QBTS Q2 2025 Earnings — D-Wave Quantum Inc. Revenue & Financial Results | Market Cap Arena

QBTSD-Wave Quantum Inc.

$7B

Q2 2025 Earnings

Technology Computer Hardware

Income Statement

Revenue

$3M+41.8% YoY

Gross Profit

$2M63.8% margin

Operating Income

-$27M-856.3% margin

Net Income

-$167M-5406.4% margin

EPS (Diluted)

$-0.57

QoQ Revenue Growth

-79.4%

Cash Flow

Operating Cash Flow

-$15M

Free Cash Flow

-$16M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$844M

Total Liabilities

$149M

Stockholders' Equity

$694M

Cash & Equivalents

$819M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3M	$2M	+41.8%
Gross Profit	$2M	$1M	+42.4%
Operating Income	-$27M	-$19M	-40.7%
Net Income	-$167M	-$18M	-841.2%

Revenue Segments

System Sales

$1M55%

Professional Services

$785,00042%

Product and Service, Other

$44,0002%

Geographic Segments

GERMANY

$1M38%

UNITED STATES

$710,00023%

Other Geographical Areas

$382,00012%

SWITZERLAND

$331,00011%

CANADA

$268,0009%

JAPAN

$156,0005%

UNITED KINGDOM

$62,0002%