D-WAVE QUANTUM INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | $-355.1M | $-143.9M | $-82.7M | $-53.7M | $-41.0M | $-22.0M |
| Depreciation & Amortization | $1.6M | $1.1M | $1.1M | $1.4M | $1.5M | $1.9M |
| Depreciation | $1.4M | $1.0M | $900.0K | $1.3M | $1.4M | $1.9M |
| Amortization | $200.0K | $100.0K | $100.0K | $100.0K | $100.0K | $100.0K |
| Stock-Based Compensation | $22.7M | $15.7M | $21.9M | $9.2M | $1.7M | $3.0M |
| Net Cash from Operating Activities | $-72.0M | $-42.6M | $-60.6M | $-45.2M | $-34.8M | $-29.3M |
| Investing Activities | ||||||
| Capital Expenditures | $3.9M | $2.1M | $583.0K | $423.0K | $1.8M | $736.0K |
| Business Acquisitions | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-251.1M | $-3.1M | $-630.0K | $-498.0K | $-2.0M | $-789.0K |
| Financing Activities | ||||||
| Dividends Paid | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — |
| Net Cash from Financing Activities | $779.1M | $182.5M | $95.6M | $43.3M | $24.9M | $43.1M |
| Net Change in Cash | $457.4M | $136.7M | $34.2M | $-2.4M | $-11.9M | $13.1M |
| Free Cash Flow | $-75.8M | $-44.7M | $-61.2M | $-45.6M | $-36.6M | $-30.0M |