D-Wave Quantum Inc. (QBTS)

Every figure below is the company's own, as filed. Nothing is estimated and nothing is smoothed — a period the filing does not support is left blank rather than drawn. Quarters are the company's own, counted from its financial year ending 12-31. Amounts in USD.

Revenue Quarterly

0 6M 12M 18M Q3 '21: 1.3M Q4 '21: 2.4M Q1 '22: 1.7M Q2 '22: 1.4M Q3 '22: 1.7M Q4 '22: 2.4M Q1 '23: 1.6M Q2 '23: 1.7M Q3 '23: 2.6M Q4 '23: 2.9M Q1 '24: 2.5M Q2 '24: 2.2M Q3 '24: 1.9M Q4 '24: 2.3M Q1 '25: 15M Q2 '25: 3.1M Q3 '25: 3.7M Q4 '25: 2.8M Q1 '26: 2.9M Q2 '26: 3.1M Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26

Gross Profit Quarterly

0 5M 10M 15M Q3 '21: 1M Q4 '21: 1.5M Q1 '22: 1.1M Q2 '22: 751K Q3 '22: 1M Q4 '22: 1.3M Q1 '23: 421K Q2 '23: 705K Q3 '23: 1.5M Q4 '23: 2M Q1 '24: 1.7M Q2 '24: 1.4M Q3 '24: 1M Q4 '24: 1.5M Q1 '25: 13.9M Q2 '25: 2M Q3 '25: 2.7M Q4 '25: 1.8M Q1 '26: 1.8M Q2 '26: 1.7M Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26

Operating Income Quarterly

-60M -40M -20M 0 20M 40M 60M Q3 '21: -9.8M Q4 '21: -10.9M Q1 '22: -11M Q2 '22: -12.4M Q3 '22: -15.2M Q4 '22: -21M Q1 '23: -24.7M Q2 '23: -20.9M Q3 '23: -18.4M Q4 '23: -16.5M Q1 '24: -17.5M Q2 '24: -18.8M Q3 '24: -20.6M Q4 '24: -20.2M Q1 '25: -11.3M Q2 '25: -26.5M Q3 '25: -27.7M Q4 '25: -34.8M Q1 '26: -54.7M Q2 '26: -53.3M Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26

Net Income Quarterly

-180M -120M -60M 0 60M 120M 180M Q3 '21: -4.2M Q4 '21: -23.3M Q1 '22: -11.6M Q2 '22: -12.3M Q3 '22: -11.7M Q4 '22: -17.8M Q1 '23: -24.4M Q2 '23: -26.2M Q3 '23: -16.1M Q4 '23: -16M Q1 '24: -17.3M Q2 '24: -17.8M Q3 '24: -22.7M Q4 '24: -86.1M Q1 '25: -5.4M Q2 '25: -167.3M Q3 '25: -140M Q4 '25: -42.3M Q1 '26: -18.4M Q2 '26: -48M Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26

Cost of Revenue Quarterly

0 500K 1M 1.5M Q3 '21: 307K Q4 '21: 877K Q1 '22: 616K Q2 '22: 620K Q3 '22: 654K Q4 '22: 1.1M Q1 '23: 1.2M Q2 '23: 1M Q3 '23: 1M Q4 '23: 939K Q1 '24: 806K Q2 '24: 795K Q3 '24: 827K Q4 '24: 836K Q1 '25: 1.1M Q2 '25: 1.1M Q3 '25: 1.1M Q4 '25: 968K Q1 '26: 1M Q2 '26: 1.4M Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26

Operating Cash Flow Quarterly

-60M -40M -20M 0 20M 40M 60M Q3 '21: -7.3M Q4 '21: -7.2M Q1 '22: -9.5M Q2 '22: -12M Q3 '22: -12.8M Q4 '22: -10.9M Q1 '23: -13.6M Q2 '23: -15.5M Q3 '23: -16.9M Q4 '23: -14.7M Q1 '24: -12.1M Q2 '24: -14.5M Q3 '24: -18.1M Q4 '24: 2M Q1 '25: -19.3M Q2 '25: -15.3M Q3 '25: -19M Q4 '25: -18.4M Q1 '26: -45M Q2 '26: -28.5M Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26

Free Cash Flow Quarterly

-60M -40M -20M 0 20M 40M 60M Q3 '21: -7.8M Q4 '21: -7.5M Q1 '22: -9.6M Q2 '22: -12M Q3 '22: -12.9M Q4 '22: -11.1M Q1 '23: -13.6M Q2 '23: -15.5M Q3 '23: -16.9M Q4 '23: -15.2M Q1 '24: -12.4M Q2 '24: -15M Q3 '24: -18.4M Q4 '24: 1.1M Q1 '25: -19.7M Q2 '25: -16M Q3 '25: -20.1M Q4 '25: -20M Q1 '26: -46M Q2 '26: -32.9M Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26

Operating cash flow minus capital expenditure.

Shares Outstanding Quarterly

0 150M 300M 450M Q2 '21: 111.9M Q3 '21: 125.4M Q1 '22: 125.4M Q2 '22: 125.5M Q3 '22: 116.3M Q1 '23: 123.1M Q2 '23: 127.3M Q3 '23: 133.2M Q1 '24: 161.3M Q2 '24: 172.1M Q3 '24: 201.6M Q1 '25: 286.4M Q2 '25: 302.3M Q3 '25: 342.2M Q1 '26: 367.5M Q2 '26: 370.8M Q3 '21 Q2 '22 Q1 '23 Q3 '23 Q2 '24 Q1 '25 Q3 '25 Q2 '26

Weighted average diluted, as the filer reports it for each period. An average cannot be added across periods, so this one is always shown per period the filer tagged rather than as a trailing year.

EPS TTM

-1.50 -1.00 -0.50 0.00 0.50 1.00 1.50 Q4 '21: -0.33 Q1 '22: -0.35 Q2 '22: -0.41 Q3 '22: -0.48 Q4 '22: -0.45 Q1 '23: -0.56 Q2 '23: -0.67 Q3 '23: -0.69 Q4 '23: -0.62 Q1 '24: -0.53 Q2 '24: -0.42 Q3 '24: -0.41 Q4 '24: -0.75 Q1 '25: -0.66 Q2 '25: -1.11 Q3 '25: -1.41 Q4 '25: -1.08 Q1 '26: -1.11 Q2 '26: -0.69 Q4 '21 Q3 '22 Q2 '23 Q1 '24 Q4 '24 Q3 '25 Q2 '26

The filer's own published earnings a share for each quarter, four quarters added up. The company page divides trailing net income by the share count instead, which lands within about 1% of this and is not the same sum, so the two are named differently rather than presented as one figure.