D-Wave Quantum QBTS Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Revenue by Product | ||||||
| Professional services | $2.93M+7.6% | $2.72M+1.8% | $2.67M+8.3% | $2.47M+21.9% | $2.02M+7.3% | |
| QCaaS | $5.74M+4.1% | $5.52M-5.4% | $5.83M-3.6% | $6.05M-8.2% | $6.59M-2.4% | |
| System sales | $3.62M-77.6% | $16.18M+4.3% | $15.52M+13.5% | $13.67M+8.1% | $12.65M— | |
| Revenue by Geography | ||||||
| Canada | $715K-18.6% | $878K-19.4% | $1.09M-3.4% | $1.13M-6.8% | $1.21M+9.9% | |
| Germany | $4.14M-75.3% | $16.77M+2.4% | $16.37M+10.0% | $14.88M+4.9% | $14.19M+574% | |
| Japan | $1.22M-7.6% | $1.32M-7.8% | $1.43M+6.8% | $1.34M+2.5% | $1.3M+13.7% | |
| Other | $1.57M-22.1% | $2.01M-2.8% | $2.07M+4.9% | $1.98M+0.1% | $1.98M+11.6% | |
| United States | $3.85M+45.0% | $2.65M+19.1% | $2.23M+11.6% | $2M+3.7% | $1.93M-0.8% | |
| Total long-lived assets by Geography | ||||||
| Canada | $52.11M+10.4% | $47.18M+6.3% | $44.38M— | —— | —— | |
| Other | $193K-18.6% | $237K+16.7% | $203K— | —— | —— | |
| United States | $11.2M+533% | $1.77M+8.2% | $1.64M— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does D-Wave Quantum break its business down?
- D-Wave Quantum (QBTS) reports revenue by product across 3 parts — Professional services, QCaaS and System sales. Each is extracted from the segment footnotes and tracked over time.
- Where does D-Wave Quantum's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in D-Wave Quantum's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
