Income Statement
D-WAVE QUANTUM INC.
QBTS
Performance Overview
Click any row in the table to add it to this chart
in millions USD
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY |
|---|---|---|---|---|
|
Revenue
|
24.59 | 8.83 | 8.76 | 7.17 |
|
Cost of Revenue
|
4.28 | 3.26 | 4.14 | 2.92 |
|
Gross Profit
|
20.31 | 5.56 | 4.62 | 4.25 |
|
Operating Expenses
|
120.67 | 82.79 | 85.17 | 63.71 |
|
Research & Development
|
50.73 | 35.30 | 37.88 | 32.10 |
|
Selling, General & Administrative
|
41.19 | 32.42 | 37.01 | 21.54 |
|
Other Operating Expenses
|
- | - | - | - |
|
Operating Income
|
-100.37 | -77.22 | -80.55 | -59.46 |
|
Non-Operating Income
|
-254.69 | -66.66 | -2.17 | 7.93 |
|
Interest Income
|
24.12 | - | - | - |
|
Interest Expense
|
- | 2.28 | 2.04 | 4.63 |
|
Other Non-Op Income / Expense
|
-4.10 | 4.64 | -0.92 | 1.35 |
|
Income Before Tax
|
-355.06 | -143.88 | -82.72 | -51.53 |
|
Income Tax Expense
|
- | - | - | - |
|
Non-Controlling Interest
|
- | - | - | - |
|
Net Income
|
-355.06 | -143.88 | -82.72 | -51.53 |
Supplemental
Per share data, derived & other items — not part of the income statement
in millions USD unless noted
| Metric | Dec 31, 2025 2025 FY | Dec 31, 2024 2024 FY | Dec 31, 2023 2023 FY | Dec 31, 2022 2022 FY |
|---|---|---|---|---|
|
Depreciation & Amortization
|
- | - | - | - |
|
EBITDA
|
-98.81 | -76.11 | -79.49 | -58.04 |
|
Earnings Per Share (Basic)
|
-1.11 | -0.75 | -0.60 | -0.43 |
|
Diluted EPS
|
-1.11 | -0.75 | -0.60 | -0.43 |
|
Weighted Average Shares
|
321.20 | 192.13 | 137.99 | 119.65 |
|
Diluted Weighted Avg Shares
|
321.20 | 192.13 | 137.99 | 119.65 |
|
Comprehensive Income
|
-353.57 | -143.87 | -82.83 | -51.49 |