Skip to content

D-Wave Quantum QBTS System sales — Revenue

Other product segments

QCaaS
$1.76M+14.7%
Professional services
$983K+26.5%

Similar metrics at other companies

IonQ logo
IONQSpecialized Quantum Computing Hardware — Revenue
$3.06M-15.4%
IonQ logo
IONQQuantum Hardware — Revenue
$35.71M+1,066%
IonQ logo
IONQQuantum Computing And Networking Hardware — Revenue
$21.58M+240%
IonQ logo
IONQPlatform Consulting And Support Services — Revenue
$28.96M+543%
IonQ logo
IONQUS — Revenue
$40.73M+670%
Qualcomm logo
QCOMEquipment and services
$9.06B-3.2%

Other financials

Income statement

See full
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

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

Cash flow

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

Valuation

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

Profitability

See full
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

See full
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 →

Ask your AI about D-Wave Quantum's system sales — revenue.

Connect your AI assistant and compare segments, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is D-Wave Quantum's system sales — revenue?
D-Wave Quantum (QBTS) reported system sales — revenue of $86K in Q1 2026.
How has D-Wave Quantum's system sales — revenue changed year-over-year?
D-Wave Quantum's system sales — revenue decreased by 99.3% year-over-year, from $12.65M to $86K.
What does system sales — revenue mean?
The total revenue earned from selling or leasing quantum computing hardware systems to customers.
How do you interpret system sales — revenue?
An increase indicates growing market demand and successful commercialization of quantum hardware, while a decrease may suggest longer sales cycles or shifts toward cloud-based service models.
How does system sales — revenue compare across companies?
Comparable to hardware revenue or capital equipment sales in high-tech and specialized computing sectors, where revenue is often lumpy due to long procurement cycles.