MARKETS / NYSE / QBTS
NYSE · SERVICES-COMPUTER PROCESSING & DATA PREPARATION · SMALL CAP

D-wave Quantum Inc. QBTS

6 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$24.6M
▲ 178.5% vs FY2024
EPS · FY25
Dividend / sh · FY25
Payout · FY25
ROE · FY25
-77.6%
Net margin · FY25
-1444.1%
Dividend coverage
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Result
USD 24.6M
Revenue, FY2025 · full 6-year series below
Revenue Net income
0.0080.0160.0240.0320.0-0.4202020232025
0.0080.0160.0240.0320.0-0.4202020232025

The company lost 1444 cents on every revenue dollar this year.

Per share
Diluted EPS, FY2025
EPS
0.40.81.2202020232025
0.40.81.2202020232025

The company pays no cash dividend.

Profitability
-77.6%
Return on equity, FY2025
ROE
0.250.50.751-77.6%202020232025
0.250.50.751-77.6%202020232025
Operating margin-408.2%
Net margin-1444.1%
Return on assets-63.7%

Each USD of equity lost 78 cents this year.

Returned to shareholders
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacks
Share of profit
Consecutive raises

Growth
+36.7% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+50.8%
+36.7%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
Shares outstanding, FY2025
Change, 5 years
Change, 10 years

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 915.8M
total assets, end of FY2025
Total assetsUSD 915.8M
EquityUSD 852.2M
CashUSD 635.3M
Gross debtUSD 35.8M
Net debtUSD -599.5M
Current ratio42.38×

The company holds more cash than debt.

History
6 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
Revenue $B
0.0
0.0
0.0
0.0
0.0
0.0
Operating income $B
−0.1
−0.1
−0.1
−0.1
−0.0
−0.0
EBITDA $B
−0.1
−0.1
−0.1
−0.1
−0.0
−0.0
Income tax $B
0.0
·
·
·
·
·
Net income $B
−0.4
−0.1
−0.1
−0.1
−0.0
−0.0
EPS, diluted $
·
·
·
·
·
·
Dividend / sh $
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
ROE %
−77.6
−754.0
·
·
−3379.2
−105.7
Shares out B
·
·
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
24 of 24
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed