The financials
D-Wave Quantum Inc. by the numbers
D-Wave Quantum Inc. (QBTS) reported revenue of $3.1M in Q2 2026 (quarter ended June 30, 2026), down 0.6% from the same quarter a year earlier. That came with a gross margin of 55% and net loss of $48M. For the full year FY2025, revenue was $25M (+179% year on year) and net income −$355M. Its largest region in 2026-Q1 was US at $1.7M, 59% of the disclosed total, just ahead of Other Geographical Areas at 16%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $3.1M | $3.1M | −0.6% |
| Gross profit | $1.7M | $2.0M | −14% |
| Operating income | −$53M | −$27M | n/a |
| Net income | −$48M | −$167M | n/a |
| Diluted EPS | −$0.13 | −$0.55 | n/a |
| Geographic | Revenue | Share |
|---|---|---|
| US | $1.7M | 59% |
| Other Geographical Areas | $470K | 16% |
| JP | $382K | 13% |
| DE | $175K | 6.1% |
| CA | $141K | 4.9% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q1 2026Total $2.9M (-24%)
US grew +240% year on yearDE -99% year on year
Segment Latestquarter on quarteryear on year
- US$1.7M$1.7MQoQ +136%year on year +240%+136%+240%
- Other Geographical Areas$470.0K$470.0KQoQ -21%year on year -49%-21%-49%
- JP$382.0K$382.0KQoQ +44%year on year -21%+44%-21%
- DE$175.0K$175.0KQoQ -91%year on year -99%-91%-99%
- CA$141.0K$141.0KQoQ -27%year on year -54%-27%-54%
Computer Hardware
Ranks #10 of 11 by Smart Score