2022 Q4 Form 10-Q Financial Statement

#000190798222000014 Filed on November 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $2.395M $1.695M $0.00
YoY Change
Cost Of Revenue $1.065M $609.0K $307.0K
YoY Change -39.14% 98.37%
Gross Profit $1.330M $1.086M $1.000M
YoY Change -70.63% 8.6%
Gross Profit Margin 55.53% 64.07%
Selling, General & Admin $12.06M $9.020M $4.480M
YoY Change -33.29% 101.34%
% of Gross Profit 906.69% 830.57% 448.0%
Research & Development $10.30M $7.334M $6.313M
YoY Change -59.44% 16.17%
% of Gross Profit 774.59% 675.32% 631.3%
Depreciation & Amortization $385.0K $338.0K $393.0K
YoY Change -74.9% -13.99%
% of Gross Profit 28.95% 31.12% 39.3%
Operating Expenses $22.36M $16.35M $1.490M
YoY Change 2658.34% 997.75%
Operating Profit -$21.03M -$15.27M -$9.793M
YoY Change -665.6% 55.91%
Interest Expense $8.198M $1.336M $12.09M
YoY Change -129.8% -88.95%
% of Operating Profit
Other Income/Expense, Net $44.00K $2.215M -$3.880K
YoY Change -99.84% -57187.63%
Pretax Income -$12.79M -$13.05M $10.59M
YoY Change 3091.19% -223.23%
Income Tax
% Of Pretax Income
Net Earnings -$12.79M -$13.10M $10.59M
YoY Change 3010.32% -223.67%
Net Earnings / Revenue -533.99% -772.86%
Basic Earnings Per Share -$0.11 -$0.03
Diluted Earnings Per Share -$0.11 -$0.11 $282.5K
COMMON SHARES
Basic Shares Outstanding 63.10M shares 61.60M shares 125.4M shares
Diluted Shares Outstanding 116.3M shares 125.4M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.065M $13.76M $248.6K
YoY Change 5564.69% 5437.05%
Cash & Equivalents $7.065M $13.76M $8.045M
Short-Term Investments
Other Short-Term Assets $3.643M $8.190M $257.7K
YoY Change 1967.3% 3078.48%
Inventory $2.196M $2.533M
Prepaid Expenses
Receivables $757.0K $740.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $13.93M $26.28M $506.3K
YoY Change -27.31% 5090.91%
LONG-TERM ASSETS
Property, Plant & Equipment $2.294M $2.537M
YoY Change -29.39%
Goodwill
YoY Change
Intangibles $244.0K $262.0K
YoY Change -10.29%
Long-Term Investments $300.1M
YoY Change
Other Assets $1.351M $1.345M
YoY Change -0.15%
Total Long-Term Assets $13.02M $12.21M $300.1M
YoY Change -3.2% -95.93%
TOTAL ASSETS
Total Short-Term Assets $13.93M $26.28M $506.3K
Total Long-Term Assets $13.02M $12.21M $300.1M
Total Assets $26.95M $38.49M $300.7M
YoY Change -17.37% -87.2%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.215M $3.158M $2.273M
YoY Change 115.12% 38.92%
Accrued Expenses $6.687M $5.318M
YoY Change 85.03%
Deferred Revenue $1.781M $1.989M
YoY Change -33.17%
Short-Term Debt $420.0K $420.0K $0.00
YoY Change
Long-Term Debt Due $1.671M $2.232M
YoY Change 659.55%
Total Short-Term Liabilities $15.85M $14.58M $2.273M
YoY Change 53.94% 541.27%
LONG-TERM LIABILITIES
Long-Term Debt $7.811M $12.91M $0.00
YoY Change -36.15%
Other Long-Term Liabilities $0.00 $0.00 $21.66M
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $7.811M $12.91M $21.66M
YoY Change -36.24% -40.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $15.85M $14.58M $2.273M
Total Long-Term Liabilities $7.811M $12.91M $21.66M
Total Liabilities $32.86M $39.20M $23.93M
YoY Change 11.05% 63.78%
SHAREHOLDERS EQUITY
Retained Earnings -$376.8M -$363.1M
YoY Change 15.84%
Common Stock $11.00K $11.00K
YoY Change -99.58%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$5.914M -$710.0K $276.7M
YoY Change
Total Liabilities & Shareholders Equity $26.95M $38.49M $300.7M
YoY Change -17.37% -87.2%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$12.79M -$13.10M $10.59M
YoY Change 3010.32% -223.67%
Depreciation, Depletion And Amortization $385.0K $338.0K $393.0K
YoY Change -74.9% -13.99%
Cash From Operating Activities -$10.89M -$12.77M -$89.10K
YoY Change 7697.59% 14233.33%
INVESTING ACTIVITIES
Capital Expenditures $182.0K -$98.00K
YoY Change -109.1%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$182.0K -$98.00K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.298M 16.13M -15.75K
YoY Change 27188.89% -102531.75%
NET CHANGE
Cash From Operating Activities -10.89M -12.77M -89.10K
Cash From Investing Activities -182.0K -98.00K
Cash From Financing Activities 4.298M 16.13M -15.75K
Net Change In Cash -6.771M 3.264M -104.8K
YoY Change 5366.21% -3213.02%
FREE CASH FLOW
Cash From Operating Activities -$10.89M -$12.77M -$89.10K
Capital Expenditures $182.0K -$98.00K
Free Cash Flow -$11.07M -$12.67M
YoY Change -695.31%

Facts In Submission

