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D-Wave Quantum Inc. (QBTS) Financial History

4 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Technology · Computer Hardware · DATA UPDATED 2026-07-09

D-Wave Quantum Inc. (QBTS) operates in the Computer Hardware industry and is headquartered in Palo Alto, United States with about 382 employees. Its market capitalization is roughly $8 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 →

QBTS Revenue & Earnings History — Annual Income Statement

Income statement2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Revenue$25M$9M$9M$7M
Gross Profit$20M$6M$5M$4M
Operating Income (EBIT)($100M)($77M)($80M)($60M)
Net Income($355M)($144M)($83M)($54M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

QBTS Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-03-312025-12-312025-09-302025-06-302025-03-31
Total Revenue$3M$3M$4M$3M$15M
Gross Profit$2M$2M$3M$2M$14M
Operating Income (EBIT)($55M)($35M)($28M)($26M)($11M)
Net Income($18M)($42M)($140M)($167M)($5M)

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

QBTS Free Cash Flow History

Cash flow2025-12-312024-12-312023-12-312022-12-312021-12-31
Dividends Paid$0M$0M$0M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

QBTS Balance Sheet History

Balance sheet2025-12-312024-12-312023-12-312022-12-312021-12-31
Total Assets$916M$200M$59M$27M
Total Liabilities$64M$137M$84M$56M

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.

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