D-Wave Quantum Inc.

QBTS

Market cap$8.53 B

Rank#1031

SEC filings672

D-Wave Quantum Inc. trades as QBTS and has a market capitalization of $8.53 B, making it the #1031 largest US-listed company by market value. In its fiscal 2025 annual report the company posted revenue of $24.59M, up 178.5% from the prior year and net income of -$355.06M. This page tracks D-Wave Quantum Inc. through 672 SEC filings, with financial statements and metrics updated as new reports are filed.

Key metrics

Revenue (latest FY)$24.59MFY 2025

Net income (latest FY)-$355.06MFY 2025

Operating cash flow (latest FY)-$71.98MFY 2025

Total assets (latest FY)$915.81MFY 2025

Gross margin82.6%latest FY

Net margin-1444.1%latest FY

Financial performance

Over the last 5 fiscal years D-Wave Quantum Inc.'s revenue grew from $5.16M to $24.59M, a compound annual growth rate of 36.7%. Net profit margin compressed from -425.7% to -1444.1% over the same period - every figure below comes from the company's audited annual filings.

QBTS annual revenueView details

QBTS annual net incomeView details

Key statistics

Market cap: $8.53 B
Share price (derived)market cap / shares outstanding: $23.25
EPS (diluted)FY 2025: $-1.11
Shares outstandingas of 2026-05-11: 0.37B
Total equityas of 2026-03-31: $1.12B
Return on equity: -31.6%
Long-term debtas of 2026-03-31: $35.42M
Cash & equivalentsas of 2026-03-31: $338.20M

Latest filings

Filing	Type	Filed
Major company event	8-K	2026-05-26
Major company event	8-K	2026-05-26
Insider trade	4	2026-05-22
Insider sale notice	144	2026-05-22
Insider trade	4	2026-05-21
Insider sale notice	144	2026-05-21
Major company event	8-K	2026-05-21
Insider sale notice	144	2026-05-20

Browse the full filing history (672 filings)

Recent press releases

D Wave And Department Of Commerce Sign Letter Of Intent For 100 Million In Chips And Science ACT Funding2026-05-21
D-Wave Quantum and Department of Commerce Sign Letter of Intent for $100 Million in CHIPS and Science Act Funding to Accelerate U.S. Leadership in Quantum Computing
D-Wave Reports First Quarter 2026 Results2026-05-12
The Leap™ quantum cloud service provides real-time quantum access
D-Wave Quantum to Report First Quarter Fiscal Year 2026 Financial Results on May 12, 20262026-05-12
The Leap™ quantum cloud service provides real-time quantum access
D-Wave Announces Qubits Europe 2026 Quantum Computing User Conference2026-05-05
The Leap™ quantum cloud service provides real-time quantum access
How D-Wave’s quantum computing technology is already delivering real-world results beyond the reach of classical-only approaches2026-04-29
D-Wave to Host First-Ever Investor Day at the New York Stock Exchange

Similar companies

The largest companies sharing D-Wave Quantum Inc.'s SEC industry classification (services-computer processing & data preparation).

ADPAutomatic Data Processing, Inc.$92.35 B QBTS vs ADP

RDDTReddit, Inc.$33.78 B QBTS vs RDDT

WDAYWorkday, Inc.$30.24 B QBTS vs WDAY

VRSKVerisk Analytics$23.99 B QBTS vs VRSK

TOSTToast, Inc.$15.12 B QBTS vs TOST

Frequently asked questions

What is D-Wave Quantum Inc.'s market cap?

D-Wave Quantum Inc. (QBTS) has a market capitalization of $8.53 B as of 2026-06-10, ranking #1031 among US-listed companies.

How much revenue does D-Wave Quantum Inc. make?

D-Wave Quantum Inc. reported revenue of $24.59M for fiscal year 2025, an increase of 178.5% year over year.

Is D-Wave Quantum Inc. profitable?

In its latest fiscal year D-Wave Quantum Inc. reported a net loss of $355.06M.

Data parsed from SEC EDGAR XBRL filings. See the full market cap rankings.