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OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
56000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-13053000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
17053000 usd
CY2021Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
225000 usd
CY2021Q3 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
29000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-4209000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
13097000 usd
CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
3020000 usd
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
0 usd
qbts Stock Issued During Period Value Reverse Recapitalization
StockIssuedDuringPeriodValueReverseRecapitalization
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us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
72000 usd
qbts Stock Issued During Period Value Exercise Of Warrants
StockIssuedDuringPeriodValueExerciseOfWarrants
910000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3695000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
18000 usd
us-gaap Net Income Loss
NetIncomeLoss
-37868000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
-710000 usd
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
30237000 usd
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
-30000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
555000 usd
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
40000 usd
us-gaap Net Income Loss
NetIncomeLoss
-17705000 usd
CY2021Q3 us-gaap Stockholders Equity
StockholdersEquity
13097000 usd
us-gaap Net Income Loss
NetIncomeLoss
-37868000 usd
us-gaap Net Income Loss
NetIncomeLoss
-17705000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1038000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1135000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
1000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3695000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
555000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
590000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
764000 usd
us-gaap Inventory Write Down
InventoryWriteDown
265000 usd
us-gaap Inventory Write Down
InventoryWriteDown
215000 usd
qbts Noncash Interest Expense
NoncashInterestExpense
1902000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1226000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-15000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
320000 usd
qbts Noncash Interest Expense
NoncashInterestExpense
601000 usd
qbts Debt Instrument Noncash Interest And Final Payment Fee
DebtInstrumentNoncashInterestAndFinalPaymentFee
1808000 usd
qbts Debt Instrument Noncash Interest And Final Payment Fee
DebtInstrumentNoncashInterestAndFinalPaymentFee
0 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
0 usd
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
9135000 usd
qbts Non Cash Lease Expense
NonCashLeaseExpense
0 usd
qbts Non Cash Lease Expense
NonCashLeaseExpense
-756000 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
0 usd
us-gaap Gain Loss On Investments
GainLossOnInvestments
1164000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
334000 usd
qbts Increase Decrease In Research Incentives Receivable
IncreaseDecreaseInResearchIncentivesReceivable
-579000 usd
qbts Increase Decrease In Research Incentives Receivable
IncreaseDecreaseInResearchIncentivesReceivable
10374000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
684000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
29000 usd
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-1250000 usd
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
0 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7074000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
929000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
1049000 usd
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1081000 usd
qbts Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
97000 usd
qbts Increase Decrease In Operating Lease Right Of Use Assets
IncreaseDecreaseInOperatingLeaseRightOfUseAssets
0 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1704000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-313000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-730000 usd
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-148000 usd
qbts Increase Decrease In Loan Program Payable
IncreaseDecreaseInLoanProgramPayable
0 usd
qbts Increase Decrease In Loan Program Payable
