Company research
D-Wave Quantum Inc.
CIK 1907982Updated Sep 26, 2026
SecurityQBTS · NYSE · equity
Historical securities (1)
QBTS · NYSE · equity · closed Aug 7, 2022QBTS price & chart
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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of D-Wave Quantum Inc. - QBTS ↗
Notice of Investigation of QBTS: Kessler Topaz Meltzer & Check, LLP Encourages D-Wave Quantum Inc. Investors to Contact the Firm ↗
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of D-Wave Quantum Inc. - QBTS ↗
Recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
Other Events
Items 8.01, 9.01
Show 5 more recent filings
424B7 filing
4 filing
Entry into a Material Definitive Agreement · Unregistered Sales of Equity Securities · Other Events
Items 1.01, 3.02, 8.01, 9.01
Entry into a Material Definitive Agreement · Regulation FD Disclosure · Other Events
Items 1.01, 7.01, 8.01, 9.01
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02, 9.01
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 915,813,000Source | 199,853,000Source | 59,356,000Source | 26,947,000Source |
| Property, Plant and Equipment, NetUSD | 7,841,000Source | 4,133,000Source | 2,551,000Source | 2,294,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 915,000Source | 490,000Source | 179,000Source | 244,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 635,347,000Source | 177,980,000Source | — | — |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,587,000Source | 1,420,000Source | 1,652,000Source | 757,000Source |
| Inventory, NetUSD | 2,776,000Source | 1,686,000Source | 2,078,000Source | 2,196,000Source |
| Assets, CurrentUSD | 896,232,000Source | 185,040,000Source | 47,046,000Source | 13,925,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 7,388,000Source | 3,954,000Source | 2,009,000Source | 3,643,000Source |
| Operating Lease, Right-of-Use AssetUSD | 6,518,000Source | 7,261,000Source | 8,223,000Source | 9,133,000Source |
| Other Assets, NoncurrentUSD | 4,307,000Source | 2,929,000Source | 1,357,000Source | 1,351,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 63,583,000Source | 137,207,000Source | 83,837,000Source | 56,410,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | — | — | 0Source |
| Common Stock, Value, IssuedUSD | 35,000Source | 27,000Source | 16,000Source | 11,000Source |
| Additional Paid in CapitalUSD | 1,843,218,000Source | 700,069,000Source | 469,081,000Source | 381,274,000Source |
| Retained Earnings (Accumulated Deficit)USD | -982,002,000Source | -626,940,000Source | -483,061,000Source | -400,346,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -9,021,000Source | -10,510,000Source | -10,517,000Source | -10,402,000Source |
| Stockholders' Equity Attributable to ParentUSD | 852,230,000Source | 62,646,000Source | -24,481,000Source | -29,463,000Source |
| Liabilities and EquityUSD | 915,813,000Source | 199,853,000Source | 59,356,000Source | 26,947,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 21,148,000Source | 30,145,000Source | 11,250,000Source | 16,040,000Source |
| Operating Lease, Liability, CurrentUSD | 1,448,000Source | 1,512,000Source | 1,374,000Source | 1,533,000Source |
| Operating Lease, Liability, NoncurrentUSD | 6,050,000Source | 6,389,000Source | 7,028,000Source | 7,301,000Source |
| Other Liabilities, NoncurrentUSD | — | — | — | 0Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 15,838,000Source | 8,784,000Source | 5,343,000Source | 6,687,000Source |
| Long-term Debt, Current MaturitiesUSD | — | — | — | 1,671,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 35,825,000Source | 30,128,000Source | 63,850,000Source | 31,168,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 1,563,000Source | 1,109,000Source | 1,054,000Source | 1,423,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 22,657,000Source | 15,661,000Source | 21,919,000Source | 9,164,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 204,000Source | -137,000Source | 818,000Source | 337,000Source |
| Increase (Decrease) in InventoriesUSD | 2,398,000Source | 215,000Source | 237,000Source | 148,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -71,982,000Source | -42,643,000Source | -60,649,000Source | -45,226,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -251,135,000Source | -3,141,000Source | -630,000Source | -498,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 3,862,000Source | 2,106,000Source | 583,000Source | 423,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 10,259,000Source | 3,142,000Source | 416,000Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 779,149,000Source | 182,450,000Source | 95,636,000Source | 43,265,000Source |
| Repayments of Long-term DebtUSD | — | — | 1,465,000Source | 21,511,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 457,367,000Source | 136,673,000Source | 34,242,000Source | -2,418,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 635,347,000Source | 177,980,000Source | 41,307,000Source | 7,065,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 25,000Source | 5,183,000Source | — | — |
| Income Taxes Paid, NetUSD | 26,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 22,657,000Source | 15,661,000Source | 21,919,000Source | 9,164,000Source |
