20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
D-Wave Quantum Inc. Common Stock (QBTS) operates in the COMPUTER HARDWARE industry and is headquartered in Palo Alto, United States with about 382 employees. Its market capitalization is roughly $6 billion. In the fiscal year ended 2025-12-31, QBTS reported $25M in revenue and ($355M) in net income.
D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide.
Interactive charts & full statements → Open the QBTS valuation workbench →
| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|
| Total Revenue | $12M | $25M | $9M | $9M | $7M | $6M | $5M |
| Gross Profit | $8M | $20M | $6M | $5M | $4M | $5M | $4M |
| Gross Margin % | 64.2% | 82.6% | 63.0% | 52.8% | 59.2% | 72.1% | 82.3% |
| Operating Income (EBIT) | ($171M) | ($100M) | ($77M) | ($81M) | ($59M) | ($39M) | ($31M) |
| Operating Margin % | -1372.9% | -408.2% | -874.9% | -919.7% | -828.9% | -620.3% | -609.8% |
| Net Income | ($249M) | ($355M) | ($144M) | ($83M) | ($54M) | ($41M) | ($22M) |
| Net Margin % | -2001.6% | -1444.1% | -1630.0% | -944.4% | -748.7% | -652.5% | -425.7% |
| EBITDA | ($259M) | ($349M) | ($138M) | ($81M) | ($49M) | ($34M) | ($14M) |
| Earnings Per Share (EPS) | $-0.71 | $-1.11 | $-0.75 | $-0.60 | $-0.45 | $-0.33 | $-0.20 |
| Shares Outstanding (M) | 371M | 321M | 192M | 138M | 120M | 125M | 110M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $3M | $3M | $3M | $4M | $3M | $15M | $2M | $2M |
| Gross Profit | $2M | $2M | $2M | $3M | $2M | $14M | $1M | $1M |
| Gross Margin % | 55.4% | 63.6% | 64.8% | 71.4% | 63.8% | 92.5% | 63.8% | 55.8% |
| Operating Income (EBIT) | ($53M) | ($55M) | ($35M) | ($28M) | ($27M) | ($11M) | ($20M) | ($21M) |
| Operating Margin % | -1732.0% | -1914.9% | -1266.0% | -741.8% | -856.3% | -75.3% | -876.2% | -1103.5% |
| Net Income | ($48M) | ($18M) | ($42M) | ($140M) | ($167M) | ($5M) | ($86M) | ($23M) |
| Net Margin % | -1561.4% | -642.3% | -1538.0% | -3743.9% | -5406.4% | -36.1% | -3727.9% | -1214.5% |
| EBITDA | ($39M) | ($42M) | ($38M) | ($139M) | ($167M) | ($5M) | ($85M) | ($21M) |
| Earnings Per Share (EPS) | $-0.13 | $-0.05 | $-0.12 | $-0.41 | $-0.57 | $-0.02 | $-0.37 | $-0.11 |
| Shares Outstanding (M) | 371M | 367M | 353M | 342M | 294M | 286M | 233M | 202M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | ($111M) | ($72M) | ($43M) | ($61M) | ($45M) | ($35M) | ($29M) |
| Capital Expenditures (CapEx) | $8M | $4M | $2M | $1M | $0M | $2M | $1M |
| Free Cash Flow (FCF) | ($119M) | ($76M) | ($45M) | ($61M) | ($46M) | ($37M) | ($30M) |
| FCF Margin % | -958.4% | -308.5% | -507.0% | -699.7% | -637.5% | -586.1% | -582.9% |
| Dividends Paid | — | — | — | $0M | $0M | $0M | $0M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | ($29M) | ($45M) | ($18M) | ($19M) | ($15M) | ($19M) | $2M | ($18M) |
| Capital Expenditures (CapEx) | $4M | $1M | $2M | $1M | $1M | $0M | $1M | $0M |
| Free Cash Flow (FCF) | ($33M) | ($46M) | ($20M) | ($20M) | ($16M) | ($20M) | $1M | ($18M) |
| FCF Margin % | -1071.0% | -1611.0% | -727.9% | -536.5% | -518.1% | -131.4% | 45.6% | -982.8% |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B | $916M | $200M | $59M | $27M | $29M | $47M |
| Cash & Cash Equivalents | $297M | $635M | $178M | $41M | $7M | $9M | $21M |
| Total Liabilities | $75M | $64M | $137M | $84M | $56M | $48M | $15M |
| Total Debt (Short + Long-Term) | $36M | $37M | $32M | $66M | $12M | $14M | $3M |
| Total Shareholders' Equity | $1.1B | $852M | $63M | ($24M) | ($29M) | ($18M) | $33M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive QBTS viewer.
About TickerBase · Data methodology & sources · Privacy · Terms