QBTS: the balance sheet

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Balance Sheets Overview

Current Ratio
2141.02%
Quick Ratio
2130.74%
Cash Ratio
1192.68%
Debt to Asset Ratio
6.30%
Unit: Thousand (K) dollars
Assets Breakdown
Goodwill
Cash and cash equivalents
Marketable investment securities
Others
Liabilities Breakdown
Additional paid-in capital
Accumulated deficit
Operating lease liabilities, net...
Others

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	338,197	635,347	836,231	819,312
Marketable investment securities	250,198	249,134	NaN	NaN
Trade accounts receivable, net of allowance for credit losses of 1 and 176	8,911	1,587	1,927	1,442
Inventories	2,915	2,776	2,831	2,448
Prepaid expenses and other current assets	6,888	7,388	7,150	5,338
Total current assets	607,109	896,232	848,139	828,540
Property and equipment, net	15,066	7,841	5,608	4,504
Operating lease right-of-use assets	10,331	6,518	6,716	6,915
Intangible assets, net	215,279	915	803	586
Goodwill	342,588	NaN	NaN	NaN
Other non-current assets, net	9,442	4,307	4,554	3,057
Total assets	1,199,815	915,813	865,820	843,602

Trade accounts payable	1,707	950	992	1,190
Accrued expenses and other current liabilities	15,460	15,838	9,496	11,582
Current portion of operating lease liabilities	1,554	1,448	1,491	1,596
Loans payable, net, current	140	134	144	0
Deferred revenue, current	9,495	2,778	3,389	4,906
Total current liabilities	28,356	21,148	15,512	19,274
Warrant liabilities	NaN	0	140,970	91,037
Operating lease liabilities, net of current portion	9,703	6,050	6,101	6,322
Loans payable, net, non-current	35,423	35,825	32,054	32,061
Deferred revenue, non-current	2,081	560	629	654
Total liabilities	75,563	63,583	195,266	149,348
Common stock, par value 0.0001 per share 675,000,000 shares authorized at both march31, 2026 and december31, 2025 370,038,436 shares and 358,741,605 shares issued and outstanding as of march31, 2026 and december31, 2025, respectively	37	35	34	33
Additional paid-in capital	2,133,730	1,843,218	1,619,322	1,503,136
Accumulated deficit	-1,000,359	-982,002	-939,676	-799,690
Accumulated other comprehensive loss	-9,156	-9,021	-9,126	-9,225
Total stockholders' equity	1,124,252	852,230	670,554	694,254
Total liabilities and stockholders equity	1,199,815	915,813	865,820	843,602

Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

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Balance Sheets

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Balance Sheets