QBTS
D-Wave Quantum Inc.
Company overview
- Market capitalization
- $6.20B
- Employees
- 382
- Latest publication
- 2026-09-29
About D-Wave Quantum Inc.
D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company's server. The company also provides Leap hybrid solver service that offers a combination of quantum and classical computation resources and advanced algorithms to solve problems of enterprise scale; and D-Wave Launch, a phased approach to identify and build in-production quantum hybrid applications, including training sessions and quantum computing access. In addition, the company offers D-Wave Advantage annealing quantum computing systems; and Ocean developer tools. Its quantum solutions are used in allocation, resource scheduling, factory scheduling, vehicle routing, logistics optimization, drug discovery, industrial construction design, portfolio optimization and maintenance, repair, and overhaul optimization. D-Wave Quantum Inc. was founded in 1999 and is based in Palo Alto, California.
Financial statements
Income Quarterly
| Metric | Q2 20262026-06-30 · USD | Q4 20252025-12-31 · USD | Q3 20242024-09-30 · USD | Q2 20242024-06-30 · USD | Q1 20242024-03-31 · USD | Q4 20222022-12-31 · USD | Q3 20222022-09-30 · USD | Q1 20222022-03-31 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 3,076,000USD | 2,752,000USD | 1,870,000USD | 2,183,000USD | 2,465,000USD | 2,395,000USD | 1,695,000USD | 1,713,000USD |
| Cost Of Revenue | 1,372,000USD | 968,000USD | 827,000USD | 795,000USD | 806,000USD | 1,145,000USD | 609,000USD | 616,000USD |
| Gross Profit | 1,704,000USD | 1,784,000USD | 1,043,000USD | 1,388,000USD | 1,659,000USD | 1,250,000USD | 1,086,000USD | 1,097,000USD |
| Research Development | 28,239,000USD | 13,677,000USD | 8,668,000USD | 8,355,000USD | 8,525,000USD | 11,168,000USD | 7,334,000USD | 6,802,000USD |
| Selling General Administrative | 15,388,000USD | 14,695,000USD | 9,259,000USD | 7,471,000USD | 7,566,000USD | 11,642,000USD | 6,921,000USD | 3,646,000USD |
| Selling And Marketing Expenses | 11,355,000USD | 8,251,000USD | 3,752,000USD | 4,401,000USD | 3,084,000USD | — | 2,099,000USD | 1,600,000USD |
| General And Administrative Expenses | 15,388,000USD | — | — | — | — | — | — | — |
| Total Operating Expenses | 54,982,000USD | 36,623,000USD | 21,679,000USD | 20,227,000USD | 19,175,000USD | 23,955,000USD | 16,354,000USD | 12,048,000USD |
| Operating Income | -53,278,000USD | -34,839,000USD | -20,636,000USD | -18,839,000USD | -17,516,000USD | -21,560,000USD | -15,268,000USD | -10,951,000USD |
| Total Other Income Expense Net | 5,258,000USD | -7,487,000USD | -2,076,000USD | 1,061,000USD | 204,000USD | 2,985,000USD | 2,215,000USD | -602,000USD |
| Interest Income | 5,028,000USD | — | — | — | — | — | — | — |
| Interest Expense | 255,000USD | 3,380,000USD | 1,180,000USD | 1,160,000USD | 1,140,000USD | 759,000USD | 1,336,000USD | 63,000USD |
| Income Before Tax | -48,020,000USD | -42,326,000USD | -22,712,000USD | -17,778,000USD | -17,312,000USD | -13,661,000USD | -13,053,000USD | -11,553,000USD |
| Income Tax Expense | 8,000USD | — | — | — | 384,724USD | — | -2,215,000USD | 973,000USD |
| Net Income | -48,028,000USD | -42,326,000USD | -22,712,000USD | -17,778,000USD | -17,312,000USD | -13,661,000USD | -10,838,000USD | -11,553,000USD |
| Net Income Applicable To Common Shares | -48,028,000USD | — | — | — | — | -25,898,000USD | -13,053,000USD | -11,615,000USD |
| Net Interest Income | — | 20,735,000USD | -1,180,000USD | -1,160,000USD | -1,140,000USD | 4,914,000USD | -1,336,000USD | -792,000USD |
| Net Income From Continuing Ops | — | -42,326,000USD | -22,712,000USD | -17,778,000USD | -17,312,000USD | -13,661,000USD | -13,053,000USD | -11,615,000USD |
| Ebit | — | -38,946,000USD | -21,532,000USD | -16,618,000USD | -16,172,000USD | — | -15,268,000USD | -11,490,000USD |
| Ebitda | — | -38,268,000USD | -21,082,000USD | -16,138,000USD | -15,744,000USD | -12,197,000USD | -13,856,000USD | -10,851,000USD |
| Depreciation And Amortization | — | 678,000USD | 450,000USD | 480,000USD | 428,000USD | — | 1,412,000USD | 639,000USD |
