balance equationreview2022-09-30
Difference 18559000 exceeds tolerance 1000000. Presentation or filing-vintage differences need review.
Revenue
$3.08M
Fiscal year ended 2026-06-30Operating income
-$53.28M
Fiscal year ended 2026-06-30Free cash flow
-$32.94M
Fiscal year ended 2026-06-30D-Wave Quantum Inc. (QBTS) reported revenue of $3.08M and net income of -$48.03M for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from D-Wave Quantum Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Services-Computer Processing & Data Preparation.
Income
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.08M | $2.86M | $2.75M | $3.74M | $3.10M | $15.00M | $2.31M | $1.87M | $2.18M | $2.46M |
| Cost of revenue | $1.37M | $1.04M | $968.00K | $1.07M | $1.12M | $1.12M | $836.00K | $827.00K | $795.00K | $806.00K |
| Gross profit | $1.70M | $1.82M | $1.78M | $2.67M | $1.98M | $13.88M | $1.47M | $1.04M | $1.39M | $1.66M |
| Operating income | -$53.28M | -$54.73M | -$34.84M | -$27.74M | -$26.50M | -$11.29M | -$20.23M | -$20.64M | -$18.84M | -$17.52M |
| Net income | -$48.03M | -$18.36M | -$42.33M | -$139.99M | -$167.33M | -$5.42M | -$86.08M | -$22.71M | -$17.78M | -$17.31M |
| Research & development | $28.24M | $25.79M | $13.68M | $14.08M | $12.69M | $10.29M | $9.75M | $8.67M | $8.36M | $8.52M |
| Weighted-average diluted shares | shares 370.84M | shares 367.47M | Unavailable | shares 342.20M | shares 302.29M | shares 286.42M | Unavailable | shares 201.59M | shares 172.14M | shares 161.31M |
| Pretax income | -$48.02M | -$46.81M | Unavailable | Unavailable | -$167.33M | -$5.42M | Unavailable | Unavailable | Unavailable | Unavailable |
| Income tax expense | $8.00K | -$28.45M | Unavailable | Unavailable | $0 | $0 | Unavailable | Unavailable | Unavailable | Unavailable |
| Diluted EPS | $-0.13 | $-0.05 | Unavailable | $-0.41 | $-0.55 | $-0.02 | Unavailable | $-0.11 | $-0.10 | $-0.11 |
| Selling, general & administrative | $26.74M | $30.75M | $22.95M | $16.33M | $15.78M | $14.88M | $11.95M | $13.01M | $11.87M | $10.65M |
| General & administrative | $15.39M | $20.28M | $14.70M | $9.38M | $9.15M | $7.96M | $8.13M | $9.26M | $7.47M | $7.57M |
| Selling & marketing | $11.36M | $10.48M | $8.25M | $6.95M | $6.63M | $6.92M | $3.83M | $3.75M | $4.40M | $3.08M |
Balance
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $296.64M | $338.20M | $635.35M | $836.23M | $819.31M | $304.32M | $177.98M | Unavailable | Unavailable | Unavailable |
| Total assets | $1.16B | $1.20B | $915.81M | $865.82M | $843.60M | $325.60M | $199.85M | $49.56M | $61.81M | $48.60M |
| Current assets | $560.59M | $607.11M | $896.23M | $848.14M | $828.54M | $310.86M | $185.04M | $35.08M | $46.91M | $33.69M |
| Total liabilities | $75.32M | $75.56M | $63.58M | $195.27M | $149.35M | $118.21M | $137.21M | $66.48M | $83.32M | $85.56M |
| Current liabilities | $27.29M | $28.36M | $21.15M | $15.51M | $19.27M | $15.00M | $30.14M | $25.83M | $42.94M | $10.86M |
