QBTS FY 2025 Earnings — D-Wave Quantum Inc. Revenue & Financial Results | Market Cap Arena

QBTSD-Wave Quantum Inc.

$7B

FY 2025 Earnings

Technology Computer Hardware

Income Statement

Revenue

$25M+178.5% YoY

Gross Profit

$20M82.6% margin

Operating Income

-$100M-408.2% margin

Net Income

-$355M-1444.1% margin

EPS (Diluted)

$-1.11

Cash Flow

Operating Cash Flow

-$72M

Free Cash Flow

-$76M

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$916M

Total Liabilities

$64M

Stockholders' Equity

$852M

Cash & Equivalents

$635M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$25M	$9M	+178.5%
Gross Profit	$20M	$6M	+265.0%
Operating Income	-$100M	-$77M	-30.0%
Net Income	-$355M	-$144M	-146.8%