| Reconciled Depreciation | — | 678,000USD | 450,000USD | 480,000USD | 428,000USD | 705,000USD | 464,000USD | 639,000USD |
| Unclassified Operating Expenses | — | — | — | — | — | 1,145,000USD | — | — |
| Non Operating Income Net Other | — | — | — | — | — | — | 3,551,000USD | — |
| Source | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Quarterly
| Metric | Q2 20262026-06-30 · USD | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Total Assets | 1,158,430,000USD | 1,199,815,000USD | 915,813,000USD | 865,820,000USD | 843,602,000USD | 325,600,000USD | 199,853,000USD | 49,561,000USD |
| Cash And Equivalents | 296,642,000USD | — | — | — | — | — | — | — |
| Cash And Short Term Investments | 546,215,000USD | 588,395,000USD | 884,481,000USD | 836,231,000USD | 819,312,000USD | 304,321,000USD | 177,980,000USD | 29,274,000USD |
| Short Term Investments | 249,573,000USD | 250,198,000USD | 249,134,000USD | — | — | — | 0USD | — |
| Long Term Investments | 4,232,000USD | 4,232,000USD | 2,391,000USD | 3,400,000USD | 2,574,000USD | 2,574,000USD | 2,574,000USD | 2,574,000USD |
| Total Current Assets | 560,594,000USD | 607,109,000USD | 896,232,000USD | 848,139,000USD | 828,540,000USD | 310,865,000USD | 185,040,000USD | 35,080,000USD |
| Other Current Assets | 8,872,000USD | 5,151,000USD | 4,295,000USD | 4,654,000USD | 4,343,000USD | 3,795,000USD | 3,615,000USD | 2,447,000USD |
| Other Non Current Assets | 9,314,000USD | — | — | — | — | — | — | — |
| Total Liabilities | 75,320,000USD | — | — | — | — | — | — | — |
| Total Current Liabilities | 27,286,000USD | 28,356,000USD | 21,148,000USD | 15,512,000USD | 19,274,000USD | 14,999,000USD | 30,145,000USD | 25,829,000USD |
| Other Current Liabilities | 12,135,000USD | — | — | — | — | — | — | — |
| Total Stockholder Equity | 1,083,110,000USD | 1,124,252,000USD | 852,230,000USD | 670,554,000USD | 694,254,000USD | 207,389,000USD | 62,646,000USD | -16,915,000USD |
| Total Equity Including Noncontrolling Interest | 1,083,110,000USD | — | — | — | — | — | — | — |
| Long Term Debt | 34,886,000USD | 35,423,000USD | 35,825,000USD | 32,054,000USD | 32,061,000USD | 30,367,000USD | 30,128,000USD | 32,013,000USD |
| Deferred Revenue | 9,234,000USD | — | — | — | — | — | — | — |
| Deferred Revenue Non Current | 1,322,000USD | — | — | — | — | — | — | — |
| Net Receivables | 2,019,000USD | 10,648,000USD | 4,680,000USD | 4,423,000USD | 2,437,000USD | 1,047,000USD | 1,759,000USD | 1,456,000USD |
| Inventory | 3,488,000USD | 2,915,000USD | 2,776,000USD | 2,831,000USD | 2,448,000USD | 1,702,000USD | 1,686,000USD | 1,903,000USD |
| Property Plant Equipment Net | 34,118,000USD | 25,397,000USD | 14,359,000USD | 12,324,000USD | 11,419,000USD | 11,083,000USD | 11,394,000USD | 11,056,000USD |
| Goodwill | 342,588,000USD | — | — | — | — | — | — | — |
| Intangible Assets | 211,816,000USD | 215,279,000USD | 915,000USD | 803,000USD | 586,000USD | 531,000USD | 490,000USD | 436,000USD |
| Accounts Payable | 4,521,000USD | 1,707,000USD | 950,000USD | 992,000USD | 1,190,000USD | 1,021,000USD | 815,000USD | 696,000USD |
| Short Term Debt | 1,250,000USD | 1,694,000USD | 1,582,000USD | 1,635,000USD | 1,596,000USD | 1,873,000USD | 1,860,000USD | 15,650,000USD |
| Common Stock | 37,000USD | 37,000USD | 35,000USD | 34,000USD | 33,000USD | 29,000USD | 27,000USD | 20,000USD |
| Retained Earnings | -1,048,387,000USD | -1,000,359,000USD | -982,002,000USD | -939,676,000USD | -799,690,000USD | -632,361,000USD | -626,940,000USD | -540,863,000USD |
| Accumulated Other Comprehensive Income | -9,039,000USD | -9,156,000USD | -9,021,000USD | -9,126,000USD | -9,225,000USD | -10,012,000USD | -10,510,000USD | -10,599,000USD |
| Total Liab | — | 75,563,000USD | 63,583,000USD | 195,266,000USD | 149,348,000USD | 118,211,000USD | 137,207,000USD | 66,476,000USD |
| Other Current Liab | — | 15,460,000USD | 15,838,000USD | 9,496,000USD | 11,582,000USD | 6,556,000USD | 8,784,000USD | 6,573,000USD |
| Capital Stock | — | 37,000USD | 35,000USD | 34,000USD | 33,000USD | 29,000USD | 27,000USD | 20,000USD |
| Good Will | — | 342,588,000USD | — | — | — | — | — | — |
