QBTS
D-Wave Quantum Inc.
Stock
$15.77−0.79 (−4.77%)Close Oct 2, 2026
Income statement
| Line | Last 12 months | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Revenue | $12M | $25M | $8.8M | $8.8M | $7.2M | $6.3M | $5.2M |
| Cost of revenue | $4.5M | $4.3M | $3.3M | $4.1M | $2.9M | $1.8M | $915K |
| Gross profit | $8.0M | $20M | $5.6M | $4.6M | $4.3M | $4.5M | $4.2M |
| R&D | $82M | $51M | $35M | $38M | $32M | $25M | $20M |
| SG&A | $97M | $70M | $47M | $47M | $32M | $18M | $15M |
| Operating income | −$171M | −$100M | −$77M | −$81M | −$59M | −$39M | −$31M |
| Non-operating income | — | −$255M | −$67M | −$2.2M | $5.8M | −$2.0M | $9.5M |
| Pretax income | — | −$355M | −$144M | −$83M | −$54M | −$41M | −$22M |
| Taxes | — | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | −$249M | −$355M | −$144M | −$83M | −$54M | −$41M | −$22M |
| Diluted EPS | −$0.71 | −$1.11 | −$0.75 | −$0.60 | −$0.45 | −$0.33 | −$0.17 |
| Diluted shares | — | 321.2M | 192.1M | 138.0M | 119.6M | 125.3M | 127.2M |
| Revenue growth | — | +178.5% | +0.8% | +22.1% | +14.2% | +21.7% | — |
| Gross margin | 64.2% | 82.6% | 63.0% | 52.8% | 59.2% | 72.1% | 82.3% |
| Operating margin | −1,372.9% | −408.2% | −874.8% | −919.7% | −828.9% | −620.3% | −609.8% |
| Net margin | −2,001.6% | −1,444.1% | −1,630.0% | −944.5% | −748.7% | −652.5% | −425.7% |