D-Wave Quantum Inc. (QBTS)

D-Wave Quantum Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	9.42	8.76	7.17	6.28	5.16
Revenue Growth (YoY)	14.27%	22.10%	14.24%	21.69%	-
Cost of Revenue	3.37	4.14	2.92	1.75	0.92
Gross Profit	6.06	4.62	4.25	4.53	4.25
Selling, General & Admin	46.09	47.29	31.61	18.34	15.57
Research & Development	33.5	37.88	32.1	25.13	20.14
Operating Expenses	79.59	85.17	63.71	43.48	35.71
Operating Income	-73.53	-80.55	-59.46	-38.95	-31.47
Interest Expense	-1.7	-2.16	-2.34	-1.73	-5.26
Currency Exchange Gain (Loss)	-	-	-	0.6	0.6
Other Non Operating Income (Expenses)	1.27	-0.65	8.09	7.37	22.23
EBT Excluding Unusual Items	-73.96	-83.36	-53.7	-32.71	-13.89
Gain (Loss) on Sale of Investments	1.5	-	-	1.16	-
Other Unusual Items	-1.35	0.64	-	-	3.87
Pretax Income	-73.82	-82.72	-53.7	-31.55	-10.02
Net Income	-73.82	-82.72	-53.7	-31.55	-10.02
Net Income to Common	-73.82	-82.72	-53.7	-31.55	-10.02
Shares Outstanding (Basic)	173	138	120	3	-
Shares Outstanding (Diluted)	173	138	120	3	-
Shares Change (YoY)	37.05%	15.33%	3678.01%	-	-
EPS (Basic)	-0.43	-0.60	-0.45	-9.96	-
EPS (Diluted)	-0.43	-0.60	-0.45	-9.96	-
Free Cash Flow	-61	-61.23	-45.65	-36.57	-30.02
Free Cash Flow Per Share	-0.35	-0.44	-0.38	-11.55	-
Gross Margin	64.27%	52.77%	59.25%	72.13%	82.27%
Operating Margin	-780.27%	-919.68%	-828.91%	-620.29%	-609.83%
Profit Margin	-783.28%	-944.45%	-748.67%	-502.39%	-194.17%
Free Cash Flow Margin	-647.25%	-699.16%	-636.40%	-582.48%	-581.84%
EBITDA	-72.51	-79.49	-58.04	-37.41	-29.58
D&A For EBITDA	1.02	1.05	1.42	1.53	1.89
EBIT	-73.53	-80.55	-59.46	-38.95	-31.47

Source: S&P Capital IQ. Standard template. Financial Sources.