D-Wave Quantum Inc. (QBTS)
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.
This profile is unclaimed. An authorized representative can claim it to add details and earn the Verified badge.
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
Revenue & profit trend
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)
15-minute delayed · data by Polygon.io
Past year · hover for prices
52-week range
- Market cap
- $8.8B
- EPS (diluted)
- $-1.11
- Shares outstanding
- 545.0M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Aug 8, 2022
D-Wave Quantum Inc. (QBTS) Stock Price
- 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 64% 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.
No reviews yet. Be the first to review D-Wave Quantum Inc..
Write a review
News about D-Wave Quantum Inc.
News & sentiment via Polygon.io
D-Wave Quantum Inc.: frequently asked questions
Is D-Wave Quantum Inc. an American company?
D-Wave Quantum Inc. is a US-based company headquartered in Palo Alto, California, listed in the americancompanies.com directory of American companies. Its American-origin credentials have not yet been independently verified.
Where is D-Wave Quantum Inc. headquartered?
D-Wave Quantum Inc. is headquartered in Palo Alto, California, United States.
Is D-Wave Quantum Inc. publicly traded?
Yes — D-Wave Quantum Inc. is a publicly traded company. Its stock trades under the ticker symbol QBTS on the NYSE.
What does D-Wave Quantum Inc. do?
D-Wave Quantum Inc. is an American Software company in the Technology & Electronics sector.
