D-Wave Quantum Inc.

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20
Total revenue	0.02	0.01	0.01	0.01	0.01	0.01
Cost of revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross profit	0.02	0.01	0.00	0.00	0.00	0.00
Total operating expenses +	0.12	0.08	0.09	0.06	0.04	0.04
Selling, general and administrative	0.04	0.03	0.04	0.02	0.01	0.01
Research and development	0.05	0.04	0.04	0.03	0.03	0.02
Other operating expenses	0.03	0.02	0.01	0.01	0.01	0.00
Operating income	-0.10	-0.08	-0.08	-0.06	-0.04	-0.03
Non-operating income (net)	-0.25	-0.07	0.00	0.01	0.00	0.01
Income before tax	-0.36	-0.14	-0.08	-0.05	-0.04	-0.02
Income tax expense		-0.14	-0.01	-0.01	0.00	0.01
Net income	-0.36	-0.14	-0.08	-0.05	-0.04	-0.02

Show Quarterly Income Statement

	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	0.00	0.00	0.00	0.00	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cost of revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross profit	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total operating expenses +	0.06	0.04	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01
Selling, general and administrative	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00
Research and development	0.03	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Other operating expenses	0.01	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating income	-0.05	-0.03	-0.03	-0.03	-0.01	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01
Non-operating income (net)	0.01	-0.01	-0.11	-0.14	0.01	-0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.01	0.00	0.00
Income before tax	-0.05	-0.04	-0.14	-0.17	-0.01	-0.09	-0.02	-0.02	-0.02	-0.02	-0.02	-0.03	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	0.00	0.00	-0.01
Income tax expense	-0.03					-0.09			0.00	0.00	0.00	0.00	0.00		0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net income	-0.02	-0.04	-0.14	-0.17	-0.01	-0.09	-0.02	-0.02	-0.02	-0.02	-0.02	-0.03	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	0.00	0.00	-0.01

about 21 hours ago

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	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20
Total cash and short-term investments +	0.88	0.18	0.04	0.01	0.01	0.02
Cash and cash equivalents	0.64	0.18	0.04	0.01	0.01	0.02
Short-term investments	0.25	0.00
Accounts receivable, net	0.00	0.00	0.00	0.00	0.00	0.02
Inventories	0.00	0.00	0.00	0.00	0.00	0.00
Other current assets	0.00	0.00	0.00	0.00	0.00	0.00
Total current assets	0.90	0.19	0.05	0.01	0.02	0.04
Total non-current assets +	0.02	0.01	0.01	0.01	0.01	0.01
Property, plant and equipment, net				0.00	0.01	0.01
Goodwill
Intangible assets	0.00	0.00	0.00	0.00	0.00	0.00
Long-term investments	0.00	0.00	0.00	0.00	0.00	0.00
Other non-current assets
Total assets	0.92	0.20	0.06	0.03	0.03	0.05

Total current liabilities +	0.02	0.03	0.01	0.02	0.01	0.01
Accounts payable	0.00	0.00	0.00	0.00	0.00	0.00
Short-term debt	0.00	0.00	0.00	0.00	0.00	0.00
Current portion of long-term debt	0.00	0.00	0.00	0.00	0.00	0.00
Deferred revenue
Other current liabilities	0.02	0.01	0.01	0.01	0.00	0.00
Total non-current liabilities +	0.04	0.11	0.07	0.04	0.04	0.00
Long-term debt	0.04	0.03	0.06	0.01	0.01	0.00
Capital lease obligations	0.01	0.01	0.01	0.01	0.01	0.00
Other non-current liabilities				0.00	0.00
Total liabilities	0.06	0.14	0.08	0.06	0.05	0.01

Total stockholders' equity +	0.85	0.06	-0.02	-0.03	-0.02	0.03
Common stock and paid-in capital	1.83	0.69	0.46	0.37	0.33	0.33
Retained earnings	-0.98	-0.63	-0.48	-0.40	-0.35	-0.29
Common shares outstanding	321	192	138	120	125	110

Show Quarterly Balance Sheet

	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 cash and short-term investments +	0.59	0.88	0.84	0.82	0.30	0.18	0.03	0.04	0.03	0.04	0.05	0.01	0.01	0.01	0.01	0.01	0.02	0.01	0.00	0.00	0.04
Cash and cash equivalents	0.34	0.64	0.84	0.82	0.30	0.18	0.03	0.04	0.03	0.04	0.05	0.01	0.01	0.01	0.01	0.01	0.02	0.01	0.00	0.00	0.00
Short-term investments	0.25	0.25				0.00															0.04
Accounts receivable, net	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventories	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other current assets	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.01	0.01	0.00	0.00	0.00	0.00
Total current assets	0.61	0.90	0.85	0.83	0.31	0.19	0.04	0.05	0.03	0.05	0.06	0.01	0.03	0.01	0.03	0.02	0.03	0.02	0.00	0.00	0.00
Total non-current assets +	0.59	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.30	0.30	0.30
Property, plant and equipment, net											0.01	0.00	0.00		0.01	0.01	0.01
Goodwill	0.34
Intangible assets	0.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-term investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00				0.00				0.00
Other non-current assets
Total assets	1.20	0.92	0.87	0.84	0.33	0.20	0.05	0.06	0.05	0.06	0.07	0.02	0.04	0.03	0.04	0.04	0.04	0.03	0.30	0.30	0.30

