Overview
D-Wave Quantum Inc. is a Canadian-based company established in 1999, pioneering in the quantum computing industry. The company primarily develops and distributes quantum computers. D-Wave's notable project, the D-Wave System, exemplifies the practical application of quantum annealing technology to solve complex computational problems faster than traditional binary computers. The firm has collaborated extensively with entities in sectors such angiery, life sciences, and finance, aiming to transform problem-solving paradigms through quantum computing advantages. D-Wave Quantum Inc. stands out for its focus on producing scalable quantum computing solutions and has attracted significant attention for setting benchmarks in performance and system innovation within the field of quantum technology.
Quality, Value, Momentum Scores
This card shows the Quality, Value, and Momentum scores for the company
Income Statement: Revenue, Operating Income, Net Income
- The revenue for D-Wave Quantum Inc. as of June 30, 2025 is 22.27 MM.
- The operating income for D-Wave Quantum Inc. as of June 30, 2025 is -78.66 MM.
- The net income for D-Wave Quantum Inc. as of June 30, 2025 is -281.54 MM.
| Period End (TTM) | Revenue (MM) | Operating Income (MM) | Net Income (MM) |
| 2025-06-30 | 22.27 | -78.66 | -281.54 |
| 2025-03-31 | 21.36 | -71.00 | -131.99 |
| 2024-12-31 | 8.83 | -77.22 | -143.88 |
| 2024-09-30 | 9.42 | -73.53 | -73.82 |
| 2024-06-30 | 10.12 | -71.30 | -67.21 |
| 2024-03-31 | 9.64 | -73.37 | -75.62 |
| 2023-12-31 | 8.76 | -80.55 | -82.72 |
| 2023-09-30 | 8.25 | -85.03 | -84.48 |
| 2023-06-30 | 7.38 | -81.70 | -79.03 |
| 2023-03-31 | 7.04 | -73.20 | -66.45 |
| 2022-12-31 | 7.17 | -59.46 | -53.70 |
| 2022-09-30 | 7.20 | -49.28 | -49.76 |
| 2022-06-30 | 6.82 | -44.00 | -43.31 |
| 2022-03-31 | 6.58 | -40.94 | -34.38 |
| 2021-12-31 | 6.28 | -38.95 | -31.55 |
| 2020-12-31 | 5.16 | -31.47 | -10.02 |
Income Statement: EPS
- The earnings per share basic for D-Wave Quantum Inc. as of June 30, 2025 is -1.10.
- The earnings per share diluted for D-Wave Quantum Inc. as of June 30, 2025 is -1.10.
| Period End (TTM) | Earnings Per Share Basic | Earnings Per Share Diluted |
| 2025-06-30 | -1.10 | -1.10 |
| 2025-03-31 | -0.59 | -0.59 |
| 2024-12-31 | -0.75 | |
| 2024-09-30 | -0.43 | -0.43 |
| 2024-06-30 | -0.42 | -0.42 |
| 2024-03-31 | -0.51 | -0.51 |
| 2023-12-31 | -0.60 | |
| 2023-09-30 | -0.67 | -0.67 |
| 2023-06-30 | -0.66 | -0.66 |
| 2023-03-31 | -0.56 | -0.56 |
| 2022-12-31 | -0.45 | |
| 2022-09-30 | -0.45 | -0.45 |
| 2022-06-30 | -12.96 | -12.96 |
| 2022-03-31 | -10.82 | -10.82 |
| 2021-12-31 | -9.96 | -9.96 |
| 2020-12-31 |
Cash Flow: Operations, Investing, Financing
- The cash from operating activities for D-Wave Quantum Inc. as of June 30, 2025 is -50.62 MM.
- The cash from investing activities for D-Wave Quantum Inc. as of June 30, 2025 is -1.69 MM.
- The cash from financing activities for D-Wave Quantum Inc. as of June 30, 2025 is 829.54 MM.
| Period End (TTM) | Cash From Operating Activities (MM) | Cash From Investing Activities (MM) | Cash From Financing Activities (MM) |
| 2025-06-30 | -50.62 | -1.69 | 829.54 |
| 2025-03-31 | -49.80 | -2.43 | 328.80 |
| 2024-12-31 | -42.64 | -3.14 | 182.45 |
| 2024-09-30 | -59.40 | -2.63 | 38.12 |
| 2024-06-30 | -58.19 | -2.36 | 93.86 |
| 2024-03-31 | -59.19 | -1.76 | 79.32 |
| 2023-12-31 | -60.65 | -0.63 | 95.64 |
| 2023-09-30 | -56.80 | -0.36 | 96.71 |
| 2023-06-30 | -52.77 | -0.36 | 50.16 |
| 2023-03-31 | -49.29 | -0.43 | 40.98 |
| 2022-12-31 | -45.23 | -0.50 | 43.27 |
| 2022-09-30 | -41.52 | -0.61 | 47.89 |
| 2022-06-30 | -36.03 | -0.95 | 34.55 |
| 2022-03-31 | -33.16 | -1.40 | 30.86 |
| 2021-12-31 | -34.80 | -2.00 | 24.91 |
| 2020-12-31 | -29.29 | -0.79 | 43.14 |
Valuation Metrics : PE, PriceToBook, PriceToTBV
- The p/e for D-Wave Quantum Inc. as of June 30, 2025 is -30.95.
- The p/book for D-Wave Quantum Inc. as of June 30, 2025 is 19.70.
- The p/tbv for D-Wave Quantum Inc. as of June 30, 2025 is 19.75.
- P/Book
- The current closing price divided by the book value per share.
