D-Wave Quantum Inc.
D-Wave Quantum Inc. (QBTS) Financial Performance & Income Statement Overview
Analyze D-Wave Quantum Inc. (QBTS) financial statements (income, balance sheet, and cash flow) across both yearly and quarterly periods.
D-Wave Quantum Inc. (QBTS) Income Statement & Financial Overview
Explore comprehensive income reports for D-Wave Quantum Inc. QBTS, broken down by year and quarter.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $15.001M | $2.31M | $1.87M | $2.18M |
| Cost of Revenue | $1.12M | $836000.00 | $827000.00 | $795000.00 |
| Gross Profit | $13.88M | $1.47M | $1.04M | $1.39M |
| Gross Profit Ratio | $0.93 | $0.64 | $0.56 | $0.64 |
| R&D Expenses | $10.29M | $9.75M | $8.67M | $8.36M |
| SG&A Expenses | $14.88M | $11.95M | $13.01M | $11.87M |
| Operating Expenses | $25.17M | $21.70M | $21.68M | $20.23M |
| Total Costs & Expenses | $26.29M | $22.54M | $22.51M | $21.02M |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $226000.00 | $417000.00 | $1.18M | $1.16M |
| Depreciation & Amortization | $553000.00 | $574000.00 | $450000.00 | $480000.00 |
| EBITDA | -$4.64M | -$85.09M | -$21.08M | -$16.14M |
| EBITDA Ratio | -$0.31 | -$36.85 | -$11.27 | -$7.39 |
| Operating Income | -$11.29M | -$20.23M | -$20.64M | -$18.84M |
| Operating Income Ratio | -$0.75 | -$8.76 | -$11.04 | -$8.63 |
| Other Income/Expenses (Net) | $5.87M | -$65.84M | -$2.08M | $1.06M |
| Income Before Tax | -$5.42M | -$86.08M | -$22.71M | -$17.78M |
| Income Before Tax Ratio | -$0.36 | -$37.28 | -$12.15 | -$8.14 |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Net Income | -$5.42M | -$86.08M | -$22.71M | -$17.78M |
| Net Income Ratio | -$0.36 | -$37.28 | -$12.15 | -$8.14 |
| EPS | -$0.02 | -$0.37 | -$0.11 | -$0.10 |
| Diluted EPS | -$0.02 | -$0.37 | -$0.11 | -$0.10 |
| Weighted Avg Shares Outstanding | $286.42M | $233.00M | $201.59M | $172.14M |
| Weighted Avg Shares Outstanding (Diluted) | $286.42M | $233.00M | $201.59M | $172.14M |
The company's financials show resilient growth, with revenue advancing from $2.18M in Q2 2024 to $15.001M in Q1 2025. Gross profit remained healthy with margins at 93% in Q1 2025 compared to 64% in Q2 2024. Operating income hit -$11.29M last quarter, sustaining a consistent -75% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at -$4.64M. Net income rose to -$5.42M, while earnings per share reached -$0.02. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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