| Total equity incl. NCI | $1.08B | $1.12B | $852.23M | $670.55M | $694.25M | $207.39M | $62.65M | -$16.92M | -$21.51M | -$36.96M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | $3.49M | $2.92M | $2.78M | $2.83M | $2.45M | $1.70M | $1.69M | $1.90M | $2.13M | $2.08M |
| Accounts receivable | $2.02M | $8.91M | $1.59M | $1.93M | $1.44M | $1.05M | $1.42M | $1.46M | $1.57M | $1.74M |
| Goodwill | $342.59M | $342.59M | $0 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt | $34.89M | $35.42M | $35.82M | $32.05M | $32.06M | $30.37M | $30.13M | $32.01M | $31.45M | $63.04M |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$28.50M | -$44.96M | -$18.37M | -$19.04M | -$15.29M | -$19.28M | $2.02M | -$18.07M | -$14.47M | -$12.12M |
| Capital expenditures | $4.44M | $1.08M | $1.66M | $1.02M | $749.00K | $438.00K | $950.00K | $306.00K | $545.00K | $305.00K |
| Investing cash flow | -$8.52M | -$252.06M | -$249.57M | -$1.21M | $141.00K | -$498.00K | -$963.00K | -$369.00K | -$604.00K | -$1.20M |
| Financing cash flow | -$4.68M | -$143.00K | $67.10M | $37.08M | $529.35M | $145.62M | $147.56M | $7.01M | $28.61M | -$726.00K |
| Net change in cash | -$41.56M | -$297.15M | -$200.88M | $16.92M | $514.99M | $126.34M | $148.71M | -$11.59M | $13.56M | -$14.00M |
| Stock-based compensation | $11.11M | $8.02M | $5.54M | $6.46M | $6.67M | $3.99M | $3.88M | $4.05M | $4.22M | $3.51M |
| Common dividends paid | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $4.73M | $3.80M | $480.00K | $369.00K | $338.00K | $376.00K | $316.00K | $283.00K | $281.00K | $229.00K |
Derived
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | -$32.94M | -$46.04M | -$20.03M | -$20.06M | -$16.04M | -$19.72M | $1.07M | -$18.38M | -$15.01M | -$12.42M |
| Gross margin | 55.4% | 63.6% | 64.8% | 71.4% | 63.8% | 92.5% | 63.8% | 55.8% | 63.6% | 67.3% |
| Operating margin | -1732.1% | -1914.9% | -1266.0% | -741.8% | -856.3% | -75.3% | -876.2% | -1103.5% | -863.0% | -710.6% |
| FCF margin | -1071.0% | -1611.0% | -727.9% | -536.5% | -518.1% | -131.4% | 46.2% | -982.8% | -687.7% | -504.0% |
| SBC / revenue | 361.3% | 280.6% | 201.2% | 172.6% | 215.5% | 26.6% | 167.9% | 216.8% | 193.4% | 142.4% |
| Current ratio | 20.55x | 21.41x | 42.38x | 54.68x | 42.99x | 20.73x | 6.14x | 1.36x | 1.09x | 3.10x |
| Revenue YoY growth | -0.6% | -80.9% | 19.2% | 99.9% | 41.8% | 508.6% | -20.5% | -27.0% | 27.9% | 55.7% |
| Net margin | -1561.4% | -642.3% | -1538.0% | -3743.9% | -5406.4% | -36.1% | -3727.9% | -1214.5% | -814.4% | -702.3% |
| R&D / revenue | 918.0% | 902.5% | 497.0% | 376.4% | 410.1% | 68.6% | 422.3% | 463.5% | 382.7% | 345.8% |
| CapEx / revenue | 144.3% | 37.8% | 60.3% | 27.2% | 24.2% | 2.9% | 41.1% | 16.4% | 25.0% | 12.4% |
| Long-term debt / equity | 0.03x | Unavailable | 0.04x | 0.05x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open QBTS in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-06View SEC filing
10-Q · Filed 2026-05-12View SEC filing
10-K · Filed 2026-02-26View SEC filing
10-Q · Filed 2025-11-06View SEC filing
10-Q · Filed 2025-08-07View SEC filing
10-Q · Filed 2025-05-08View SEC filing
Reconciliation checks needing review
1 period on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.