D-Wave Quantum Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	304.32	177.98	41.31	7.07	9.48	21.34
Cash & Short-Term Investments	304.32	177.98	41.31	7.07	9.48	21.34
Cash Growth	1014.57%	330.87%	484.67%	-25.50%	-55.55%	-
Accounts Receivable	1.05	1.42	1.65	0.82	0.44	0.6
Other Receivables	-	-	-	0.26	4.77	15.59
Receivables	1.05	1.42	1.65	1.08	5.21	16.19
Inventory	1.7	1.69	2.08	2.2	2.11	2.52
Prepaid Expenses	3.18	3.11	1.47	2.99	0.52	0.6
Other Current Assets	0.62	0.85	0.54	0.6	1.83	0.64
Total Current Assets	310.87	185.04	47.05	13.93	19.16	41.28
Property, Plant & Equipment	11.08	11.39	10.77	11.43	11.83	5.84
Long-Term Investments	2.57	2.57	1.17	1.17	1.17	0.01
Other Intangible Assets	0.53	0.49	0.18	0.24	0.27	0.15
Long-Term Deferred Charges	0.37	0.17	-	-	-	-
Other Long-Term Assets	0.18	0.18	0.19	0.18	0.18	0.18
Total Assets	325.6	199.85	59.36	26.95	32.61	47.46
Accounts Payable	1.02	0.82	1.47	3.76	2.11	2.18
Accrued Expenses	6.56	8.78	5.34	6.64	3.55	3.18
Short-Term Debt	-	-	-	0.42	-	-
Current Portion of Long-Term Debt	0.35	0.35	0.4	1.86	0.26	0.36
Current Portion of Leases	1.53	1.51	1.37	1.53	1.69	1.54
Current Unearned Revenue	5.55	18.69	2.67	1.78	2.67	4.71
Other Current Liabilities	-	-	-	0.05	0.02	-
Total Current Liabilities	15	30.15	11.25	16.04	10.3	11.97
Long-Term Debt	30.37	30.13	63.85	31.17	12.23	1.32
Long-Term Leases	6.21	6.39	7.03	7.3	6.99	1.44
Long-Term Unearned Revenue	0.7	0.67	0.08	0.01	0.05	-
Other Long-Term Liabilities	65.93	69.88	1.63	1.89	0.02	-
Total Liabilities	118.21	137.21	83.84	56.41	29.59	14.73
Common Stock	0.03	0.03	0.02	0.01	-	2.49
Additional Paid-In Capital	849.73	700.07	469.08	381.27	148.85	144.54
Retained Earnings	-632.36	-626.94	-483.06	-400.35	-325.27	-293.72
Comprehensive Income & Other	-10.01	-10.51	-10.52	-10.4	-10.44	-10.46
Total Common Equity	207.39	62.65	-24.48	-29.46	-186.86	-157.15
Shareholders' Equity	207.39	62.65	-24.48	-29.46	3.02	32.73
Total Liabilities & Equity	325.6	199.85	59.36	26.95	32.61	47.46
Total Debt	38.45	38.38	72.65	42.29	21.17	4.66
Net Cash (Debt)	265.87	139.6	-31.34	-35.22	-11.69	16.68
Net Cash Per Share	1.19	0.73	-0.23	-0.29	-3.69	-
Filing Date Shares Outstanding	292.19	291.35	161.68	127.17	3.17	127.16
Total Common Shares Outstanding	294.87	266.6	161.12	113.34	3.17	127.16
Working Capital	295.87	154.9	35.8	-2.12	8.86	29.31
Book Value Per Share	0.70	0.23	-0.15	-0.26	-59.00	-
Tangible Book Value	206.86	62.16	-24.66	-29.71	-187.13	-157.3
Tangible Book Value Per Share	0.70	0.23	-0.15	-0.26	-59.09	-
Machinery	26.01	26.42	24.64	24.24	23.69	21.69
Construction In Progress	0.6	0.84	0.89	0.09	0.29	0.5
Leasehold Improvements	2.21	1.89	1.08	1.08	1.07	1.07

Source: S&P Global Market Intelligence. Standard template. Financial Sources.