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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	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
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
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
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	-35.60%	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

Updated May 12, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q