D-Wave Quantum Inc. financial data

Symbol
QBTS, QBTS-WT on NYSE
Industry
Services-Computer Processing & Data Preparation
Location
2650 East Bayshore Road, Palo Alto, California
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 13, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 153 % +74.9%
Quick Ratio 8.77 % -18.9%
Debt-to-equity -259 % -53.6%
Return On Equity 236 % +9.74%
Return On Assets -149 % +30.8%
Operating Margin -761 % +26.8%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 117 M shares +45.3%
Common Stock, Shares, Outstanding 162 M shares +27.1%
Entity Public Float 126 M USD
Common Stock, Value, Issued 16 K USD +33.3%
Weighted Average Number of Shares Outstanding, Basic 161 M shares +31%
Weighted Average Number of Shares Outstanding, Diluted 161 M shares +31%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 9.64 M USD +36.9%
Cost of Revenue 3.78 M USD +8.97%
Research and Development Expense 35.5 M USD -2.01%
Selling and Marketing Expense 10.5 M USD -7.99%
General and Administrative Expense 33.3 M USD +14%
Operating Income (Loss) -73.4 M USD -0.24%
Nonoperating Income (Expense) -2.25 M USD -134%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -82.7 M USD -54%
Net Income (Loss) Attributable to Parent -75.6 M USD -13.6%
Earnings Per Share, Basic -0.51 USD/shares +8.93%
Earnings Per Share, Diluted -0.51 USD/shares +8.93%

Balance Sheet

Label TTM Value / Value Unit Change %
Accounts Receivable, after Allowance for Credit Loss, Current 1.74 M USD +220%
Inventory, Net 2.08 M USD -7.19%
Assets, Current 33.7 M USD +126%
Property, Plant and Equipment, Net 2.91 M USD +42.5%
Operating Lease, Right-of-Use Asset 7.88 M USD -11.7%
Intangible Assets, Net (Excluding Goodwill) 302 K USD +32.5%
Other Assets, Noncurrent 3.83 M USD +183%
Assets 48.6 M USD +77%
Employee-related Liabilities, Current 2.08 M USD -13%
Accrued Liabilities, Current 6.01 M USD -39.1%
Contract with Customer, Liability, Current 2 M USD +9.41%
Liabilities, Current 10.9 M USD -40.6%
Contract with Customer, Liability, Noncurrent 399 K USD +4333%
Operating Lease, Liability, Noncurrent 6.98 M USD -2.61%
Other Liabilities, Noncurrent 0 USD -100%
Liabilities 85.6 M USD +47.2%
Accumulated Other Comprehensive Income (Loss), Net of Tax -10.5 M USD -0.47%
Retained Earnings (Accumulated Deficit) -500 M USD -17.8%
Stockholders' Equity Attributable to Parent -37 M USD -20.5%
Liabilities and Equity 48.6 M USD +77%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -12.1 M USD +10.7%
Net Cash Provided by (Used in) Financing Activities -726 K USD -105%
Net Cash Provided by (Used in) Investing Activities -1.21 M USD -1486%
Common Stock, Shares Authorized 675 M shares 0%
Common Stock, Shares, Issued 162 M shares +27.1%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -14 M USD -828%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 27.3 M USD +204%
Deferred Tax Assets, Valuation Allowance 111 M USD +3.8%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 112 M USD +4.25%
Operating Lease, Liability 8.4 M USD
Depreciation 800 K USD -38.5%
Payments to Acquire Property, Plant, and Equipment 305 K USD +377%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent -75.7 M USD -13.9%
Lessee, Operating Lease, Liability, to be Paid 13.1 M USD -7.99%
Property, Plant and Equipment, Gross 27.1 M USD +6.59%
Operating Lease, Liability, Current 1.45 M USD -2.43%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.19 M USD -11.5%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.37 M USD -10.4%
Operating Lease, Weighted Average Discount Rate, Percent 0.1 pure -47.1%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 4.69 M USD
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.22 M USD +7.21%
Deferred Tax Assets, Operating Loss Carryforwards 54.6 M USD -1.45%
Preferred Stock, Shares Issued 0 shares -100%
Preferred Stock, Shares Authorized 0 shares -100%
Unrecognized Tax Benefits 700 K USD +1.6%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.25 M USD +7.11%
Operating Lease, Payments 0 USD -100%
Additional Paid in Capital 474 M USD +17.1%
Preferred Stock, Shares Outstanding 0 shares -100%
Amortization of Intangible Assets 100 K USD 0%
Depreciation, Depletion and Amortization 229 K USD -32.4%
Deferred Tax Assets, Net of Valuation Allowance 807 K USD +155%
Share-based Payment Arrangement, Expense 18.7 M USD +23.4%
Interest Expense 4.78 M USD +237%