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	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Sep 30, 2024	Jun 30, 2024
Revenue	3m	4m	3m	15m	2m	2m
Cost of revenue	1m	1m	1m	1m	827,000	795,000
Gross profit	2m	3m	2m	14m	1m	1m
Research and development	26m	14m	13m	10m	9m	8m
Selling, general and administrative	20m	9m	9m	8m	9m	7m
Operating expenses	57m	30m	28m	25m	22m	20m
Operating income	−55m	−28m	−27m	−11m	−21m	−19m
Pre-tax income	−47m	—	—	−5m	—	—
Income tax	−28m	—	—	0	—	—
Net income	−18m	−140m	−167m	−5m	−23m	−18m
Earnings per share	−0.05	−0.41	−0.55	−0.02	−0.11	−0.10
Earnings per share, diluted	−0.05	−0.41	−0.55	−0.02	−0.11	−0.10
Weighted average shares	367m	342m	302m	286m	202m	172m
Weighted average shares, diluted	367m	342m	302m	286m	202m	172m

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	Mar 31, 2026	Mar 31, 2025
Operating cash flow	−45m	−19m
Depreciation and amortisation	4m	376,000
Share-based compensation	8m	4m
Capital expenditure	1m	438,000
Investing cash flow	−252m	−498,000
Financing cash flow	−143,000

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