D-Wave Quantum Inc
NYSE:QBTS
Income Statement
Earnings Waterfall
D-Wave Quantum Inc
Income Statement
D-Wave Quantum Inc
| Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||
| Interest Expense |
4
|
4
|
5
|
6
|
2
|
2
|
1
|
2
|
0
|
3
|
3
|
3
|
4
|
3
|
2
|
1
|
0
|
|
| Revenue |
6
N/A
|
7
+5%
|
7
+4%
|
7
+6%
|
7
0%
|
7
-2%
|
7
+5%
|
8
+12%
|
9
+6%
|
10
+10%
|
10
+5%
|
9
-7%
|
9
-6%
|
21
+142%
|
22
+4%
|
24
+8%
|
25
+2%
|
|
| Gross Profit | ||||||||||||||||||
| Cost of Revenue |
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
|
| Gross Profit |
5
N/A
|
4
-4%
|
4
+2%
|
4
+1%
|
4
-5%
|
4
-16%
|
3
-2%
|
4
+14%
|
5
+16%
|
6
+27%
|
7
+12%
|
6
-7%
|
6
-8%
|
18
+220%
|
18
+3%
|
20
+9%
|
20
+2%
|
|
| Operating Income | ||||||||||||||||||
| Operating Expenses |
(43)
|
(45)
|
(48)
|
(54)
|
(64)
|
(77)
|
(85)
|
(89)
|
(85)
|
(79)
|
(78)
|
(80)
|
(83)
|
(89)
|
(97)
|
(106)
|
(121)
|
|
| Selling, General & Administrative |
(18)
|
(20)
|
(22)
|
(26)
|
(32)
|
(41)
|
(47)
|
(49)
|
(47)
|
(44)
|
(44)
|
(46)
|
(47)
|
(52)
|
(56)
|
(59)
|
(70)
|
|
| Research & Development |
(25)
|
(26)
|
(27)
|
(28)
|
(32)
|
(36)
|
(38)
|
(40)
|
(38)
|
(35)
|
(34)
|
(34)
|
(35)
|
(37)
|
(41)
|
(47)
|
(51)
|
|
| Operating Income |
(39)
N/A
|
(41)
-5%
|
(44)
-7%
|
(49)
-12%
|
(59)
-21%
|
(73)
-23%
|
(82)
-12%
|
(85)
-4%
|
(81)
+5%
|
(73)
+9%
|
(71)
+3%
|
(74)
-3%
|
(77)
-5%
|
(71)
+8%
|
(79)
-11%
|
(86)
-9%
|
(100)
-17%
|
|
| Pre-Tax Income | ||||||||||||||||||
| Interest Income Expense |
(3)
|
(2)
|
(3)
|
(5)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
2
|
1
|
(1)
|
(3)
|
(5)
|
(4)
|
(0)
|
20
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
1
|
(1)
|
(5)
|
(5)
|
8
|
11
|
5
|
4
|
(2)
|
(4)
|
3
|
1
|
(64)
|
(56)
|
(199)
|
(313)
|
(275)
|
|
| Pre-Tax Income |
(41)
N/A
|
(44)
-7%
|
(52)
-18%
|
(59)
-14%
|
(54)
+9%
|
(63)
-18%
|
(77)
-22%
|
(82)
-6%
|
(83)
-1%
|
(76)
+9%
|
(67)
+11%
|
(74)
-10%
|
(144)
-95%
|
(132)
+8%
|
(282)
-113%
|
(399)
-42%
|
(355)
+11%
|
|
| Net Income | ||||||||||||||||||
| Income from Continuing Operations |
(41)
|
(44)
|
(52)
|
(59)
|
(54)
|
(63)
|
(77)
|
(82)
|
(83)
|
(76)
|
(67)
|
(74)
|
(144)
|
(132)
|
(282)
|
(399)
|
(355)
|
|
| Net Income (Common) |
(41)
N/A
|
(44)
-7%
|
(52)
-18%
|
(59)
-14%
|
(54)
+9%
|
(63)
-18%
|
(77)
-22%
|
(82)
-6%
|
(83)
-1%
|
(76)
+9%
|
(67)
+11%
|
(74)
-10%
|
(144)
-95%
|
(132)
+8%
|
(282)
-113%
|
(399)
-42%
|
(355)
+11%
|
|
| EPS (Diluted) |
-0.33
N/A
|
-0.35
-6%
|
-0.45
-29%
|
-0.49
-9%
|
-0.45
+8%
|
-0.51
-13%
|
-0.6
-18%
|
-0.61
-2%
|
-0.6
+2%
|
-0.46
+23%
|
-0.39
+15%
|
-0.36
+8%
|
-0.75
-108%
|
-0.46
+39%
|
-0.93
-102%
|
-1.16
-25%
|
-1.11
+4%
|
|