Financial Statements · From SEC 10-K & 10-Q XBRL Filings
D-Wave Quantum Inc. Revenue & Financial Statements
D-Wave Quantum Inc. reported revenue of $24.6M for the fiscal year ended December 31, 2025, up 178.5% year over year, with net income of $(355.1M) and diluted EPS of $-1.11.
- Company
- D-Wave Quantum Inc. QBTS · NYSE
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 4 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | 7.2M | 8.8M | 8.8M | 24.6M |
| Cost of revenue | 2.9M | 4.1M | 3.3M | 4.3M |
| Gross profit | 4.2M | 4.6M | 5.6M | 20.3M |
| Operating income | (59.5M) | (80.5M) | (77.2M) | (100.4M) |
| Pretax income | (11.2M) | (42.5M) | (113.6M) | (60.5M) |
| Net income | (51.5M) | (82.7M) | (143.9M) | (355.1M) |
| Diluted EPS | -0.43 | -0.60 | -0.75 | -1.11 |
| EBITDA | (58.2M) | (79.6M) | (76.2M) | (98.8M) |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.5M | 2.2M | 1.9M | 2.3M | 15.0M | 3.1M | 3.7M | 2.8M |
| Cost of revenue | 806K | 795K | 827K | 836K | 1.1M | 1.1M | 1.1M | 968K |
| Gross profit | 1.7M | 1.4M | 1.0M | 1.5M | 13.9M | 2.0M | 2.7M | 1.8M |
| Operating income | (17.5M) | (18.8M) | (20.6M) | (20.2M) | (11.3M) | (26.5M) | (27.7M) | (34.8M) |
| Pretax income | — | — | — | — | — | — | — | — |
| Net income | (17.3M) | (17.8M) | (22.7M) | (86.1M) | (5.4M) | (167.3M) | (140.0M) | (42.3M) |
| Diluted EPS | -0.11 | -0.10 | -0.11 | -0.43 | -0.02 | -0.55 | -0.41 | -0.10 |
| EBITDA | (17.3M) | (18.6M) | (20.4M) | (19.9M) | (11.0M) | (26.2M) | (27.4M) | (34.4M) |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Total assets | 26.9M | 59.4M | 199.9M | 915.8M |
| Current assets | 13.9M | 47.0M | 185.0M | 896.2M |
| Cash & equivalents | — | — | 178.0M | 635.3M |
| Total liabilities | 32.9M | 83.8M | 137.2M | 63.6M |
| Current liabilities | 15.8M | 11.2M | 30.1M | 21.1M |
| Long-term debt | 7.8M | 63.9M | 30.1M | 35.8M |
| Total debt | 9.5M | 63.9M | 30.1M | 35.8M |
| Stockholders’ equity | (5.9M) | (24.5M) | 62.6M | 852.2M |
| Net debt | — | — | (147.9M) | (599.5M) |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Operating cash flow | (45.2M) | (60.6M) | (42.6M) | (72.0M) |
| Investing cash flow | (498K) | (630K) | (3.1M) | (251.1M) |
| Financing cash flow | 43.3M | 95.6M | 182.4M | 779.1M |
| Capital expenditure | 423K | 583K | 2.1M | 3.9M |
| Free cash flow | (45.6M) | (61.2M) | (44.7M) | (75.8M) |
| Dividends paid | — | — | — | — |
| Stock-based compensation | 9.2M | 21.9M | 15.7M | 22.7M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
Every QBTS filing, connected
Financials beside price, insider trades, and 8-K events — with alerts the moment something new is filed.