D-Wave Quantum Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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 & Equivalents	635.35	177.98	41.31	7.07	9.48
Short-Term Investments	249.13	-	-	-	-
Cash & Short-Term Investments	884.48	177.98	41.31	7.07	9.48
Cash Growth	396.95%	330.87%	484.67%	-25.50%	-55.55%
Accounts Receivable	1.59	1.42	1.65	0.76	0.42
Other Receivables	-	-	-	0.26	1.63
Total Trade Receivables	1.59	1.42	1.65	1.02	2.05
Inventory	2.78	1.69	2.08	2.2	2.11
Other Current Assets	7.39	3.95	2.01	3.64	2.37
Total Current Assets	896.23	185.04	47.05	13.93	16.02
Net Property, Plant & Equipment	14.36	11.39	10.77	11.43	11.83
Other Intangible Assets	0.92	0.49	0.18	0.24	0.27
Other Long-Term Assets	4.31	2.93	1.36	1.35	1.35
Total Assets	915.81	199.85	59.36	26.95	29.47
Accounts Payable	0.95	0.82	1.47	3.76	2.11
Accrued Expenses	15.84	8.78	5.34	6.69	3.59
Short-Term Debt	0.13	0.35	0.4	2.28	0.39
Current Portion of Leases	1.45	1.51	1.37	1.53	1.69
Unearned Revenue	2.78	18.69	2.67	1.78	2.67
Total Current Liabilities	21.15	30.15	11.25	16.04	10.45
Long-Term Debt	35.83	30.13	63.85	31.17	30.31
Long-Term Leases	6.05	6.39	7.03	7.3	6.99
Other Long-Term Liabilities	0.56	70.55	1.71	1.9	0.07
Total Long-Term Liabilities	42.44	107.06	72.59	40.37	37.38
Total Liabilities	63.58	137.21	83.84	56.41	47.82
Preferred Stock	-	-	-	-	189.88
Common Stock	0.04	0.03	0.02	0.01	-
Additional Paid-in Capital	1,843	700.07	469.08	381.27	148.85
Accumulated Other Comprehensive Income	-9.02	-10.51	-10.52	-10.4	-10.44
Retained Earnings	-982	-626.94	-483.06	-400.35	-346.64
Shareholders' Equity	852.23	62.65	-24.48	-29.46	-18.36
Total Liabilities & Equity	915.81	199.85	59.36	26.95	29.47
Total Debt	43.46	38.38	72.65	42.29	39.38
Net Cash (Debt)	841.02	139.6	-31.34	-35.22	-29.9
Net Cash Growth	502.44%	-	-	-	-
Net Cash Per Share	2.62	0.73	-0.23	-0.29	-0.24
Book Value	852.23	62.65	-24.48	-29.46	-18.36
Book Value Per Share	2.65	0.33	-0.18	-0.25	-0.15
Tangible Book Value	851.32	62.16	-24.66	-29.71	-18.63
Tangible Book Value Per Share	2.65	0.32	-0.18	-0.25	-0.15

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q