Financial insights of QBTS

MyFinsight

For the year ending 2025-12-31, QBTS made $24,587K in revenue. -$353,573K in net income. Net profit margin of -1438.05%.

Income Statement	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue	24,587	8,827	8,758	7,173
Cost of revenue	4,281	3,264	4,136	2,923
Total gross profit	20,306	5,563	4,622	4,250
Research and development	50,734	35,300	37,878	32,101
General and administrative	41,186	32,422	37,014	21,539
Sales and marketing	28,754	15,064	10,276	10,068
Total operating expenses	120,674	82,786	85,168	63,708
Loss from operations	-100,368	-77,223	-80,546	-59,458
Interest expense	-	-	-	4,633
Government assistance	-	-	-	0
Interest income	24,115	-	-	-
Non-cash interest income on sif	-	-	-	5,673
Interest expense	4,013	3,897	37	-
Gain on debt extinguishment	-	-	-	0
Change in fair value of term loan	0	645	-640	-
Gain on settlement of warrant liability	-	-	-	0
Term loan debt issuance costs	-	0	2,118	-
Gain (loss) on investment in marketable securities, net	-159	1,495	-	0
Change in fair value of warrant liabilities	270,540	68,245	-262	-6,173
Lincoln park purchase agreement issuance costs	-	-	0	629
Other income (expense), net	-4,097	4,636	-916	1,345
Total other income (expense), net	-254,694	-66,656	-2,169	7,929
Net loss	-355,062	-143,879	-82,715	-51,529
Foreign currency translation adjustment	1,335	7	-115	41
Unrealized gains on available-for-sale securities	154	-	-	-
Total other comprehensive income (loss), net of tax	1,489	-	-	-
Net comprehensive loss	-353,573	-143,872	-82,830	-51,488

Basic EPS	-1.11	-0.75	-0.6	-0.43
Diluted EPS	-1.11	-0.75	-0.6	-0.43
Basic Average Shares	321,202,025	192,129,049	137,993,736	119,647,777
Diluted Average Shares	321,202,025	192,129,049	137,993,736	119,647,777