QBTS Q2 2023 Earnings — D-Wave Quantum Inc. Revenue & Financial Results | Market Cap Arena

QBTSD-Wave Quantum Inc.

$7B

Q2 2023 Earnings

Technology Computer Hardware

Income Statement

Revenue

$2M+24.5% YoY

Gross Profit

$705,00041.3% margin

Operating Income

-$21M-1224.8% margin

Net Income

-$26M-1534.2% margin

EPS (Diluted)

$-0.20

QoQ Revenue Growth

+7.8%

Cash Flow

Operating Cash Flow

-$15M

Free Cash Flow

-$15M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$25M

Total Liabilities

$53M

Stockholders' Equity

-$28M

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2M	$1M	+24.5%
Gross Profit	$705,000	$751,000	-6.1%
Operating Income	-$21M	-$12M	-68.6%
Net Income	-$26M	-$12M	-113.0%

Revenue Segments

Professional Services

$655,00097%

Product and Service, Other

$20,0003%

Geographic Segments

UNITED STATES

$485,00028%

GERMANY

$284,00017%

SWITZERLAND

$274,00016%

JAPAN

$263,00015%

Other Geographical Areas

$231,00014%

UNITED KINGDOM

$170,00010%