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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%
Quantum Computing Inc. logo
Quantum Computing Inc.QUBT
$3.69M+9,364%
IonQ logo
IonQIONQ
$80.05M+287%
Rigetti Computing, Inc. logo
Rigetti Computing, Inc.RGTI
$5.14M+185%
Alphabet Inc. logo
Alphabet Inc.GOOGL
Infleqtion logo
InfleqtionINFQ

Segments

By geography

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

By product

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QCaaS$1.86M+49.9%
Professional services$929K+18.3%
System sales$255K-75.1%

Other financials

Income statement

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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
(In thousands, except share and per share data)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenue$3,076$3,095$5,934$18,096
Cost of revenue1,3721,1192,4122,243
Total gross profit1,7041,9763,52215,853
Operating expenses:
Research and development28,23912,69454,03222,982
General and administrative15,3889,15135,66317,108
Sales and marketing11,3556,63321,83213,556
Total operating expenses54,98228,478111,52753,646

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

FAQ

What is D-Wave Quantum's total revenue?
D-Wave Quantum (QBTS) reported total revenue of $3.08M in Q2 2026.
How has D-Wave Quantum's total revenue changed year-over-year?
D-Wave Quantum's total revenue decreased by 0.6% year-over-year, from $3.1M to $3.08M.
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 aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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