Income Statement - D-Wave Quantum Inc. (QBTS)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | |
|---|---|---|---|---|---|---|
| Total revenue | 24.59 | 8.83 | 8.76 | 7.17 | 6.28 | 5.16 |
| Cost of revenue | 4.28 | 3.26 | 4.14 | 2.92 | 1.75 | 0.92 |
| Gross profit | 20.31 | 5.56 | 4.62 | 4.25 | 4.53 | 4.25 |
| Total operating expenses | 120.67 | 82.79 | 85.17 | 63.71 | 43.48 | 35.71 |
| Operating income | -100.37 | -77.22 | -80.55 | -59.46 | -38.95 | -31.47 |
| Non-operating income (net) | -254.69 | -66.66 | -2.17 | 5.76 | -2.03 | 9.50 |
| Income before tax | -355.06 | -143.88 | -82.72 | -53.70 | -40.97 | -21.97 |
| Income tax expense | -143.88 | -12.56 | -12.56 | 2.53 | 8.23 | |
| Net income | -355.06 | -143.88 | -82.72 | -53.70 | -40.97 | -21.97 |
Show Quarterly Income Statement
Income Statement - D-Wave Quantum Inc. (QBTS)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 2.86 | 2.75 | 3.74 | 3.10 | 15.00 | 2.31 | 1.87 | 2.18 | 2.47 | 2.91 | 2.56 | 1.71 | 1.70 | 2.40 | 1.70 | 1.37 | 1.71 | 2.43 | 1.31 | 1.14 | 1.41 |
| Cost of revenue | 1.04 | 0.97 | 1.07 | 1.12 | 1.12 | 0.84 | 0.83 | 0.80 | 0.81 | 0.94 | 1.03 | 1.00 | 0.65 | 1.15 | 0.61 | 0.62 | 0.62 | 0.88 | 0.31 | 0.45 | 0.30 |
| Gross profit | 1.82 | 1.78 | 2.67 | 1.98 | 13.88 | 1.47 | 1.04 | 1.39 | 1.66 | 1.97 | 1.53 | 0.71 | 1.04 | 1.25 | 1.09 | 0.75 | 1.10 | 1.55 | 1.00 | 0.69 | 1.11 |
| Total operating expenses | 56.55 | 36.62 | 30.41 | 28.48 | 25.17 | 21.71 | 21.68 | 20.23 | 19.18 | 18.51 | 19.94 | 21.61 | 16.21 | 23.96 | 16.35 | 13.15 | 12.05 | 12.40 | 10.79 | 10.03 | 10.08 |
| Operating income | -54.73 | -34.84 | -27.74 | -26.50 | -11.29 | -20.23 | -20.64 | -18.84 | -17.52 | -16.54 | -18.41 | -20.91 | -15.16 | -21.56 | -15.27 | -12.40 | -10.95 | -10.85 | -9.79 | -9.34 | -8.96 |
| Non-operating income (net) | 7.92 | -7.49 | -112.25 | -140.83 | 5.87 | -65.85 | -2.08 | 1.06 | 0.20 | 0.16 | 2.30 | -4.99 | 3.51 | 7.90 | 2.22 | 0.11 | -0.60 | -2.99 | 5.58 | 4.67 | 0.14 |
| Income before tax | -46.81 | -42.33 | -139.99 | -167.33 | -5.42 | -86.08 | -22.71 | -17.78 | -17.31 | -16.38 | -16.11 | -25.90 | -11.65 | -13.66 | -13.05 | -12.30 | -11.55 | -13.84 | -4.21 | -4.67 | -8.83 |
| Income tax expense | -28.45 | -86.08 | 0.38 | -1.64 | 2.21 | -0.93 | -2.22 | -2.22 | 1.21 | 0.97 | 1.27 | 0.27 | 0.50 | 0.49 | |||||||
| Net income | -18.36 | -42.33 | -139.99 | -167.33 | -5.42 | -86.08 | -22.71 | -17.78 | -17.31 | -16.38 | -16.11 | -25.90 | -11.65 | -13.66 | -10.84 | -12.30 | -11.55 | -13.84 | -4.21 | -4.67 | -8.83 |