D-Wave Quantum Inc.

QBTS Technology Computer Hardware

D-Wave Quantum Inc.’s revenue for fiscal 2025 (year ended December 2025) was $24.6 million, up 178.5% from fiscal 2024.

Revenue
−0.61%
EPS
+76.4%
Free cash flow
−105.8%
Total debt
+9.27%

Quarter to June 2026, against a year earlier

10.69 1.64 +18.12%
Market cap
$3.4B
P/E
0.0×
Fwd P/E
−26.3×
Dividend yield
—
F-score
5/9
Altman Z
78.57
Beneish M
−2.93
Dividend safety
n/a

D-Wave Quantum Inc. (QBTS) Net income

Alert me on Net income

D-Wave Quantum Inc.'s net income for fiscal 2025 was −$355.1M, compared with −$143.9M in fiscal 2024. Over the twelve months to 30 June 2026 it was −$248.7M. Over the past ten years it has ranged from −$355.1M (fiscal 2025) to $0.00 (fiscal 2017) — the current reading is the lowest in ten years. Net income has fallen for 6 consecutive fiscal years. D-Wave Quantum Inc. ranks 42nd of 42 Computer Hardware companies by net income.

Net income, annual

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Annual newest first

Period Net income Change
FY2025 −$355.1M —
FY2024 −$143.9M —
FY2023 −$82.7M —
FY2022 −$53.7M —
FY2021 −$41.0M —
FY2020 −$22.0M —
FY2017 $0.00 —

Quarterly newest first

Period Net income Change
Jun 2026 −$48.0M —
Mar 2026 −$18.4M —
Dec 2025 −$42.3M —
Sep 2025 −$140.0M —
22 more quarters

Against its own ten years

Low −$355.1M High $0.00
Ten-year median −$53.7M
Current reading's percentile 14

Net income against peers

What Net income is

Net Income tells an investor how much profit a company kept in a period after every cost, interest charge and tax.

Reported line item

The full definition of Net income →

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