$QBTS Income Statement | Understand Stock

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$QBTS

$26.90 -$3.01 (10.06%)

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Income Statement Balance Sheet Cashflow Statement

Income Statement

Concept	2025	2024	2023	2022	2021
Revenue	$24.59M 178.54% YoY	$8.827M 0.79% YoY	$8.758M 22.1% YoY	$7.173M N/A	$0.00 N/A
Cost Of Revenue	$4.281M 31.16% YoY	$3.264M -21.08% YoY	$4.136M 41.5% YoY	$2.923M 67.03% YoY	$1.750M 91.26% YoY
Gross Profit	$20.31M 265.02% YoY	$5.563M 20.36% YoY	$4.622M 8.75% YoY	$4.250M -6.16% YoY	$4.529M 6.69% YoY
Selling, General & Admin	$69.94M 47.29% YoY	$47.49M 0.41% YoY	$47.29M 49.62% YoY	$31.61M 72.3% YoY	$18.34M 17.82% YoY
Research & Development	$50.73M 43.72% YoY	$35.30M -6.81% YoY	$37.88M 18.0% YoY	$32.10M 27.72% YoY	$25.13M 24.77% YoY
Depreciation & Amortization	$1.563M 40.94% YoY	$1.109M 5.22% YoY	$1.054M -25.93% YoY	$1.423M -7.24% YoY	$1.534M -18.66% YoY
Operating Expenses	$120.7M 45.77% YoY	$82.79M -2.8% YoY	$85.17M 33.68% YoY	$63.71M 1584.67% YoY	$3.782M 1001.84% YoY
Operating Profit	-$100.4M 29.97% YoY	-$77.22M -4.13% YoY	-$80.55M 35.47% YoY	-$59.46M -8055.74% YoY	$747.4K -80.85% YoY
Interest Expense	$19.94M -754.51% YoY	-$3.047M 8135.14% YoY	-$37.00K -100.8% YoY	$4.633M 3610.85% YoY	$124.9K 113.49% YoY
Other Income/Expense, Net	-$254.7M 282.1% YoY	-$66.66M 3026.45% YoY	-$2.132M -126.89% YoY	$7.929M -71.59% YoY	$27.91M -202.92% YoY
Pretax Income	-$355.1M 146.78% YoY	-$143.9M 73.95% YoY	-$82.72M 60.52% YoY	-$51.53M -312.44% YoY	$24.26M -188.5% YoY
Income Tax	$0.00 N/A	N/A	N/A	N/A	-$771.0K N/A
Net Earnings	-$355.1M 146.74% YoY	-$143.9M 73.97% YoY	-$82.72M 60.61% YoY	-$51.50M -312.41% YoY	$24.25M -188.47% YoY
Basic Earnings Per Share	-$1.11 48.0% YoY	-$0.75 25.0% YoY	-$0.60 39.53% YoY	-$0.43 72.0% YoY	-$0.25 212.5% YoY
Diluted Earnings Per Share	-$1.11 48.0% YoY	-$0.75 25.12% YoY	-$0.60 39.4% YoY	-$0.43 -100.0% YoY	$646.5K -184.55% YoY
COMMON SHARES	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	321.2M shares 67.18% YoY	192.1M shares 39.23% YoY	138.0M shares 15.33% YoY	119.6M shares -4.54% YoY	125.3M shares -1.43% YoY
Diluted Shares Outstanding	321.2M shares 67.18% YoY	192.1M shares 39.23% YoY	138.0M shares 15.33% YoY	119.6M shares -4.54% YoY	125.3M shares -1.43% YoY

