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D-Wave Quantum QBTS Other revenue — Revenue

Other product segments

QCaaS
$1.86M+49.9%
Professional services
$929K+18.3%
System sales
$255K-75.1%

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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
System sales$255$1,025$341$13,672
QCaaS1,8601,2413,6192,774
Professional services9297851,9121,562
Other revenue*32446288
Total revenue$3,076$3,095$5,934$18,096
Timing of revenue recognition
Revenue recognized over time$2,797$3,082$5,614$5,419
Revenue recognized at a point in time2791332012,677

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

FAQ

What is D-Wave Quantum's other revenue — revenue?
D-Wave Quantum (QBTS) reported other revenue — revenue of $32K in Q2 2026.
How has D-Wave Quantum's other revenue — revenue changed year-over-year?
D-Wave Quantum's other revenue — revenue decreased by 27.3% year-over-year, from $44K to $32K.
What is the long-term trend for D-Wave Quantum's other revenue — revenue?
Over 3 years (2021 to 2025), D-Wave Quantum's other revenue — revenue has grown at a 34.5% compound annual growth rate (CAGR), from $69K to $168K.
What does other revenue — revenue mean?
This metric represents revenue generated from ancillary business activities, specialized services, or non-core product offerings that fall outside the company's primary quantum computing hardware and software subscription streams. It captures income from secondary streams such as consulting, research grants, or specialized technical support engagements. Monitoring this segment helps assess the company's ability to monetize peripheral expertise and diversify its income base beyond core product sales.

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