QBTS
D-Wave Quantum Inc.
NYSE · CATechnologyComputer Hardware
$16.73+0.00%
Price as of Jul 20, 2026
QBTS financials
D-Wave Quantum Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $24.6M | $8.8M | $8.8M | $7.2M |
| Cost of revenue | $4.3M | $3.3M | $4.1M | $2.9M |
| Gross profit | $20.3M | $5.6M | $4.6M | $4.3M |
| Operating expenses | $120.7M | $82.8M | $85.2M | $63.7M |
| Operating income | -$100.4M | -$77.2M | -$80.5M | -$59.5M |
| Net income | -$355.1M | -$143.9M | -$82.7M | -$53.7M |
| EBITDA | -$348.7M | -$138.1M | -$80.8M | -$49.0M |
| Basic EPS | $-1.11 | $-0.75 | $-0.60 | $-0.45 |
| Diluted EPS | $-1.11 | $-0.75 | $-0.60 | $-0.45 |
| Balance sheet | ||||
| Cash & equivalents | $635.3M | $178.0M | $41.3M | $7.1M |
| Total assets | $915.8M | $199.9M | $59.4M | $26.9M |
| Total liabilities | $63.6M | $137.2M | $83.8M | $56.4M |
| Stockholders’ equity | $852.2M | $62.6M | -$24.5M | -$29.5M |
| Total debt | $43.5M | $38.4M | $72.7M | $42.3M |
| Net debt | -$591.9M | -$139.6M | $31.3M | $35.2M |
| Cash flow | ||||
| Operating cash flow | -$72.0M | -$42.6M | -$60.6M | -$45.2M |
| Capital expenditure | -$3.9M | -$2.1M | -$630.0K | -$498.0K |
| Free cash flow | -$75.8M | -$44.7M | -$61.3M | -$45.7M |
| Dividends paid | $0.00 | $0.00 | $0.00 | $0.00 |
| Share repurchases | $0.00 | $0.00 | $0.00 | $0.00 |