QBTS Q2 2024 Earnings — D-Wave Quantum Inc. Revenue & Financial Results | Market Cap Arena

QBTSD-Wave Quantum Inc.

$7B

Q2 2024 Earnings

Technology Computer Hardware

Income Statement

Revenue

$2M+27.9% YoY

Gross Profit

$1M63.6% margin

Operating Income

-$19M-863.0% margin

Net Income

-$18M-814.4% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

-11.4%

Cash Flow

Operating Cash Flow

-$14M

Free Cash Flow

-$15M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$62M

Total Liabilities

$83M

Stockholders' Equity

-$22M

Cash & Equivalents

$41M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2M	$2M	+27.9%
Gross Profit	$1M	$705,000	+96.9%
Operating Income	-$19M	-$21M	+9.9%
Net Income	-$18M	-$26M	+32.1%

Revenue Segments

Professional Services

$342,00085%

Product and Service, Other

$62,00015%

Geographic Segments

UNITED STATES

$638,00030%

GERMANY

$492,00023%

Other Geographical Areas

$381,00018%

CANADA

$350,00017%

SWITZERLAND

$129,0006%

JAPAN

$124,0006%