QBTS: financial statements from SEC — TradeAlmanac

QBTS

D-Wave Quantum Inc.: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	25m	9m
Cost of revenue	4m	3m
Gross profit	20m	6m
Research and development	51m	35m
Selling, general and administrative	41m	32m
Operating expenses	121m	83m
Operating income	−100m	−77m
Net income	−355m	−144m
Earnings per share	−1.11	−0.75
Earnings per share, diluted	−1.11	−0.75
Weighted average shares	321m	192m
Weighted average shares, diluted	321m	192m

Balance sheet

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	338m	635m	836m	819m	304m	178m	29m	41m
Short-term investments	250m	249m

Cash flow

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	−72m	−43m
Depreciation and amortisation	2m	1m
Share-based compensation	23m	16m
Capital expenditure	4m	2m
Investing cash flow	−251m	−3m
Financing cash flow	779m

Amounts in USD unless stated otherwise. Sources: Nasdaq Trader, Yahoo Finance, U.S. Securities and Exchange Commission (EDGAR)