- P/TBV
- The current price divided by the tangible book value per share.
| Period End (TTM) | p/e | P/Book | P/TBV |
| 2025-06-30 | -30.95 | 19.70 | 19.75 |
| 2025-03-31 | 34.82 | 35.10 | |
| 2024-12-31 | -22.71 | -99.10 | -96.61 |
| 2024-09-30 | -2.42 | -7.55 | -7.41 |
| 2024-06-30 | -2.65 | -5.43 | -5.38 |
| 2024-03-31 | -4.24 | -13.72 | -13.62 |
| 2023-12-31 | -1.78 | 16.00 | 16.36 |
| 2023-09-30 | -1.82 | -5.01 | -4.97 |
| 2023-06-30 | -4.06 | -35.82 | -34.74 |
| 2023-03-31 | -1.43 | -103.81 | |
| 2022-12-31 | -223.01 | -162.90 | |
| 2022-09-30 | -42.42 | -41.87 | |
| 2022-06-30 | |||
| 2022-03-31 | |||
| 2021-12-31 | |||
| 2020-12-31 |
Valuation Metrics : EBitToEv, EBit3YrAvgToEv
- The ebit/ev for D-Wave Quantum Inc. as of June 30, 2025 is -0.03.
- The ebit (3y)/ev for D-Wave Quantum Inc. as of June 30, 2025 is -0.02.
| Period End (TTM) | EBIT/EV | EBIT (3y)/EV |
| 2025-06-30 | -0.03 | -0.02 |
| 2025-03-31 | -0.07 | -0.05 |
| 2024-12-31 | -0.04 | -0.04 |
| 2024-09-30 | -0.36 | -0.36 |
| 2024-06-30 | -0.32 | -0.25 |
| 2024-03-31 | -0.22 | -0.15 |
| 2023-12-31 | -0.62 | -0.34 |
| 2023-09-30 | -0.49 | -0.25 |
| 2023-06-30 | -0.25 | -0.15 |
| 2023-03-31 | -0.68 | -0.42 |
| 2022-12-31 | -0.15 | -0.05 |
| 2022-09-30 | -0.04 | -0.01 |
| 2022-06-30 | ||
| 2022-03-31 | ||
| 2021-12-31 | ||
| 2020-12-31 |
Management Effectiveness
- The roa for D-Wave Quantum Inc. as of June 30, 2025 is -2.14.
- The roic for D-Wave Quantum Inc. as of June 30, 2025 is -0.54.
- The croic for D-Wave Quantum Inc. as of June 30, 2025 is 1.13.
- The ocroic for D-Wave Quantum Inc. as of June 30, 2025 is -0.20.
| Period End (TTM) | ROA | ROE | ROIC | CROIC | OCROIC |
| 2025-06-30 | -2.14 | -0.54 | 1.13 | -0.20 | |
| 2025-03-31 | -2.96 | -1.42 | 1.35 | -0.42 | |
| 2024-12-31 | -1.24 | -1.96 | -0.64 | -1.57 | |
| 2024-09-30 | -0.96 | -7.64 | -1.32 | 0.66 | -1.14 |
| 2024-06-30 | -2.75 | -2.17 | 0.53 | -1.70 | |
| 2024-03-31 | -2.94 | -1.64 | 0.82 | -1.18 | |
| 2023-12-31 | -2.06 | -1.41 | 0.70 | -1.01 | |
| 2023-09-30 | -2.15 | -15.01 | -0.58 | -10.32 | |
| 2023-06-30 | -1.81 | ||||
| 2023-03-31 | -1.27 | -3.82 | -0.51 | -2.92 | |
| 2022-12-31 | -2.30 | 0.25 | -1.84 | ||
| 2022-09-30 | -1.31 | -1.25 | 0.14 | -1.01 | |
| 2022-06-30 | -0.90 | -1.31 | -1.92 | -0.12 | -1.62 |
| 2022-03-31 | -0.72 | -1.05 | -1.18 | -0.14 | -1.14 |
| 2021-12-31 | -0.66 | -0.96 | -1.30 | -0.49 | -1.44 |
| 2020-12-31 | -0.27 | 0.35 | -0.78 |
Gross Margins
- The gross margin for D-Wave Quantum Inc. as of June 30, 2025 is 0.83.
- The net margin for D-Wave Quantum Inc. as of June 30, 2025 is -6.18.
- The operating margin for D-Wave Quantum Inc. as of June 30, 2025 is -3.32.
- Gross Margin
- The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.
- Net Margin
- The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.
- Operating Margin
- The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.
| Period End (TTM) | Gross Margin | Net Margin | Operating Margin |
| 2025-06-30 | 0.83 | -6.18 | -3.32 |
| 2025-03-31 | 0.63 | -16.30 | -8.75 |
| 2024-12-31 | 0.64 | -7.83 | -7.80 |
| 2024-09-30 | 0.65 | -6.64 | -7.05 |
| 2024-06-30 | 0.61 | -7.84 | -7.61 |
| 2024-03-31 | 0.48 | -9.59 | -10.31 |
| 2023-12-31 | 0.48 | -9.59 | -10.31 |
| 2023-09-30 | 0.48 | -10.40 | -11.07 |
| 2023-06-30 | 0.51 | -10.40 | -11.07 |
| 2023-03-31 | 0.63 | -9.16 | -10.39 |
| 2022-12-31 | 0.63 | -7.18 | -6.77 |
| 2022-09-30 | 0.68 | -7.18 | -6.77 |
| 2022-06-30 | 0.68 | -6.29 | -6.35 |
| 2022-03-31 | 0.69 | -5.22 | -6.17 |
| 2021-12-31 | 0.72 | -5.02 | -6.20 |
| 2020-12-31 | 0.82 | -1.94 | -6.10 |
Identifiers and Descriptors
| Central Index Key (CIK) | 1907982 |
