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D-Wave Quantum QBTS United States — Revenue

Other geography segments

Germany
$12.8M
Japan
$482K
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 united states — revenue?
D-Wave Quantum (QBTS) reported united states — revenue of $2.18M in Q2 2026.
How has D-Wave Quantum's united states — revenue changed year-over-year?
D-Wave Quantum's united states — revenue increased by 206.3% year-over-year, from $710K to $2.18M.
What is the long-term trend for D-Wave Quantum's united states — revenue?
Over 4 years (2021 to 2025), D-Wave Quantum's united states — revenue has grown at a -6.2% compound annual growth rate (CAGR), from $3.43M to $2.65M.
What does united states — revenue mean?
This metric represents the total gross income generated from the sale of quantum computing systems, software, and professional services within the United States geographic market. It reflects the company's ability to monetize its quantum technology offerings and capture market share within this specific region. Tracking this revenue stream is essential for evaluating the commercial adoption and regional growth trajectory of the company's quantum solutions.

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