| Amortization of Debt Issuance CostsUSD | — | 0Source | 2,118,000Source | — |
| Amortization of Intangible AssetsUSD | 200,000Source | 100,000Source | 100,000Source | 100,000Source |
| DepreciationUSD | 1,400,000Source | 1,000,000Source | 900,000Source | 1,300,000Source |
| Equity Securities, FV-NI, Gain (Loss)USD | 800,000Source | — | — | — |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 1,000,000Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,836,000Source | 3,307,000Source | -955,000Source | 2,459,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | -3,900,000Source | 3,000,000Source | -1,000,000Source | 1,200,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | — | — | — | 1,257,000Source |
| Gain (Loss) on InvestmentsUSD | -159,000Source | 1,495,000Source | — | 0Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | 0Source |
| General and Administrative ExpenseUSD | 41,186,000Source | 32,422,000Source | 37,014,000Source | 21,539,000Source |
| Income Tax Expense (Benefit)USD | 0Source | — | — | — |
| InterestExpenseNonoperatingUSD | 4,013,000Source | — | — | — |
| InterestIncomeOperatingPaidInKindUSD | 3,947,000Source | — | — | — |
| Inventory Write-downUSD | 9,000Source | 134,000Source | 32,000Source | 66,000Source |
| Investment Income, InterestUSD | 24,115,000Source | — | — | — |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment LossUSD | — | — | — | 0Source |
| Marketable Securities, Unrealized Gain (Loss)USD | -159,000Source | 1,495,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | -355,062,000Source | -143,879,000Source | -82,715,000Source | -53,702,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -355,062,000Source | -143,879,000Source | -82,715,000Source | -53,702,000Source |
| Nonoperating Income (Expense)USD | -254,694,000Source | -66,656,000Source | -2,169,000Source | 5,756,000Source |
| Operating ExpensesUSD | 120,674,000Source | 82,786,000Source | 85,168,000Source | 63,708,000Source |
| Other Nonoperating Income (Expense)USD | -4,097,000Source | 4,636,000Source | -916,000Source | 2,547,000Source |
| Proceeds from Issuance of Common StockUSD | 37,787,000Source | 44,285,000Source | — | 40,000,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | 29,007,000Source | 20,000,000Source |
| Proceeds from Stock Options ExercisedUSD | 11,432,000Source | 1,347,000Source | 1,897,000Source | 1,077,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 24,587,000Source | 8,827,000Source | 8,758,000Source | 7,173,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Operating Income (Loss)USD | -100,368,000Source | -77,223,000Source | -80,546,000Source | -59,458,000Source |
| Other Nonoperating Income (Expense)USD | -4,097,000Source | 4,636,000Source | -916,000Source | 2,547,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -355,062,000Source | -143,879,000Source | -82,715,000Source | -53,702,000Source |
| Income Tax Expense (Benefit)USD | 0Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | -355,062,000Source | -143,879,000Source | -82,715,000Source | -53,702,000Source |
| Earnings Per Share, BasicUSD per share | -1.11Source | -0.75Source | -0.6Source | -0.45Source |
| Earnings Per Share, DilutedUSD per share | -1.11Source | -0.75Source | -0.6Source | -0.45Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 321,202,025Source | 192,129,049Source | 137,993,736Source | 119,647,777Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 321,202,025Source | 192,129,049Source | 137,993,736Source | 119,647,777Source |
| Interest Expense (non-operating)USD | 4,013,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 200,000Source | 100,000Source | 100,000Source | 100,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 1,000,000Source | — | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,836,000Source | 3,307,000Source | -955,000Source | 2,459,000Source |
| Foreign Currency Transaction Gain (Loss), RealizedUSD | -3,900,000Source | 3,000,000Source | -1,000,000Source | 1,200,000Source |
| Gain (Loss) on InvestmentsUSD | -159,000Source | 1,495,000Source | — | 0Source |
| General and Administrative ExpenseUSD | 41,186,000Source | 32,422,000Source | 37,014,000Source | 21,539,000Source |
| Gross ProfitUSD | 20,306,000Source | 5,563,000Source | 4,622,000Source | 4,250,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | -294,554,000Source | -113,553,000Source | -42,502,000Source | -11,214,000Source |
| Interest ExpenseUSD | — | — | — | 4,633,000Source |
| Interest Expense, DebtUSD | — | — | — | 1,808,000Source |
| InterestIncomeOperatingPaidInKindUSD | 3,947,000Source | — | — | — |
| Investment Income, InterestUSD | 24,115,000Source | — | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | -355,062,000Source | -143,879,000Source | -82,715,000Source | -53,702,000Source |
| Nonoperating Income (Expense)USD | -254,694,000Source | -66,656,000Source | -2,169,000Source | 5,756,000Source |
| Operating ExpensesUSD | 120,674,000Source | 82,786,000Source | 85,168,000Source | 63,708,000Source |
| Research and Development ExpenseUSD | 50,734,000Source | 35,300,000Source | 37,878,000Source | 32,101,000Source |
| Selling and Marketing ExpenseUSD | 28,754,000Source | 15,064,000Source | 10,276,000Source | 10,068,000Source |