D-Wave Quantum Inc. (NYSE:QBTS) — Stock Price
D-Wave Quantum Inc. (NYSE:QBTS) is currently trading at $20.19 USD, down 2.75% today. Over the past 52 weeks, shares have ranged between $12.98 and $44.78. This page tracks D-Wave Quantum Inc.'s live share price on the NYSE exchange, its daily price and volume history, and — where reported — its income statement, balance sheet, cash flow statement, and earnings history. For company valuation and market capitalisation context, see D-Wave Quantum Inc. (QBTS) market capitalisation.
D-Wave Quantum Inc. (QBTS) Stock Price Chart — Daily History & Trading Volume
The chart below tracks D-Wave Quantum Inc.'s daily closing share price and trading volume on the NYSE exchange over the past year, giving a clear view of recent price momentum and liquidity.
D-Wave Quantum Inc. Income Statement — Revenue, Profit & Earnings by Year
D-Wave Quantum Inc.'s annual income statement shows how revenue converts into profit each fiscal year, including gross profit, operating income, EBITDA, and net income.
| Fiscal Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total Revenue | $24.59 Million | $8.83 Million | $8.76 Million | $7.17 Million | $6.28 Million |
| Cost of Revenue | $4.28 Million | $3.26 Million | $4.14 Million | $2.92 Million | $1.75 Million |
| Gross Profit | $20.31 Million | $5.56 Million | $4.62 Million | $4.25 Million | $4.53 Million |
| Research & Development | $50.73 Million | $35.30 Million | $37.88 Million | $32.10 Million | $25.40 Million |
| SG&A | $41.19 Million | $32.42 Million | $37.01 Million | $21.54 Million | $11.90 Million |
| Total Operating Expenses | $120.67 Million | $82.79 Million | $85.17 Million | $63.71 Million | $43.48 Million |
| Operating Income | $-100.37 Million | $-77.22 Million | $-80.55 Million | $-59.46 Million | $-38.95 Million |
| EBITDA | $-348.74 Million | $-138.05 Million | $-80.83 Million | $-49.03 Million | $-34.36 Million |
| EBIT | $-351.05 Million | $-139.98 Million | $-82.68 Million | $-51.37 Million | $-36.96 Million |
| Interest Expense | $4.01 Million | $3.90 Million | $2.15 Million | $2.33 Million | $4.01 Million |
| Income Before Tax | $-355.06 Million | $-143.88 Million | $-82.72 Million | $-53.70 Million | $-40.97 Million |
| Income Tax Expense | — | $-143.88 Million | $-12.56 Million | $-12.56 Million | $2.53 Million |
| Net Income | $-355.06 Million | $-143.88 Million | $-82.72 Million | $-53.70 Million | $-40.97 Million |
D-Wave Quantum Inc. Balance Sheet — Assets, Liabilities & Shareholder Equity
The balance sheet below summarizes D-Wave Quantum Inc.'s financial position at each fiscal year-end — what it owns (assets), what it owes (liabilities), and the resulting shareholder equity.
| Fiscal Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total Assets | $915.81 Million | $199.85 Million | $59.36 Million | $26.95 Million | $29.47 Million |
| Total Current Assets | $896.23 Million | $185.04 Million | $47.05 Million | $13.93 Million | $16.02 Million |
| Cash & Equivalents | — | — | — | — | — |
| Short-term Investments | $249.13 Million | $0.00 | — | — | — |
| Net Receivables | $4.68 Million | $1.76 Million | $1.65 Million | $1.08 Million | $2.07 Million |
| Inventory | $2.78 Million | $1.69 Million | $2.08 Million | $2.20 Million | $2.11 Million |
| Property, Plant & Equipment | — | — | — | $2.29 Million | $11.83 Million |
| Goodwill | — | — | — | — | — |
| Total Liabilities | $63.58 Million | $137.21 Million | $83.84 Million | $56.41 Million | $47.82 Million |
| Total Current Liabilities | $21.15 Million | $30.14 Million | $11.25 Million | $16.04 Million | $10.45 Million |
| Long-term Debt | $35.83 Million | $30.13 Million | $63.85 Million | $8.07 Million | $12.23 Million |
| Net Debt | $-591.89 Million | $-139.60 Million | $31.34 Million | $35.22 Million | $29.94 Million |
| Total Stockholder Equity | $852.23 Million | $62.65 Million | $-24.48 Million | $-29.46 Million | $-18.36 Million |
| Retained Earnings | $-982.00 Million | $-626.94 Million | $-483.06 Million | $-400.35 Million | $-346.64 Million |
D-Wave Quantum Inc. Cash Flow Statement — Operating, Investing & Financing Activities
This cash flow statement breaks down how D-Wave Quantum Inc. generates and spends cash across operating, investing, and financing activities each fiscal year, including free cash flow and capital expenditures.
| Fiscal Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Cash Flow | $-71.98 Million | $-42.64 Million | $-60.65 Million | $-45.23 Million | $-34.80 Million |
| Capital Expenditures | $3.86 Million | $2.11 Million | $630.00K | $498.00K | $2.00 Million |
| Free Cash Flow | $-75.84 Million | $-44.75 Million | $-61.28 Million | $-45.72 Million | $-36.80 Million |
| Investing Cash Flow | $-251.13 Million | $-3.14 Million | $-630.00K | $-498.00K | $-2.00 Million |
| Financing Cash Flow | $779.15 Million | $182.45 Million | $95.64 Million | $43.27 Million | $24.91 Million |
| Dividends Paid | — | — | $491.00K | $0.00 | $0.00 |
| Stock-Based Compensation | $22.66 Million | $15.66 Million | $21.92 Million | $9.16 Million | $1.74 Million |
| Depreciation | $2.31 Million | $1.93 Million | $1.84 Million | $2.33 Million | $2.60 Million |
| Change in Cash | $457.37 Million | $136.67 Million | $34.24 Million | $-2.42 Million | $-11.85 Million |
D-Wave Quantum Inc. Earnings History — EPS Actual vs. Analyst Estimates
Track D-Wave Quantum Inc.'s quarterly earnings per share (EPS) against Wall Street estimates, along with the earnings surprise percentage for each reporting period.
| Report Date | EPS Actual | EPS Estimate | Surprise |
|---|---|---|---|
| May 12, 2026 | -0.05 | -0.06 | +20.76% |
| Feb 26, 2026 | -0.09 | -0.06 | -45.40% |
| Nov 06, 2025 | -0.05 | -0.07 | +28.57% |
| Aug 06, 2025 | -0.08 | -0.05 | -48.15% |
| May 08, 2025 | -0.02 | -0.06 | +67.00% |
| Mar 13, 2025 | -0.10 | -0.08 | -25.00% |
| Nov 14, 2024 | -0.10 | -0.08 | -20.00% |
| Aug 08, 2024 | -0.09 | -0.09 | +0.00% |