QBTS
D-Wave Quantum Inc.
$21.06
-1.50 (-6.65%)
At close · Jul 7
Market Cap
$7.72B
Shares
366,737,601
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$24.59M
+178.5%
FY2025
Net Income
-$355.06M
-146.8%
FY2025
Gross Margin
82.59%
+19.6pp
FY2025
Operating Margin
-408.22%
+466.6pp
FY2025
Diluted EPS
-$1.11
-48%
FY2025
Operating Cash Flow
-$71.98M
-68.8%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|---|
| $12.44M | $24.59M | $8.83M | $8.76M | $7.17M | $6.28M | $5.16M | |
| $4.2M | $4.28M | $3.26M | $4.14M | $2.92M | $1.75M | $915K | |
| $8.25M | $20.31M | $5.56M | $4.62M | $4.25M | $4.53M | $4.25M | |
| — | 82.59% | 63.02% | 52.77% | 59.25% | 72.13% | 82.27% | |
| $66.24M | $50.73M | $35.3M | $37.88M | $32.1M | $25.4M | $20.41M | |
| $32.31M | $28.75M | $15.06M | $10.28M | $10.07M | $6.18M | $3.71M | |
| $53.5M | $41.19M | $32.42M | $37.01M | $21.54M | $11.9M | $11.59M | |
| — | $200K | $100K | $100K | $100K | $100K | $100K | |
| — | $1.56M | $1.11M | $1.05M | $1.42M | $1.53M | $1.89M | |
| $152.05M | $120.67M | $82.79M | $85.17M | $63.71M | $43.48M | $35.71M | |
| -$143.8M | -$100.37M | -$77.22M | -$80.55M | -$59.46M | -$38.95M | -$31.47M | |
| — | -408.22% | -874.85% | -919.68% | -828.91% | -620.29% | -609.83% | |
| — | -$98.81M | -$76.11M | -$79.49M | -$58.04M | -$37.41M | -$29.58M | |
| — | $4.01M | $3.9M | — | $4.63M | $1.73M | $5.26M | |
| — | $24.12M | $1.74M | — | — | — | — | |
| -$252.65M | -$254.69M | -$66.66M | -$2.17M | $5.76M | -$2.03M | $9.5M | |
| $1.88M | -$159K | $1.5M | $1.7M | $0 | $1.16M | $0 | |
| — | -$355.06M | -$143.88M | -$82.72M | -$53.7M | -$40.97M | -$21.97M | |
| — | $0 | — | — | — | — | — | |
| -$368M | -$355.06M | -$143.88M | -$82.72M | -$53.7M | -$40.97M | -$21.97M | |
| — | -1444.1% | -1629.99% | -944.45% | -748.67% | -652.54% | -425.72% | |
| -$367.14M | -$353.57M | -$143.87M | -$82.83M | -$53.66M | -$40.96M | -$22.05M | |
| USD/shares | — | -$1.11 | -$0.75 | -$0.60 | -$0.45 | -$0.33 | -$0.17 |
| USD/shares | — | -$1.11 | -$0.75 | -$0.60 | -$0.45 | -$0.33 | -$0.17 |
| shares | — | 321.2M | 192.13M | 137.99M | 119.65M | 125.34M | 127.16M |
| shares | — | 321.2M | 192.13M | 137.99M | 119.65M | 125.34M | 127.16M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Geography (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|
| Germany | $16,765,000 | $1,894,000 | $1,268,000 | $1,150,000 | $741,000 | $155,000 |
| United States | $2,654,000 | $2,151,000 | $3,325,000 | $3,342,000 | $3,425,000 | $3,119,000 |
| Other Geographical Areas | $2,014,000 | $1,770,000 | $2,824,000 | $1,440,000 | $499,000 | $256,000 |
| Japan | $1,316,000 | $1,133,000 | $909,000 | $1,241,000 | $1,614,000 | $1,630,000 |
| Switzerland | $960,000 | $778,000 | — | — | — | — |
| Canada | $878,000 | $1,101,000 | $432,000 | — | — | — |
By Product & Service (USD)
| Component | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|
| System Sales | $16,182,000 | $0 | — | — | — | — |
| QCaaS | $5,517,000 | $6,745,000 | $4,895,000 | $5,616,000 | $4,424,000 | $4,313,000 |
| System Upgrade | $3,500,000 | — | — | — | — | — |
| Professional Services | $2,720,000 | $1,938,000 | $3,816,000 | $1,478,000 | $1,786,000 | $426,000 |
| Product And Service Other | $168,000 | $144,000 | $47,000 | $79,000 | $69,000 | $421,000 |
Key facts
CIK
1907982
CUSIP
26740W109
13F (30d)
19 filings
18 filers
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