D-Wave Quantum Inc.

QBTS

QBTSD-Wave Quantum Inc. US flag

New York Stock Exchange

17.66

USD

-0.14

- -

6.49BMarket Cap

Income Statement (USD)

API ChatGPT

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	5	6	7	9	9	25
+ Sales & Services Revenue	5	6	7	9	9	25
- Cost of Revenue	1	2	3	4	3	4
+ Cost of Goods & Services	1	2	3	4	3	4
Gross Profit	4	5	4	5	6	20
+ Other Operating Income	- -	- -	- -	- -	- -	- -
- Operating Expenses	36	43	64	85	83	121
+ Selling, General & Admin	15	18	32	47	47	70
+ Research & Development	20	25	32	38	35	51
+ Other Operating Expense	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-31	-39	-59	-81	-77	-100
- Non-Operating (Income) Loss	-10	2	-6	2	67	255
+ Interest Expense, Net	5	4	-3	- -	2	-20
+ Interest Expense	5	4	2	- -	4	4
- Interest Income	- -	- -	6	- -	2	24
+ Other Non-Op (Income) Loss	-15	-2	-2	2	64	275
Pretax Income	-22	-41	-54	-83	-144	-355
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-22	-41	-54	-83	-144	-355
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-22	-41	-54	-83	-144	-355
- Minority Interest	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-22	-41	-54	-83	-144	-355
- Preferred Dividends	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-22	-41	-54	-83	-144	-355
EBIT	-31	-39	-59	-81	-77	-100
EBITDA	-29	-36	-57	-79	-75	-98
EBITDA Margin (%)	-557	-578.85	-796.39	-898.62	-852.96	-398.84
EBITA	-31	-39	-59	-81	-77	-100
Gross Margin (%)	82.27	72.13	59.25	52.77	63.02	82.59
Operating Margin (%)	-609.83	-620.29	-828.91	-919.68	-874.85	-408.22
Profit Margin (%)	-425.72	-652.54	-748.67	-944.45	-1,629.99	-1,444.1
Sales per Employee	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -
Depreciation Expense	3	3	2	2	2	2
Basic Weighted Avg Shares	110	110	120	138	192	321
Basic EPS, GAAP	-0.2	-0.37	-0.45	-0.6	-0.75	-1.11
Basic EPS from Cont Ops	-0.2	-0.37	-0.45	-0.6	-0.75	-1.11
Diluted Weighted Avg Shares	110	110	120	138	192	321
Diluted EPS, GAAP	-0.2	-0.37	-0.45	-0.6	-0.75	-1.11
Diluted EPS from Cont Ops	-0.2	-0.37	-0.45	-0.6	-0.75	-1.11

Balance Sheet (USD)

