D-Wave Quantum (QBTS) Income Statement: Revenue & Earnings

D-Wave Quantum Income Statement Analysis

Revenue, earnings, and profit margins in millions USD

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D-Wave Quantum Inc. income statement - Annual data in millions USD
Breakdown	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Revenue & Gross Profit
Revenue	8.83	8.76	7.17	6.28	5.16
Cost of Revenue	3.26	4.14	2.92	1.75	0.92
Gross Profit	5.56	4.62	4.25	4.53	4.25
Operating Expenses
Research & Development	35.30	37.88	32.10	25.13	20.14
Selling, General & Administrative	47.49	47.29	31.61	18.34	15.57
Operating Expenses	82.79	85.17	63.71	43.48	35.71
Operating Income	-77.22	-80.55	-59.46	-38.95	-31.47
Other Income/Expense
Interest Income	0.00	0.00	5.67	0.00	0.00
Interest Expense	-3.90	0.04	-2.34	-1.73	-5.26
Other Income/Expense	-63.61	-0.01	8.09	7.37	22.23
Income
Income Before Tax	-143.88	-82.72	-53.70	-31.55	-10.02
Income Tax Expense	0.00	0.00	0.00	0.00	0.00
Net Income	-143.88	-82.72	-53.70	-31.55	-10.02
Net Income - Continuous Operations	-143.88	-82.72	-53.70	-40.97	0.00
Net Income - Discontinued Operations	0.00	0.00	0.00	0.00	0.00
EBITDA	-76.11	-80.83	-58.04	-37.41	-29.58
EBIT	-77.22	-82.68	-59.46	-38.95	-31.47
Depreciation & Amortization	1.11	1.85	1.42	1.53	1.89
Earnings Per Share
Basic EPS	-1.00	-1.00	-	-10.00	-
Diluted EPS	-1.00	-1.00	-	-10.00	-
Basic Shares Outstanding	192.13	137.99	119.65	3.17	0.00
Diluted Shares Outstanding	192.13	137.99	119.65	3.17	0.00