D-Wave Quantum Inc. (QBTS)
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- Incorporated DE
- Fiscal year ends Dec 31
In fiscal 2025, D-Wave Quantum Inc. reported revenue of $24.59M, up 178.5% from the prior year. The company ran a net loss, with a net margin of -1444.1% and a gross margin of 82.6%. It held $915.81M in total assets against $63.58M in total liabilities.
Key ratios (FY2025)
82.6%
Gross margin
-408.2%
Operating margin
-1444.1%
Net margin
-41.7%
Return on equity
+178.5%
Revenue growth (YoY)
| Metric (FY) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $24.59M | $8.83M | $8.76M | $7.17M | $6.28M | $5.16M | — |
| Cost of Revenue | $4.28M | $3.26M | $4.14M | $2.92M | $1.75M | $915.0K | — |
| Gross Profit | $20.31M | $5.56M | $4.62M | $4.25M | $4.53M | $4.25M | — |
| Operating Income | -$100.37M | -$77.22M | -$80.55M | -$59.46M | -$38.95M | -$31.47M | — |
| Net Income | -$355.06M | -$143.88M | -$82.72M | -$53.70M | -$40.97M | -$21.97M | — |
| EPS (Diluted) | $-1.11 | $-0.75 | $-0.60 | $-0.45 | $-0.33 | $-0.17 | — |
| Total Assets | $915.81M | $199.85M | $59.36M | $26.95M | $29.47M | $35.80M | — |
| Total Liabilities | $63.58M | $137.21M | $83.84M | $56.41M | $47.82M | $15.02M | — |
| Shareholders' Equity | $852.23M | $62.65M | -$24.48M | -$29.46M | -$18.36M | $20.78M | -$103.87M |
| Cash & Equivalents | $635.35M | $177.98M | $41.31M | — | — | — | — |
| Operating Cash Flow | -$71.98M | -$42.64M | -$60.65M | -$45.23M | -$34.80M | -$29.29M | — |
| Capital Expenditures | $3.86M | $2.11M | $583.0K | $423.0K | $1.77M | $736.0K | — |
| Shares Outstanding | 321.20M | 192.13M | 137.99M | 119.65M | 125.34M | 127.16M | — |