qbts-wt: the income statement

MyFinsight

For the quarter ending 2025-09-30, QBTS-WT made $3,739K in revenue. -$139,887K in net income. Net profit margin of -3741.29%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Revenue	3,739	3,095	15,001	1,870
Cost of revenue	1,070	1,119	1,124	827
Total gross profit	2,669	1,976	13,877	1,043
Research and development	14,075	12,694	10,288	8,668
General and administrative	9,383	9,151	7,957	9,259
Sales and marketing	6,947	6,633	6,923	3,752
Total operating expenses	30,405	28,478	25,168	21,679
Loss from operations	-27,736	-26,502	-11,291	-20,636
Interest expense	201	206	226	1,180
Change in fair value of term loan	0	0	0	1,559
Term loan debt issuance costs	-	-	-	0
Gain (loss) on investment in marketable securities	850	0	0	-8
Change in fair value of warrant liabilities	121,859	142,048	-3,943	-476
Other income, net	8,960	1,427	2,153	195
Total other income (expense), net	-112,250	-140,827	5,870	-2,076
Net loss	-139,986	-167,329	-5,421	-22,712
Foreign currency translation adjustment	99	787	498	-151
Net comprehensive loss	-139,887	-166,542	-4,923	-22,863

Net loss per share, basic (in usd per share)	-0.41	-0.55	-0.02	-0.11
Net loss per share, diluted (in usd per share)	-0.41	-0.55	-0.02	-0.11
Weighted-average shares used in computing net loss per share, basic (in shares)	342,204,831	302,288,793	286,420,374	201,585,533
Weighted-average shares used in computing net loss per share, diluted (in shares)	342,204,831	302,288,793	286,420,374	201,585,533