D-Wave Quantum Inc.QBTS
What D-Wave Quantum Inc. does.
Unless the context requires otherwise, references in this section to “D-Wave,” “we,” “our” or “us” refer to D-Wave Quantum Inc., a Delaware corporation, and its consolidated subsidiaries following the consummation of the Transaction, and prior to the consummation of the Transaction, to D-Wave Systems Inc., a British Columbia corporation ("D-Wave Systems").
At D-Wave, our mission is to help customers realize the value of quantum computing to address complex computational problems that cannot be solved with classical computing alone. As a pioneer in the quantum industry for more than 25 years, D-Wave is the world’s first company to deliver commercial-grade annealing quantum computing systems and solutions. We are also the only dual-platform quantum computing company, providing both annealing and gate-model systems, software, and services to address customers’ full range of computational problems. We believe that we are leading the industry in ushering in the era of enterprise quantum computing. We are driving the transition from academic endeavors exploring quantum’s potential to enterprise-scale adoption and deployment, solving some of the world’s toughest problems. Based on our strategic decision to initially bring to market a type of quantum technology that is easier to scale—annealing quantum computing, we hold a first-mover advantage that no other company in the world can claim.
Revenue and profit, by fiscal year.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $5.2M | $6.3M | $7.2M | $8.8M | $8.8M | $24.6M |
| Net income | -$22.0M | -$41.0M | -$53.7M | -$82.7M | -$143.9M | -$355.1M |
| Free cash flow | -$30.0M | -$36.6M | -$45.6M | -$61.2M | -$44.7M | -$75.8M |
More on QBTS.
- D-Wave Quantum Inc. summary
- D-Wave Quantum Inc. financial statements
- D-Wave Quantum Inc. key metrics
- D-Wave Quantum Inc. health scores and style box
- D-Wave Quantum Inc. earnings
- D-Wave Quantum Inc. dividends
- D-Wave Quantum Inc. valuation
- D-Wave Quantum Inc. ownership and insiders
- D-Wave Quantum Inc. peers
Figures from D-Wave Quantum Inc.'s filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.