Name: QBTS Income Statement - D-wave Quantum Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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QBTS - D-wave Quantum Inc.

USD | NYSE | Technology

QBTS Income Statement - D-wave Quantum Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q3 FY 21	Q2 FY 21
Revenues
Revenues	2.9	2.8	3.7	3.1	15.0	2.3	1.9	2.2	2.5	2.9	2.6	1.7	1.6	2.4	1.7	1.4	1.7	1.3	1.1
Cost of Revenue	1.0	1.0	1.1	1.1	1.1	0.8	0.8	0.8	0.8	0.9	1.0	1.0	1.2	1.0	0.7	0.6	0.6	0.3
Gross Profit	1.8	1.8	2.7	2.0	13.9	1.5	1.0	1.4	1.7	2.0	1.5	0.7	0.4	1.4	1.0	0.8	1.1
Operating Expenses
Research & Development	25.8	13.7	14.1	12.7	10.3	9.8	8.7	8.4	8.5	8.0	9.5	9.5	10.9	10.3	7.5
Operating Income
Operating Income	(54.7)	(34.8)	(27.7)	(26.5)	(11.3)	(20.2)	(20.6)	(18.8)	(17.5)	(16.5)	(18.4)	(20.9)	(24.7)	(20.9)
Non-Operating
Interest Income	5.8	-	-	-	3.1	-	-	-	-	-	-	-	-	-	-	-
Tax & Net
Income Tax Expense	(28.5)	-	-	-	0.0	-	-	-	-	-	-	-	-	-	-	-
Per Share
EPS Basic	(0.05)	-	(0.41)	(0.55)	(0.02)	-	(0.11)	(0.10)	(0.11)	-	(0.12)	(0.21)	(0.20)	-	(0.10)	(0.10)
Supplementary Data
EBITDA	(50.9)	(34.3)	(27.4)	(26.2)	(10.9)	(19.8)	(20.4)	(18.6)	(17.3)	(16.2)	(18.2)	(20.7)	(24.4)	(20.5)	(14.9)	(12.1)

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Revenues
Revenues	12.4	24.6	8.8	8.8	7.2	6.3	5.2
Cost of Revenue	4.2	4.3	3.3	4.1	2.9	1.8	0.9
Gross Profit	8.2	20.3	5.6	4.6	4.3	4.5	4.2
Operating Expenses
Research & Development	66.2	50.7	35.3	37.9	32.1	25.4	20.4
Selling General & Administrative	-	-	-	-	-	-
Operating Income
Operating Income	(143.8)	(100.4)	(77.2)	(80.5)	(59.5)	(38.9)	(31.5)
Non-Operating
Interest Income	-	24.1	1.7	-	-	-	-
Interest Expense	-	4.0	3.9	-	4.6	1.7	5.3
Tax & Net
Income Tax Expense	-	0.0	-	-	-	-	-
Net Income From Continuing Ops	(368.0)	(355.1)	(143.9)	(82.7)	(53.7)	(41.0)
Per Share
EPS Basic	(1.00)	(1.11)	(0.75)	(0.60)	(0.45)	(0.33)	(0.17)
EPS Diluted	(1.00)	(1.11)	(0.75)	(0.60)	(0.45)	(0.33)	(0.17)
Supplementary Data
EBITDA	(138.8)	(98.8)	(76.1)	(79.5)	(58.0)	(37.4)	(29.6)
EBIT	(143.8)	(100.4)	(77.2)	(80.5)	(59.5)	(38.9)	(31.5)

Source: SEC EDGAR company filings. Figures as reported (US GAAP)