QBTS
The table below shows D-Wave Quantum Inc.'s income statement by quarter, as reported in the company's quarterly filings. All figures are in US dollars; negative values appear in red.
| Line item | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|---|---|
| Revenue | $2.86M | $3.74M | $3.10M | $15.00M | $1.87M | $2.18M |
| Cost of revenue | $1.04M | $1.07M | $1.12M | $1.12M | $827.00K | $795.00K |
| Gross profit | $1.82M | $2.67M | $1.98M | $13.88M | $1.04M | $1.39M |
| R&D | $25.79M | $14.07M | $12.69M | $10.29M | $8.67M | $8.36M |
D-Wave Quantum Inc. reported annual revenue of $24.59M for fiscal year 2025. That is up 178.5% from $8.83M in fiscal 2024. Over the 6 fiscal years shown, annual revenue grew from $5.16M (FY 2020) to $24.59M. Figures come from the company's audited annual reports as filed with the SEC.
Data parsed from SEC EDGAR XBRL filings. See the full market cap rankings.
| SG&A | $20.27M | $9.38M | $9.15M | $7.96M | $9.26M | $7.47M |
| Operating income | -$54.73M | -$27.74M | -$26.50M | -$11.29M | -$20.64M | -$18.84M |
| Income tax | -$28.45M | - | - | $0.00 | - | - |
| Net income | -$18.36M | -$139.99M | -$167.33M | -$5.42M | -$22.71M | -$17.78M |
| EPS (diluted) | -$0.05 | -$0.41 | -$0.55 | -$0.02 | -$0.11 | -$0.10 |