D-Wave Quantum Inc. (QBTS)
NYSE: QBTS · Real-Time Price · USD
18.11
-0.69 (-3.67%)
At close: Apr 28, 2026, 4:00 PM EDT
18.08
-0.03 (-0.14%)
After-hours: Apr 28, 2026, 7:59 PM EDT
D-Wave Quantum Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
| Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| Revenue | 24.59 | 8.83 | 8.76 | 7.17 | 6.28 | |
| Revenue Growth (YoY) | 178.54% | 0.79% | 22.10% | 14.24% | 21.69% | |
| Cost of Revenue | 4.28 | 3.26 | 4.14 | 2.92 | 1.75 | |
| Gross Profit | 20.31 | 5.56 | 4.62 | 4.25 | 4.53 | |
| Selling, General & Admin | 69.94 | 47.49 | 47.29 | 31.61 | 18.34 | |
| Research & Development | 50.73 | 35.3 | 37.88 | 32.1 | 25.13 | |
| Operating Expenses | 120.67 | 82.79 | 85.17 | 63.71 | 43.48 | |
| Operating Income | -100.37 | -77.22 | -80.55 | -59.46 | -38.95 | |
| Interest Expense | -4.01 | -3.9 | -2.16 | -2.34 | -1.73 | |
| Interest & Investment Income | 24.12 | 1.74 | - | - | - | |
| Currency Exchange Gain (Loss) | - | - | - | - | 0.6 | |
| Other Non Operating Income (Expenses) | -274.64 | -65.35 | -0.65 | 8.09 | 7.37 | |
| EBT Excluding Unusual Items | -354.9 | -144.73 | -83.36 | -53.7 | -32.71 | |
| Gain (Loss) on Sale of Investments | -0.16 | 1.5 | - | - | 1.16 | |
| Other Unusual Items | - | -0.65 | 0.64 | - | - | |
| Pretax Income | -355.06 | -143.88 | -82.72 | -53.7 | -31.55 | |
| Net Income | -355.06 | -143.88 | -82.72 | -53.7 | -31.55 | |
| Net Income to Common | -355.06 | -143.88 | -82.72 | -53.7 | -31.55 | |
| Shares Outstanding (Basic) | 321 | 192 | 138 | 120 | 3 | |
| Shares Outstanding (Diluted) | 321 | 192 | 138 | 120 | 3 | |
| Shares Change (YoY) | 67.18% | 39.23% | 15.33% | 3678.01% | - | |
| EPS (Basic) | -1.11 | -0.75 | -0.60 | -0.45 | -9.96 | |
| EPS (Diluted) | -1.11 | -0.75 | -0.60 | -0.45 | -9.96 | |
| Free Cash Flow | -75.84 | -44.75 | -61.23 | -45.65 | -36.57 | |
| Free Cash Flow Per Share | -0.24 | -0.23 | -0.44 | -0.38 | -11.55 | |
| Gross Margin | 82.59% | 63.02% | 52.78% | 59.25% | 72.13% | |
| Operating Margin | -408.22% | -874.85% | -919.68% | -828.91% | -620.29% | |
| Profit Margin | -1444.11% | -1629.99% | -944.45% | -748.67% | -502.39% | |
| Free Cash Flow Margin | -308.47% | -506.96% | -699.15% | -636.40% | -582.48% | |
| EBITDA | -98.81 | -76.11 | -79.49 | -58.04 | -37.41 | |
| D&A For EBITDA | 1.56 | 1.11 | 1.05 | 1.42 | 1.53 | |
| EBIT | -100.37 | -77.22 | -80.55 | -59.46 | -38.95 | |
Source: S&P Capital IQ. Standard template.
Financial Sources.