D-Wave Quantum (QBTS) Revenue (2021 - 2026)
D-Wave Quantum's Revenue came in at $3.08 million for Q2 2026, down 0.6% from $3.1 million a year earlier but up 7.6% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Revenue (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, D-Wave Quantum reported Revenue of $12.43 million, down 44.2% year-over-year; for FY2025, it came in at $24.59 million, up 178.5% from FY2024.
- Revenue has increased in each of the last five years, with a five-year compound annual growth rate of 36.7% (FY2020 to FY2025).
- Going back by year, Revenue was $8.83 million in FY2024 (+0.8%), $8.76 million in FY2023 (+22.1%), $7.17 million in FY2022 (+14.2%) and $6.28 million in FY2021 (+21.7%).
- The five-year range for quarterly Revenue is $1.31 million (Q3 2021) to $15 million (Q1 2025).
- Year-over-year, Revenue increased in four of the last eight quarters, with growth averaging 67.5%.
- The fastest year-over-year change in Revenue over five years came in Q1 2025 (growth of 508.6%), and the weakest in Q1 2026 (a decline of 80.9%).
- Business Quant data shows QBTS's Revenue at $2.86 million (Q1 2026), $2.75 million (Q4 2025) and $3.74 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | 3.41 Bn |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | 1.47 Bn |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 2.05 Bn |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | 1.55 Bn |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | 1.12 Bn |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | 805.00 Mn |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | - |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | 904.39 Mn |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | 771.77 Mn |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | 3.08 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.08 Mn |
| Mar 31, 2026 | 2.86 Mn |
| Dec 31, 2025 | 2.75 Mn |
| Sep 30, 2025 | 3.74 Mn |
| Jun 30, 2025 | 3.10 Mn |
| Mar 31, 2025 | 15.00 Mn |
| Dec 31, 2024 | 2.31 Mn |
| Sep 30, 2024 | 1.87 Mn |
| Jun 30, 2024 | 2.18 Mn |
| Mar 31, 2024 | 2.47 Mn |
| Dec 31, 2023 | 2.91 Mn |
| Sep 30, 2023 | 2.56 Mn |
| Jun 30, 2023 | 1.71 Mn |
| Mar 31, 2023 | 1.58 Mn |
| Dec 31, 2022 | 2.40 Mn |
| Sep 30, 2022 | 1.70 Mn |
| Jun 30, 2022 | 1.37 Mn |
| Mar 31, 2022 | 1.71 Mn |
| Dec 31, 2021 | 2.43 Mn |
| Sep 30, 2021 | 1.31 Mn |
API Access
D-Wave Quantum Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=revenue&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "revenue", "ticker": "QBTS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=revenue&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();