| Cash | — | 338,197,000USD | 635,347,000USD | 836,231,000USD | 819,312,000USD | 304,321,000USD | 177,980,000USD | 29,274,000USD |
| Current Deferred Revenue | — | 9,495,000USD | 2,778,000USD | 3,389,000USD | 4,906,000USD | 5,549,000USD | 18,686,000USD | 2,910,000USD |
| Net Debt | — | -291,377,000USD | -591,890,000USD | -796,441,000USD | -779,333,000USD | -265,868,000USD | -139,603,000USD | 25,355,000USD |
| Short Long Term Debt | — | 140,000USD | 134,000USD | 144,000USD | — | 348,000USD | 348,000USD | 14,070,000USD |
| Short Long Term Debt Total | — | 46,820,000USD | 43,457,000USD | 39,790,000USD | 39,979,000USD | 38,453,000USD | 38,377,000USD | 54,629,000USD |
| Property Plant Equipment Gross | — | 46,059,000USD | 40,222,000USD | 37,765,000USD | 36,540,000USD | 35,899,000USD | 36,401,000USD | 35,781,000USD |
| Common Stock Shares Outstanding | — | 367,473,219shares | 352,932,400shares | 342,204,831shares | 294,398,419shares | 286,420,374shares | 232,997,043shares | 201,585,533shares |
| Non Current Assets Total | — | 592,706,000USD | 19,581,000USD | 17,681,000USD | 15,062,000USD | 14,735,000USD | 14,813,000USD | 14,481,000USD |
| Non Current Liabilities Total | — | 47,207,000USD | 42,435,000USD | 179,754,000USD | 130,074,000USD | 103,212,000USD | 107,062,000USD | 40,647,000USD |
| Non Currrent Assets Other | — | 5,210,000USD | 1,916,000USD | 1,154,000USD | 483,000USD | 547,000USD | 355,000USD | 415,000USD |
| Net Working Capital | — | 578,753,000USD | 875,084,000USD | 832,627,000USD | 809,266,000USD | 295,866,000USD | 154,895,000USD | 9,251,000USD |
| Unclassified Non Current Liabilities | — | 11,784,000USD | 6,610,000USD | 147,700,000USD | 98,013,000USD | 72,845,000USD | 76,934,000USD | 8,634,000USD |
| Unclassified Equity | — | 2,133,693,000USD | 1,843,183,000USD | 1,619,288,000USD | 1,503,103,000USD | 849,704,000USD | 700,042,000USD | 534,507,000USD |
| Unclassified Current Liabilities | — | — | — | — | — | — | — | -14,070,000USD |
| Source | DisclosureDeterministicFinal | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Balance sheet Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD |
|---|---|---|---|---|---|---|
| Total Assets | 915,813,000USD | 199,853,000USD | 59,356,000USD | 26,947,000USD | 29,468,000USD | 47,461,000USD |
| Intangible Assets | 915,000USD | 490,000USD | 179,000USD | 244,000USD | 272,000USD | 148,000USD |
| Other Current Assets | 4,295,000USD | 3,615,000USD | 2,009,000USD | 3,585,000USD | 2,349,000USD | 1,243,000USD |
| Total Liab | 63,583,000USD | 137,207,000USD | 83,837,000USD | 56,410,000USD | 47,824,000USD | 14,732,000USD |
| Total Stockholder Equity | 852,230,000USD | 62,646,000USD | -24,481,000USD | -29,463,000USD | -18,356,000USD | 32,729,000USD |
| Other Current Liab | 15,838,000USD | 8,784,000USD | 5,343,000USD | 6,642,000USD | 3,534,000USD | 3,183,000USD |
| Common Stock | 35,000USD | 27,000USD | 16,000USD | 11,000USD | 2,610,000USD | 2,492,000USD |
| Capital Stock | 35,000USD | 27,000USD | 16,000USD | 11,000USD | 192,491,000USD | 192,373,000USD |
| Retained Earnings | -982,002,000USD | -626,940,000USD | -483,061,000USD | -400,346,000USD | -346,644,000USD | -293,723,000USD |
| Cash | 635,347,000USD | 177,980,000USD | 41,307,000USD | 7,065,000USD | 9,483,000USD | 21,335,000USD |
| Cash And Short Term Investments | 884,481,000USD | 177,980,000USD | 41,307,000USD | 7,065,000USD | 9,483,000USD | 21,335,000USD |
| Total Current Assets | 896,232,000USD | 185,040,000USD | 47,046,000USD | 13,925,000USD | 16,016,000USD | 41,284,000USD |
| Total Current Liabilities | 21,148,000USD | 30,145,000USD | 11,250,000USD | 16,040,000USD | 10,448,000USD | 11,971,000USD |
| Current Deferred Revenue | 2,778,000USD | 18,686,000USD | 2,669,000USD | 1,826,000USD | 2,686,000USD | 4,713,000USD |
| Net Debt | -591,890,000USD | -139,603,000USD | 31,344,000USD | 35,220,000USD | 29,940,000USD | -16,675,000USD |
| Short Term Debt | 1,582,000USD | 1,860,000USD | 1,773,000USD | 3,816,000USD | 2,119,000USD | 1,899,000USD |
| Short Long Term Debt | 134,000USD | 348,000USD | 399,000USD | 2,091,000USD | 259,000USD | 355,000USD |
