QBTS: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, QBTS has $865,820K in assets. $195,266K in debts. $836,231K in cash and cash equivalents.

Balance Sheets Overview

Current Ratio
5467.63%
Quick Ratio
5449.38%
Cash Ratio
5390.87%
Debt to Asset Ratio
22.55%
Assets Breakdown
Cash and cash equivalents
Prepaid expenses and other curre...
Operating lease right-of-use ass...
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Warrant liabilities
Others

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

Balance Sheets	2025-09-30	2025-06-30	2025-03-31	2024-09-30
Cash	-	-	-	29,274
Cash and cash equivalents	836,231	819,312	304,321	-
Trade accounts receivable, net of allowance for credit losses of 1 and 176	1,927	1,442	1,047	1,456
Inventories	2,831	2,448	1,702	1,903
Prepaid expenses and other current assets	7,150	5,338	3,795	2,447
Total current assets	848,139	828,540	310,865	35,080
Property and equipment, net	5,608	4,504	3,999	3,414
Operating lease right-of-use assets	6,716	6,915	7,084	7,642
Intangible assets, net	803	586	531	436
Other non-current assets, net	4,554	3,057	3,121	2,989
Total assets	865,820	843,602	325,600	49,561

Trade accounts payable	992	1,190	1,021	696
Accrued expenses and other current liabilities	9,496	11,582	6,556	6,573
Current portion of operating lease liabilities	1,491	1,596	1,525	1,580
Loans payable, net, current	144	0	348	14,070
Deferred revenue, current	3,389	4,906	5,549	2,910
Total current liabilities	15,512	19,274	14,999	25,829
Warrant liabilities	140,970	91,037	65,932	1,611
Operating lease liabilities, net of current portion	6,101	6,322	6,213	6,966
Loans payable, net, non-current	32,054	32,061	30,367	32,013
Deferred revenue, non-current	629	654	700	57
Total liabilities	195,266	149,348	118,211	66,476
Common stock, par value 0.0001 per share 675,000,000 shares authorized at both september30, 2025 and december31, 2024 345,971,195 shares and 266,595,867 shares issued and outstanding as of september30, 2025 and december31, 2024, respectively	34	33	29	20
Additional paid-in capital	1,619,322	1,503,136	849,733	534,527
Accumulated deficit	-939,676	-799,690	-632,361	-540,863
Accumulated other comprehensive loss	-9,126	-9,225	-10,012	-10,599
Total stockholders' equity	670,554	694,254	207,389	-16,915
Total liabilities and stockholders equity	865,820	843,602	325,600	49,561

MyFinsight

Balance Sheets Overview

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Current Ratio5467.63%Quick Ratio5449.38%Cash Ratio5390.87%Debt to Asset Ratio22.55%Assets BreakdownCash and cash equivalentsPrepaid expenses and other curre...Operating lease right-of-use ass...OthersLiabilities BreakdownAdditional paid-in capitalAccumulated deficitWarrant liabilitiesOthers

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

Balance Sheets Overview

Current Ratio5467.63%Quick Ratio5449.38%Cash Ratio5390.87%Debt to Asset Ratio22.55%Assets BreakdownCash and cash equivalentsPrepaid expenses and other curre...Operating lease right-of-use ass...OthersLiabilities BreakdownAdditional paid-in capitalAccumulated deficitWarrant liabilitiesOthers

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets