D-Wave Quantum Inc.
QBTSNYSETechnology● Active
$25.83
+$1.98(+8.30%)
Market Cap$9.5B
P/E Ratio—
52W High$46.75
52W Low$12.75
D-Wave Quantum Inc. (QBTS) · Income Statement
Annual, quarterly, or TTM views · SEC 10-K & 10-Q via FMP · adjust period and M/B/T below.
FMP · QBTS · as of 2026-06-08
Financial statements
Revenue · Gross Profit · Net Income
| Breakdown | 2025-12 | 2024-12 | 2023-12 | 2022-12 | 2021-12 |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue | $24.59M | $8.83M | $8.76M | $7.17M | $6.28M |
| Cost of Revenue | $4.28M | $3.26M | $4.14M | $2.92M | $1.75M |
| Gross Profit | $20.31M | $5.56M | $4.62M | $4.25M | $4.53M |
| Gross Margin %(computed) | 82.59% | 63.02% | 52.77% | 59.25% | 72.13% |
| Operating Expenses | |||||
| R&D Expenses | $50.73M | $35.30M | $37.88M | $32.10M | $25.40M |
| G&A Expenses | $41.19M | $32.42M | $37.01M | $21.54M | $11.90M |
| Total Operating Expenses | $120.67M | $82.79M | $85.17M | $63.71M | $43.48M |
| Operating Income | ($100.37M) | ($77.22M) | ($80.55M) | ($59.46M) | ($38.95M) |
| Operating Margin %(computed) | -408.22% | -874.85% | -919.68% | -828.91% | -620.29% |
| Interest Income | $24.11M | $0.00M | $0.00M | $0.00M | $0.00M |
| Interest Expense | $4.01M | $3.90M | $2.15M | $2.33M | $4.01M |
| Income Before Tax | ($355.06M) | ($143.88M) | ($82.72M) | ($53.70M) | ($40.97M) |
| Income Tax Expense | $0.00M | $0.00M | $0.00M | $0.00M | $0.00M |
| Net Income | ($355.06M) | ($143.88M) | ($82.72M) | ($53.70M) | ($40.97M) |
| Net Margin %(computed) | — | — | -944.45% | -748.67% | -652.54% |
| Per Share & EBITDA | |||||
| EPS (Basic) | $-1.11 | $-0.75 | $-0.60 | $-0.45 | $-0.33 |
| Wtd Avg Shares | 321.20M | 192.13M | 137.99M | 119.65M | 125.34M |
| EBITDA | ($348.74M) | ($138.05M) | ($80.83M) | ($49.03M) | ($34.36M) |
| EBITDA Margin %(computed) | — | — | -922.96% | -683.59% | -547.19% |
Data source: Financial Modeling Prep · Last updated: 2026-06-08 · USD · M
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About D-Wave Quantum Inc. (QBTS) Income Statement
D-Wave Quantum Inc. (QBTS) income statement data is sourced from SEC Form 10-K and 10-Q filings. For fiscal year 2025, QBTS reported revenue of $0.02B, gross profit of $0.02B (gross margin 82.59%), and net income of ($0.36B) — a net profit margin of -1444.10%.
Frequently asked questions
QBTS · 4 questionsD-Wave Quantum Inc. (QBTS) reported revenue of $0.02B for 2025, up 178.5% year-over-year.
QBTS revenueQBTS salesannual revenue YoYincome statement
· Source: FMP /stable/income-statement · SEC EDGAR Form 10-K & 10-Q · As of 2026-06-08