IncreaseDecreaseInLoanProgramPayable
11068000 usd
us-gaap Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
2893000 usd
us-gaap Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
0 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-442000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
0 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-34270000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-27615000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
249000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1493000 usd
us-gaap Payments For Software
PaymentsForSoftware
67000 usd
us-gaap Payments For Software
PaymentsForSoftware
214000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-316000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1707000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
40000000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
qbts Reverse Recapitalization Net Of Redemption And Transaction Costs
ReverseRecapitalizationNetOfRedemptionAndTransactionCosts
4100000 usd
qbts Reverse Recapitalization Net Of Redemption And Transaction Costs
ReverseRecapitalizationNetOfRedemptionAndTransactionCosts
0 usd
qbts Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
6528000 usd
qbts Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
0 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
910000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
420000 usd
us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
0 usd
qbts Proceeds From Government Assistance
ProceedsFromGovernmentAssistance
3124000 usd
qbts Proceeds From Government Assistance
ProceedsFromGovernmentAssistance
16346000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
72000 usd
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
66000 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
19870000 usd
us-gaap Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
0 usd
qbts Payments For Directors And Officers Insurance
PaymentsForDirectorsAndOfficersInsurance
864000 usd
qbts Payments For Directors And Officers Insurance
PaymentsForDirectorsAndOfficersInsurance
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
20000000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
23000 usd
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
1808000 usd
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 usd
qbts Payments Of Government Loans
PaymentsOfGovernmentLoans
398000 usd
qbts Payments Of Government Loans
PaymentsOfGovernmentLoans
399000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
38898000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15990000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-31000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
42000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4281000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-13290000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9483000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
21335000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13764000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8045000 usd
qbts Warrants Issued
WarrantsIssued
8101000 usd
qbts Warrants Issued
WarrantsIssued
0 usd
qbts Reverse Recapitalization Noncash Financing
ReverseRecapitalizationNoncashFinancing
11400000 usd
qbts Reverse Recapitalization Noncash Financing
ReverseRecapitalizationNoncashFinancing
0 usd
us-gaap Stock Issued1
StockIssued1
3271000 usd
us-gaap Stock Issued1
StockIssued1
0 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
189871000 usd
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
0 usd
us-gaap Nature Of Operations
NatureOfOperations
Description of business<div style="margin-bottom:0.11pt;margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">D-Wave Quantum Inc. ("D-Wave" or the “Company”) was incorporated as a corporation organized and existing under the General Corporation Law of the State of the Delaware on January 24, 2022. The Company was formed for the purpose of effecting a merger between DPCM Capital, Inc. (“DPCM”), D-Wave Systems Inc. (“D-Wave Systems”), and certain other affiliated entities through a series of transactions (the “Business Combination”) pursuant to the definitive agreement entered into on February 7, 2022 (the “Transaction Agreement”). On August 5, 2022, in conjunction with the Business Combination, DPCM and D-Wave Systems became wholly-owned subsidiaries of, and are operated by, the Company. Upon the completion of the Business Combination, the Company succeeded to all of the operations of its predecessor, D-Wave Systems. </span></div><div style="margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For the three and nine month periods ended September 30, 2022 and 2021, the Company’s revenue was derived primarily from customers located in the United States, Japan, and Germany.</span></div>
