D-Wave Quantum Inc. (BIT:1QBTS)

D-Wave Quantum Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	22.28	8.83	8.76	7.17	6.28	5.16
Revenue Growth (YoY)	120.20%	0.79%	22.10%	14.24%	21.69%	-
Cost of Revenue	3.91	3.26	4.14	2.92	1.75	0.92
Gross Profit	18.37	5.56	4.62	4.25	4.53	4.25
Selling, General & Admin	55.63	47.49	47.29	31.61	18.08	15.3
Research & Development	41.4	35.3	37.88	32.1	25.4	20.41
Operating Income	-78.66	-77.22	-80.55	-59.46	-38.95	-31.47
Interest Expense	-2.03	-3.9	-0.04	-2.34	-4.01	-5.18
Other Non-Operating Income (Expense)	-207.46	-67.4	-2.13	5.54	1.16	11.71
Total Non-Operating Income (Expense)	-209.49	-71.29	-2.17	3.21	-2.85	6.53
Pretax Income	-288.15	-148.52	-82.72	-56.25	-41.8	-24.94
Net Income	-281.54	-143.88	-82.72	-53.7	-40.97	-21.97
Net Income to Common	-281.54	-143.88	-82.72	-53.7	-40.97	-21.97
Shares Outstanding (Basic)	256	192	138	120	125	127
Shares Outstanding (Diluted)	256	192	138	120	125	127
Shares Change (YoY)	63.90%	39.23%	15.33%	-4.54%	-1.43%	-
EPS (Basic)	-1.11	-0.75	-0.60	-0.45	-0.33	-0.17
EPS (Diluted)	-1.11	-0.75	-0.60	-0.45	-0.33	-0.17
Free Cash Flow	-53.06	-44.75	-61.23	-45.65	-36.57	-30.02
Free Cash Flow Per Share	-0.21	-0.23	-0.44	-0.38	-0.29	-0.24
Gross Margin	82.46%	63.02%	52.77%	59.25%	72.13%	82.27%
Operating Margin	-353.14%	-874.85%	-919.68%	-828.91%	-620.29%	-609.83%
Profit Margin	-1293.61%	-1682.51%	-944.45%	-784.18%	-665.68%	-483.26%
FCF Margin	-238.22%	-506.96%	-699.16%	-636.40%	-582.48%	-581.84%
EBITDA	-76.58	-75.29	-78.7	-57.13	-36.35	-28.74
EBITDA Margin	-343.78%	-852.96%	-898.62%	-796.39%	-578.85%	-557.00%
EBIT	-78.66	-77.22	-80.55	-59.46	-38.95	-31.47
EBIT Margin	-353.14%	-874.85%	-919.68%	-828.91%	-620.29%	-609.83%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.