D-Wave Quantum Inc. (QBTS)
NASDAQ: QBTS · Real-Time Price · USD
17.39
-0.31 (-1.75%)
Sep 22, 2026, 12:46 PM EDT - Market open
D-Wave Quantum Financials Overview
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Revenue Revenue Growth | 12.43 | 24.59 | 8.83 | 8.76 | 7.17 | 6.28 |
Revenue Growth | -44.22% | 178.54% | 0.79% | 22.10% | 14.24% | 21.69% |
Gross Profit Gross Profit Growth | 7.98 | 20.31 | 5.56 | 4.62 | 4.25 | 4.53 |
Operating Income Operating Income Growth | -170.58 | -100.37 | -77.22 | -80.55 | -59.46 | -38.95 |
Net Income Net Income Growth | -248.7 | -355.06 | -143.88 | -82.72 | -53.7 | -31.55 |
Earnings Per Share EPS Growth | -0.69 | -1.11 | -0.75 | -0.60 | -0.45 | -9.96 |
EPS Growth | - | - | - | - | - | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
System Sales System Sales Growth | 2.85 | 16.18 | - | - | - | - |
Quantum Computing as a Service (QCaaS) Quantum Computing as a Service (QCaaS) Growth | 6.36 | 5.52 | 6.75 | 4.9 | 5.62 | 4.42 |
Professional Services Professional Services Growth | 3.07 | 2.72 | 1.94 | 3.82 | 1.48 | 1.79 |
Other Product or Services Other Product or Services Growth | 0.14 | 0.17 | 0.14 | 0.05 | 0.08 | 0.07 |
Revenue (Total) Revenue (Total) Growth | 12.43 | 24.59 | 8.83 | 8.76 | 7.17 | 6.28 |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash & Investments Cash & Investments Growth | 546.22 | 884.48 | 177.98 | 41.31 | 7.07 | 9.48 |
Total Debt Total Debt Growth | 48.11 | 43.46 | 38.38 | 72.65 | 42.29 | 21.17 |
Net Cash (Debt) Net Cash Growth | 498.11 | 841.02 | 139.6 | -31.34 | -35.22 | -11.69 |
Net Cash Growth | -36.09% | 502.44% | - | - | - | - |
Net Cash Per Share Net Cash Per Share Growth | 1.39 | 2.62 | 0.73 | -0.23 | -0.29 | -3.69 |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Operating Cash Flow Operating Cash Flow Growth | -110.88 | -71.98 | -42.64 | -60.65 | -45.23 | -34.8 |
Capital Expenditures CapEx Growth | -8.2 | -3.86 | -2.11 | -0.58 | -0.42 | -1.77 |
Free Cash Flow Free Cash Flow Growth | -119.08 | -75.84 | -44.75 | -61.23 | -45.65 | -36.57 |
Free Cash Flow Growth | - | - | - | - | - | - |
| Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Gross Margin | 64.19% | 82.59% | 63.02% | 52.78% | 59.25% | 72.13% |
Operating Margin | -1372.88% | -408.22% | -874.85% | -919.68% | -828.91% | -620.29% |
Pretax Margin | -2230.51% | -1444.10% | -1629.99% | -944.45% | -748.67% | -502.39% |
Profit Margin | -2001.59% | -1444.11% | -1629.99% | -944.45% | -748.67% | -502.39% |
FCF Margin | -958.36% | -308.47% | -506.96% | -699.15% | -636.40% | -582.48% |
| Fiscal Year | Current | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Period Ending | Sep '26 Sep 22, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
PS Ratio | 530.56 | 372.38 | 256.13 | 16.07 | 22.39 | 58.65 |