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D-Wave Quantum QBTS Professional services — Revenue

Other product segments

QCaaS
$1.86M+49.9%
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
Type of products or services
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

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

FAQ

What is D-Wave Quantum's professional services — revenue?
D-Wave Quantum (QBTS) reported professional services — revenue of $929K in Q2 2026.
How has D-Wave Quantum's professional services — revenue changed year-over-year?
D-Wave Quantum's professional services — revenue increased by 18.3% year-over-year, from $785K to $929K.
What is the long-term trend for D-Wave Quantum's professional services — revenue?
Over 4 years (2021 to 2025), D-Wave Quantum's professional services — revenue has grown at a 11.1% compound annual growth rate (CAGR), from $1.79M to $2.72M.
What does professional services — revenue mean?
This metric represents the total revenue generated from consulting, implementation, and technical support services provided to clients integrating quantum computing solutions. It reflects the company's ability to monetize the expertise required to help customers transition from classical to quantum-hybrid workflows. This revenue stream is critical for assessing the adoption rate of quantum technologies in enterprise environments.

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