| Short Long Term Debt Total | 43,457,000USD | 38,377,000USD | 72,651,000USD | 42,285,000USD | 39,423,000USD | 4,660,000USD |
| Long Term Debt | 35,825,000USD | 30,128,000USD | 63,850,000USD | 8,069,000USD | 12,233,000USD | 1,321,000USD |
| Long Term Investments | 2,391,000USD | 2,574,000USD | 1,168,000USD | 1,168,000USD | 1,169,000USD | 5,000USD |
| Short Term Investments | 249,134,000USD | 0USD | — | — | — | — |
| Net Receivables | 4,680,000USD | 1,759,000USD | 1,652,000USD | 1,079,000USD | 2,070,000USD | 16,185,000USD |
| Inventory | 2,776,000USD | 1,686,000USD | 2,078,000USD | 2,196,000USD | 2,114,000USD | 2,521,000USD |
| Accounts Payable | 950,000USD | 815,000USD | 1,465,000USD | 3,756,000USD | 2,109,000USD | 2,176,000USD |
| Property Plant Equipment Net | 14,359,000USD | 11,394,000USD | 10,774,000USD | 11,427,000USD | 11,827,000USD | 5,842,000USD |
| Property Plant Equipment Gross | 40,222,000USD | 36,401,000USD | 34,827,000USD | 2,294,000USD | 33,628,000USD | 26,210,000USD |
| Accumulated Other Comprehensive Income | -9,021,000USD | -10,510,000USD | -10,517,000USD | -10,402,000USD | -10,443,000USD | -10,458,000USD |
| Common Stock Shares Outstanding | 321,202,025shares | 192,129,000shares | 137,993,736shares | 119,647,777shares | 125,342,746shares | 109,744,634shares |
| Non Current Assets Total | 19,581,000USD | 14,813,000USD | 12,310,000USD | 13,022,000USD | 13,452,000USD | 6,177,000USD |
| Non Current Liabilities Total | 42,435,000USD | 107,062,000USD | 72,587,000USD | 40,370,000USD | 37,376,000USD | 2,761,000USD |
| Non Currrent Assets Other | 1,916,000USD | 355,000USD | 189,000USD | 183,000USD | 184,000USD | 182,000USD |
| Net Working Capital | 875,084,000USD | 154,895,000USD | 35,796,000USD | -1,923,000USD | 8,863,000USD | 29,313,000USD |
| Unclassified Non Current Liabilities | 6,610,000USD | 76,934,000USD | 8,737,000USD | 28,508,000USD | 25,053,000USD | 1,440,000USD |
| Unclassified Equity | 1,843,183,000USD | 700,042,000USD | 469,065,000USD | 381,263,000USD | 143,630,000USD | 142,045,000USD |
| Other Liab | — | — | — | 1,901,000USD | 72,000USD | — |
| Other Assets | — | — | — | 1,351,000USD | 184,000USD | 182,000USD |
| Non Current Liabilities Other | — | — | — | 1,892,000USD | 18,000USD | — |
| Net Tangible Assets | — | — | — | -5,914,000USD | -187,133,000USD | -157,300,000USD |
| Unclassified Non Current Assets | — | — | — | -1,351,000USD | — | — |
| Unclassified Current Liabilities | — | — | — | -2,091,000USD | — | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow YTD
| Metric | Q2 20262026-06-30 · USD |
|---|---|
| Depreciation | 8,536,000USD |
| Stock Based Compensation | 19,132,000USD |
| Change To Account Receivables | -432,000USD |
| Change To Inventory | -2,605,000USD |
| Change To Liabilities | -4,371,000USD |
| Change In Working Capital | -6,626,000USD |
| Operating Cash Flow | -73,463,000USD |
| Capital Expenditures | -5,521,000USD |
| Net Investments | -1,876,000USD |
| Other Investing Activities | -252,821,000USD |
| Unclassified Investing Cash Flow | -363,000USD |
| Investing Cash Flow | -260,581,000USD |
| Net Common Stock Issuance | -6,885,000USD |
| Unclassified Financing Cash Flow | 2,066,000USD |
| Financing Cash Flow | -4,819,000USD |
| Effect Of Forex Changes On Cash | 158,000USD |
| Change In Cash | -338,705,000USD |
| End Cash Flow | 296,642,000USD |
| Source | DisclosureDeterministicFinal |
Cash flow Quarterly
| Metric | Q1 20262026-03-31 · USD | Q4 20252025-12-31 · USD | Q3 20252025-09-30 · USD | Q2 20252025-06-30 · USD | Q1 20252025-03-31 · USD | Q4 20242024-12-31 · USD | Q3 20242024-09-30 · USD | Q2 20242024-06-30 · USD |
|---|---|---|---|---|---|---|---|---|
| Net Income | -18,357,000USD | -42,326,000USD | -139,986,000USD | -167,329,000USD | -5,421,000USD | -86,077,000USD | -22,712,000USD | -17,778,000USD |
| Depreciation | 3,803,000USD | 678,000USD | 568,000USD | 507,000USD | 553,000USD | 574,000USD | 450,000USD | 480,000USD |
| Stock Based Compensation | 8,019,000USD | 5,538,000USD | 6,455,000USD | 6,671,000USD | 3,993,000USD | 3,877,000USD | 4,054,000USD | 4,221,000USD |
