For the quarter ending 2025-09-30, QBTS made $3,739K in revenue. -$139,887K in net income. Net profit margin of -3741.29%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Revenue | 3,739 | 3,095 | 15,001 | 2,309 |
| Cost of revenue | 1,070 | 1,119 | 1,124 | 836 |
| Total gross profit | 2,669 | 1,976 | 13,877 | 1,473 |
| Research and development | 14,075 | 12,694 | 10,288 | 9,752 |
| General and administrative | 9,383 | 9,151 | 7,957 | 8,126 |
| Sales and marketing | 6,947 | 6,633 | 6,923 | 3,827 |
| Total operating expenses | 30,405 | 28,478 | 25,168 | 21,705 |
| Loss from operations | -27,736 | -26,502 | -11,291 | -20,232 |
| Interest expense | 201 | 206 | 226 | 417 |
| Change in fair value of term loan | 0 | 0 | 0 | 10 |
| Term loan debt issuance costs | - | - | - | 0 |
| Gain (loss) on investment in marketable securities | 850 | 0 | 0 | 0 |
| Change in fair value of warrant liabilities | 121,859 | 142,048 | -3,943 | 68,264 |
| Other income, net | 8,960 | 1,427 | 2,153 | 2,846 |
| Total other income (expense), net | -112,250 | -140,827 | 5,870 | -65,845 |
| Net loss | -139,986 | -167,329 | -5,421 | -86,077 |
| Foreign currency translation adjustment | 99 | 787 | 498 | 89 |
| Net comprehensive loss | -139,887 | -166,542 | -4,923 | -85,988 |
| Net loss per share, basic (in usd per share) | -0.41 | -0.55 | -0.02 | -0.43 |
| Net loss per share, diluted (in usd per share) | -0.41 | -0.55 | -0.02 | -0.43 |
| Weighted-average shares used in computing net loss per share, basic (in shares) | 342,204,831 | 302,288,793 | 286,420,374 | -342,904,059 |
| Weighted-average shares used in computing net loss per share, diluted (in shares) | 342,204,831 | 302,288,793 | 286,420,374 | -342,904,059 |
D-Wave Quantum Inc. (QBTS)
D-Wave Quantum Inc. (QBTS)