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) Shares outstanding

Alert me on Shares outstanding

D-Wave Quantum Inc.'s shares outstanding at the end of fiscal 2025 was $321.2M, up 67.2% from $192.1M in fiscal 2024. At the end of the quarter to 30 June 2026 it was $370.8M. Over the past ten years it has ranged from $119.6M (fiscal 2022) to $321.2M (fiscal 2025) — the current reading is the highest in ten years. D-Wave Quantum Inc. ranks 8th of 39 Computer Hardware companies by shares outstanding.

Shares outstanding, annual

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Annual newest first

Period Shares outstanding Change
FY2025 $321.2M 67.18%
FY2024 $192.1M 39.23%
FY2023 $138.0M 15.33%
FY2022 $119.6M (4.54%)
FY2021 $125.3M (1.43%)
FY2020 $127.2M —

Quarterly newest first

Period Shares outstanding Change
Jun 2026 $370.8M 0.92%
Mar 2026 $367.5M 14.41%
Dec 2025 $321.2M (6.14%)
Sep 2025 $342.2M 13.20%
22 more quarters

Against its own ten years

Low $119.6M High $321.2M
Ten-year median $132.6M
Current reading's percentile 100

Shares outstanding against peers

What Shares outstanding is

Shares (Diluted, Weighted) tells an investor how many shares a company’s earnings are spread across once potential new shares are counted.

Reported line item

The full definition of Shares outstanding →

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