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D-Wave Quantum Inc.
Nasdaq: QBTS · Services-Computer Processing & Data Preparation · Palo Alto, CA
- Revenue
- $24.59M
- +178.5% vs. prior year
- Net income
- -$355.1M
- -1444.1% net margin
- Total assets
- $915.8M
- Diluted EPS
- -$1.11
Company details
As reported to the SEC
- SEC CIK
- 1907982
- Stock
- Nasdaq: QBTS
- Legal Entity Identifier (LEI)
- 5493001U37G4PRD4GW95
- Industry (SIC)
- Services-Computer Processing & Data Preparation (7374)
- Headquarters
- 2650 East Bayshore Road, Palo Alto, CA 94303
- Incorporated in
- Delaware
- Fiscal year end (SEC record)
- December 31
- Filer status
- Non-accelerated filer
- Phone
- (650) 285-2881
- Last annual report
- 02/26/2026
- Last quarterly report
- 08/06/2026
Annual financials
U.S. dollars, as tagged in each annual report's XBRL data. Later restatements replace earlier numbers. Select a date to open the filing.
| Fiscal year ended | 12/31/2025 | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 |
|---|---|---|---|---|---|
| Revenue | $24.59M | $8.83M | $8.76M | $7.17M | $6.28M |
| Gross profit | $20.31M | $5.56M | $4.62M | $4.25M | $4.53M |
| Operating income | -$100.4M | -$77.22M | -$80.55M | -$59.46M | -$38.95M |
| Net income | -$355.1M | -$143.9M | -$82.72M | -$53.7M | -$40.97M |
| Diluted earnings per share | -$1.11 | -$0.75 | -$0.60 | -$0.45 | -$0.33 |
| Research and development | $50.73M | $35.3M | $37.88M | $32.1M | $25.4M |
| Total assets | $915.8M | $199.9M | $59.36M | $26.95M | $29.47M |
| Total liabilities | $63.58M | $137.2M | $83.84M | $56.41M | $47.82M |
| Shareholders' equity | $852.2M | $62.65M | -$24.48M | -$29.46M | -$18.36M |
| Cash and cash equivalents | $635.3M | $178M | $41.31M | $7.07M | $9.48M |
| Long-term debt | $35.83M | $30.13M | $63.85M | $31.17M | $30.31M |
| Cash from operations | -$71.98M | -$42.64M | -$60.65M | -$45.23M | -$34.8M |
| Capital expenditures | $3.86M | $2.11M | $583K | $423K | $1.77M |
Federal and state records filed under the name D-Wave Quantum Inc.
Matched by the company name and by the subsidiary names it lists in SEC filings and other public records, after removing endings like Inc., Corp. and Holdings. Records marked Subsidiary were filed under a subsidiary name. A subsidiary that is not listed in those records is not included, and an unrelated business with the same name can appear.
Work visa sponsorship
Certified H-1B and PERM green card filings with the Department of Labor
| Employer on filing | H-1B | PERM |
|---|---|---|
| D-Wave Commercial Inc.Subsidiary · Palo Alto, CA | 2 | 0 |
Subsidiaries
13 companies that D-Wave Quantum Inc. owns or controls, as listed in its SEC annual report (Exhibit 21), GLEIF ownership records or USAspending
| Subsidiary | Listed in |
|---|---|
| D-Wave Commercial Inc. | SEC 10-K |
| D-Wave Government Inc. | SEC 10-K |
| D-Wave International Inc. | SEC 10-K |
| D-Wave Japan Co., Ltd. | SEC 10-K |
| D-Wave Quantum Services Europe Limited | SEC 10-K |
| D-Wave Quantum Solutions Inc. | SEC 10-K |
| D-Wave Quantum Technologies Inc. | SEC 10-K |
| D-Wave Systems Inc. | SEC 10-K |
| D-Wave UK Ltd. | SEC 10-K |
| D-Wave US Inc. | SEC 10-K |
| DPCM Capital, Inc. | SEC 10-K |
| DWSI Canada Holdings ULC | SEC 10-K |
| Quantum Circuits, LLC | SEC 10-K |
Recent filings
99 recent filings on record; insider ownership forms (3, 4, 5 and 144) are not listed here
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102 insider ownership reports (Forms 3, 4, 5 and 144) were filed about D-Wave Quantum Inc. in the last 12 months. They list trades by officers, directors and large holders; see them on SEC EDGAR.
Other services-computer processing & data preparation
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| Playtika Holding Corp.PLTK | Herzliya Pituarch, Israel | $2.76B | -$206.4M |
| RingCentral, Inc.RNG | Belmont, CA | $2.52B | $43.39M |
Profile refreshed Oct 26, 2026; financials refreshed Oct 22, 2026.
Frequently asked questions
- What is D-Wave Quantum Inc.'s CIK number?
- D-Wave Quantum Inc.'s SEC Central Index Key (CIK) is 1907982.
- What is D-Wave Quantum Inc.'s stock ticker?
- D-Wave Quantum Inc. trades as Nasdaq: QBTS.
- What was D-Wave Quantum Inc.'s revenue?
- D-Wave Quantum Inc. reported revenue of $24.59M for the fiscal year ended Dec 31, 2025, +178.5% from the year before.
- When does D-Wave Quantum Inc.'s fiscal year end?
- D-Wave Quantum Inc.'s fiscal year end on file with the SEC is December 31; its most recent fiscal year ended Dec 31, 2025.
- Where is D-Wave Quantum Inc. headquartered?
- D-Wave Quantum Inc.'s principal executive office on file with the SEC is in Palo Alto, CA.
- What companies does D-Wave Quantum Inc. own?
- D-Wave Quantum Inc. lists 13 subsidiaries in its SEC filings and other public records, including D-Wave Commercial Inc., D-Wave Government Inc., D-Wave International Inc.
- Does D-Wave Quantum Inc. sponsor H-1B visas?
- Department of Labor records show 2 certified H-1B filings and 0 certified PERM filings under the name D-Wave Quantum Inc.
Source: U.S. Securities and Exchange Commission, EDGAR submissions and XBRL company facts · Last updated 10/26/2026