| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Revenue | 2,858 | 2,752 | 3,739 | 3,095 |
| Cost of revenue | 1,040 | 968 | 1,070 | 1,119 |
| Total gross profit | 1,818 | 1,784 | 2,669 | 1,976 |
| Research and development | 25,793 | 13,677 | 14,075 | 12,694 |
| General and administrative | 20,275 | 14,695 | 9,383 | 9,151 |
| Sales and marketing | 10,477 | 8,251 | 6,947 | 6,633 |
| Total operating expenses | 56,545 | 36,623 | 30,405 | 28,478 |
| Loss from operations | -54,727 | -34,839 | -27,736 | -26,502 |
| Interest income | 5,785 | 24,138* | NaN | NaN |
| Interest expense | 259 | 3,403* | 201 | 206 |
| Change in fair value of term loan | NaN | 0 | 0 | 0 |
| Gain on investment in marketable securities, net | 1,880 | -1,009 | 850 | 0 |
| Change in fair value of warrant liabilities | 0 | 10,576 | 121,859 | 142,048 |
| Other income (expense), net | 512 | -16,637 | 8,960 | 1,427 |
| Total other income, net | 7,918 | -7,487 | -112,250 | -140,827 |
| Loss before income taxes | -46,809 | NaN | NaN | NaN |
| Income tax benefit, net | -28,452 | NaN | NaN | NaN |
| Net loss | -18,357 | -42,326 | -139,986 | -167,329 |
| Foreign currency translation adjustment | 18 | -49 | 99 | 787 |
| Unrealized losses on available-for-sale securities | -153 | 154 | NaN | NaN |
| Total other comprehensive income (loss), net of tax | -135 | 105 | NaN | NaN |
| Net comprehensive loss | -18,492 | -42,221 | -139,887 | -166,542 |
| Basic EPS | -0.05 | -0.119 | -0.41 | -0.55 |
| Diluted EPS | -0.05 | -0.119 | -0.41 | -0.55 |
| Basic Average Shares | 367,473,219 | 353,894,102 | 342,204,831 | 302,288,793 |
| Diluted Average Shares | 367,473,219 | 353,894,102 | 342,204,831 | 302,288,793 |
D-Wave Quantum Inc. (QBTS)
D-Wave Quantum Inc. (QBTS)