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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	296.64	635.35	177.98	41.31	7.07	9.48
Short-Term Investments	249.57	249.13	-	-	-	-
Cash & Short-Term Investments	546.22	884.48	177.98	41.31	7.07	9.48
Cash Growth	-33.33%	396.95%	330.87%	484.67%	-25.50%	-55.55%
Accounts Receivable	2.02	1.59	1.42	1.65	0.82	0.44
Other Receivables	2.86	3.09	0.34	-	0.26	4.77
Receivables	4.87	4.68	1.76	1.65	1.08	5.21
Inventory	3.49	2.78	1.69	2.08	2.2	2.11
Prepaid Expenses	2.31	1.94	1.52	1.47	2.99	0.52
Other Current Assets	3.71	2.35	2.1	0.54	0.6	1.83
Total Current Assets	560.59	896.23	185.04	47.05	13.93	19.16
Property, Plant & Equipment	34.12	14.36	11.39	10.77	11.43	11.83
Long-Term Investments	4.23	2.39	2.57	1.17	1.17	1.17
Other Intangible Assets	211.82	0.92	0.49	0.18	0.24	0.27
Long-Term Deferred Charges	4.78	1.67	0.17	-	-	-
Other Long-Term Assets	0.3	0.25	0.18	0.19	0.18	0.18
Total Assets	1,158	915.81	199.85	59.36	26.95	32.61

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	4.52	0.95	0.82	1.47	3.76	2.11
Accrued Expenses	12.14	15.84	8.78	5.34	6.64	3.55
Short-Term Debt	-	-	-	-	0.42	-
Current Portion of Long-Term Debt	0.15	0.13	0.35	0.4	1.86	0.26
Current Portion of Leases	1.25	1.45	1.51	1.37	1.53	1.69
Current Unearned Revenue	9.23	2.78	18.69	2.67	1.78	2.67
Other Current Liabilities	-	-	-	-	0.05	0.02
Total Current Liabilities	27.29	21.15	30.15	11.25	16.04	10.3
Long-Term Debt	34.89	35.83	30.13	63.85	31.17	12.23
Long-Term Leases	11.83	6.05	6.39	7.03	7.3	6.99
Long-Term Unearned Revenue	1.32	0.56	0.67	0.08	0.01	0.05
Other Long-Term Liabilities	-	-	69.88	1.63	1.89	0.02
Total Liabilities	75.32	63.58	137.21	83.84	56.41	29.59

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.04	0.04	0.03	0.02	0.01	-
Additional Paid-In Capital	2,140	1,843	700.07	469.08	381.27	148.85
Retained Earnings	-1,048	-982	-626.94	-483.06	-400.35	-325.27
Comprehensive Income & Other	-9.04	-9.02	-10.51	-10.52	-10.4	-10.44
Total Common Equity	1,083	852.23	62.65	-24.48	-29.46	-186.86
Shareholders' Equity	1,083	852.23	62.65	-24.48	-29.46	3.02
Total Liabilities & Equity	1,158	915.81	199.85	59.36	26.95	32.61

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	48.11	43.46	38.38	72.65	42.29	21.17
Net Cash (Debt)	498.11	841.02	139.6	-31.34	-35.22	-11.69
Net Cash Growth	-36.09%	502.44%	-	-	-	-
Net Cash Per Share	1.39	2.62	0.73	-0.23	-0.29	-3.69
Filing Date Shares Outstanding	372.44	369.91	291.35	161.68	127.17	3.17
Total Common Shares Outstanding	372.01	358.74	266.6	161.12	113.34	3.17
Working Capital	533.31	875.08	154.9	35.8	-2.12	8.86
Book Value Per Share	2.91	2.38	0.23	-0.15	-0.26	-59.00
Tangible Book Value	528.71	851.32	62.16	-24.66	-29.71	-187.13
Tangible Book Value Per Share	1.42	2.37	0.23	-0.15	-0.26	-59.09
Machinery	33.99	28.78	26.42	24.64	24.24	23.69
Construction In Progress	7.26	2.51	0.84	0.89	0.09	0.29
Leasehold Improvements	2.48	2.41	1.89	1.08	1.08	1.07

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 6, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 30, 2026

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