QBTS
Income statement / Annual
Last year (2025), D-Wave Quantum Inc's total revenue was $24.59 M,
an increase of 178.54% from the previous year.
In 2025, D-Wave Quantum Inc's net income was -$355.06 M.
See D-Wave Quantum Inc,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2025
|
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
| Period Ended |
12/31/2025 |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
| Operating Revenue |
$24.59 M |
$8.83 M |
$8.76 M |
$7.17 M |
$6.28 M |
$5.16 M |
| Cost of Revenue |
$4.28 M
|
$3.26 M
|
$4.14 M
|
$2.92 M
|
$1.75 M
|
$915.00 K
|
| Gross Profit |
$20.31 M
|
$5.56 M
|
$4.62 M
|
$4.25 M
|
$4.53 M
|
$4.25 M
|
| Gross Profit Ratio |
0.83
|
0.63
|
0.53
|
0.59
|
0.72
|
0.82
|
| Research and Development Expenses |
$50.73 M
|
$35.30 M
|
$37.88 M
|
$32.10 M
|
$25.40 M
|
$20.41 M
|
| General & Administrative Expenses |
$41.19 M
|
$32.42 M
|
$37.01 M
|
$21.54 M
|
$11.90 M
|
$11.59 M
|
| Selling & Marketing Expenses |
$28.75 M
|
$15.06 M
|
$10.28 M
|
$10.07 M
|
$6.18 M
|
$3.71 M
|
| Selling, General & Administrative Expenses |
$69.94 M
|
$47.49 M
|
$47.29 M
|
$31.61 M
|
$18.08 M
|
$15.30 M
|
| Other Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Operating Expenses |
$120.67 M
|
$82.79 M
|
$85.17 M
|
$63.71 M
|
$43.48 M
|
$35.71 M
|
| Cost And Expenses |
$124.96 M
|
$86.05 M
|
$89.30 M
|
$66.63 M
|
$45.23 M
|
$36.63 M
|
| Interest Income |
$24.12 M
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Interest Expense |
$4.01 M
|
$3.90 M
|
$2.16 M
|
$2.34 M
|
$4.01 M
|
$5.18 M
|
| Depreciation & Amortization |
$2.31 M
|
$1.93 M
|
$1.85 M
|
$2.33 M
|
$2.60 M
|
$2.73 M
|
| EBITDA |
-$348.74 M |
-$138.05 M |
-$80.83 M |
-$49.03 M |
-$34.36 M |
-$14.06 M |
| EBITDA Ratio |
-14.18
|
-15.64
|
-9.23
|
-6.84
|
-5.47
|
-2.73
|
| Operating Income Ratio |
-4.08
|
-8.75
|
-9.2
|
-8.29
|
-6.2
|
-6.1
|
| Total Other Income/Expenses Net |
-$254.69 M
|
-$66.66 M
|
-$2.17 M
|
$5.76 M
|
-$2.03 M
|
$9.50 M
|
| Income Before Tax |
-$355.06 M
|
-$143.88 M
|
-$82.72 M
|
-$53.70 M
|
-$40.97 M
|
-$21.97 M
|
| Income Before Tax Ratio |
-14.44
|
-16.3
|
-9.44
|
-7.49
|
-6.53
|
-4.26
|
| Income Tax Expense |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| Net Income |
-$355.06 M
|
-$143.88 M
|
-$82.72 M
|
-$53.70 M
|
-$40.97 M
|
-$21.97 M
|
| Net Income Ratio |
-14.44
|
-16.3
|
-9.44
|
-7.49
|
-6.53
|
-4.26
|
| EPS |
-1.11 |
-0.75 |
-0.6 |
-0.45 |
-0.33 |
-0.2 |
| EPS Diluted |
-1.11 |
-0.75 |
-0.6 |
-0.45 |
-0.33 |
-0.2 |
| Weighted Average Shares Out |
$321.20 M
|
$192.13 M
|
$137.99 M
|
$119.65 M
|
$125.34 M
|
$109.74 M
|
| Weighted Average Shares Out Diluted |
$321.20 M
|
$192.13 M
|
$137.99 M
|
$119.65 M
|
$125.34 M
|
$109.74 M
|
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