Concept	2026 Q1	2025 Q4	2025 Q3	2025 Q2	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3
Revenue	$2.858M -80.95% YoY	$2.752M 19.19% YoY	$3.739M 99.95% YoY	$3.095M 41.78% YoY	$15.00M 508.56% YoY	$2.309M -20.54% YoY	$1.870M -27.01% YoY	$2.183M 27.89% YoY	$2.465M 55.72% YoY	$2.906M 21.34% YoY	$2.562M 51.15% YoY	$1.707M 24.51% YoY	$1.583M N/A	$2.395M N/A	$1.695M N/A	$1.371M 20.58% YoY	$0.00 N/A	$0.00 N/A	$0.00 N/A
Cost Of Revenue	$1.040M -7.47% YoY	$968.0K 15.79% YoY	$1.070M 29.38% YoY	$1.119M 40.75% YoY	$1.124M 39.45% YoY	$836.0K -10.97% YoY	$827.0K -19.94% YoY	$795.0K -20.66% YoY	$806.0K -30.64% YoY	$939.0K -11.83% YoY	$1.033M 69.62% YoY	$1.002M 70.99% YoY	$1.162M 98.97% YoY	$1.065M -39.14% YoY	$609.0K 98.37% YoY	$586.0K 30.8% YoY	$584.0K 95.97% YoY	$1.750M N/A	$307.0K N/A
Gross Profit	$1.818M -86.9% YoY	$1.784M 21.11% YoY	$2.669M 155.9% YoY	$1.976M 42.36% YoY	$13.88M 736.47% YoY	$1.473M -25.11% YoY	$1.043M -31.79% YoY	$1.388M 96.88% YoY	$1.659M 294.06% YoY	$1.967M 47.89% YoY	$1.529M 40.79% YoY	$705.0K -10.19% YoY	$421.0K -62.71% YoY	$1.330M -70.63% YoY	$1.086M 8.6% YoY	$785.0K 13.93% YoY	$1.129M 1.53% YoY	$4.529M N/A	$1.000M N/A
Selling, General & Admin	$30.75M 106.67% YoY	$22.95M 91.97% YoY	$16.33M 25.51% YoY	$15.78M 32.95% YoY	$14.88M 39.72% YoY	$11.95M 13.27% YoY	$13.01M 24.19% YoY	$11.87M -1.59% YoY	$10.65M -24.98% YoY	$10.55M -12.49% YoY	$10.48M 16.15% YoY	$12.06M 111.72% YoY	$14.20M 170.61% YoY	$12.06M -33.29% YoY	$9.020M 101.34% YoY	$5.698M 52.6% YoY	$5.246M 46.05% YoY	$18.08M N/A	$4.480M N/A
Research & Development	$25.79M 150.71% YoY	$13.68M 40.25% YoY	$14.08M 62.38% YoY	$12.69M 51.93% YoY	$10.29M 20.68% YoY	$9.752M 22.57% YoY	$8.668M -8.36% YoY	$8.355M -12.49% YoY	$8.525M -21.9% YoY	$7.956M -22.77% YoY	$9.459M 28.97% YoY	$9.548M 35.01% YoY	$10.92M 67.28% YoY	$10.30M -59.44% YoY	$7.334M 16.17% YoY	$7.072M 12.41% YoY	$6.525M 0.63% YoY	$25.40M N/A	$6.313M N/A
Depreciation & Amortization	$3.803M 911.44% YoY	$480.0K 51.9% YoY	$300.0K 50.0% YoY	$300.0K 50.0% YoY	$376.0K 64.19% YoY	$316.0K 41.07% YoY	$200.0K 0.0% YoY	$200.0K 0.0% YoY	$229.0K -32.45% YoY	$224.0K -41.82% YoY	$200.0K -40.83% YoY	$200.0K -35.28% YoY	$339.0K -17.72% YoY	$385.0K -74.9% YoY	$338.0K -13.99% YoY	$309.0K -10.17% YoY	$412.0K 7.29% YoY	$1.534M N/A	$393.0K N/A
Operating Expenses	$56.55M 124.67% YoY	$36.62M 68.73% YoY	$30.41M 40.25% YoY	$28.48M 40.79% YoY	$25.17M 31.25% YoY	$21.71M 17.27% YoY	$21.68M 8.74% YoY	$20.23M -6.41% YoY	$19.18M -23.64% YoY	$18.51M -17.23% YoY	$19.94M 21.9% YoY	$21.61M 69.24% YoY	$25.11M 1048.04% YoY	$22.36M 2658.34% YoY	$16.35M 997.75% YoY	$12.77M 27.38% YoY	$2.187M 179.75% YoY	$810.7K N/A	$1.490M N/A
Operating Profit	-$54.73M 384.7% YoY	-$34.84M 72.2% YoY	-$27.74M 34.41% YoY	-$26.50M 40.68% YoY	-$11.29M -35.54% YoY	-$20.23M 22.31% YoY	-$20.64M 12.11% YoY	-$18.84M -9.89% YoY	-$17.52M -29.06% YoY	-$16.54M -21.34% YoY	-$18.41M 20.56% YoY	-$20.91M 74.44% YoY	-$24.69M 2233.01% YoY	-$21.03M -665.6% YoY	-$15.27M 55.91% YoY	-$11.99M 28.37% YoY	-$1.058M -420.57% YoY	$3.718M N/A	-$9.793M N/A
