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D-Wave Quantum QBTS Canada — Revenue

Other geography segments

Germany
$12.8M
United States
$497K
Japan
$482K

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Other financials

Income statement

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Revenue$2.9M-80.9%
Gross profit$1.8M-86.9%
Operating income-$54.7M-385%
Net income-$18.4M-239%
EPS (diluted)-$0.05-150%

Balance sheet

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Cash & equivalents$338.2M+11.1%
Total debt$46.7M+22.5%
Total equity$1.1B+442%
Total assets$1.2B+268%

Cash flow

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Operating cash flow-$45.0M-133%
CapEx$1.1M+147%
Free cash flow-$46.0M-134%

Valuation

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Market cap$9.15B+141%
Enterprise value$8.85B+159%
P/S735×+557×

Profitability

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Gross margin66.3%-17.0pp
Operating margin-1,155.6%-1,938pp
Net margin-2,957.2%-4,019pp
FCF margin-821%-1,451pp

Returns & leverage

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Return on equity-55.3%
Debt / equity-0.1×
Current ratio21.4×+0.7×

Where this comes from

Reported directly by D-Wave Quantum in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: D-Wave Quantum’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is D-Wave Quantum's canada — revenue?
D-Wave Quantum (QBTS) reported canada — revenue of $141K in Q1 2026.
How has D-Wave Quantum's canada — revenue changed year-over-year?
D-Wave Quantum's canada — revenue decreased by 53.6% year-over-year, from $304K to $141K.
What does canada — revenue mean?
The total amount of money earned from business activities conducted within the Canada region.
How do you interpret canada — revenue?
An increase indicates growing market adoption and successful sales execution in the Canadian region, while a decrease suggests weakening demand or competitive pressure in that specific market.
How does canada — revenue compare across companies?
Comparable to regional revenue reporting for technology companies, where investors look for consistent growth trends relative to the total addressable market in that geography.