D-Wave Quantum Inc.
QBTS · XNASCIK 1907982fmd_1VWHCDFDCHPTVEHKVNJTT1HMN7Services · Services-Computer Processing & Data PreparationTemplate: Standard
Coverage: Jan 01, 2020 to Jun 30, 2026, 22 periods
Latest annual · FY2025
Millions- Total revenues
- 25
- Gross profit
- 20
- Operating income
- (100)
- Net income
- (355)
- Free cash flow
- (76)
Latest quarter · Q2 FY2026
Millions- Total revenues
- 3
- Gross profit
- 2
- Operating income
- (53)
- Net income
- (48)
- Free cash flow
- (33)
Daily close · QBTSIEX trades only
Nov 13, 2025 to Nov 11, 2026 · 250 sessions10.65 USD
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Key stats
Open AnalysisCompound annual growth
- Revenue, 3 yearsFY2022 to FY2025
- +50.8%
- Revenue, 5 yearsFY2020 to FY2025
- +36.7%
- Net income, 5 yearsFY2020 to FY2025
- n/m
D-Wave Quantum Inc. (QBTS) financials: quick answers
Annual figures as filed with the SEC. Each number links to the filing it came from and to its proof.
| Metric | FY2025 | FY2024 | Change | Source |
|---|---|---|---|---|
| Revenue | $24.6 million | $8.8 million | +178.5% | 10-K 2026-02-26 · proof |
| Gross profit | $20.3 million | $5.6 million | +265% | 10-K 2026-02-26 · proof |
| Operating income | -$100.4 million | -$77.2 million | 10-K 2026-02-26 · proof | |
| Net income | -$355.1 million | -$143.9 million | 10-K 2026-02-26 · proof | |
| Cash from operating activities | -$72 million | -$42.6 million | 10-K 2026-02-26 · proof | |
| Free cash flow | -$75.8 million | -$44.7 million | 10-K 2026-02-26 · proof | |
| Total assets | $915.8 million | $199.9 million | +358.2% | 10-K 2026-02-26 · proof |
| Total liabilities | $63.6 million | $137.2 million | -53.7% | 10-K 2026-02-26 · proof |
| Cash and cash equivalents | $635.3 million | $178 million | +257% | 10-K 2026-02-26 · proof |
- What was D-Wave Quantum Inc. (QBTS)'s revenue in fiscal 2025?
- D-Wave Quantum Inc. (QBTS) reported revenue of $24.6 million for fiscal 2025 (the year ended Dec 31, 2025), against $8.8 million the year before (+178.5%). Source: the 10-K filed with the SEC on Feb 26, 2026. SEC
- What was D-Wave Quantum Inc. (QBTS)'s gross profit in fiscal 2025?
- D-Wave Quantum Inc. (QBTS) reported gross profit of $20.3 million for fiscal 2025 (the year ended Dec 31, 2025), against $5.6 million the year before (+265%). Source: the 10-K filed with the SEC on Feb 26, 2026. SEC
- What was D-Wave Quantum Inc. (QBTS)'s operating income in fiscal 2025?
- D-Wave Quantum Inc. (QBTS) reported operating income of -$100.4 million for fiscal 2025 (the year ended Dec 31, 2025), against -$77.2 million the year before. Source: the 10-K filed with the SEC on Feb 26, 2026. SEC
- What was D-Wave Quantum Inc. (QBTS)'s net income in fiscal 2025?
- D-Wave Quantum Inc. (QBTS) reported net income of -$355.1 million for fiscal 2025 (the year ended Dec 31, 2025), against -$143.9 million the year before. Source: the 10-K filed with the SEC on Feb 26, 2026. SEC
- What was D-Wave Quantum Inc. (QBTS)'s cash from operating activities in fiscal 2025?
- D-Wave Quantum Inc. (QBTS) reported cash from operating activities of -$72 million for fiscal 2025 (the year ended Dec 31, 2025), against -$42.6 million the year before. Source: the 10-K filed with the SEC on Feb 26, 2026. SEC
- What was D-Wave Quantum Inc. (QBTS)'s free cash flow in fiscal 2025?
- D-Wave Quantum Inc. (QBTS) reported free cash flow of -$75.8 million for fiscal 2025 (the year ended Dec 31, 2025), against -$44.7 million the year before. Source: the 10-K filed with the SEC on Feb 26, 2026. SEC
- What are D-Wave Quantum Inc. (QBTS)'s total assets?
- As of Dec 31, 2025, D-Wave Quantum Inc. (QBTS) reported total assets of $915.8 million, against $199.9 million a year earlier (+358.2%). Source: the 10-K filed with the SEC on Feb 26, 2026. SEC
- What are D-Wave Quantum Inc. (QBTS)'s total liabilities?
- As of Dec 31, 2025, D-Wave Quantum Inc. (QBTS) reported total liabilities of $63.6 million, against $137.2 million a year earlier (-53.7%). Source: the 10-K filed with the SEC on Feb 26, 2026. SEC
- What are D-Wave Quantum Inc. (QBTS)'s cash and cash equivalents?
- As of Dec 31, 2025, D-Wave Quantum Inc. (QBTS) reported cash and cash equivalents of $635.3 million, against $178 million a year earlier (+257%). Source: the 10-K filed with the SEC on Feb 26, 2026. SEC
Read from the FinancialMD API on Nov 13, 2026. Values change only when a new filing is made; see the Financials tab for every period and as-of replay.
The same numbers for an agent, with proof on every value:
curl "https://api.financial.md/v1/company/financials/income_statement/standardized?company=ticker:QBTS&period_type=annual&limit=5"Information only, not investment advice.