D-Wave Quantum Inc. (QBTS)

D-Wave Quantum Balance Sheet

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	177.98	41.31	7.07	9.48	21.34
Cash & Short-Term Investments	177.98	41.31	7.07	9.48	21.34
Cash Growth	330.87%	484.67%	-25.50%	-55.55%	-
Accounts Receivable	1.42	1.65	0.82	0.44	0.6
Other Receivables	-	-	0.26	4.77	15.59
Receivables	1.42	1.65	1.08	5.21	16.19
Inventory	1.69	2.08	2.2	2.11	2.52
Prepaid Expenses	3.11	1.47	2.99	0.52	0.6
Other Current Assets	0.85	0.54	0.6	1.83	0.64
Total Current Assets	185.04	47.05	13.93	19.16	41.28
Property, Plant & Equipment	11.39	10.77	11.43	11.83	5.84
Long-Term Investments	2.57	1.17	1.17	1.17	0.01
Other Intangible Assets	0.49	0.18	0.24	0.27	0.15
Long-Term Deferred Charges	0.17	-	-	-	-
Other Long-Term Assets	0.18	0.19	0.18	0.18	0.18
Total Assets	199.85	59.36	26.95	32.61	47.46
Accounts Payable	0.82	1.47	3.76	2.11	2.18
Accrued Expenses	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	1.51	1.37	1.53	1.69	1.54
Current Unearned Revenue	18.69	2.67	1.78	2.67	4.71
Other Current Liabilities	-	-	0.05	0.02	-
Total Current Liabilities	30.15	11.25	16.04	10.3	11.97
Long-Term Debt	30.13	63.85	31.17	12.23	1.32
Long-Term Leases	6.39	7.03	7.3	6.99	1.44
Long-Term Unearned Revenue	0.67	0.08	0.01	0.05	-
Other Long-Term Liabilities	69.88	1.63	1.89	0.02	-
Total Liabilities	137.21	83.84	56.41	29.59	14.73
Common Stock	0.03	0.02	0.01	-	2.49
Additional Paid-In Capital	700.07	469.08	381.27	148.85	144.54
Retained Earnings	-626.94	-483.06	-400.35	-325.27	-293.72
Comprehensive Income & Other	-10.51	-10.52	-10.4	-10.44	-10.46
Total Common Equity	62.65	-24.48	-29.46	-186.86	-157.15
Shareholders' Equity	62.65	-24.48	-29.46	3.02	32.73
Total Liabilities & Equity	199.85	59.36	26.95	32.61	47.46
Total Debt	38.38	72.65	42.29	21.17	4.66
Net Cash (Debt)	139.6	-31.34	-35.22	-11.69	16.68
Net Cash Per Share	0.73	-0.23	-0.29	-3.69	-
Filing Date Shares Outstanding	291.35	161.68	127.17	3.17	127.16
Total Common Shares Outstanding	266.6	161.12	113.34	3.17	127.16
Working Capital	154.9	35.8	-2.12	8.86	29.31
Book Value Per Share	0.23	-0.15	-0.26	-59.00	-
Tangible Book Value	62.16	-24.66	-29.71	-187.13	-157.3
Tangible Book Value Per Share	0.23	-0.15	-0.26	-59.09	-
Machinery	26.42	24.64	24.24	23.69	21.69
Construction In Progress	0.84	0.89	0.09	0.29	0.5
Leasehold Improvements	1.89	1.08	1.08	1.07	1.07

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q