| Other Non Cash Items | 108,000USD | 32,034,000USD | 99,622,000USD | 144,150,000USD | -3,393,000USD | 65,731,000USD | -1,917,000USD | -925,000USD |
| Change To Account Receivables | -7,320,000USD | 335,000USD | -482,000USD | -417,000USD | 360,000USD | 15,000USD | 113,000USD | 51,000USD |
| Change To Inventory | -1,476,000USD | -968,000USD | -668,000USD | -746,000USD | -16,000USD | 83,000USD | -151,000USD | -128,000USD |
| Change In Working Capital | -10,168,000USD | -14,296,000USD | 14,296,000USD | 715,000USD | -15,011,000USD | 17,912,000USD | 2,052,000USD | -466,000USD |
| Total Cash From Operating Activities | -44,960,000USD | -18,372,000USD | -19,045,000USD | -15,286,000USD | -19,279,000USD | 2,017,000USD | -18,073,000USD | -14,468,000USD |
| Capital Expenditures | -1,081,000USD | -1,659,000USD | -1,016,000USD | -749,000USD | -438,000USD | -963,000USD | -306,000USD | -604,000USD |
| Free Cash Flow | -46,041,000USD | -20,031,000USD | -20,061,000USD | -16,035,000USD | -19,717,000USD | 1,054,000USD | -18,442,000USD | -15,072,000USD |
| Total Cashflows From Investing Activities | -252,065,000USD | -249,568,000USD | -1,210,000USD | 141,000USD | -498,000USD | -963,000USD | -369,000USD | -604,000USD |
| Net Borrowings | -34,000USD | 0USD | 412,000USD | -365,000USD | 0USD | -13,597,000USD | -16,403,000USD | — |
| Total Cash From Financing Activities | -143,000USD | 67,105,000USD | 37,075,000USD | 529,349,000USD | 145,620,000USD | 147,563,000USD | 7,006,000USD | 28,607,000USD |
| Sale Purchase Of Stock | -203,000USD | -37,787,000USD | — | 37,787,000USD | — | — | 32,187,000USD | -617,000USD |
| Issuance Of Capital Stock | 0USD | 0USD | -99,319,000USD | 527,739,000USD | 146,108,000USD | 161,316,000USD | 23,487,000USD | 29,380,000USD |
| Change In Cash | -297,150,000USD | -200,884,000USD | 16,919,000USD | 514,991,000USD | 126,341,000USD | 148,706,000USD | -11,587,000USD | 13,557,000USD |
| Begin Period Cash Flow | 635,347,000USD | 836,231,000USD | 819,312,000USD | 304,321,000USD | 177,980,000USD | 29,274,000USD | 40,861,000USD | 27,304,000USD |
| End Period Cash Flow | 338,197,000USD | 635,347,000USD | 836,231,000USD | 819,312,000USD | 304,321,000USD | 177,980,000USD | 29,274,000USD | 40,861,000USD |
| Other Cashflows From Investing Activities | -163,000USD | -122,000USD | -194,000USD | 890,000USD | -60,000USD | -13,000USD | -63,000USD | -59,000USD |
| Other Cashflows From Financing Activities | -143,000USD | -273,000USD | -4,570,000USD | 1,975,000USD | -488,000USD | -156,000USD | -78,000USD | -411,000USD |
| Unclassified Operating Cash Flow | -28,365,000USD | — | — | — | — | — | — | — |
| Unclassified Investing Cash Flow | -250,821,000USD | — | 1,210,000USD | — | — | — | — | — |
| Investments | — | -247,787,000USD | -1,210,000USD | 141,000USD | -498,000USD | -963,000USD | -369,000USD | -604,000USD |
| Unclassified Financing Cash Flow | — | 105,165,000USD | 140,552,000USD | 489,952,000USD | — | — | -8,700,000USD | 29,635,000USD |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Cash flow Yearly
| Metric | FY 20252025-12-31 · USD | FY 20242024-12-31 · USD | FY 20232023-12-31 · USD | FY 20222022-12-31 · USD | FY 20212021-12-31 · USD | FY 20202020-12-31 · USD |
|---|---|---|---|---|---|---|
| Net Income | -355,062,000USD | -143,879,000USD | -82,715,000USD | -53,702,000USD | -40,973,000USD | -21,967,000USD |
| Depreciation | 2,306,000USD | 1,932,000USD | 1,845,000USD | 2,333,000USD | 2,602,000USD | 2,726,000USD |
| Stock Based Compensation | 22,657,000USD | 15,661,000USD | 21,919,000USD | 9,164,000USD | 1,739,000USD | 2,989,000USD |
| Other Non Cash Items | 272,413,000USD | 62,781,000USD | 1,000,000USD | -6,043,000USD | 3,017,000USD | -5,945,000USD |
| Change To Account Receivables | -204,000USD | 137,000USD | -554,000USD | 995,000USD | 2,399,000USD | -1,051,000USD |
| Change To Inventory | -2,398,000USD | -215,000USD | -237,000USD | -148,000USD | 182,000USD | -652,000USD |
| Change In Working Capital | -14,296,000USD | 20,862,000USD | -2,698,000USD | 3,022,000USD | -1,185,000USD | -7,090,000USD |
| Total Cash From Operating Activities | -71,982,000USD | -42,643,000USD | -60,649,000USD | -45,226,000USD | -34,800,000USD | -29,287,000USD |
