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D-Wave Quantum QBTS Japan — Revenue

Other geography segments

Germany
$12.8M
United States
$497K
Canada
$304K

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Other financials

Income statement

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Revenue$3.1M-0.6%
Gross profit$1.7M-13.8%
Operating income-$53.3M-101%
Net income-$48.0M+71.3%
EPS (diluted)-$0.13+76.4%

Balance sheet

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Cash & equivalents$296.6M-63.8%
Total debt$48.0M+20.0%
Total equity$1.1B+56.0%
Total assets$1.2B+37.3%

Cash flow

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Operating cash flow-$28.5M-86.5%
CapEx$4.4M+493%
Free cash flow-$32.9M-105%

Valuation

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Market cap$7.92B+44.2%
Enterprise value$7.68B+62.8%
P/S637.7×+391×

Profitability

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Gross margin64.2%-18.3pp
Operating margin-1,372.9%-2,100pp
Net margin-2,001.6%+2,806pp
FCF margin-958.4%-1,451pp

Returns & leverage

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Return on equity-28%
Debt / equity0.0×
Current ratio20.5×-22.4×

Where this comes from

Reported directly by D-Wave Quantum in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: D-Wave Quantum’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001907982-26-000129
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
United States$2,175$710$3,865$1,207
Japan137156519638
Germany1271,18630213,990
Canada130268271572
Other5077759771,690
Total revenue$3,076$3,095$5,934$18,096

Item 1. D-Wave Quantum Inc. Financial Statements (Unaudited)

FAQ

What is D-Wave Quantum's japan — revenue?
D-Wave Quantum (QBTS) reported japan — revenue of $137K in Q2 2026.
How has D-Wave Quantum's japan — revenue changed year-over-year?
D-Wave Quantum's japan — revenue decreased by 12.2% year-over-year, from $156K to $137K.
What is the long-term trend for D-Wave Quantum's japan — revenue?
Over 4 years (2021 to 2025), D-Wave Quantum's japan — revenue has grown at a -5.0% compound annual growth rate (CAGR), from $1.61M to $1.32M.
What does japan — revenue mean?
This metric represents the total gross income generated from sales of quantum computing systems, software subscriptions, and professional services within the Japanese geographic market. It serves as a key indicator of the company's regional market penetration and the adoption rate of quantum solutions by enterprise and research clients in this specific territory. Tracking this revenue stream helps assess the effectiveness of regional sales strategies and local partnership ecosystems.

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