D-Wave Quantum Inc.
Company Stats
- Market Cap
- $6.1B
- as of Sep 30, 2026
- Shares Outstanding
- 369.3M
- Free Float
- 90.8%
Income Statement
- Revenue
- $24.6M
- Operating Income
- -$100.4M
- Net Income
- -$355.1M
- EBITDA
- -$98.8M
- Revenue Growth, 3Y
- 50.8%
- FCF Margin, 3Y Avg
- -504.9%
- FCF Margin, Worst Year
- -699.2%
Cash Flow
- Free Cash Flow
- -$75.8M
- FCF Yield
- -1.2%
- Owner FCF Yield
- -1.6%
Balance Sheet
- Cash & Equivalents
- $635.3M
Returns & Capital
- SBC, 3Y Avg
- $20.1M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $24.6M | -$75.8M | -308.5% |
| FY2024 | $8.8M | -$44.7M | -507.0% |
| FY2023 | $8.8M | -$61.2M | -699.2% |
| FY2022 | $7.2M | -$45.6M | -636.4% |
| FY2021 | $6.3M | -$36.6M | -582.5% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 6, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Earnings
Other Coverage
October 14, 2026
Theme Survey
Quantum Computing: Deals Firm Up, Roadmap Risks Persist
October 9, 2026
Industry Earnings Roundup
Aci Lifts 2026 Guidance as Software Demand Stays Positive
September 28, 2026
QBook
Stronger demand supports expansion as pricing diverges
August 4, 2026
Theme Survey
Quantum Computing: Scaling Hardware and Securing Assets
Quantum Computing: Deals Firm Up, Roadmap Risks Persist
October 9, 2026
Industry Earnings Roundup
Aci Lifts 2026 Guidance as Software Demand Stays Positive
September 28, 2026
QBook
Stronger demand supports expansion as pricing diverges
August 4, 2026
Theme Survey
Quantum Computing: Scaling Hardware and Securing Assets