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 - Q1 2025 - May 8, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 507 % +232%
Quick Ratio 6.51 % -25.8%
Debt-to-equity 175 %
Return On Equity -228 % -197%
Return On Assets -82.9 % +44.4%
Operating Margin -332 % +56.3%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 288M shares +146%
Common Stock, Shares, Outstanding 291M shares +80.2%
Entity Public Float 137M USD +8.61%
Common Stock, Value, Issued 29K USD +81.3%
Weighted Average Number of Shares Outstanding, Basic 286M shares +77.6%
Weighted Average Number of Shares Outstanding, Diluted 286M shares +77.6%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 21.4M USD +122%
Cost of Revenue 3.58M USD -5.24%
Research and Development Expense 37.1M USD +4.44%
Selling and Marketing Expense 18.9M USD +80.7%
General and Administrative Expense 32.8M USD -1.42%
Operating Income (Loss) -71M USD +3.24%
Nonoperating Income (Expense) -61M USD -2612%
Net Income (Loss) Attributable to Parent -132M USD -74.5%
Earnings Per Share, Basic -1 USD/shares -29.4%
Earnings Per Share, Diluted -1 USD/shares -29.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 304M USD
Accounts Receivable, after Allowance for Credit Loss, Current 1.05M USD -39.7%
Inventory, Net 1.7M USD -18.1%
Assets, Current 311M USD +823%
Property, Plant and Equipment, Net 4M USD +37.5%
Operating Lease, Right-of-Use Asset 7.08M USD -10.1%
Intangible Assets, Net (Excluding Goodwill) 531K USD +75.8%
Other Assets, Noncurrent 3.12M USD -18.5%
Assets 326M USD +570%
Employee-related Liabilities, Current 2.39M USD +14.8%
Accrued Liabilities, Current 6.56M USD +9.14%
Contract with Customer, Liability, Current 5.55M USD +178%
Liabilities, Current 15M USD +38.1%
Contract with Customer, Liability, Noncurrent 700K USD +75.4%
Operating Lease, Liability, Noncurrent 6.21M USD -11%
Liabilities 118M USD +38.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax -10M USD +4.37%
Retained Earnings (Accumulated Deficit) -632M USD -26.4%
Stockholders' Equity Attributable to Parent 207M USD
Liabilities and Equity 326M USD +570%

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 291M shares +80.2%
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 304M USD +1015%
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 1.1M USD +37.5%
Payments to Acquire Property, Plant, and Equipment 438K USD +43.6%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -132M USD -73.8%
Lessee, Operating Lease, Liability, to be Paid 11.7M USD -10.5%
Property, Plant and Equipment, Gross 28.8M USD +6.18%
Operating Lease, Liability, Current 1.53M USD +5.32%
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 850M USD +79.3%
Depreciation, Depletion and Amortization 376K USD +64.2%
Deferred Tax Assets, Net of Valuation Allowance 1.03M USD +27%
Share-based Payment Arrangement, Expense 16.1M USD -13.5%
Interest Expense 4.78M USD +237%