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D-Wave Quantum Inc.

$25.83 +8.30% NYSE: QBTS · 15-min delayed
  • PALO ALTO, California
  • Public · NYSE: QBTS
  • 388 employees
$8.8BMarket cap
$24.6MRevenue · FY2025
-$355.1MNet income
388Employees
QBTSNYSE
2022IPO

About D-Wave Quantum Inc.

D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.

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Reported figures

Financial summary

Revenue FY2025
$24.6M
Net income
-$355.1M
Total assets
$915.8M
Market cap
$8.8B
Gross margin
82.6%
Operating margin
-408.2%
Net margin
-1444.1%

Source: SEC EDGAR · updated Jun 7, 2026

Multi-year

Revenue & profit trend

Revenue Net income
FY 2025

Financial statements

Income statement

Revenue
$24.6M
Cost of revenue
$4.3M
Gross profit
$20.3M
Operating expenses
$120.7M
Operating income
-$100.4M
Income tax
$0
Net income
-$355.1M
EPS (basic)
$-1.11
EPS (diluted)
$-1.11

Balance sheet

Total assets
$915.8M
Current assets
$896.2M
Total liabilities
$63.6M
Current liabilities
$21.1M
Shareholders’ equity
$852.2M

Cash flow

Operating cash flow
-$72.0M
Investing cash flow
-$251.1M
Financing cash flow
$779.1M
Net cash flow
$456.0M

Statements via Polygon.io (SEC filings)

NYSE: QBTS
$25.83 +8.30%

15-minute delayed · data by Polygon.io

Past year

$6.89 $44.78

52-week range

Market cap
$8.8B
EPS (diluted)
$-1.11
Shares outstanding
342.0M
Open
Day range
Prev close
Volume
IPO date
Aug 8, 2022

Market data by Polygon.io · prices are 15-minute delayed

Auto-generated

At a glance

  • Reported a net loss of $355.1M in FY2025.
  • Revenue grew 243% from FY2022 to FY2025.
  • Gross margin of 82.6%, net margin -1444.1%.
  • Trading 42% below its 52-week high.

Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.

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