CY2022Q3 qbts Number Of Board Members
NumberOfBoardMembers
7 board_member
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-363100000 usd
CY2022Q3 qbts Working Capital Deficit
WorkingCapitalDeficit
-11700000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-13100000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
-4200000 usd
us-gaap Net Income Loss
NetIncomeLoss
-37900000 usd
us-gaap Net Income Loss
NetIncomeLoss
-17700000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-34300000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-27600000 usd
CY2022Q3 us-gaap Cash
Cash
13800000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
CY2022Q3 qbts Cash Acquired Through Reverse Recapitalization And Proceeds From Issuance Of Private Placement
CashAcquiredThroughReverseRecapitalizationAndProceedsFromIssuanceOfPrivatePlacement
49000000 usd
CY2022Q2 qbts Equity Line Of Credit Right To Sell Common Stock
EquityLineOfCreditRightToSellCommonStock
150000000 usd
CY2022Q2 qbts Equity Line Of Credit Ownership Restriction Percentage
EquityLineOfCreditOwnershipRestrictionPercentage
0.099
CY2022Q2 qbts Equity Line Of Credit Floor Stock Price
EquityLineOfCreditFloorStockPrice
1.00
us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:100%">Use of estimates</span></div><div style="margin-top:6pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses and the disclosure of contingent assets and liabilities in the Company’s condensed consolidated financial statements and accompanying notes as of the date of the condensed consolidated financial statements. These estimates and assumptions are based on current facts, historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the recording of expenses that are not readily apparent from other sources. On an ongoing basis, management evaluates its estimates as there are changes in circumstances, facts, and experience.</span></div>The Company’s accounting estimates and assumptions may change over time in response to COVID-19 and the change could be material in future periods. As of the date of issuance of these condensed consolidated financial statements, the Company is not aware of any specific event or circumstances that would require the Company to update estimates, judgments or revise the carrying value of any assets or liabilities. Actual results may differ from those estimates or assumptions.
CY2022Q3 qbts Class Of Warrant Or Right Cap On Issuable Number Of Shares Ratio
ClassOfWarrantOrRightCapOnIssuableNumberOfSharesRatio
0.361
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
956000 usd
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
29000 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
1322000 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
538000 usd
CY2022Q3 us-gaap Cash
Cash
13800000 usd
CY2021Q4 us-gaap Cash
Cash
9500000 usd
CY2022Q3 qbts Equity Securities Without Readily Determinable Fair Value Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueFairValueAmount
10200000 cad
CY2021Q4 qbts Equity Securities Without Readily Determinable Fair Value Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueFairValueAmount
10200000 cad
CY2022Q3 qbts Equity Securities Without Readily Determinable Fair Value Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueFairValueAmount
1200000 usd
CY2021Q4 qbts Equity Securities Without Readily Determinable Fair Value Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueFairValueAmount
279000 usd
CY2022Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
1200000 usd
CY2021Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
5000 usd
CY2022Q3 qbts Class Of Warrant Or Right Quoted Price
ClassOfWarrantOrRightQuotedPrice
0.31
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
17920898 shares
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentration riskAgreements which potentially subject the Company to concentration risk consist principally of two to three customer agreements.
