QBTS Q1 2025 Earnings — D-Wave Quantum Inc. Revenue & Financial Results | Market Cap Arena

QBTSD-Wave Quantum Inc.

$7B

Q1 2025 Earnings

Technology Computer Hardware

Income Statement

Revenue

$15M+508.6% YoY

Gross Profit

$14M92.5% margin

Operating Income

-$11M-75.3% margin

Net Income

-$5M-36.1% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

+549.7%

Cash Flow

Operating Cash Flow

-$19M

Free Cash Flow

-$20M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$326M

Total Liabilities

$118M

Stockholders' Equity

$207M

Cash & Equivalents

$304M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$15M	$2M	+508.6%
Gross Profit	$14M	$2M	+736.5%
Operating Income	-$11M	-$18M	+35.5%
Net Income	-$5M	-$17M	+68.7%

Revenue Segments

System Sales

$13M94%

Professional Services

$777,0006%

Product and Service, Other

$44,0000%

Geographic Segments

GERMANY

$13M85%

Other Geographical Areas

$915,0006%

UNITED STATES

$497,0003%

JAPAN

$482,0003%

CANADA

$304,0002%