QBTS Q3 2024 Earnings — D-Wave Quantum Inc. Revenue & Financial Results | Market Cap Arena

QBTSD-Wave Quantum Inc.

$7B

Q3 2024 Earnings

Technology Computer Hardware

Income Statement

Revenue

$2M-27.0% YoY

Gross Profit

$1M55.8% margin

Operating Income

-$21M-1103.5% margin

Net Income

-$23M-1214.5% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

-14.3%

Cash Flow

Operating Cash Flow

-$18M

Free Cash Flow

-$18M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$50M

Total Liabilities

$66M

Stockholders' Equity

-$17M

Cash & Equivalents

$29M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$2M	$3M	-27.0%
Gross Profit	$1M	$2M	-31.8%
Operating Income	-$21M	-$18M	-12.1%
Net Income	-$23M	-$16M	-41.0%

Revenue Segments

Professional Services

$271,000100%

Geographic Segments

UNITED STATES

$484,00026%

GERMANY

$483,00026%

Other Geographical Areas

$301,00016%

CANADA

$230,00012%

SWITZERLAND

$197,00011%

JAPAN

$175,0009%