---
title: "D-Wave Quantum (QBTS.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/QBTS.US/norm.md"
symbol: "QBTS.US"
name: "D-Wave Quantum"
parent: "https://longbridge.com/en/quote/QBTS.US.md"
datetime: "2026-05-20T09:03:34.955Z"
locales:
  - [en](https://longbridge.com/en/quote/QBTS.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/QBTS.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/QBTS.US/norm.md)
---

# D-Wave Quantum (QBTS.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.0500 | -0.1199 | -0.4091 | -0.5535 | -0.0189 |
| ROE | -7.43% | -22.24% | -82.05% | -148.47% | -16.06% |
| Revenue | 2.86M | 2.75M | 3.74M | 3.10M | 15.00M |
| Net income | -18.36M | -42.33M | -139.99M | -167.33M | -5.42M |
| Operating income | -54.73M | -34.84M | -27.74M | -26.50M | -11.29M |
| Gross margin | 63.61% | 64.83% | 71.38% | 63.84% | 92.51% |
| Net margin | -642.30% | -1538.01% | -3743.94% | -5406.43% | -36.14% |
| Profit quality | - | - | - | - | - |

## Balance Sheet (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 1.20B | 915.81M | 865.82M | 843.60M | 325.60M |
| Leverage | 1.07 | 1.07 | 1.29 | 1.22 | 1.57 |
| BVPS | 3.04 | 2.38 | 1.94 | 2.04 | 0.7118 |
| Turnover | 0.0163 | 0.0441 | 0.0528 | 0.0492 | 0.1142 |
| Cash & STI | 588.39M | 884.48M | 836.23M | 819.31M | 304.32M |
| Inv & Rec | 2.92M | 2.78M | 2.83M | 2.45M | 1.70M |
| LT assets | 25.40M | 14.36M | 12.32M | 11.42M | 11.08M |
| Net debt | -541.58M | -841.02M | -796.44M | -779.33M | -265.87M |

## Cash Flow Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -44.96M | -18.37M | -19.05M | -15.29M | -19.28M |
| Investing CF | -252.06M | -249.57M | -1.21M | 141000.00 | -498000.00 |
| Financing CF | -143000.00 | 67.11M | 37.08M | 529.35M | 145.62M |
| Free CF | -23.15M | -11.49M | -18.00M | -8.34M | -17.65M |
| OCF coverage | -4032.29% | -1079.44% | -1874.51% | -1372.17% | -4401.60% |
| Repaid & issued | - | 0.0000 | 412000.00 | - | - |
| CapEx | -1.08M | -1.66M | -1.02M | -749000.00 | -438000.00 |