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D-Wave Quantum Inc. (QBTS)

For the quarter ending 2025-06-30, QBTS made $3,095K in revenue. -$166,542K in net income. Net profit margin of -5381.00%.

Overview

Revenue
$3,095K
Net Income
-$166,542K
Net Profit Margin
-5381.00%
EPS
-$0.55
Unit: Thousand (K) dollars
Revenue Breakdown
    • QCaa S
    • System Sales
    • Professional Services
    • Product And Service Other
Revenue Breakdown
    • Transferred Over Time
    • Transferred At Point In Time
Revenue Breakdown
    • DE
    • US
    • Other Geographical Areas
    • Others

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Revenue3,095 15,001 1,870 2,183
Cost of revenue1,119 1,124 827 795
Total gross profit1,976 13,877 1,043 1,388
Sales and marketing6,633 6,923 3,752 4,401
Research and development12,694 10,288 8,668 8,355
General and administrative9,151 7,957 9,259 7,471
Total operating expenses28,478 25,168 21,679 20,227
Loss from operations-26,502 -11,291 -20,636 -18,839
Term loan debt issuance costs- - - -
Other income (expense), net1,427 2,153 195 -
Interest expense206 226 1,180 -
Gain (loss) on investment in marketable securities- - -8 -
Change in fair value of warrant liabilities142,048 -3,943 -476 -
Change in fair value of term loan- - 1,559 -
Total other income (expense), net-140,827 5,870 -2,076 -
Net loss-167,329 -5,421 -22,712 -17,800
Foreign currency translation adjustment787 498 -151 -
Net comprehensive loss-166,542 -4,923 -22,863 -17,756
Net loss per share, basic (in usd per share)-0.55 -0.02 -0.11 -0.1
Net loss per share, diluted (in usd per share)-0.55 -0.02 -0.11 -0.1
Weighted-average shares used in computing net loss per share, basic (in shares)302,288,793 286,420,374 201,585,533 172,139,085
Weighted-average shares used in computing net loss per share, diluted (in shares)302,288,793 286,420,374 201,585,533 172,139,085
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Net comprehensiveloss-$166,542K (-837.95%↓ Y/Y)Foreign currencytranslation adjustment$787K Professional Services$785K (129.53%↑ Y/Y)QCaa S$1,241K (-30.24%↓ Y/Y)System Sales$1,025K Product And ServiceOther$44K (-29.03%↓ Y/Y)Net loss-$167,329K (-840.05%↓ Y/Y)Revenue$3,095K (41.78%↑ Y/Y)Total other income(expense), net-$140,827K Loss from operations-$26,502K (-40.68%↓ Y/Y)Other income(expense), net$1,427K Total gross profit$1,976K (42.36%↑ Y/Y)Cost of revenue$1,119K (40.75%↑ Y/Y)Change in fair value ofwarrant liabilities$142,048K Total operatingexpenses$28,478K (40.79%↑ Y/Y)Interest expense$206K General andadministrative$9,151K (22.49%↑ Y/Y)Research and development$12,694K (51.93%↑ Y/Y)Sales and marketing$6,633K (50.72%↑ Y/Y)