CY2022Q3 qbts Scientific Research And Experimental Development Investment Tax Credit
ScientificResearchAndExperimentalDevelopmentInvestmentTaxCredit
100000 usd
CY2021Q3 qbts Scientific Research And Experimental Development Investment Tax Credit
ScientificResearchAndExperimentalDevelopmentInvestmentTaxCredit
500000 usd
qbts Scientific Research And Experimental Development Investment Tax Credit
ScientificResearchAndExperimentalDevelopmentInvestmentTaxCredit
1000000 usd
qbts Scientific Research And Experimental Development Investment Tax Credit
ScientificResearchAndExperimentalDevelopmentInvestmentTaxCredit
1200000 usd
CY2022Q3 qbts Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
1.4541326
CY2022Q3 qbts Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
1.4541326
CY2022Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
10.00
CY2022Q3 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
40000000.0 usd
CY2022Q3 qbts Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
21400000 usd
CY2022Q3 qbts Cash Acquired Through Reverse Recapitalization
CashAcquiredThroughReverseRecapitalization
9130000 usd
CY2022Q3 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
40000000 usd
CY2022Q3 us-gaap Repayments Of Assumed Debt
RepaymentsOfAssumedDebt
13728000 usd
CY2022Q3 qbts Payments Of Reverse Recapitalization Transaction Costs
PaymentsOfReverseRecapitalizationTransactionCosts
14017000 usd
CY2022Q3 qbts Proceeds From Reverse Recapitalization Transaction
ProceedsFromReverseRecapitalizationTransaction
21385000 usd
CY2022Q3 qbts Reverse Recapitalization Liabilities Assumed
ReverseRecapitalizationLiabilitiesAssumed
13728000 usd
CY2022Q3 qbts Reverse Recapitalization Accrued Transaction Costs
ReverseRecapitalizationAccruedTransactionCosts
2459000 usd
CY2022Q3 qbts Reverse Recapitalization Net
ReverseRecapitalizationNet
37572000 usd
CY2022Q3 qbts Stock Issued During Period Shares New Issues And Reverse Recapitalization
StockIssuedDuringPeriodSharesNewIssuesAndReverseRecapitalization
10144040 shares
CY2022Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
110007972 shares
CY2022Q3 qbts Common Stock Cumulative Shares Forfeited
CommonStockCumulativeSharesForfeited
4484425 shares
CY2022Q3 qbts Reverse Recapitalization Conversion Ratio
ReverseRecapitalizationConversionRatio
0.889657
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1695000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1307000 usd
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1695000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1307000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4778000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3853000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4778000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3853000 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
740000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
421000 usd
CY2022Q3 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
252000 usd
CY2021Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
17000 usd
CY2022Q3 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
992000 usd
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
438000 usd
CY2022Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1989000 usd
CY2021Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
2665000 usd
CY2022Q3 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
0 usd
CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
54000 usd
CY2022Q3 qbts Contract With Customer Deposit Liability
ContractWithCustomerDepositLiability
21000 usd
CY2021Q4 qbts Contract With Customer Deposit Liability
ContractWithCustomerDepositLiability
21000 usd
CY2022Q3 qbts Contract With Customer Liability And Deposit
ContractWithCustomerLiabilityAndDeposit
2010000 usd
CY2021Q4 qbts Contract With Customer Liability And Deposit
ContractWithCustomerLiabilityAndDeposit
2740000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2719000 usd
CY2020Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
4713000 usd
qbts Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
3554000 usd
CY2021 qbts Contract With Customer Liability Additions
ContractWithCustomerLiabilityAdditions
4092000 usd
qbts Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
4284000 usd
CY2021 qbts Contract With Customer Liability Revenue Recognized Including Opening Balance
ContractWithCustomerLiabilityRevenueRecognizedIncludingOpeningBalance
6086000 usd
CY2021Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1108000 usd
CY2022Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
113000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1989000 usd
CY2021Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
2719000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2000000 usd
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.99
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
2700000 usd
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.98
CY2021Q4 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
P12M
CY2022Q3 qbts Accrued Transaction Costs Current
AccruedTransactionCostsCurrent
2459000 usd
CY2021Q4 qbts Accrued Transaction Costs Current
AccruedTransactionCostsCurrent
0 usd
CY2022Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1010000 usd
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
1953000 usd
CY2022Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1438000 usd
CY2022Q3 qbts Prepaid Software Current
PrepaidSoftwareCurrent
1027000 usd
CY2021Q4 qbts Prepaid Software Current
PrepaidSoftwareCurrent
531000 usd
CY2022Q3 us-gaap Prepaid Rent
