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D-Wave Quantum QBTS Total Revenue

Total Revenue at other companies

International Business Machines logo
International Business MachinesIBM
$15.92B+9.5%
IonQ logo
IonQIONQ
$64.67M+755%
Alphabet Inc. logo
Alphabet Inc.GOOGL

Segments

By geography

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Germany$12.8M
United States$497K
Japan$482K
Canada$304K

By product

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QCaaS$1.76M+14.7%
Professional services$983K+26.5%
System sales$86K-99.3%

Other financials

Income statement

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Gross profit$1.8M-86.9%
Operating income-$54.7M-385%
Net income-$18.4M-239%
EPS (diluted)-$0.05-150%

Balance sheet

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

Cash flow

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

Valuation

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

Profitability

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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

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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 →

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Questions, answered.

What is D-Wave Quantum's total revenue?
D-Wave Quantum (QBTS) reported total revenue of $2.86M in Q1 2026.
How has D-Wave Quantum's total revenue changed year-over-year?
D-Wave Quantum's total revenue decreased by 80.9% year-over-year, from $15M to $2.86M.
What is the long-term trend for D-Wave Quantum's total revenue?
Over 4 years (2021 to 2025), D-Wave Quantum's total revenue has grown at a 40.7% compound annual growth rate (CAGR), from $6.28M to $24.59M.
What does total revenue mean?
The total amount of money generated from sales of goods or services.
How do you interpret total revenue?
An increase indicates growing market demand or successful expansion, while a decrease may signal market saturation or competitive pressure.
How does total revenue compare across companies?
Standard across all industries; essential for calculating market share and growth rates.