D-Wave Quantum Inc.
For the period ended Sep 30, 2025. Filed Nov 6, 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.
Sep 30, 2025 · Filed Nov 6, 2025
QBTS$11.47+7.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 1. Financial Statements
Condensed Consolidated Balance Sheets
| September 30, | December 31, | |
|---|---|---|
| (In thousands, except share and per share data) | 2025 | 2024 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $836,231 | $177,980 |
| Trade accounts receivable, net of allowance for credit losses of $1 and $176 | 1,927 | 1,420 |
| Inventories | 2,831 | 1,686 |
| Prepaid expenses and other current assets | 7,150 | 3,954 |
| Total current assets | 848,139 | 185,040 |
| Property and equipment, net | 5,608 | 4,133 |
| Operating lease right-of-use assets | 6,716 | 7,261 |
| Intangible assets, net | 803 | 490 |
| Other non-current assets, net | 4,554 | 2,929 |
| Total assets | $865,820 | $199,853 |
| Liabilities and stockholders' equity | ||
| Current liabilities: | ||
| Trade accounts payable | $992 | $815 |
| Accrued expenses and other current liabilities | 9,496 | 8,784 |
| Current portion of operating lease liabilities | 1,491 | 1,512 |
| Loans payable, net, current | 144 | 348 |
| Deferred revenue, current | 3,389 | 18,686 |
| Total current liabilities | 15,512 | 30,145 |
| Warrant liabilities | 140,970 | 69,875 |
| Operating lease liabilities, net of current portion | 6,101 | 6,389 |
| Loans payable, net, non-current | 32,054 | 30,128 |
| Deferred revenue, non-current | 629 | 670 |
| Total liabilities | 195,266 | 137,207 |
| Commitments and contingencies (Note 9) | ||
| Stockholders' equity: | ||
| Common stock, par value $0.0001 per share; 675,000,000 shares authorized at both September 30, 2025 and December 31, 2024; 345,971,195 shares and 266,595,867 shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively. | 34 | 27 |
| Additional paid-in capital | 1,619,322 | 700,069 |
| Accumulated deficit | (939,676) | (626,940) |
| Accumulated other comprehensive loss | (9,126) | (10,510) |
| Total stockholders' equity | 670,554 | 62,646 |
| Total liabilities and stockholders’ equity | $865,820 | $199,853 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.