API ChatGPT

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	41	16	14	47	185	896
+ Cash, Cash Equivalents & STI	21	9	7	41	178	884
+ Cash & Cash Equivalents	21	9	7	41	178	635
+ ST Investments	- -	- -	- -	- -	- -	249
+ Accounts & Notes Receiv	16	2	1	2	2	5
+ Accounts Receivable, Net	1	- -	1	2	1	2
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	16	2	- -	- -	- -	3
+ Inventories	3	2	2	2	2	3
+ Raw Materials	3	2	2	2	2	3
+ Work In Process	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1	2	4	2	4	4
+ Misc ST Assets	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	6	13	13	12	15	20
+ Property, Plant & Equip, Net	6	12	11	11	11	14
+ Property, Plant & Equip	26	34	35	35	36	40
- Accumulated Depreciation	20	22	23	24	25	26
+ LT Investments & Receivables	- -	1	1	1	3	2
+ LT Investments	- -	1	1	1	3	2
+ LT Receivables	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	- -	1	3
+ Total Intangible Assets	- -	- -	- -	- -	- -	1
+ Goodwill	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	1
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	- -	- -	2
Total Assets	47	29	27	59	200	916
+ Payables & Accruals	4	5	9	4	4	6
+ Accounts Payable	2	2	4	1	1	1
+ Accrued Taxes	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	2	2	5	2	3	5
+ ST Debt	2	2	4	2	2	2
+ ST Borrowings	- -	- -	2	- -	- -	- -
+ ST Finance Leases	2	2	2	1	2	1
+ Other ST Liabilities	6	4	3	6	24	13
+ Deferred Revenue	5	3	2	3	19	3
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	1	1	2	3	5	10
Total Current Liabilities	12	10	16	11	30	21
+ LT Debt	3	37	38	71	37	42
+ LT Borrowings	1	30	31	64	30	36
+ LT Finance Leases	1	7	7	7	6	6
+ Other LT Liabilities	- -	- -	2	2	71	1
+ Accrued Liabilities	- -	- -	- -	- -	1	1
+ Pension Liabilities	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	2	2	70	- -
Total Noncurrent Liabilities	3	37	40	73	107	42
Total Liabilities	15	48	56	84	137	64
+ Preferred Equity and Hybrid Capital	190	190	- -	- -	- -	- -
+ Share Capital & APIC	147	149	381	469	700	1,843
+ Common Stock	2	- -	- -	- -	- -	- -
+ Additional Paid in Capital	145	149	381	469	700	1,843
- Treasury Stock	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-294	-347	-400	-483	-627	-982
+ Other Equity	-10	-10	-10	-11	-11	-9
Equity Before Minority Interest	33	-18	-29	-24	63	852
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -
Total Equity	33	-18	-29	-24	63	852
Total Liabilities & Equity	47	29	27	59	200	916
Shares Outstanding	110	110	113	161	267	359
Number of Employees	- -	- -	- -	- -	- -	- -
Capital Leases - Total	3	9	9	8	8	7
Net Debt	-20	21	26	23	-148	-599
Net Debt to Equity	-60.07	-115.84	-89.56	-93.71	-235.46	-70.33
Tangible Common Equity Ratio	-332.47	-714.17	-111.25	-41.67	31.18	93.05
Current Ratio	3.45	1.53	0.87	4.18	6.14	42.38
Cash Conversion Cycle	- -	-69.54	-57.12	1.65	129.09	152.56

Cash Flow Statement (USD)

API ChatGPT

	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

+ Net Income	-22	-41	-54	-83	-144	-355
+ Depreciation & Amortization	3	3	2	2	2	2
+ Non-Cash Items	-3	5	3	23	78	295
+ Stock-Based Compensation	3	2	9	22	16	23
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-6	3	-6	1	63	273
+ Chg in Non-Cash Work Cap	-7	-1	3	-3	21	-15
+ (Inc) Dec in Accts Receiv	-1	2	1	-1	- -	- -
+ (Inc) Dec in Inventories	-1	- -	- -	- -	- -	-2
+ (Inc) Dec in Prepaid Assets	- -	-1	- -	2	-2	-1
+ Inc (Dec) in Accts Payable	-4	- -	4	-4	5	7
+ Inc (Dec) in Other	-1	-3	-2	- -	18	-19
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-29	-35	-45	-61	-43	-72
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-2	- -	-1	-2	-4
+ Acq of Fixed Prod Assets	-1	-2	- -	-1	-2	-4
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	40	64	214	575
+ Increase in Capital Stock	- -	- -	40	64	214	575
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	-1	-248
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -	-1	-248
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-1	-2	- -	-1	-3	-251
+ Dividends Paid	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	-2	27	-30	- -
+ Cash From Debt	- -	- -	20	29	- -	- -
+ Repayments of Debt	- -	- -	-22	-2	-30	- -
+ Other Financing Activities	43	25	5	5	-1	205
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	43	25	43	96	182	779
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	1
Net Changes in Cash	13	-12	-2	34	137	456
EBITDA	-29	-36	-57	-79	-75	-98
EBITDA Margin (%)	-557	-578.85	-796.39	-898.62	-852.96	-398.84
Free Cash Flow	-30	-37	-46	-61	-45	-76
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-37	-237	-34	-75	-76
Free Cash Flow per Basic Share	-0.27	-0.34	-0.38	-0.44	-0.23	-0.24
Price/Free Cash Flow	-40.09	-32.86	-3.85	-2.02	-39.81	-123.3
Cash Flow to Net Income	1.33	0.85	0.84	0.73	0.3	0.2
Capital Expenditures	-1	-2	- -	-1	-2	-4