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$QBTS
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Consolidated Balance Sheets

In millions of USD; shares in millions, except per-share amounts
Q2 FY2026
As of Jun 30, 2026
Q1 FY2026
As of Mar 31, 2026
Q4 FY2025
As of Dec 31, 2025
Q3 FY2025
As of Sep 30, 2025
Q2 FY2025
As of Jun 30, 2025
Q1 FY2025
As of Mar 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q3 FY2024
As of Sep 30, 2024
Q2 FY2024
As of Jun 30, 2024
Q1 FY2024
As of Mar 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q3 FY2023
As of Sep 30, 2023
Q2 FY2023
As of Jun 30, 2023
Q1 FY2023
As of Mar 31, 2023
Q4 FY2022
As of Dec 31, 2022
Q3 FY2022
As of Sep 30, 2022
Q2 FY2022
As of Jun 30, 2022
Assets
Current assets:
Cash
Cash and cash equivalents
Marketable investment securities
Trade accounts receivable, net of allowance for credit losses of $1 and $176
Research incentive receivable
Inventories
Prepaid expenses and other current assets
Total current assets
Property and equipment, net
Operating lease right-of-use assets
Intangible assets, net
Goodwill
Other non-current assets, net
Total assets
Liabilities and stockholders' equity
Current liabilities:
Trade accounts payable
Accrued expenses and other current liabilities
Loans payable, current
Current portion of operating lease liabilities
Loans payable, net, current
Deferred revenue, current
Promissory notes - related party
Total current liabilities
Warrant liabilities
Operating lease liabilities, net of current portion
Loans payable, net, non-current
Deferred revenue, non-current
Total liabilities
Stockholders' equity:
Common stock, par value $0.0001 per share; 675,000,000 shares authorized at both June 30, 2026 and December 31, 2025; 372,011,420 shares and 358,741,605 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively.
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive loss
Total stockholders' equity
Total liabilities and stockholders’ equity
Common stock, authorized (in shares)

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