D-Wave Quantum (QBTS)
Builds annealing quantum systems while developing error-corrected gate-model computing.
$17.27
vs last close−0.43 (−2.46%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 3 | 2 | 2 | 2 | 2 | 15 | 3 | 4 | 3 | 3 | 3 |
| Cost of revenue | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Gross profit | 2 | 2 | 2 | 1 | 1 | 1 | 14 | 2 | 3 | 2 | 2 | 2 |
| 20 | 19 | 19 | 20 | 22 | 22 | 25 | 28 | 30 | 37 | 57 | 55 | |
| Research & development | 9 | 8 | 9 | 8 | 9 | 10 | 10 | 13 | 14 | 14 | 26 | 28 |
| 10 | 11 | 11 | 12 | 13 | 12 | 15 | 16 | 16 | 23 | 31 | 27 | |
| Selling & marketing | 2 | 2 | 3 | 4 | 4 | 4 | 7 | 7 | 7 | 8 | 10 | 11 |
| General & administrative | 8 | 8 | 8 | 7 | 9 | 8 | 8 | 9 | 9 | 15 | 20 | 15 |
| Operating income | −18 | −17 | −18 | −19 | −21 | −20 | −11 | −27 | −28 | −35 | −55 | −53 |
| 2 | 0 | 0 | 1 | −2 | −66 | 6 | −141 | −112 | −7 | 8 | 5 | |
| Interest income | 0 | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 0 | 5 |
| Interest expense | 2 | 0 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 3 | 6 | 0 |
| Other non-operating income | −3 | 2 | −1 | −2 | 1 | 65 | −6 | 141 | 112 | 4 | −8 | −6 |
| Income before tax | −16 | −16 | −17 | −18 | −23 | −86 | −5 | −167 | −140 | −42 | −47 | −48 |
| Income tax expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −28 | 0 |
| Net income from continuing operations | −16 | −16 | −17 | −18 | −23 | −86 | −5 | −167 | −140 | −42 | −18 | −48 |
| Net income | −16 | −16 | −17 | −18 | −23 | −86 | −5 | −167 | −140 | −42 | −18 | −48 |
| EPS, basic | −$0.12 | −$0.10 | −$0.11 | −$0.10 | −$0.11 | −$0.37 | −$0.02 | −$0.57 | −$0.41 | −$0.12 | −$0.05 | −$0.13 |
| EPS, diluted | −$0.12 | −$0.10 | −$0.11 | −$0.10 | −$0.11 | −$0.37 | −$0.02 | −$0.57 | −$0.41 | −$0.12 | −$0.05 | −$0.13 |
| Weighted average shares, basic | 133 | 159 | 161 | 172 | 202 | 233 | 286 | 294 | 341 | 353 | 367 | 371 |
| Weighted average shares, diluted | 133 | 159 | 161 | 172 | 202 | 233 | 286 | 294 | 342 | 353 | 367 | 371 |
| EBITDA | −15 | −18 | −16 | −16 | −21 | −85 | −5 | −167 | −139 | −38 | −42 | −39 |
| Depreciation & amortization | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 4 | 9 |
| EBIT | −15 | −19 | −16 | −17 | −22 | −86 | −5 | −167 | −140 | −39 | −47 | −48 |
