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	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	Dec '20 Dec 31, 2020
Cash & Equivalents	819.31	177.98	41.31	7.07	9.48	21.34
Cash & Short-Term Investments	819.31	177.98	41.31	7.07	9.48	21.34
Cash Growth	1905.12%	330.87%	484.67%	-25.50%	-55.55%	-
Accounts Receivable	1.44	1.42	1.65	0.82	0.44	0.6
Other Receivables	1	-	-	0.26	4.77	15.59
Receivables	2.44	1.42	1.65	1.08	5.21	16.19
Inventory	2.45	1.69	2.08	2.2	2.11	2.52
Prepaid Expenses	2.62	3.11	1.47	2.99	0.52	0.6
Other Current Assets	1.72	0.85	0.54	0.6	1.83	0.64
Total Current Assets	828.54	185.04	47.05	13.93	19.16	41.28
Property, Plant & Equipment	11.42	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	0.59	0.49	0.18	0.24	0.27	0.15
Long-Term Deferred Charges	0.29	0.17	-	-	-	-
Other Long-Term Assets	0.2	0.18	0.19	0.18	0.18	0.18
Total Assets	843.6	199.85	59.36	26.95	32.61	47.46
Accounts Payable	1.19	0.82	1.47	3.76	2.11	2.18
Accrued Expenses	11.58	8.78	5.34	6.64	3.55	3.18
Short-Term Debt	-	-	-	0.42	-	-
Current Portion of Long-Term Debt	-	0.35	0.4	1.86	0.26	0.36
Current Portion of Leases	1.6	1.51	1.37	1.53	1.69	1.54
Current Unearned Revenue	4.91	18.69	2.67	1.78	2.67	4.71
Other Current Liabilities	-	-	-	0.05	0.02	-
Total Current Liabilities	19.27	30.15	11.25	16.04	10.3	11.97
Long-Term Debt	32.06	30.13	63.85	31.17	12.23	1.32
Long-Term Leases	6.32	6.39	7.03	7.3	6.99	1.44
Long-Term Unearned Revenue	0.65	0.67	0.08	0.01	0.05	-
Other Long-Term Liabilities	91.04	69.88	1.63	1.89	0.02	-
Total Liabilities	149.35	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	1,503	700.07	469.08	381.27	148.85	144.54
Retained Earnings	-799.69	-626.94	-483.06	-400.35	-325.27	-293.72
Comprehensive Income & Other	-9.23	-10.51	-10.52	-10.4	-10.44	-10.46
Total Common Equity	694.25	62.65	-24.48	-29.46	-186.86	-157.15
Shareholders' Equity	694.25	62.65	-24.48	-29.46	3.02	32.73
Total Liabilities & Equity	843.6	199.85	59.36	26.95	32.61	47.46
Total Debt	39.98	38.38	72.65	42.29	21.17	4.66
Net Cash (Debt)	779.33	139.6	-31.34	-35.22	-11.69	16.68
Net Cash Per Share	3.04	0.73	-0.23	-0.29	-3.69	-
Filing Date Shares Outstanding	342.02	291.35	161.68	127.17	3.17	127.16
Total Common Shares Outstanding	339.84	266.6	161.12	113.34	3.17	127.16
Working Capital	809.27	154.9	35.8	-2.12	8.86	29.31
Book Value Per Share	2.04	0.23	-0.15	-0.26	-59.00	-
Tangible Book Value	693.67	62.16	-24.66	-29.71	-187.13	-157.3
Tangible Book Value Per Share	2.04	0.23	-0.15	-0.26	-59.09	-
Machinery	26.35	26.42	24.64	24.24	23.69	21.69
Construction In Progress	1.06	0.84	0.89	0.09	0.29	0.5
Leasehold Improvements	2.21	1.89	1.08	1.08	1.07	1.07

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q