Interest Expense	$7.406M -3376.99% YoY	$19.73M -4719.67% YoY	$649.0K -123.63% YoY	-$206.0K -87.06% YoY	-$226.0K -113.15% YoY	-$427.0K -123.92% YoY	-$2.747M -710.44% YoY	-$1.592M 40.88% YoY	$1.719M 278.63% YoY	$1.785M -78.23% YoY	$450.0K -66.32% YoY	-$1.130M -164.72% YoY	$454.0K 878.87% YoY	$8.198M -129.8% YoY	$1.336M -88.95% YoY	$1.746M 743.48% YoY	$46.38K -22.56% YoY	-$27.51M N/A	$12.09M N/A
Other Income/Expense, Net	$7.918M 34.89% YoY	-$27.21M -58.4% YoY	-$112.3M 5307.03% YoY	-$140.8M -13373.04% YoY	$5.870M 2777.45% YoY	-$65.42M 5104.3% YoY	-$2.076M -180.53% YoY	$1.061M -121.26% YoY	$204.0K 148.78% YoY	-$1.257M -2956.82% YoY	$2.578M 16.39% YoY	-$4.991M 311.46% YoY	$82.00K -106.4% YoY	$44.00K -99.84% YoY	$2.215M -57187.63% YoY	-$1.213M -125.99% YoY	-$1.282M -107.95% YoY	$27.92M N/A	-$3.880K N/A
Pretax Income	-$46.81M 763.48% YoY	-$42.33M -50.83% YoY	-$140.0M 516.35% YoY	-$167.3M 841.21% YoY	-$5.421M -68.69% YoY	-$86.08M 437.51% YoY	-$22.71M 43.47% YoY	-$17.78M -31.36% YoY	-$17.31M -29.65% YoY	-$16.01M 25.22% YoY	-$15.83M 21.27% YoY	-$25.90M 96.24% YoY	-$24.61M 619.01% YoY	-$12.79M 3091.19% YoY	-$13.05M -223.23% YoY	-$13.20M 889.38% YoY	-$3.423M -122.23% YoY	-$400.8K N/A	$10.59M N/A
Income Tax	-$28.45M N/A	N/A	N/A	N/A	$0.00 N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$10.42K N/A	N/A
Net Earnings	-$18.36M 238.63% YoY	-$42.33M -50.83% YoY	-$140.0M 516.68% YoY	-$167.3M 840.05% YoY	-$5.421M -68.66% YoY	-$86.08M 437.51% YoY	-$22.70M 43.67% YoY	-$17.80M -31.27% YoY	-$17.30M -29.67% YoY	-$16.01M 25.22% YoY	-$15.80M 20.61% YoY	-$25.90M 96.24% YoY	-$24.60M 618.77% YoY	-$12.79M 3010.32% YoY	-$13.10M -223.67% YoY	-$13.20M 182.73% YoY	-$3.423M -122.23% YoY	-$411.2K N/A	$10.59M N/A
Basic Earnings Per Share	-$0.05 150.0% YoY	N/A	-$0.41 272.73% YoY	-$0.55 450.0% YoY	-$0.02 -81.82% YoY	N/A	-$0.11 -8.33% YoY	-$0.10 -50.0% YoY	-$0.11 -45.0% YoY	N/A	-$0.12 9.09% YoY	-$0.20 66.67% YoY	-$0.20 122.22% YoY	N/A	-$0.11 266.67% YoY	-$0.12 200.0% YoY	-$0.09 N/A	N/A	-$0.03 N/A
Diluted Earnings Per Share	-$0.05 150.0% YoY	-$0.12 -67.75% YoY	-$0.41 272.73% YoY	-$0.55 450.0% YoY	-$0.02 -81.82% YoY	-$0.37 263.73% YoY	-$0.11 -8.33% YoY	-$0.10 -50.0% YoY	-$0.11 -45.0% YoY	-$0.10 -11.49% YoY	-$0.12 9.09% YoY	-$0.20 66.67% YoY	-$0.20 -100.0% YoY	-$0.11 -100.0% YoY	-$0.11 -100.0% YoY	-$0.12 200.0% YoY	-$91.27K -122.23% YoY	-$10.96K N/A	$282.5K N/A
COMMON SHARES	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Basic Shares Outstanding	366.7M shares 27.43% YoY	346.7M shares 92.35% YoY	338.6M shares 114.76% YoY	288.7M shares 128.42% YoY	287.8M shares 146.42% YoY	180.3M shares 58.95% YoY	157.7M shares 59.42% YoY	126.4M shares 56.8% YoY	116.8M shares 45.28% YoY	113.4M shares 79.73% YoY	98.90M shares 60.56% YoY	80.60M shares -28.05% YoY	80.39M shares -35.89% YoY	63.10M shares N/A	61.60M shares -50.86% YoY	112.0M shares 0.13% YoY	125.4M shares N/A	N/A	125.4M shares N/A
Diluted Shares Outstanding	367.5M shares 28.3% YoY	N/A	342.2M shares 69.76% YoY	302.3M shares 75.61% YoY	286.4M shares 77.56% YoY	N/A	201.6M shares 51.32% YoY	172.1M shares 35.18% YoY	161.3M shares 30.99% YoY	N/A	133.2M shares 14.59% YoY	127.3M shares 13.67% YoY	123.1M shares -1.79% YoY	N/A	116.3M shares -7.26% YoY	112.0M shares 0.13% YoY	125.4M shares N/A	N/A	125.4M shares N/A

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