QBTSD-Wave Quantum Inc.

$14.55-46% 1Y

Is it growing?

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Growth is fading: revenue shrinking (−44% year on year) and operating margin narrowing (−685.8 points).

2 to watch, 1 without data
Revenue trend−44% in a year

Trailing-twelve-month revenue vs a year earlier, from the company's own filings.

Margin direction−685.8 points operating

Trailing-twelve-month operating margin, -1413.7% now against -727.8% a year earlier.

All from SEC EDGAR, as of Jun 30, 2026.

Where this answer is blind. These are trailing numbers from the filings, not forecasts: an acquisition or a one-off year can flatter them, so check the quarters.

Is QBTS growing?

D-Wave Quantum Inc. has grown revenue 19% a year over three years and 37% a year over five.

+19%

Revenue growth, 3-year annual rate · Computer Hardware median +33% · compounding fast · compounded from trailing twelve-month revenue

Revenue growth, 5-year rate
+37%

Revenue growth, 5-year rate · +19% over three · growth has slowed since the five-year average

Years of annual history on file
6

Years of annual history on file · FY2020 to FY2025, as filed

Details›
Revenue FY2021
$6.3M
Revenue FY2022
$7.2M
Revenue FY2023
$8.8M
Revenue FY2024
$8.8M
Revenue FY2025
$25M

Annual income statements as filed with the SEC.

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