PrepaidRent
121000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
318000 usd
CY2022Q3 qbts Accrued Payroll Expenses Current
AccruedPayrollExpensesCurrent
247000 usd
CY2021Q4 qbts Accrued Payroll Expenses Current
AccruedPayrollExpensesCurrent
175000 usd
CY2022Q3 qbts Contract With Customer Deposit Liability Current
ContractWithCustomerDepositLiabilityCurrent
21000 usd
CY2021Q4 qbts Contract With Customer Deposit Liability Current
ContractWithCustomerDepositLiabilityCurrent
21000 usd
CY2022Q3 qbts Financing Liability Current
FinancingLiabilityCurrent
30000 usd
CY2021Q4 qbts Financing Liability Current
FinancingLiabilityCurrent
39000 usd
CY2022Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
5318000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3614000 usd
CY2022Q3 qbts Prepaid Commitment Fee Current
PrepaidCommitmentFeeCurrent
3279000 usd
CY2021Q4 qbts Prepaid Commitment Fee Current
PrepaidCommitmentFeeCurrent
0 usd
CY2022Q3 qbts Prepaid Services Current
PrepaidServicesCurrent
1319000 usd
CY2021Q4 qbts Prepaid Services Current
PrepaidServicesCurrent
125000 usd
CY2021Q4 us-gaap Prepaid Rent
PrepaidRent
151000 usd
CY2022Q3 qbts Prepaid Commissions Current
PrepaidCommissionsCurrent
117000 usd
CY2021Q4 qbts Prepaid Commissions Current
PrepaidCommissionsCurrent
84000 usd
CY2022Q3 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
11000 usd
CY2021Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
156000 usd
CY2022Q3 qbts Directors And Officers Insurance Current
DirectorsAndOfficersInsuranceCurrent
2028000 usd
CY2021Q4 qbts Directors And Officers Insurance Current
DirectorsAndOfficersInsuranceCurrent
0 usd
CY2022Q3 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
252000 usd
CY2021Q4 us-gaap Unbilled Receivables Current
UnbilledReceivablesCurrent
17000 usd
CY2022Q3 us-gaap Deposits Assets Current
DepositsAssetsCurrent
36000 usd
CY2021Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
52000 usd
CY2022Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
8190000 usd
CY2021Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1116000 usd
CY2022Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
25299000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
25050000 usd
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
22762000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
21801000 usd
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2537000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
3249000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
338000 usd
CY2021Q3 us-gaap Depreciation
Depreciation
393000 usd
us-gaap Depreciation
Depreciation
1000000.0 usd
us-gaap Depreciation
Depreciation
1100000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
29844000 usd
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
13624000 usd
CY2021 qbts Proceeds From Issuance Of Long Term Debt Gross
ProceedsFromIssuanceOfLongTermDebtGross
16786000 usd
us-gaap Interest Expense Debt
InterestExpenseDebt
1808000 usd
qbts Debt Instrument Foreign Exchange Gain Loss
DebtInstrumentForeignExchangeGainLoss
1948000 usd
CY2021 qbts Debt Instrument Foreign Exchange Gain Loss
DebtInstrumentForeignExchangeGainLoss
167000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
29527000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
29844000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
17391000 usd
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
11948000 usd
CY2021 qbts Debt Instrument Discount
DebtInstrumentDiscount
7167000 usd
qbts Debt Instrument Discount
DebtInstrumentDiscount
130000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1902000 usd
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1728000 usd
qbts Debt Instrument Discount Foreign Exchange Gain Loss
DebtInstrumentDiscountForeignExchangeGainLoss
-1236000 usd
CY2021 qbts Debt Instrument Discount Foreign Exchange Gain Loss
DebtInstrumentDiscountForeignExchangeGainLoss
4000 usd
CY2022Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
14383000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
17391000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
15144000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
12453000 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
2232000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
220000 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
12912000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
12233000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
15144000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
12453000 usd
qbts Class Of Warrant Or Right Exercised
ClassOfWarrantOrRightExercised
79102 shares
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
900000 usd
qbts Stock Issued During Period Shares Exercise Of Warrants
StockIssuedDuringPeriodSharesExerciseOfWarrants
115025 shares
CY2022Q3 qbts Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
1.4541326
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
17920898 shares
CY2022Q3 qbts Class Of Warrant Or Right Exercise Price Of Warrants Or Rights Prior To Exchange Ratio
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRightsPriorToExchangeRatio
11.50
CY2022Q3 qbts Recapitalization Exchange Ratio
RecapitalizationExchangeRatio
1.4541326
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
7.91
CY2022Q3 qbts Class Of Warrant Or Right Redemption Price
ClassOfWarrantOrRightRedemptionPrice
0.10
qbts Class Of Warrant Or Right Redemption Notice Period
ClassOfWarrantOrRightRedemptionNoticePeriod
P30D
qbts Class Of Warrant Or Right Redemption Share Price Threshold Trading Days
