Key Takeaways D-Wave's cash and assets surged in 2025, with $819.3M in cash and low near-term liabilities.Funding gains stemmed from $675M raised via ATM offerings, warrant exercises and other financing.Q3 results are expected to show 36.4% earnings and 66.8% revenue growth, though valuation remains elevated.Ahead of third-quarter 2025 earnings, D-Wave Quantum’s (QBTS) balance sheet is materially stronger than a year ago, implying low near-term liquidity and solvency risk as compared to the year-ago period. ...