| Capital Expenditures | -3,862,000USD | -2,106,000USD | -630,000USD | -498,000USD | -1,999,000USD | -789,000USD |
| Free Cash Flow | -75,844,000USD | -44,749,000USD | -61,279,000USD | -45,724,000USD | -36,799,000USD | -30,076,000USD |
| Investments | -247,787,000USD | -3,141,000USD | -358,000USD | -498,000USD | -1,999,000USD | -789,000USD |
| Total Cashflows From Investing Activities | -251,135,000USD | -3,141,000USD | -630,000USD | -498,000USD | -1,999,000USD | -789,000USD |
| Net Borrowings | 47,000USD | -30,370,000USD | 26,748,000USD | -3,319,000USD | 24,828,000USD | 24,828,000USD |
| Total Cash From Financing Activities | 779,149,000USD | 182,450,000USD | 95,636,000USD | 43,265,000USD | 24,913,000USD | 43,144,000USD |
| Sale Purchase Of Stock | 37,787,000USD | 44,285,000USD | -416,000USD | 42,001,000USD | — | — |
| Issuance Of Capital Stock | 574,528,000USD | 214,191,000USD | 273,000USD | 40,000,000USD | 85,000USD | 43,684,000USD |
| Change In Cash | 457,367,000USD | 136,673,000USD | 34,242,000USD | -2,418,000USD | -11,852,000USD | 13,055,000USD |
| Begin Period Cash Flow | 177,980,000USD | 41,307,000USD | 7,065,000USD | 9,483,000USD | 21,335,000USD | 8,280,000USD |
| End Period Cash Flow | 635,347,000USD | 177,980,000USD | 41,307,000USD | 7,065,000USD | 9,483,000USD | 21,335,000USD |
| Other Cashflows From Investing Activities | 514,000USD | -289,000USD | -47,000USD | -75,000USD | -225,000USD | -53,000USD |
| Other Cashflows From Financing Activities | -10,550,000USD | -1,371,000USD | 5,212,000USD | 5,174,000USD | 25,147,000USD | 43,144,000USD |
| Unclassified Financing Cash Flow | 751,865,000USD | 169,906,000USD | 64,583,000USD | — | -25,147,000USD | -68,512,000USD |
| Unclassified Investing Cash Flow | — | 2,395,000USD | — | — | 2,224,000USD | — |
| Dividends Paid | — | — | -491,000USD | 0USD | 0USD | 0USD |
| Change To Liabilities | — | — | — | 4,312,000USD | -2,281,000USD | 944,000USD |
| Cash And Cash Equivalents Changes | — | — | — | -2,459,000USD | — | — |
| Source | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy | Legacy providerLegacy |
Operating metrics
No operating metrics are currently published for this company.
Revenue breakdown
| Period | Dimension | Business / region | Revenue | Currency | Source |
|---|---|---|---|---|---|
| Q2 2026Quarterly · 2026-06-30 | Geography | Canada | 130,000 | USD | Disclosure |
| Q2 2026Quarterly · 2026-06-30 | Geography | Germany | 127,000 | USD | Disclosure |
| Q2 2026Quarterly · 2026-06-30 | Geography | Japan | 137,000 | USD | Disclosure |
| Q2 2026Quarterly · 2026-06-30 | Geography | Other Geographical Areas | 507,000 | USD | Disclosure |
| Q2 2026Quarterly · 2026-06-30 | Geography | United States | 2,175,000 | USD | Disclosure |
| Q2 2026Quarterly · 2026-06-30 | Product | Product And Service Other | 32,000 | USD | Disclosure |
| Q2 2026Quarterly · 2026-06-30 | Product | Professional Services | 929,000 | USD | Disclosure |
| Q2 2026Quarterly · 2026-06-30 | Product | QCaa S | 1,860,000 | USD | Disclosure |
| Q2 2026Quarterly · 2026-06-30 | Product | System Sales | 255,000 | USD | Disclosure |
| Q1 2026Quarterly · 2026-03-31 | Geography | Canada | 141,000 | USD | 0001907982-26-000059 |
| Q1 2026Quarterly · 2026-03-31 | Geography | Germany | 175,000 | USD | 0001907982-26-000059 |
| Q1 2026Quarterly · 2026-03-31 | Geography | Japan | 382,000 | USD | 0001907982-26-000059 |
| Q1 2026Quarterly · 2026-03-31 | Geography | Other Geographical Areas | 470,000 | USD | 0001907982-26-000059 |
| Q1 2026Quarterly · 2026-03-31 | Geography | United States | 1,690,000 | USD | 0001907982-26-000059 |
| Q1 2026Quarterly · 2026-03-31 | Product | Product And Service Other | 30,000 | USD | 0001907982-26-000059 |
| Q1 2026Quarterly · 2026-03-31 | Product | Professional Services | 983,000 | USD | 0001907982-26-000059 |
| Q1 2026Quarterly · 2026-03-31 | Product | QCaa S | 1,759,000 | USD | 0001907982-26-000059 |
| Q1 2026Quarterly · 2026-03-31 | Product | System Sales | 86,000 | USD | 0001907982-26-000059 |
| FY 2025Yearly · 2025-12-31 | Geography | Canada | 878,000 | USD | 0001907982-26-000026 |
