D-Wave Quantum Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $24.6 | $8.8 | $8.8 | $7.2 | $6.3 |
| Operating income | -$100.4 | -$77.2 | -$80.5 | -$59.5 | -$38.9 |
| Net income | -$355.1 | -$143.9 | -$82.7 | -$53.7 | -$41.0 |
| Balance Sheet | |||||
| Total debt | — | — | — | $28.9 | $29.8 |
| Cash Flow Statement | |||||
| Free cash flow | -$75.8 | -$44.7 | -$61.2 | -$45.6 | -$36.6 |
Shares outstanding 369.3M · Free float 90.8%
Annual filing data through FY ended December 31, 2025; float as of October 6, 2026.
Earnings
Other Coverage
October 14, 2026
Theme Survey
Quantum Computing: Deals Firm Up, Roadmap Risks Persist
October 9, 2026
Industry Earnings Roundup
Aci Lifts 2026 Guidance as Software Demand Stays Positive
September 28, 2026
QBook
Stronger demand supports expansion as pricing diverges
August 4, 2026
Theme Survey
Quantum Computing: Scaling Hardware and Securing Assets