D-Wave Quantum Inc. financial data

Symbol
QBTS, QBTS-WT on NYSE
Industry
Services-Computer Processing & Data Preparation
Location
2650 East Bayshore Road, Palo Alto, CA
State of incorporation
DE
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 171 % +122%
Quick Ratio 7.85 % -31%
Debt-to-equity -345 % -103%
Return On Equity 274 % +14.6%
Return On Assets -112 % +60.7%
Operating Margin -705 % +36.3%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 158M shares +59.4%
Common Stock, Shares, Outstanding 186M shares +45.3%
Entity Public Float 126M USD
Common Stock, Value, Issued 18K USD +50%
Weighted Average Number of Shares Outstanding, Basic 172M shares +35.2%
Weighted Average Number of Shares Outstanding, Diluted 172M shares +35.2%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 10.1M USD +37.1%
Cost of Revenue 3.57M USD -7.22%
Research and Development Expense 34.3M USD -10.5%
Selling and Marketing Expense 12.4M USD +2.11%
General and Administrative Expense 31.2M USD -10.4%
Operating Income (Loss) -71.3M USD +12.7%
Nonoperating Income (Expense) 4.09M USD +226%
Net Income (Loss) Attributable to Parent -67.2M USD +16.5%
Earnings Per Share, Basic -0.4 USD/shares +40.3%
Earnings Per Share, Diluted -0.4 USD/shares +40.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 1.57M USD +95.5%
Inventory, Net 2.13M USD -8.56%
Assets, Current 46.9M USD +265%
Property, Plant and Equipment, Net 3.21M USD +79.2%
Operating Lease, Right-of-Use Asset 7.58M USD -13%
Intangible Assets, Net (Excluding Goodwill) 408K USD +99%
Other Assets, Noncurrent 3.71M USD +174%
Assets 61.8M USD +148%
Employee-related Liabilities, Current 2.53M USD -15.9%
Accrued Liabilities, Current 5.04M USD -53.4%
Contract with Customer, Liability, Current 2.59M USD -8.38%
Liabilities, Current 42.9M USD +26.9%
Contract with Customer, Liability, Noncurrent 33K USD -72.5%
Operating Lease, Liability, Noncurrent 6.81M USD -4.87%
Other Liabilities, Noncurrent 0 USD -100%
Liabilities 83.3M USD +9.01%
Accumulated Other Comprehensive Income (Loss), Net of Tax -10.4M USD +0.37%
Retained Earnings (Accumulated Deficit) -518M USD -14.9%
Stockholders' Equity Attributable to Parent -21.5M USD +58.3%
Liabilities and Equity 61.8M USD +148%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -12.1M USD +10.7%
Net Cash Provided by (Used in) Financing Activities -726K USD -105%
Net Cash Provided by (Used in) Investing Activities -1.21M USD -1486%
Common Stock, Shares Authorized 675M shares 0%
Common Stock, Shares, Issued 186M shares +45.3%
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 -14M USD -828%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 40.9M USD +444%
Deferred Tax Assets, Valuation Allowance 111M USD +3.8%
Deferred Tax Assets, Gross 112M USD +4.25%
Operating Lease, Liability 8.4M USD
Depreciation 800K USD -33.3%
Payments to Acquire Property, Plant, and Equipment 305K USD +377%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -67.2M USD +16.5%
Lessee, Operating Lease, Liability, to be Paid 13.1M USD -7.99%
Property, Plant and Equipment, Gross 27.7M USD +8.81%
Operating Lease, Liability, Current 1.48M USD +1.09%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.19M USD -11.5%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.37M USD -10.4%
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure -47.1%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 4.69M USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.22M USD +7.21%
Deferred Tax Assets, Operating Loss Carryforwards 54.6M USD -1.45%
Preferred Stock, Shares Issued 0 shares -100%
Preferred Stock, Shares Authorized 0 shares -100%
Unrecognized Tax Benefits 700K USD +1.6%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.25M USD +7.11%
Additional Paid in Capital 507M USD +23.7%
Preferred Stock, Shares Outstanding 0 shares -100%
Depreciation, Depletion and Amortization 229K USD -32.4%
Deferred Tax Assets, Net of Valuation Allowance 807K USD +155%
Share-based Payment Arrangement, Expense 18.2M USD -4.56%
Interest Expense 4.78M USD +237%