D-Wave Quantum Inc.

QBTSSEC EDGAR

Services-Computer Processing & Data Preparation(DE)CIK: 1907982

Concept	FY2025	FY2024	FY2023	FY2022
Revenue from Contract with Customer, Excluding Assessed Tax	$8.8M	$8.8M	$7.2M	$5.2M
Cost of Revenue	$3.3M	$4.1M	$2.9M	$915.0K
Gross Profit	$5.6M	$4.6M	$4.3M	$4.2M
Research and Development Expense	$35.3M	$37.9M	$32.1M	$20.4M
Operating Expenses	$82.8M	$85.2M	$63.7M	$35.7M
Operating Income (Loss)	-$77.2M	-$80.5M	-$59.5M	-$31.5M
Interest Expense	—	—	—	$5.3M
Nonoperating Income (Expense)	-$66.7M	-$2.2M	$5.8M	$21.4M
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest

Concept	FY2025	FY2024	FY2023	FY2022
Assets	$199.9M	$59.4M	$26.9M	$32.6M
Assets, Current	$185.0M	$47.0M	$13.9M	$19.2M
Cash and Cash Equivalents, at Carrying Value	$178.0M	$41.3M	—	—
Accounts Receivable, after Allowance for Credit Loss, Current	$1.4M	$1.7M	$757.0K	$421.0K
Inventory, Net	$1.7M	$2.1M	$2.2M	$2.1M
Liabilities	$137.2M	$83.8M	$56.4M	$29.6M
Liabilities, Current	$30.1M	$11.3M	$16.0M	$10.3M
Long-term Debt	—	—	—	$12.5M
Stockholders' Equity Attributable to Parent

Concept	FY2025	FY2024	FY2023	FY2022
Net Cash Provided by (Used in) Operating Activities	-$42.6M	-$60.6M	-$45.2M	-$29.3M
Net Cash Provided by (Used in) Investing Activities	-$3.1M	-$630.0K	-$498.0K	-$789.0K
Net Cash Provided by (Used in) Financing Activities	$182.4M	$95.6M	$43.3M	$43.1M
Payments to Acquire Property, Plant, and Equipment	$2.1M	$583.0K	$423.0K	$736.0K

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