D-WAVE QUANTUM INC. (QBTS) FY2026 YTD Q2 P&L / Income Statement

D-WAVE QUANTUM INC. (QBTS) FY2026 YTD Q2 P&L / Income Statement

Income statement for 2026-01-01 through 2026-06-30. View: Timing of Transfer of Good or Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenue

5,934,000 US dollars

Cost of revenue

2,412,000 US dollars

Total gross profit

3,522,000 US dollars

Total operating expenses

111,527,000 US dollars

Loss from operations

negative 108,005,000 US dollars

Total other income (expense), net

13,176,000 US dollars

Loss before income taxes

negative 94,829,000 US dollars

Income tax benefit (provision), net

negative 28,444,000 US dollars

Net loss

negative 66,385,000 US dollars

Revenue recognized over time

5,614,000 US dollars

Revenue recognized at a point in time

320,000 US dollars

Research and development

54,032,000 US dollars

General and administrative

35,663,000 US dollars

Sales and marketing

21,832,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.