Total current liabilities +	0.03	0.02	0.02	0.02	0.01	0.03	0.03	0.04	0.01	0.01	0.04	0.03	0.01	0.02	0.01	0.04	0.03	0.01	0.02	0.03	0.03
Accounts payable	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Short-term debt	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.03	0.00	0.00	0.03	0.02	0.00	0.00	0.00	0.02	0.02	0.00
Current portion of long-term debt	0.00	0.00	0.00		0.00	0.00	0.01	0.03	0.00	0.00	0.03	0.02	0.00	0.00	0.00	0.02	0.02	0.00
Deferred revenue
Other current liabilities	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.02	0.03	0.03
Total non-current liabilities +	0.05	0.04	0.18	0.13	0.10	0.11	0.04	0.04	0.07	0.07	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.04
Long-term debt	0.04	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0.06	0.06	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Capital lease obligations	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Other non-current liabilities												0.00	0.01		0.01			0.00
Total liabilities	0.08	0.06	0.20	0.15	0.12	0.14	0.07	0.08	0.09	0.08	0.06	0.05	0.04	0.03	0.04	0.06	0.05	0.05	0.02	0.03	0.03

Total stockholders' equity +	1.12	0.85	0.67	0.69	0.21	0.06	-0.02	-0.02	-0.04	-0.02	0.01	-0.03	0.00	-0.01	0.00	-0.02	-0.01	-0.02	0.28	0.27	0.27
Common stock and paid-in capital	2.12	1.83	1.61	1.49	0.84	0.69	0.52	0.50	0.46	0.46	0.45	0.40	0.36	0.37	0.36	0.33	0.33	0.33	0.30	0.28	0.28
Retained earnings	-1.00	-0.98	-0.94	-0.80	-0.63	-0.63	-0.54	-0.52	-0.50	-0.48	-0.44	-0.43	-0.36	-0.38	-0.36	-0.35	-0.34	-0.35	-0.02	-0.01	-0.01
Common shares outstanding	367	353	342	294	286	233	202	172	161	159	133	127	116	113	116	110	110	125	110	110	110

about 21 hours ago

Ask a follow up

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20
Operating cash flow +	-0.07	-0.04	-0.06	-0.05	-0.03	-0.03
Net income
Depreciation, depletion and amortization	0.00	0.00	0.00	0.00	0.00	0.00
Stock-based compensation	0.02	0.02	0.02	0.01	0.00	0.00
Change in inventory	0.00	0.00	0.00	0.00	0.00	0.00
Other working capital changes	-0.09	-0.06	-0.08	-0.06	-0.04	-0.03
Cash flow from investing +	-0.25	0.00	0.00	0.00	0.00	0.00
Capital expenditures	0.00	0.00	0.00	0.00	0.00	0.00
Others incl. marketable securities changes	-0.25	0.00	0.00	0.00	0.00	0.00
Cash flow from financing +	0.78	0.18	0.10	0.04	0.02	0.04
Dividend payout			0.00	0.00	0.00	0.00
Common stock repurchases	0.04	0.04	0.00	0.04
Net Debt Issuance	0.74	0.14	0.10	0.00	0.02	0.04

Change in cash	0.46	0.14	0.03	0.00	-0.01	0.01

Show Quarterly Cash Flow

	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
Operating cash flow +	-0.04	-0.02	-0.02	-0.02	-0.02	0.00	-0.02	-0.01	-0.01	-0.01	-0.02	-0.02	-0.01	-0.02	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01
Net income
Depreciation, depletion and amortization	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Stock-based compensation	0.01	0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other working capital changes	-0.06	-0.02	-0.03	-0.02	-0.02	0.00	-0.02	-0.02	-0.02	-0.02	-0.02	-0.02	-0.01	-0.02	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01
Cash flow from investing +	-0.25	-0.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital expenditures	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Others incl. marketable securities changes	-0.25	-0.25	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash flow from financing +	0.00	0.07	0.04	0.53	0.15	0.15	0.01	0.03	0.00	0.00	0.06	0.01	0.02	0.01	0.02	0.00	0.02	0.01	0.00	0.00	0.01
Dividend payout										0.00				0.00
Common stock repurchases	0.00	-0.04		0.04			0.03	0.00	0.00	0.00		0.00	0.02						0.00
Net Debt Issuance	0.00	0.10	0.04	0.49	0.15	0.15	-0.03	0.03	0.00	0.00	0.06	0.01	0.00	0.01	0.02	0.00	0.02	0.01	0.00	0.00	0.01

Change in cash	-0.30	-0.20	0.02	0.51	0.13	0.15	-0.01	0.01	-0.01	-0.01	0.05	0.00	0.00	0.00	0.00	-0.01	0.01	0.00	0.00	-0.01	0.00

about 21 hours ago

Ask a follow up

D-Wave Quantum Inc.

Income Statement - D-Wave Quantum Inc. (QBTS)

Income Statement - D-Wave Quantum Inc. (QBTS)

Balance Sheet - D-Wave Quantum Inc. (QBTS)

Balance Sheet - D-Wave Quantum Inc. (QBTS)

Cash Flow - D-Wave Quantum Inc. (QBTS)

Cash Flow - D-Wave Quantum Inc. (QBTS)