Financials in USD. Standardized financial statements.
A compact view of how D-Wave Quantum Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue? | $24.59M | $8.83M | $8.76M | $7.17M | $6.28M | $5.16M |
| Revenue Growth? | +178.5% | +0.8% | +22.1% | +14.2% | +21.7% | 0.0% |
| Cost of Revenue? | $4.28M | $3.26M | $4.14M | $2.92M | $1.75M | $915,000 |
| Gross Profit? | $20.31M | $5.56M | $4.62M | $4.25M | $4.53M | $4.25M |
| Gross Margin? | +82.6% | +63.0% | +52.8% | +59.2% | +72.1% | +82.3% |
| Operating Expenses? | $120.67M | $82.79M | $85.17M | $63.71M | $43.48M | $35.71M |
| Operating Income? | -$100.37M | -$77.22M | -$80.55M | -$59.46M | -$38.95M | -$31.47M |
| EBITDA? | -$348.74M | -$138.05M | -$80.83M | -$49.03M | -$34.36M | -$14.06M |
| Income Before Tax | -$355.06M | -$143.88M | -$82.72M | -$53.70M | -$40.97M | -$21.97M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income? | -$355.06M | -$143.88M | -$82.72M | -$53.70M | -$40.97M | -$21.97M |
| EPS? | $-1.11 | $-0.75 | $-0.60 | $-0.45 | $-0.33 | $-0.20 |
| Diluted EPS? | $-1.11 | $-0.75 | $-0.60 | $-0.45 | $-0.33 | $-0.20 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality