D-Wave Quantum Income Statement

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	Jun '26 Jun 30, 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
Revenue	12.43	24.59	8.83	8.76	7.17	6.28
Revenue Growth	-44.22%	178.54%	0.79%	22.10%	14.24%	21.69%
Cost of Revenue	4.45	4.28	3.26	4.14	2.92	1.75
Gross Profit	7.98	20.31	5.56	4.62	4.25	4.53
Selling, General & Admin	96.77	69.94	47.49	47.29	31.61	18.34
Research & Development	81.78	50.73	35.3	37.88	32.1	25.13
Operating Expenses	178.56	120.67	82.79	85.17	63.71	43.48
Operating Income	-170.58	-100.37	-77.22	-80.55	-59.46	-38.95
Interest Expense	-4.09	-4.01	-3.9	-2.16	-2.34	-1.73
Interest & Investment Income	27.52	24.12	1.74	-	-	-
Currency Exchange Gain (Loss)	-4.8	-	-	-	-	0.6
Other Non Operating Income (Expenses)	-126.91	-274.64	-65.35	-0.65	8.09	7.37
EBT Excluding Unusual Items	-278.86	-354.9	-144.73	-83.36	-53.7	-32.71
Gain (Loss) on Sale of Investments	1.72	-0.16	1.5	-	-	1.16
Other Unusual Items	-	-	-0.65	0.64	-	-
Pretax Income	-277.14	-355.06	-143.88	-82.72	-53.7	-31.55
Net Income	-248.7	-355.06	-143.88	-82.72	-53.7	-31.55
Net Income to Common	-248.7	-355.06	-143.88	-82.72	-53.7	-31.55
Net Income Growth	-	-	-	-	-	-
Shares Outstanding (Basic)	359	321	192	138	120	3
Shares Outstanding (Diluted)	359	321	192	138	120	3
Shares Change	40.09%	67.18%	39.23%	15.33%	3678.01%	-
EPS (Basic)	-0.69	-1.11	-0.75	-0.60	-0.45	-9.96
EPS (Diluted)	-0.69	-1.11	-0.75	-0.60	-0.45	-9.96
EPS Growth	-	-	-	-	-	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 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
Free Cash Flow	-119.08	-75.84	-44.75	-61.23	-45.65	-36.57
Free Cash Flow Per Share	-0.33	-0.24	-0.23	-0.44	-0.38	-11.55
Gross Margin	64.19%	82.59%	63.02%	52.78%	59.25%	72.13%
Operating Margin	-1372.88%	-408.22%	-874.85%	-919.68%	-828.91%	-620.29%
Profit Margin	-2001.59%	-1444.11%	-1629.99%	-944.45%	-748.67%	-502.39%
Free Cash Flow Margin	-958.36%	-308.47%	-506.96%	-699.15%	-636.40%	-582.48%
EBITDA	-161.2	-98.81	-76.11	-79.49	-58.04	-37.41
D&A For EBITDA	9.39	1.56	1.11	1.05	1.42	1.53
EBIT	-170.58	-100.37	-77.22	-80.55	-59.46	-38.95

SEC Filings: 10-K · 10-Q