Companies/D-Wave Quantum Inc.

Company profile

D-Wave Quantum Inc.

NYSE: QBTS · Technology · Computer Hardware

Canadian filerHQ Palo Alto, BCCIK 0001907982Reports USD

#541 of 1,109 Technology companies by revenuetop-decile growth

EA Score

46D

FH 43DQ 35GM 71SS 57

v0.1 · 65/100 weight · provisional

↑ Altman-Z, balance-sheet leverage · ↓ Piotroski F, net margin

Methodology →

Revenue TTM

$12.4M

Rev growth YoY (TTM)

-41.7%

Net income (FY)

-$355.1M

Employees

216

Market cap

$8.3B

Financials — latest annual

SEC EDGAR · USD-normalized

ConceptUSDNativeFY

Revenue$24.6M$24.6M2025

Net income-$355.1M-$355.1M2025

Operating income-$100.4M-$100.4M2025

Total assets$915.8M$915.8M2025

Liabilities$63.6M$63.6M2025

Equity$852.2M$852.2M2025

Revenue trend

FY2022 – FY2025 · USD

$5.2M

FY22

$6.3M

FY22

$7.2M

FY22

$8.8M

FY23

$8.8M

FY24

$24.6M

FY25

Revenue by segment

Filed disclosures · FY2025

By product

System Sales85%

Professional Services14%

Product and Service, Other1%

By geography

GERMANY68%

UNITED STATES11%

Other Geographical Areas8%

JAPAN5%

SWITZERLAND4%

CANADA4%

The read

D-Wave Quantum Inc. booked $24.6M in FY2025 revenue, growing 179% year over year — faster than 91% of Technology companies we track, at a -1444.1% net margin.

Peers · Technology

MaxLinear, Inc.66B ESCO Technologies Inc.77B+SailPoint, Inc.49D DocuSign, Inc.69B

Key facts

CEOAlan E. Baratz

SectorTechnology

IndustryComputer Hardware

HeadquartersPalo Alto, BC

ExchangeNYSE: QBTS

Employees216

IPO date2020-12-11

Latest filings

8-K2026-06-30 8-K2026-06-18 8-K2026-06-08 8-K2026-06-01 8-K2026-06-01 8-K2026-05-26 8-K2026-05-26 8-K2026-05-21

Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.