| FY 2025Yearly · 2025-12-31 | Geography | CH | 960,000 | USD | 0001907982-26-000026 |
| FY 2025Yearly · 2025-12-31 | Geography | Germany | 16,765,000 | USD | 0001907982-26-000026 |
| FY 2025Yearly · 2025-12-31 | Geography | Japan | 1,316,000 | USD | 0001907982-26-000026 |
| FY 2025Yearly · 2025-12-31 | Geography | Other Geographical Areas | 2,014,000 | USD | 0001907982-26-000026 |
| FY 2025Yearly · 2025-12-31 | Geography | United States | 2,654,000 | USD | 0001907982-26-000026 |
| Q3 2025Quarterly · 2025-09-30 | Geography | Canada | 192,000 | USD | 0001907982-25-000251 |
| Q3 2025Quarterly · 2025-09-30 | Geography | Germany | 1,972,000 | USD | 0001907982-25-000251 |
| Q3 2025Quarterly · 2025-09-30 | Geography | Japan | 266,000 | USD | 0001907982-25-000251 |
| Q3 2025Quarterly · 2025-09-30 | Geography | Other Geographical Areas | 594,000 | USD | 0001907982-25-000251 |
| Q3 2025Quarterly · 2025-09-30 | Geography | United States | 715,000 | USD | 0001907982-25-000251 |
| Q3 2025Quarterly · 2025-09-30 | Product | Product And Service Other | 73,000 | USD | 0001907982-25-000251 |
| Q3 2025Quarterly · 2025-09-30 | Product | Professional Services | 476,000 | USD | 0001907982-25-000251 |
| Q3 2025Quarterly · 2025-09-30 | Product | QCaa S | 1,384,000 | USD | 0001907982-25-000251 |
| Q3 2025Quarterly · 2025-09-30 | Product | System Sales | 1,800,000 | USD | 0001907982-25-000251 |
| Q2 2025Quarterly · 2025-06-30 | Geography | Canada | 268,000 | USD | 0001907982-25-000181 |
| Q2 2025Quarterly · 2025-06-30 | Geography | CH | 331,000 | USD | 0001907982-25-000181 |
| Q2 2025Quarterly · 2025-06-30 | Geography | Germany | 1,186,000 | USD | 0001907982-25-000181 |
| Q2 2025Quarterly · 2025-06-30 | Geography | Japan | 156,000 | USD | 0001907982-25-000181 |
| Q2 2025Quarterly · 2025-06-30 | Geography | Other Geographical Areas | 382,000 | USD | 0001907982-25-000181 |
| Q2 2025Quarterly · 2025-06-30 | Geography | United Kingdom | 62,000 | USD | 0001907982-25-000181 |
| Q2 2025Quarterly · 2025-06-30 | Geography | United States | 710,000 | USD | 0001907982-25-000181 |
| Q2 2025Quarterly · 2025-06-30 | Product | Product And Service Other | 44,000 | USD | 0001907982-25-000181 |
| Q2 2025Quarterly · 2025-06-30 | Product | Professional Services | 785,000 | USD | 0001907982-25-000181 |
| Q2 2025Quarterly · 2025-06-30 | Product | QCaa S | 1,241,000 | USD | 0001907982-25-000181 |
| Q2 2025Quarterly · 2025-06-30 | Product | System Sales | 1,025,000 | USD | 0001907982-25-000181 |
| Q1 2025Quarterly · 2025-03-31 | Geography | Canada | 304,000 | USD | 0001907982-26-000059 |
| Q1 2025Quarterly · 2025-03-31 | Geography | Germany | 12,804,000 | USD | 0001907982-26-000059 |
| Q1 2025Quarterly · 2025-03-31 | Geography | Japan | 482,000 | USD | 0001907982-26-000059 |
| Q1 2025Quarterly · 2025-03-31 | Geography | Other Geographical Areas | 915,000 | USD | 0001907982-26-000059 |
| Q1 2025Quarterly · 2025-03-31 | Geography | United States | 497,000 | USD | 0001907982-26-000059 |
| Q1 2025Quarterly · 2025-03-31 | Product | Product And Service Other | 44,000 | USD | 0001907982-26-000059 |
| Q1 2025Quarterly · 2025-03-31 | Product | Professional Services | 777,000 | USD | 0001907982-26-000059 |
| Q1 2025Quarterly · 2025-03-31 | Product | QCaa S | 1,533,000 | USD | 0001907982-26-000059 |
| Q1 2025Quarterly · 2025-03-31 | Product | System Sales | 12,647,000 | USD | 0001907982-26-000059 |
| Q4 2024Quarterly · 2024-12-31 | Geography | Canada | 326,000 | USD | Legacy provider |
| Q4 2024Quarterly · 2024-12-31 | Geography | Germany | 196,000 | USD | Legacy provider |
| Q4 2024Quarterly · 2024-12-31 | Geography | Japan | 509,000 | USD | Legacy provider |
| Q4 2024Quarterly · 2024-12-31 | Geography | Other Geographical Areas | 761,000 | USD | Legacy provider |
| Q4 2024Quarterly · 2024-12-31 | Geography | United States | 517,000 | USD | Legacy provider |
| Q4 2024Quarterly · 2024-12-31 | Product | Product And Service Other | 0 | USD | Legacy provider |
| Q4 2024Quarterly · 2024-12-31 | Product | Professional Services | 686,000 | USD | Legacy provider |
