D-Wave Quantum Inc. financial data

Symbol
QBTS, QBTS-WT on NYSE
Location
2650 East Bayshore Road, Palo Alto, CA
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2025 - Nov 6, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 2.72K % +1418%
Quick Ratio 10.8 % +20.4%
Debt-to-equity 36.7 %
Return On Equity -97.6 % -133%
Return On Assets -71.4 % +47%
Operating Margin -355 % +54.5%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 347M shares +92.4%
Common Stock, Shares, Outstanding 346M shares +66.4%
Entity Public Float 137M USD +8.61%
Common Stock, Value, Issued 34K USD +70%
Weighted Average Number of Shares Outstanding, Basic 342M shares +69.8%
Weighted Average Number of Shares Outstanding, Diluted 342M shares +69.8%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 24.1M USD +156%
Cost of Revenue 4.15M USD +23.2%
Research and Development Expense 46.8M USD +39.7%
Selling and Marketing Expense 24.3M USD +78.2%
General and Administrative Expense 34.6M USD +6.73%
Operating Income (Loss) -85.8M USD -16.6%
Nonoperating Income (Expense) -313M USD -110519%
Net Income (Loss) Attributable to Parent -399M 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 836M USD
Accounts Receivable, after Allowance for Credit Loss, Current 1.93M USD +32.3%
Inventory, Net 2.83M USD +48.8%
Assets, Current 848M USD +2318%
Property, Plant and Equipment, Net 5.61M USD +64.3%
Operating Lease, Right-of-Use Asset 6.72M USD -12.1%
Intangible Assets, Net (Excluding Goodwill) 803K USD +84.2%
Other Assets, Noncurrent 4.55M USD +52.4%
Assets 866M USD +1647%
Employee-related Liabilities, Current 6.17M USD +58.3%
Accrued Liabilities, Current 9.5M USD +44.5%
Contract with Customer, Liability, Current 3.39M USD +16.5%
Liabilities, Current 15.5M USD -39.9%
Contract with Customer, Liability, Noncurrent 629K USD +1004%
Operating Lease, Liability, Noncurrent 6.1M USD -12.4%
Liabilities 195M USD +194%
Accumulated Other Comprehensive Income (Loss), Net of Tax -9.13M USD +13.9%
Retained Earnings (Accumulated Deficit) -940M USD -73.7%
Stockholders' Equity Attributable to Parent 671M USD
Liabilities and Equity 866M USD +1647%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -19.3M USD -59.1%
Net Cash Provided by (Used in) Financing Activities 146M USD
Net Cash Provided by (Used in) Investing Activities -498K USD +58.7%
Common Stock, Shares Authorized 675M shares 0%
Common Stock, Shares, Issued 346M shares +66.4%
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 126M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 836M USD +2757%
Deferred Tax Assets, Valuation Allowance 129M USD +16.3%
Deferred Tax Assets, Gross 130M USD +16.4%
Operating Lease, Liability 7.9M USD -5.96%
Depreciation 1.3M USD +62.5%
Payments to Acquire Property, Plant, and Equipment 438K USD +43.6%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -397M USD -437%
Lessee, Operating Lease, Liability, to be Paid 11.7M USD -10.5%
Property, Plant and Equipment, Gross 31M USD +10.3%
Operating Lease, Liability, Current 1.49M USD -5.63%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.39M USD +17.3%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.51M USD +10%
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure +10.5%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 3.82M USD -18.6%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.27M USD +4.35%
Deferred Tax Assets, Operating Loss Carryforwards 64.6M USD +18.2%
Unrecognized Tax Benefits 700K USD +1.6%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.29M USD +3.36%
Additional Paid in Capital 1.62B USD +203%
Depreciation, Depletion and Amortization 376K USD +64.2%
Deferred Tax Assets, Net of Valuation Allowance 1.03M USD +27%
Share-based Payment Arrangement, Expense 21M USD +28.5%
Interest Expense 4.78M USD +237%