D-Wave Quantum Inc. financial data

Symbol
QBTS on NYSE
Location
Palo Alto, CA
Fiscal year end
31 December
Latest financial report
10-Q - Q3 2025 - 06 Nov 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 2718% % 1418%
Quick Ratio 11% % 20%
Debt-to-equity 37% %
Return On Equity -98% % -133%
Return On Assets -71% % 47%
Operating Margin -355% % 54%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 346,718,581 shares 92%
Common Stock, Shares, Outstanding 345,971,195 shares 66%
Entity Public Float $136,725,126 USD 8.6%
Common Stock, Value, Issued $34,000 USD 70%
Weighted Average Number of Shares Outstanding, Basic 342,204,831 shares 70%
Weighted Average Number of Shares Outstanding, Diluted 342,204,831 shares 70%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $24,144,000 USD 156%
Cost of Revenue $4,149,000 USD 23%
Research and Development Expense $46,809,000 USD 40%
Selling and Marketing Expense $24,330,000 USD 78%
General and Administrative Expense $34,617,000 USD 6.7%
Operating Income (Loss) $85,761,000 USD -17%
Nonoperating Income (Expense) $313,052,000 USD -110519%
Net Income (Loss) Attributable to Parent $398,813,000 USD -440%
Earnings Per Share, Basic -1 USD/shares -262%
Earnings Per Share, Diluted -1 USD/shares -262%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $836,231,000 USD
Accounts Receivable, after Allowance for Credit Loss, Current $1,927,000 USD 32%
Inventory, Net $2,831,000 USD 49%
Assets, Current $848,139,000 USD 2318%
Property, Plant and Equipment, Net $5,608,000 USD 64%
Operating Lease, Right-of-Use Asset $6,716,000 USD -12%
Intangible Assets, Net (Excluding Goodwill) $803,000 USD 84%
Other Assets, Noncurrent $4,554,000 USD 52%
Assets $865,820,000 USD 1647%
Employee-related Liabilities, Current $6,166,000 USD 58%
Accrued Liabilities, Current $9,496,000 USD 44%
Contract with Customer, Liability, Current $3,389,000 USD 16%
Liabilities, Current $15,512,000 USD -40%
Contract with Customer, Liability, Noncurrent $629,000 USD 1004%
Operating Lease, Liability, Noncurrent $6,101,000 USD -12%
Liabilities $195,266,000 USD 194%
Accumulated Other Comprehensive Income (Loss), Net of Tax $9,126,000 USD 14%
Retained Earnings (Accumulated Deficit) $939,676,000 USD -74%
Stockholders' Equity Attributable to Parent $670,554,000 USD
Liabilities and Equity $865,820,000 USD 1647%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $19,279,000 USD -59%
Net Cash Provided by (Used in) Financing Activities $145,620,000 USD
Net Cash Provided by (Used in) Investing Activities $498,000 USD 59%
Common Stock, Shares Authorized 675,000,000 shares 0%
Common Stock, Shares, Issued 345,971,195 shares 66%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $126,341,000 USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $836,231,000 USD 2757%
Deferred Tax Assets, Valuation Allowance $129,107,000 USD 16%
Deferred Tax Assets, Gross $130,132,000 USD 16%
Operating Lease, Liability $7,901,000 USD -6%
Depreciation $1,300,000 USD 62%
Payments to Acquire Property, Plant, and Equipment $438,000 USD 44%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $397,340,000 USD -437%
Lessee, Operating Lease, Liability, to be Paid $11,717,000 USD -10%
Property, Plant and Equipment, Gross $31,049,000 USD 10%
Operating Lease, Liability, Current $1,491,000 USD -5.6%
Lessee, Operating Lease, Liability, to be Paid, Year Two $1,392,000 USD 17%
Lessee, Operating Lease, Liability, to be Paid, Year One $1,512,000 USD 10%
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure 11%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $3,816,000 USD -19%
Lessee, Operating Lease, Liability, to be Paid, Year Three $1,272,000 USD 4.3%
Deferred Tax Assets, Operating Loss Carryforwards $64,583,000 USD 18%
Lessee, Operating Lease, Liability, to be Paid, Year Four $1,293,000 USD 3.4%
Additional Paid in Capital $1,619,322,000 USD 203%
Depreciation, Depletion and Amortization $376,000 USD 64%
Deferred Tax Assets, Net of Valuation Allowance $1,025,000 USD 27%
Share-based Payment Arrangement, Expense $20,996,000 USD 28%