| Q4 2024Quarterly · 2024-12-31 | Product | QCaa S | 1,675,000 | USD | Legacy provider |
| Q4 2024Quarterly · 2024-12-31 | Product | System Sales | 0 | USD | Legacy provider |
| FY 2024Yearly · 2024-12-31 | Geography | Canada | 1,101,000 | USD | 0001907982-26-000026 |
| FY 2024Yearly · 2024-12-31 | Geography | CH | 778,000 | USD | 0001907982-26-000026 |
| FY 2024Yearly · 2024-12-31 | Geography | Germany | 1,894,000 | USD | 0001907982-26-000026 |
| FY 2024Yearly · 2024-12-31 | Geography | Japan | 1,133,000 | USD | 0001907982-26-000026 |
| FY 2024Yearly · 2024-12-31 | Geography | Other Geographical Areas | 1,770,000 | USD | 0001907982-26-000026 |
| FY 2024Yearly · 2024-12-31 | Geography | United States | 2,151,000 | USD | 0001907982-26-000026 |
| FY 2024Yearly · 2024-12-31 | Product | Product And Service Other | 144,000 | USD | 0001907982-26-000026 |
| FY 2024Yearly · 2024-12-31 | Product | Professional Services | 1,938,000 | USD | 0001907982-26-000026 |
| FY 2024Yearly · 2024-12-31 | Product | QCaa S | 6,745,000 | USD | 0001907982-26-000026 |
| FY 2024Yearly · 2024-12-31 | Product | System Sales | 0 | USD | 0001907982-26-000026 |
| Q3 2024Quarterly · 2024-09-30 | Geography | Canada | 230,000 | USD | 0001907982-24-000161 |
| Q3 2024Quarterly · 2024-09-30 | Geography | CH | 197,000 | USD | 0001907982-24-000161 |
| Q3 2024Quarterly · 2024-09-30 | Geography | Germany | 483,000 | USD | 0001907982-24-000161 |
| Q3 2024Quarterly · 2024-09-30 | Geography | Japan | 175,000 | USD | 0001907982-24-000161 |
| Q3 2024Quarterly · 2024-09-30 | Geography | Other Geographical Areas | 301,000 | USD | 0001907982-24-000161 |
| Q3 2024Quarterly · 2024-09-30 | Geography | United States | 484,000 | USD | 0001907982-24-000161 |
| Q3 2024Quarterly · 2024-09-30 | Product | Product And Service Other | 0 | USD | 0001907982-25-000251 |
| Q3 2024Quarterly · 2024-09-30 | Product | Professional Services | 271,000 | USD | 0001907982-25-000251 |
| Q3 2024Quarterly · 2024-09-30 | Product | QCaa S | 1,599,000 | USD | 0001907982-25-000251 |
| Q3 2024Quarterly · 2024-09-30 | Product | System Sales | 0 | USD | 0001907982-25-000251 |
| Q2 2024Quarterly · 2024-06-30 | Geography | Canada | 350,000 | USD | 0001907982-25-000181 |
| Q2 2024Quarterly · 2024-06-30 | Geography | CH | 129,000 | USD | 0001907982-25-000181 |
| Q2 2024Quarterly · 2024-06-30 | Geography | Germany | 492,000 | USD | 0001907982-25-000181 |
| Q2 2024Quarterly · 2024-06-30 | Geography | Japan | 124,000 | USD | 0001907982-25-000181 |
| Q2 2024Quarterly · 2024-06-30 | Geography | Other Geographical Areas | 381,000 | USD | 0001907982-25-000181 |
| Q2 2024Quarterly · 2024-06-30 | Geography | United Kingdom | 69,000 | USD | 0001907982-25-000181 |
| Q2 2024Quarterly · 2024-06-30 | Geography | United States | 638,000 | USD | 0001907982-25-000181 |
| Q2 2024Quarterly · 2024-06-30 | Product | Product And Service Other | 62,000 | USD | 0001907982-25-000181 |
| Q2 2024Quarterly · 2024-06-30 | Product | Professional Services | 342,000 | USD | 0001907982-25-000181 |
| Q2 2024Quarterly · 2024-06-30 | Product | QCaa S | 1,779,000 | USD | 0001907982-25-000181 |
| Q2 2024Quarterly · 2024-06-30 | Product | System Sales | 0 | USD | 0001907982-25-000181 |
| FY 2023Yearly · 2023-12-31 | Geography | Canada | 432,000 | USD | 0001907982-25-000060 |
| FY 2023Yearly · 2023-12-31 | Geography | Germany | 1,268,000 | USD | 0001907982-25-000060 |
| FY 2023Yearly · 2023-12-31 | Geography | Japan | 909,000 | USD | 0001907982-25-000060 |
| FY 2023Yearly · 2023-12-31 | Geography | Other Geographical Areas | 2,824,000 | USD | 0001907982-25-000060 |
| FY 2023Yearly · 2023-12-31 | Geography | United States | 3,325,000 | USD | 0001907982-25-000060 |
| FY 2023Yearly · 2023-12-31 | Product | Product And Service Other | 47,000 | USD | 0001907982-25-000060 |
| FY 2023Yearly · 2023-12-31 | Product | Professional Services | 3,816,000 | USD | 0001907982-25-000060 |
Periods follow company fiscal calendars. Quarterly, annual and year-to-date amounts are shown separately. Missing values are not zero. Data may be delayed, incomplete or corrected; follow the disclosure links to verify figures.