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
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	819.31	177.98	41.31	7.07	9.48
Cash & Short-Term Investments	819.31	177.98	41.31	7.07	9.48
Cash Growth	1905.12%	330.87%	484.67%	-25.50%	-
Accounts Receivable	1.44	1.42	1.65	0.76	0.42
Other Receivables	-	-	-	0.26	1.63
Total Trade Receivables	1.44	1.42	1.65	1.02	2.05
Inventory	2.45	1.69	2.08	2.2	2.11
Other Current Assets	5.34	3.95	2.01	3.64	2.37
Total Current Assets	828.54	185.04	47.05	13.93	16.02
Net Property, Plant & Equipment	11.42	11.39	10.77	11.43	11.83
Other Intangible Assets	0.59	0.49	0.18	0.24	0.27
Other Long-Term Assets	3.06	2.93	1.36	1.35	1.35
Total Assets	843.6	199.85	59.36	26.95	29.47
Accounts Payable	1.19	0.82	1.47	3.76	2.11
Accrued Expenses	11.58	8.78	5.34	6.69	3.59
Short-Term Debt	-	0.35	0.4	2.28	0.39
Current Portion of Leases	1.6	1.51	1.37	1.53	1.69
Unearned Revenue	4.91	18.69	2.67	1.78	2.67
Total Current Liabilities	19.27	30.15	11.25	16.04	10.45
Long-Term Debt	32.06	30.13	63.85	31.17	30.31
Long-Term Leases	6.32	6.39	7.03	7.3	6.99
Other Long-Term Liabilities	91.69	70.55	1.71	1.9	0.07
Total Long-Term Liabilities	130.07	107.06	72.59	40.37	37.38
Total Liabilities	149.35	137.21	83.84	56.41	47.82
Preferred Stock	-	-	-	-	189.88
Common Stock	0.03	0.03	0.02	0.01	-
Additional Paid-in Capital	1,503	700.07	469.08	381.27	148.85
Accumulated Other Comprehensive Income	-9.23	-10.51	-10.52	-10.4	-10.44
Retained Earnings	-799.69	-626.94	-483.06	-400.35	-346.64
Shareholders' Equity	694.25	62.65	-24.48	-29.46	-18.36
Total Liabilities & Equity	843.6	199.85	59.36	26.95	29.47
Total Debt	39.98	38.38	72.65	42.29	39.38
Net Cash (Debt)	779.33	139.6	-31.34	-35.22	-29.9
Net Cash Growth	458.25%	-	-	-	-
Net Cash Per Share	3.04	0.73	-0.23	-0.29	-0.24
Book Value	694.25	62.65	-24.48	-29.46	-18.36
Book Value Per Share	2.71	0.33	-0.18	-0.25	-0.15
Tangible Book Value	693.67	62.16	-24.66	-29.71	-18.63
Tangible Book Value Per Share	2.71	0.32	-0.18	-0.25	-0.15

Updated Aug 7, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q