D-Wave Quantum Balance Sheet
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
D-Wave Quantum financial position
At the end of fiscal 2025, D-Wave Quantum reported total assets of $915.8 million, up 358.2% from a year earlier against total liabilities of $63.6 million. Shareholders' equity stood at $852.2 million, or 93.1% of assets. The company held $635.3 million in cash and equivalents against $35.8 million of debt, a net cash position of $599.5 million.
The current ratio (current assets divided by current liabilities) was 42.38, meaning short-term assets cover obligations due within a year. Debt-to-equity was 0.04.
Summary generated from market data by MetaCap's automated system. Methodology
D-Wave Quantum balance sheet (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 635.35M | 177.98M | 41.31M | 7.07M | 9.48M | 21.34M |
| Short-Term Investments | 249.13M | 0 | — | — | — | — |
| Receivables | 1.59M | 1.42M | 1.65M | 757.00K | 421.00K | — |
| Inventory | 2.78M | 1.69M | 2.08M | 2.20M | 2.11M | — |
| Total Current Assets | 896.23M | 185.04M | 47.05M | 13.93M | 16.02M | 29.62M |
| Property, Plant & Equipment | 7.84M | 4.13M | 2.55M | 2.29M | 3.25M | — |
| Goodwill | 0 | — | — | — | — | — |
| Intangible Assets | 915.00K | 490.00K | 179.00K | 244.00K | 272.00K | — |
| Long-Term Investments | 2.39M | 2.57M | 1.17M | 1.17M | 1.17M | — |
| Total Assets | 915.81M | 199.85M | 59.36M | 26.95M | 29.47M | 35.80M |
| Accounts Payable | 950.00K | 815.00K | 1.47M | 3.76M | 2.11M | — |
| Short-Term Debt | — | — | — | 1.86M | 220.00K | — |
| Total Current Liabilities | 21.15M | 30.14M | 11.25M | 16.04M | 10.45M | 11.97M |
| Long-Term Debt | 35.83M | 30.13M | 63.85M | 31.17M | 30.31M | 1.61M |
| Total Liabilities | 63.58M | 137.21M | 83.84M | 56.41M | 47.82M | 15.02M |
| Shareholders' Equity | 852.23M | 62.65M | -24.48M | -29.46M | -18.36M | 20.78M |
| Retained Earnings | -982.00M | -626.94M | -483.06M | -400.35M | -346.64M | -305.67M |
| Total Debt | 35.83M | 30.13M | 63.85M | 33.03M | 30.53M | 1.61M |
| Net Cash (Debt) | 848.66M | 147.85M | -22.54M | -25.97M | -21.05M | 19.73M |
| Shares Outstanding | 358.74M | 266.60M | 161.11M | 113.34M | 2.82M | — |
This table shows 6 annual periods of D-Wave Quantum's balance sheet, from FY 2025 back to FY 2020, across 20 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow QBTS's reporting calendar. What is a balance sheet?