D-Wave Quantum, Inc. engages in the development and delivery of quantum computing systems, software, and services. The company is headquartered in Palo Alto, California and currently employs 382 full-time employees. The company went IPO on 2020-10-11. The firm builds and delivers systems, cloud services, application development tools, and professional services to support the end-to-end quantum computing journey for enterprises and developers. The firm's products include Cloud Platform, Systems, Professional Services, and others. Under its Cloud Platform, the Leap quantum cloud service delivers immediate, real-time access to its quantum computers and hybrid solvers services. Under its Systems, the Advantage quantum system is a quantum computer designed for business. The company also offers quantum applications to a range of customers, including resource scheduling, factory scheduling, industrial construction design, drug discovery, and others. The company offers solutions across workforce scheduling, production scheduling, vehicle routing, resource optimization, and cargo loading.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenue
24
24
8
8
7
6
Revenue Growth (YoY)
200%
200%
0%
14%
17%
20%
Cost of Revenue
4
4
3
4
2
1
Gross Profit
20
20
5
4
4
4
Selling, General & Admin
69
69
47
47
31
18
Research & Development
50
50
35
37
31
25
Operating Expenses
120
120
82
85
63
43
Other Non Operating Income (Expenses)
-274
-274
-63
-2
8
0
Pretax Income
-355
-355
-143
-82
-53
-40
Income Tax Expense
--
--
--
--
--
--
Net Income
-355
-355
-143
-82
-53
-40
Net Income Growth
148%
148%
74%
55%
33%
90%
Shares Outstanding (Diluted)
353.28
321.2
192.12
137.99
119.64
125.38
Shares Change (YoY)
51%
67%
39%
15%
-5%
0%
EPS (Diluted)
-1
-1.1
-0.75
-0.6
-0.45
-0.33
EPS Growth
64%
47%
25%
33%
36%
83%
Free Cash Flow
-75
-75
-44
-61
-45
-36
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
83.33%
83.33%
62.5%
50%
57.14%
66.66%
Operating Margin
-416.66%
-416.66%
-962.5%
-1,000%
-842.85%
-633.33%
Profit Margin
-1,479.16%
-1,479.16%
-1,787.5%
-1,025%
-757.14%
-666.66%
Free Cash Flow Margin
-312.5%
-312.5%
-550%
-762.5%
-642.85%
-600%
EBITDA
-99
-99
-76
-79
-58
-37
EBITDA Margin
-412.5%
-412.5%
-950%
-987.5%
-828.57%
-616.66%
D&A For EBITDA
1
1
1
1
1
1
EBIT
-100
-100
-77
-80
-59
-38
EBIT Margin
-416.66%
-416.66%
-962.5%
-1,000%
-842.85%
-633.33%
Effective Tax Rate
--
--
--
--
--
--
Follow-Up Questions
What are D-Wave Quantum Inc's key financial statements?
According to the latest financial statement (Form-10K), D-Wave Quantum Inc has a total asset of $0, Net loss of $-355
What are the key financial ratios for QBTS?
D-Wave Quantum Inc's Current ratio is 0, has a Net margin is -1,479.16, sales per share of $0.07.
How is D-Wave Quantum Inc's revenue broken down by segment or geography?
D-Wave Quantum Inc largest revenue segment is Quantum Computing as a Service, at a revenue of 4,895,000 in the most earnings release.For geography, United States is the primary market for D-Wave Quantum Inc, at a revenue of 3,325,000.
Is D-Wave Quantum Inc profitable?
no, according to the latest financial statements, D-Wave Quantum Inc has a net loss of $-355
Does D-Wave Quantum Inc have any liabilities?
no, D-Wave Quantum Inc has liability of 0
How many outstanding shares for D-Wave Quantum Inc?
D-Wave Quantum Inc has a total outstanding shares of 0