NYSE$QBTS

D-Wave Quantum Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Headline financials

Total Revenue

$1.58M

Previous: $1.71M-7.6%
EPS (adj)

-$0.20

Previous: -$0.09-122.2%
Q4 Bookings

$2.9M

No prior period
Non-GAAP Gross Margin

53.8%

No prior period
GAAP Gross Margin

26.6%

No prior period
Capital Expenditures

-$64K

Previous: $123K-152.0%
Free Cash Flow

-$24.7M

Previous: -$9.63M-156.1%
Net Income

-$24.6M

Previous: -$12.6M-95.5%
Operating Income

-$24.7M

Previous: -$10.6M-132.0%
Gross Profit

$421K

Previous: $1.13M-62.7%
Cash & Equivalents

$8.99M

Previous: $17.7M-49.1%
Total Assets

$27.5M

No prior period
Stock-Based Comp

$6.76M

Previous: $783K+762.7%

Revenue & EPS history

D-Wave · Revenue · Quarterly

$1.58M

Q1 2023-7.6%vs Q1 2022
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+7.2%

Avg return

Earnings day

+9.5%

Avg return

5 days after

+27.5%

Avg return

30 days after

48%

10 / 21 earnings

Positive

+67.2%

Q1 2022

Best reaction

-21.6%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-9.8%-17.7%-3.0%
Q4 2025-0.6%-7.2%-29.3%
Q3 2025-10.2%-6.5%-13.0%
Q1 2025+51.6%+55.7%+170.2%
Q4 2024+18.7%+85.6%+24.6%
Q3 2024-7.9%-16.3%+180.9%
Q2 2024+4.0%+17.0%+8.6%
Q1 2024+7.7%+0.0%-10.8%
Q4 2023-5.2%-12.4%-31.4%
Q3 2023-16.0%-4.4%+22.4%
Q2 2023-14.2%-11.2%-46.1%
Q1 2023+67.2%+80.3%+208.2%
Q1 2022+67.2%+80.3%+208.2%
Q4 2020+21.0%+12.0%+12.0%
Q4 2022-21.6%-5.2%-36.7%
Q3 2021+9.1%+4.0%-8.3%
Q3 2022+9.1%+4.0%-8.3%
Q4 2021-8.6%-21.7%-24.6%
Q2 2021-8.6%-21.7%-24.6%
Q2 2022-3.1%-16.4%-22.2%
Q1 2021+1.7%+1.8%+1.4%

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