D-Wave Quantum Inc. (QBTS)

D-Wave Quantum Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	338.2	635.35	177.98	41.31	7.07	9.48
Short-Term Investments	250.2	249.13	-	-	-	-
Cash & Short-Term Investments	588.4	884.48	177.98	41.31	7.07	9.48
Cash Growth	93.35%	396.95%	330.87%	484.67%	-25.50%	-55.55%
Accounts Receivable	8.91	1.59	1.42	1.65	0.76	0.42
Other Receivables	-	-	-	-	0.26	1.63
Total Trade Receivables	8.91	1.59	1.42	1.65	1.02	2.05
Inventory	2.92	2.78	1.69	2.08	2.2	2.11
Other Current Assets	6.89	7.39	3.95	2.01	3.64	2.37
Total Current Assets	607.11	896.23	185.04	47.05	13.93	16.02
Net Property, Plant & Equipment	25.4	14.36	11.39	10.77	11.43	11.83
Other Intangible Assets	215.28	0.92	0.49	0.18	0.24	0.27
Goodwill	342.59	-	-	-	-	-
Other Long-Term Assets	9.44	4.31	2.93	1.36	1.35	1.35
Total Assets	1,200	915.81	199.85	59.36	26.95	29.47

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	1.71	0.95	0.82	1.47	3.76	2.11
Accrued Expenses	15.46	15.84	8.78	5.34	6.69	3.59
Short-Term Debt	0.14	0.13	0.35	0.4	2.28	0.39
Current Portion of Leases	1.55	1.45	1.51	1.37	1.53	1.69
Unearned Revenue	9.5	2.78	18.69	2.67	1.78	2.67
Total Current Liabilities	28.36	21.15	30.15	11.25	16.04	10.45
Long-Term Debt	35.42	35.83	30.13	63.85	31.17	30.31
Long-Term Leases	9.7	6.05	6.39	7.03	7.3	6.99
Other Long-Term Liabilities	2.08	0.56	70.55	1.71	1.9	0.07
Total Long-Term Liabilities	47.21	42.44	107.06	72.59	40.37	37.38
Total Liabilities	75.56	63.58	137.21	83.84	56.41	47.82

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Preferred Stock	-	-	-	-	-	189.88
Common Stock	0.04	0.04	0.03	0.02	0.01	-
Additional Paid-in Capital	2,134	1,843	700.07	469.08	381.27	148.85
Accumulated Other Comprehensive Income	-9.16	-9.02	-10.51	-10.52	-10.4	-10.44
Retained Earnings	-1,000	-982	-626.94	-483.06	-400.35	-346.64
Shareholders' Equity	1,124	852.23	62.65	-24.48	-29.46	-18.36
Total Liabilities & Equity	1,200	915.81	199.85	59.36	26.95	29.47

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	46.82	43.46	38.38	72.65	42.29	39.38
Net Cash (Debt)	541.58	841.02	139.6	-31.34	-35.22	-29.9
Net Cash Growth	103.70%	502.44%	-	-	-	-
Net Cash Per Share	1.59	2.62	0.73	-0.23	-0.29	-0.24
Book Value	1,124	852.23	62.65	-24.48	-29.46	-18.36
Book Value Per Share	3.29	2.65	0.33	-0.18	-0.25	-0.15
Tangible Book Value	566.39	851.32	62.16	-24.66	-29.71	-18.63
Tangible Book Value Per Share	1.66	2.65	0.32	-0.18	-0.25	-0.15

SEC Filings: 10-K · 10-Q

Data Source: Fiscal.ai Last updated: May 12, 2026

Financial data is provided by Fiscal.ai and updates within minutes after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 28, 2026

Data Sources Report a data error