D-Wave Quantum Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
QBTS$10.48-8.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Stockholders’ Equity (Deficit) (Unaudited)
Condensed Consolidated Statements of Stockholders’ Equity (deficit)
For the Three Months Ended March 31, 2025
| Common stock · Additional paid-in capital · Accumulated deficit · Accumulated other comprehensive loss · Total stockholders' equity | |||||||
|---|---|---|---|---|---|---|---|
| (In thousands, except share data) · Shares · Amount | |||||||
| Balances at December 31, 2024 | 266,595,867 | $27 | $700,069 | $(626,940) | $(10,510) | $62,646 | |
| Issuance of common stock in connection with the ATM agreement, net of issuance costs of $140 | 24,604,021 | 2 | 146,106 | — | — | 146,108 | |
| Issuance of common stock in connection with exercise of stock options and vesting of RSUs | 151,121 | — | 23 | — | — | 23 | |
| Issuance of common stock in connection with exercise of warrants | 394 | — | 6 | 6 | |||
| Stock-based compensation | — | — | 4,046 | — | — | 4,046 | |
| Tax withholding related to vesting of restricted stock units | — | — | (517) | — | — | (517) | |
| Foreign currency translation adjustment, net of tax | — | — | — | — | 498 | 498 | |
| Net loss | — | — | — | (5,421) | — | (5,421) | |
| Balances at March 31, 2025 | 291,351,403 | $29 | $849,733 | $(632,361) | $(10,012) | $207,389 | |
Condensed Consolidated Statements of Stockholders’ Equity (deficit)
For the Three Months Ended March 31, 2024
| Common stock · Additional paid-in capital · Accumulated deficit · Accumulated other comprehensive loss · Total stockholders' deficit | |||||||
|---|---|---|---|---|---|---|---|
| (In thousands, except share data) · Shares · Amount | |||||||
| Balances at December 31, 2023 | 161,113,744 | $16 | $469,081 | $(483,061) | $(10,517) | $(24,481) | |
| Issuance of common stock under stock-based compensation plans | 561,266 | — | 8 | 8 | |||
| Stock-based compensation | — | — | 5,515 | — | — | 5,515 | |
| Tax withholding related to vesting of restricted stock units | — | — | (734) | — | — | (734) | |
| Foreign currency translation adjustment, net of tax | — | — | — | — | 47 | 47 | |
| Net loss | — | — | — | (17,312) | — | (17,312) | |
| Balances at March 31, 2024 | 161,675,010 | $16 | $473,870 | $(500,373) | $(10,470) | $(36,957) | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.