D-Wave Quantum Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	9.64	8.76	7.17	6.28	5.16
Revenue Growth (YoY)	36.85%	22.10%	14.24%	21.69%	-
Cost of Revenue	3.78	4.14	2.92	1.75	0.92
Gross Profit	5.86	4.62	4.25	4.53	4.25
Selling, General & Admin	43.74	47.29	31.61	18.08	15.3
Research & Development	35.49	37.88	32.1	25.4	20.41
Operating Expenses	79.23	85.17	63.71	43.48	35.71
Operating Income	-73.37	-80.55	-59.46	-38.95	-31.47
Interest Expense / Income	0.97	0.04	2.34	1.73	5.26
Other Expense / Income	1.28	2.13	-8.09	-9.13	-26.71
Pretax Income	-75.62	-82.72	-53.7	-31.55	-10.02
Net Income	-75.62	-82.72	-53.7	-31.55	-10.02
Shares Outstanding (Basic)	161	138	120	125	127
Shares Outstanding (Diluted)	161	138	120	125	127
Shares Change	30.99%	15.33%	-4.54%	-1.43%	-
EPS (Basic)	-0.53	-0.60	-0.45	-0.25	-0.08
EPS (Diluted)	-0.53	-0.60	-0.45	-0.25	-0.08
Free Cash Flow	-60.21	-61.28	-45.72	-36.8	-30.08
Free Cash Flow Per Share	-0.37	-0.44	-0.38	-0.29	-0.24
Gross Margin	60.79%	52.77%	59.25%	72.13%	82.27%
Operating Margin	-761.12%	-919.68%	-828.91%	-620.29%	-609.83%
Profit Margin	-784.45%	-944.45%	-748.67%	-502.39%	-194.17%
Free Cash Flow Margin	-624.55%	-699.69%	-637.45%	-586.06%	-582.87%
EBITDA	-72.93	-80.83	-49.03	-27.22	-1.84
EBITDA Margin	-756.51%	-922.96%	-683.59%	-433.43%	-35.56%
Depreciation & Amortization	1.73	1.85	2.33	2.6	2.93
EBIT	-74.66	-82.68	-51.37	-29.82	-4.76
EBIT Margin	-774.44%	-944.03%	-716.12%	-474.87%	-92.29%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).