The table below shows D-Wave Quantum Inc.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$24.59M
$8.83M
$8.76M
$7.17M
$6.28M
$5.16M
Cost of revenue
$4.28M
$3.26M
$4.14M
$2.92M
$1.75M
$915.00K
Gross profit
$20.31M
$5.56M
$4.62M
$4.25M
$4.53M
$4.25M
R&D
$50.73M
$35.30M
$37.88M
$32.10M
$25.40M
$20.41M
SG&A
QBTS annual revenue (10-K history)
D-Wave Quantum Inc. reported annual revenue of $24.59M for fiscal year 2025. That is up 178.5% from $8.83M in fiscal 2024. Over the 6 fiscal years shown, annual revenue grew from $5.16M (FY 2020) to $24.59M. Figures come from the company's audited annual reports as filed with the SEC.