ClassOfWarrantOrRightRedemptionSharePriceThresholdTradingDays
20 day
qbts Class Of Warrant Or Right Redemption Share Price Threshold Consecutive Trading Days
ClassOfWarrantOrRightRedemptionSharePriceThresholdConsecutiveTradingDays
P30D
CY2022Q3 us-gaap Sale Of Stock Price Per Share
SaleOfStockPricePerShare
10.00
qbts Class Of Warrant Or Right Reference Value
ClassOfWarrantOrRightReferenceValue
18.00
qbts Class Of Warrant Or Right Redemption Notice Period
ClassOfWarrantOrRightRedemptionNoticePeriod
P30D
CY2022Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
16965849 shares
qbts Share Based Compensation Arrangement By Share Based Payment Award Period Over Which Shares Reserved For Issuance Increases
ShareBasedCompensationArrangementByShareBasedPaymentAwardPeriodOverWhichSharesReservedForIssuanceIncreases
P9Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Percentage Of Outstanding Stock Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardPercentageOfOutstandingStockMaximum
0.05
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
174378 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
16336134 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.81
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y6M18D
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
80179000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1500081 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
10.07
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.81
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
944087 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.81
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
28981 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0.81
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
16688769 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.64
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y11M15D
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
74546000 usd
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
12128516 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.84
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y2M12D
CY2022Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
59344000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.1
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.36
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
6564103 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
812329 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2027000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
225000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3695000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
555000 usd
CY2021Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P10Y6M
CY2021Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6800000 usd
CY2022Q3 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P12M
CY2022Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
200000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13053000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-13053000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4209000 usd
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4209000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
116256805 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
116256805 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125362390 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125362390 shares
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.11
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.11
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-37868000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-37868000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-17705000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-17705000 usd
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122337727 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122337727 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125331065 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125331065 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.31
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
43795751 shares
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17498091 shares
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1695000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1307000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
4778000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3853000 usd
CY2022Q3 us-gaap Noncurrent Assets
NoncurrentAssets
10603000 usd
CY2021Q4 us-gaap Noncurrent Assets
NoncurrentAssets
11827000 usd

Files In Submission

Name View Source Status
qbts-20220930_cal.xml Edgar Link unprocessable
0001907982-22-000014-index-headers.html Edgar Link pending
0001907982-22-000014-index.html Edgar Link pending
0001907982-22-000014.txt Edgar Link pending
0001907982-22-000014-xbrl.zip Edgar Link pending
exhibit311-q32022.htm Edgar Link pending
exhibit312-q32022.htm Edgar Link pending
exhibit321-q32022.htm Edgar Link pending
exhibit322-q32022.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
qbts-20220930.htm Edgar Link pending
qbts-20220930.xsd Edgar Link pending
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qbts-20220930_def.xml Edgar Link unprocessable
qbts-20220930_lab.xml Edgar Link unprocessable
qbts-20220930_pre.xml Edgar Link unprocessable
qbts-20220930_htm.xml Edgar Link completed
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report.css Edgar Link pending
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