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10-Q

Quarterly Report

D-Wave Quantum Inc. QBTS

0001907982-26-000059

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Filed
May 12, 2026 12:00 AM ET
Period of report

On SEC.gov

Financials in this filing

Metric Period Value
Shares Outstanding Q1 2026 · May 11, 2026 366.74M sh
Shares Diluted Q1 2026 · Mar 31, 2026 367.47M sh
Shares Diluted Q1 2026 · Mar 31, 2025 286.42M sh
Capex Q1 2026 · Mar 31, 2026 $1.08M
Capex Q1 2026 · Mar 31, 2025 $438K
Operating Cash Flow Q1 2026 · Mar 31, 2026 −$44.96M
Operating Cash Flow Q1 2026 · Mar 31, 2025 −$19.28M
Long Term Debt Q1 2026 · Mar 31, 2026 $35.42M
Long Term Debt Q1 2026 · Dec 31, 2025 $35.83M
Cash And Equivalents Q1 2026 · Mar 31, 2026 $338.2M
Cash And Equivalents Q1 2026 · Dec 31, 2025 $635.35M
Stockholders Equity Q1 2026 · Mar 31, 2026 $1.12B
Stockholders Equity Q1 2026 · Dec 31, 2025 $852.23M
Stockholders Equity Q1 2026 · Mar 31, 2025 $207.39M
Stockholders Equity Q1 2026 · Dec 31, 2024 $62.65M
Current Liabilities Q1 2026 · Mar 31, 2026 $28.36M
Current Liabilities Q1 2026 · Dec 31, 2025 $21.15M
Total Liabilities Q1 2026 · Mar 31, 2026 $75.56M
Total Liabilities Q1 2026 · Dec 31, 2025 $63.58M
Current Assets Q1 2026 · Mar 31, 2026 $607.11M
Current Assets Q1 2026 · Dec 31, 2025 $896.23M
Total Assets Q1 2026 · Mar 31, 2026 $1.2B
Total Assets Q1 2026 · Dec 31, 2025 $915.81M
Eps Diluted Q1 2026 · Mar 31, 2026 −$0.05
Eps Diluted Q1 2026 · Mar 31, 2025 −$0.02
Eps Basic Q1 2026 · Mar 31, 2026 −$0.05
Eps Basic Q1 2026 · Mar 31, 2025 −$0.02
Sga Expense Q1 2026 · Mar 31, 2026 $20.28M
Sga Expense Q1 2026 · Mar 31, 2025 $7.96M
Rd Expense Q1 2026 · Mar 31, 2026 $25.79M
Rd Expense Q1 2026 · Mar 31, 2025 $10.29M
Net Income Q1 2026 · Mar 31, 2026 −$18.36M
Net Income Q1 2026 · Mar 31, 2025 −$5.42M
Operating Income Q1 2026 · Mar 31, 2026 −$54.73M
Operating Income Q1 2026 · Mar 31, 2025 −$11.29M
Gross Profit Q1 2026 · Mar 31, 2026 $1.82M
Gross Profit Q1 2026 · Mar 31, 2025 $13.88M
Cost Of Revenue Q1 2026 · Mar 31, 2026 $1.04M
Cost Of Revenue Q1 2026 · Mar 31, 2025 $1.12M
Revenue Q1 2026 · Mar 31, 2026 $2.86M
Revenue Q1 2026 · Mar 31, 2025 $15M