When did D-Wave Quantum report Q4 2024 earnings?

D-Wave Quantum (QBTS) reported Q4 2024 earnings on March 13, 2025 before market open.

What were D-Wave Quantum's Q4 2024 revenue and EPS?

D-Wave Quantum reported revenue of $2.3M and eps of $-0.37 for Q4 2024.

Did D-Wave Quantum beat estimates in Q4 2024?

Revenue missed the consensus estimate of $2.5M by $240.2K. EPS missed the consensus estimate of $-0.09 by $0.28.

Where can I find D-Wave Quantum's Q4 2024 SEC filings?

You can read the 10-K periodic report (0001907982-25-000060) directly on SEC EDGAR. The filing index links above go to sec.gov.

D-Wave Quantum QBTS Q4 2024 Annual earnings

Reported March 13, 2025 · Before market open

Revenue$2.3MMiss by $240.2K

EPS-$0.37Miss by $0.28

Revenue estimate$2.5M

EPS estimate-$0.09

Next report

Aug 6, 2026 (In 1 week)

Revenue estimate$4.0M

EPS estimate-$0.08

Financials

Q4 2024

Income statement

See full

Revenue$2.3M-20.5%

Gross profit$1.5M-25.1%

Operating income-$20.2M-22.3%

Net income-$86.1M-438%

EPS (diluted)-$0.43-378%

Balance sheet

See full

Cash & equivalents$178.0M+331%

Total debt$38.0M-47.4%

Total equity$62.6M+356%

Total assets$199.9M+237%

Cash flow

See full

Operating cash flow-+100%

CapEx$950.0K+115%

Free cash flow-+100%

Valuation & ratios

Valuation

as of 12/31/24

See full

Market cap$2.26B+1,517%

Enterprise value$2.12B+1,142%

P/S256.1×+240×

Profitability

See full

Gross margin63%+10.2pp

Operating margin-874.8%-40.7pp

Net margin-1,630%+4,316pp

FCF margin-519%-106pp

Returns & leverage

See full

Debt / equity0.6×—

Current ratio6.1×+2.0×

Segments

By geography

See full

Japan$523.0K—

Germany$406.0K—

Canada$326.0K—

United States$306.0K—

By product

See full

QCaaS$1.7M+7.2%

Professional services$633.0K-60.0%

System sales-—

Versus estimates

Revenue

Q1 2026$2.9MMiss by $1.3M Q4 2025$2.8MMiss by $991.0K Q3 2025$3.7MBeat by $706.4K Q2 2025$3.1MBeat by $67.4K Q1 2025$15.0MBeat by $11.3M

Q4 2024$2.3MMiss by $240.2K

Diluted EPS

Q1 2026-$0.05Beat by $0.03 Q4 2025-$0.12Miss by $0.07 Q3 2025-$0.41Miss by $0.34 Q2 2025-$0.55Miss by $0.49 Q1 2025-$0.02Beat by $0.03

Q4 2024-$0.37Miss by $0.28

Ask the moment D-Wave Quantum reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI

Claude

Questions, answered.

When did D-Wave Quantum report Q4 2024 earnings?: D-Wave Quantum (QBTS) reported Q4 2024 earnings on March 13, 2025 before market open.
What were D-Wave Quantum's Q4 2024 revenue and EPS?: D-Wave Quantum reported revenue of $2.3M and eps of $-0.37 for Q4 2024.
Did D-Wave Quantum beat estimates in Q4 2024?: Revenue missed the consensus estimate of $2.5M by $240.2K. EPS missed the consensus estimate of $-0.09 by $0.28.
Where can I find D-Wave Quantum's Q4 2024 SEC filings?: You can read the 10-K periodic report (0001907982-25-000060) directly on SEC EDGAR. The filing index links above go to sec.gov.