100.0% YoY	$0.00 -100.0% YoY	$0.00 -100.0% YoY	$22.57M -31.77% YoY	$18.00K N/A	$21.66M N/A
Total Long-Term Liabilities	$35.42M 16.65% YoY	$35.83M 18.91% YoY	$32.05M 0.13% YoY	$32.06M 1.94% YoY	$30.37M -51.83% YoY	$30.13M -58.49% YoY	$32.01M 251.48% YoY	$31.45M 271.19% YoY	$63.04M 663.23% YoY	$72.59M 829.29% YoY	$9.108M -29.46% YoY	$8.473M -34.33% YoY	$8.260M -63.4% YoY	$7.811M -36.24% YoY	$12.91M -40.39% YoY	$12.90M -61.73% YoY	$22.57M -31.77% YoY	$12.25M N/A	$21.66M N/A
TOTAL LIABILITIES
Total Short-Term Liabilities	$28.36M 89.05% YoY	$21.15M -29.85% YoY	$15.51M -39.94% YoY	$19.27M -55.12% YoY	$15.00M 38.11% YoY	$30.15M 167.96% YoY	$25.83M -40.39% YoY	$42.94M 27.64% YoY	$10.86M -39.95% YoY	$11.25M -29.01% YoY	$43.33M 197.21% YoY	$33.64M -7.32% YoY	$18.08M 266.85% YoY	$15.85M 53.94% YoY	$14.58M 541.27% YoY	$36.30M 3637.7% YoY	$4.930M 448.09% YoY	$10.30M N/A	$2.273M N/A
Total Long-Term Liabilities	$35.42M 16.65% YoY	$35.83M 18.91% YoY	$32.05M 0.13% YoY	$32.06M 1.94% YoY	$30.37M -51.83% YoY	$30.13M -58.49% YoY	$32.01M 251.48% YoY	$31.45M 271.19% YoY	$63.04M 663.23% YoY	$72.59M 829.29% YoY	$9.108M -29.46% YoY	$8.473M -34.33% YoY	$8.260M -63.4% YoY	$7.811M -36.24% YoY	$12.91M -40.39% YoY	$12.90M -61.73% YoY	$22.57M -31.77% YoY	$12.25M N/A	$21.66M N/A
Total Liabilities	$75.56M -36.08% YoY	$63.58M -53.66% YoY	$195.3M 193.74% YoY	$149.3M 79.24% YoY	$118.2M 38.16% YoY	$137.2M 63.66% YoY	$66.48M 8.3% YoY	$83.33M 57.81% YoY	$85.56M 146.07% YoY	$83.84M 155.13% YoY	$61.38M 56.59% YoY	$52.80M -5.34% YoY	$34.77M 26.45% YoY	$32.86M 11.05% YoY	$39.20M 63.78% YoY	$55.78M 60.78% YoY	$27.50M -19.07% YoY	$29.59M N/A	$23.93M N/A
SHAREHOLDERS EQUITY
Retained Earnings	-$1.000B 58.19% YoY	-$982.0M 56.64% YoY	-$939.7M 73.72% YoY	-$799.7M 54.32% YoY	-$632.4M 26.37% YoY	-$626.9M 29.77% YoY	-$540.9M 22.07% YoY	-$518.2M 21.27% YoY	-$500.4M 24.66% YoY	-$483.1M 28.21% YoY	-$443.1M 22.03% YoY	-$427.3M 22.05% YoY	-$401.4M N/A	-$376.8M 15.84% YoY	-$363.1M N/A	-$350.1M N/A	N/A	-$325.3M N/A	N/A
Common Stock	$37.00K 27.59% YoY	$35.00K 29.63% YoY	$334.0K 1570.0% YoY	$33.00K 83.33% YoY	$29.00K 81.25% YoY	$27.00K 68.75% YoY	$20.00K 33.33% YoY	$18.00K 50.0% YoY	$16.00K 33.33% YoY	$16.00K 45.45% YoY	$15.00K 36.36% YoY	$12.00K -99.57% YoY	$12.00K N/A	$11.00K -99.58% YoY	$11.00K N/A	$2.811M N/A	N/A	$2.610M N/A	N/A
Preferred Stock	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Treasury Stock (at cost)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Treasury Stock Shares	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Shareholders Equity	$1.124B 442.1% YoY	$852.2M 1260.39% YoY	$670.6M -4064.26% YoY	$694.3M -3326.99% YoY	$207.4M -661.16% YoY	$62.65M -355.9% YoY	-$16.92M -292.3% YoY	-$21.51M -22.87% YoY	-$36.96M 405.36% YoY	-$24.48M 313.95% YoY	$8.796M -1338.87% YoY	-$27.89M 38.82% YoY	-$7.313M -102.68% YoY	-$5.914M -295.83% YoY	-$710.0K -100.26% YoY	-$20.09M -202.31% YoY	$272.9M 2.03% YoY	$3.020M -90.77% YoY	$276.7M N/A
Total Liabilities & Shareholders Equity	$1.200B 268.49% YoY	$915.8M 358.24% YoY	$865.8M 1646.98% YoY	$843.6M 1264.81% YoY	$325.6M 569.89% YoY	$199.9M 236.7% YoY	$49.56M -29.38% YoY	$61.81M 148.15% YoY	$48.61M 77.01% YoY	$59.36M 120.27% YoY	$70.18M 82.34% YoY	$24.91M -30.2% YoY	$27.46M -90.86% YoY	$26.95M -17.37% YoY	$38.49M -87.2% YoY	$35.69M -88.14% YoY	$300.4M -0.35% YoY	$32.61M N/A	$300.7M N/A