NYSE$QBTS

D-Wave Quantum Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

D-Wave Quantum reported Q4 2024 revenue of $8.8M, a net loss of $86.1M, diluted EPS of $-0.37.

For Q4 2024, D-Wave Quantum reported Revenue was $8.8M, net loss was $86.1M, diluted EPS was $-0.37. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $8.8M for Q4 2024.
  • Net loss $86.1M.
  • Diluted EPS $-0.37.

Headline financials

Total Revenue

$8.8M

Previous: $2.91M+202.8%
EPS (adj)

-$0.37

Previous: -$0.10-270.0%
Q4 Bookings

$18.3M

Previous: $3M+510.0%
Non-GAAP Gross Margin

73.0%

No prior period
GAAP Gross Margin

63.8%

No prior period
Adjusted EBITDA Loss

-$15.3M

No prior period
Net Income

-$86.1M

Previous: -$16M-437.5%
Operating Income

-$20.2M

Previous: -$16.5M-22.3%
Gross Profit

$1.47M

Previous: $1.97M-25.1%

Revenue & EPS history

D-Wave · Revenue · Quarterly

$8.8M

Q4 2024+202.8%vs Q4 2023
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Forward guidance

Outlook emphasizes clinical milestones, liquidity runway, and operating expense discipline.

Tailwinds

  • Pipeline progress and partnership economics.
  • Cash supports near-term operating plans.

Headwinds

  • Operating losses until commercial scale.
  • Financing and trial outcomes affect funding costs.

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 Q4 2024

Historical avgQ4 2024

+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%

Discussion

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