Breakdown | ||||
TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
9.42M | 8.76M | 7.17M | 6.28M | 5.16M |
Gross Profit | ||||
6.06M | 4.62M | 4.25M | 4.53M | 4.25M |
EBIT | ||||
-73.53M | -80.55M | -59.46M | -31.78M | -19.44M |
EBITDA | ||||
-69.08M | -80.83M | -49.03M | -34.36M | -14.06M |
Net Income Common Stockholders | ||||
-73.82M | -82.72M | -38.97M | -34.07M | -18.25M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
27.30M | 41.31M | 7.07M | 9.48M | 21.34M |
Total Assets | ||||
48.60M | 59.36M | 26.95M | 32.61M | 47.46M |
Total Debt | ||||
71.84M | 72.65M | 18.99M | 21.17M | 4.66M |
Net Debt | ||||
44.53M | 31.34M | 11.93M | 11.69M | -16.68M |
Total Liabilities | ||||
85.56M | 83.84M | 33.12M | 29.59M | 14.73M |
Stockholders Equity | ||||
-36.96M | -24.48M | -6.17M | 3.02M | 32.73M |
Cash Flow | Free Cash Flow | |||
-61.28M | -61.28M | -45.72M | -36.80M | -30.08M |
Operating Cash Flow | ||||
-59.40M | -60.65M | -45.23M | -34.80M | -29.29M |
Investing Cash Flow | ||||
-2.63M | -630.00K | -498.00K | -2.00M | -789.00K |
Financing Cash Flow | ||||
38.12M | 95.64M | 43.27M | 24.91M | 43.14M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
75 Outperform | $2.82T | 39.39 | 119.18% | 0.03% | 114.20% | 146.26% | |
67 Neutral | $231.47B | 38.84 | 24.14% | 2.67% | 1.45% | -20.56% | |
58 Neutral | $21.67B | 10.04 | -18.58% | 2.39% | 5.01% | -23.17% | |
48 Neutral | $2.56B | ― | -170.20% | ― | -10.15% | -67.68% | |
44 Neutral | $219.77M | ― | -41.48% | ― | 182.62% | -3.67% | |
43 Neutral | $4.17B | ― | -76.34% | ― | 95.41% | -97.85% | |
39 Underperform | $1.67B | ― | 436.39% | ― | 14.27% | 35.36% |
On January 23, 2025, D-Wave Quantum Inc. announced the successful completion of its $150 million ‘at-the-market’ equity offering program, with sales completed at an average price per share of $6.10, which was a 3.7% premium over the Volume Weighted Average Price of the stock. The company now holds a cash balance of approximately $320 million, which will be used for working capital and capital expenditures to support ongoing technical development and business operations. This financial move is seen as providing the necessary capital to execute its operating plan towards sustained profitability and positive cash flow, thereby solidifying its position in the quantum computing industry.
On January 22, 2025, D-Wave Quantum Inc. announced the launch of the Leap Quantum LaunchPad program, intended to accelerate the deployment of quantum computing applications. This initiative provides free trial access to D-Wave’s quantum technology and expertise, aiming to help customers utilize annealing quantum computing for complex business and scientific problems. The program is designed to facilitate the exploration and implementation of quantum applications, offering participants access to D-Wave’s annealing quantum computers and technical support for a three-month trial. The company also expanded access to its Quantum Programming Core and Quick Start Training programs, enhancing participants’ hands-on experience with quantum technology. This launch signifies D-Wave’s commitment to advancing quantum computing adoption and development, potentially impacting stakeholders by enabling the rapid deployment of transformative applications.
On January 15, 2025, D-Wave Quantum Inc. released an investor presentation from the 27th Annual Needham Growth Conference, highlighting financial achievements and product updates for the 2024 fiscal year. The company showcased its advancements in quantum annealing and supremacy, emphasizing its strong system reliability and diverse customer base. D-Wave’s solutions have significantly optimized business operations across various sectors, demonstrating reduced scheduling times and improved network performance, underscoring its role in the commercialization of quantum technology.
On January 15, 2025, D-Wave Quantum Inc. announced a partnership with Carahsoft Technology Corp. to expand the distribution of quantum computing solutions to the Public Sector in the United States. This collaboration aims to accelerate government adoption of quantum technology by leveraging Carahsoft’s reseller network and contract vehicles, thereby increasing visibility and accessibility of D-Wave’s solutions to address complex optimization challenges and national priorities like defense and infrastructure optimization.
D-Wave Quantum Inc.’s CEO, Dr. Alan Baratz, addressed comments made by NVIDIA’s CEO on CNBC, asserting the immediate commercial availability and real-world problem-solving capabilities of D-Wave’s annealing quantum computing solutions. Baratz emphasized that D-Wave’s technology is already being utilized by over 100 organizations to tackle complex optimization problems, positioning the company as a leader in the quantum computing industry by demonstrating significant computational advancements over traditional supercomputers.
D-Wave Quantum Inc. announced the successful completion of its second SOC 2 Type 2 audit, underscoring its commitment to customer data security and protection. This achievement supports the company’s efforts to facilitate customers’ production deployments of quantum applications, evidenced by the introduction of service-level agreements for its Leap quantum cloud service. The audit, conducted by compliance assessor A-LIGN, affirms D-Wave’s leadership in using best practices for data protection, thereby enhancing its reputation as a trusted vendor in the quantum computing industry.
D-Wave Quantum Inc. announced that its CEO, Dr. Alan Baratz, discussed the company’s progress and the advantages of quantum computing on Yahoo! Finance’s ‘Catalysts’ show. He emphasized D-Wave’s unique annealing quantum computing approach, which is effectively solving optimization problems across industries and driving commercial adoption. The technology is expected to have a significant impact on modern enterprises, offering solutions to complex problems in various sectors.
D-Wave Quantum Inc. announced the successful completion of $175 million in gross proceeds from its ‘at-the-market’ equity offering programs. This funding strengthens the company’s financial position, allowing it to enhance its technical development efforts and execute its product and go-to-market strategies, thus positioning D-Wave for future growth and impact in the commercial adoption of quantum computing.
D-Wave Quantum Inc.’s CEO, Dr. Alan Baratz, highlighted the transformative role of annealing quantum computing on Fox Business, emphasizing its unique capabilities in solving optimization problems that are crucial for modern businesses. This technology, already in use by major companies like Mastercard and Siemens, positions D-Wave as a leader in commercially viable quantum computing, offering practical solutions across diverse industries.
D-Wave Quantum Inc. has appointed Sharon Holt as a Class I director to its Board of Directors, effective November 22, 2024. Holt, an experienced leader in the tech industry with a background in sales, licensing, and marketing, will also join the Board’s Audit Committee. Her extensive experience, including roles at Infinera and Immersion Corporation, positions her well to contribute to D-Wave Quantum’s strategic direction.
D-Wave Quantum Inc. has unveiled its cutting-edge 4,400+ qubit Advantage2 processor, marking a pivotal advancement in quantum computing. This new processor offers remarkable performance enhancements over its predecessor, with doubled coherence time, a 40% boost in energy scale, and increased qubit connectivity, enabling it to tackle complex computational challenges in fields like AI and materials science. These improvements promise faster, more precise solutions, underscoring D-Wave’s commitment to revolutionizing the quantum computing landscape.