D-Wave Quantum Inc. (QBTS) Income Statement Analysis

See more : Mercor S.A. (MCR.WA) Income Statement Analysis – Financial Results

Complete financial analysis of D-Wave Quantum Inc. (QBTS) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of D-Wave Quantum Inc., a leading company in the Computer Hardware industry within the Technology sector.

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D-Wave Quantum Inc. (QBTS)

Industry: Computer Hardware

Sector: Technology

Website: https://www.dwavesys.com

About D-Wave Quantum Inc.

D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Launch, a quantum computing onboarding service; Ocean a full suite of open-source programming tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through in-production application deployment. The company's quantum solutions are used in artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. It serves manufacturing and logistics, financial services, life sciences, and other industries. D-Wave Quantum Inc. is based in Burnaby, Canada.

Metric	2023	2022	2021	2020
Revenue	8.76M	7.17M	6.28M	5.16M
Cost of Revenue	4.14M	2.92M	1.75M	915.00K
Gross Profit	4.62M	4.25M	4.53M	4.25M
Gross Profit Ratio	52.77%	59.25%	72.13%	82.27%
Research & Development	37.88M	32.10M	25.40M	20.41M
General & Administrative	37.01M	21.54M	11.90M	11.59M
Selling & Marketing	10.28M	10.07M	6.18M	3.71M
SG&A	47.29M	31.61M	18.08M	15.30M
Other Expenses	0.00	716.00K	-7.17M	-12.03M
Operating Expenses	85.17M	63.71M	36.31M	23.69M
Cost & Expenses	89.30M	66.63M	38.06M	24.60M
Interest Income	0.00	5.67M	1.73M	48.91K
Interest Expense	37.00K	4.63M	1.73M	5.26M
Depreciation & Amortization	1.85M	2.33M	2.60M	2.73M
EBITDA	-80.83M	-49.03M	-34.36M	-14.06M
EBITDA Ratio	-922.96%	-707.32%	-451.95%	-266.38%
Operating Income	-80.55M	-59.46M	-31.78M	-19.44M
Operating Income Ratio	-919.68%	-828.91%	-506.15%	-376.74%
Total Other Income/Expenses	-2.17M	5.76M	-2.03M	-2.53M
Income Before Tax	-82.72M	-51.53M	-31.55M	-10.02M
Income Before Tax Ratio	-944.45%	-718.37%	-502.39%	-194.17%
Income Tax Expense	0.00	-12.56M	2.53M	8.23M
Net Income	-82.72M	-38.97M	-34.07M	-18.25M
Net Income Ratio	-944.45%	-543.25%	-542.67%	-353.59%
EPS	-0.60	-0.33	-0.27	-0.49
EPS Diluted	-0.60	-0.33	-0.27	-0.49
Weighted Avg Shares Out	137.99M	119.65M	125.34M	37.50M
Weighted Avg Shares Out (Dil)	137.99M	119.65M	125.34M	37.50M

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