D-Wave Quantum (QBTS) Revenue (2021 - 2026)
D-Wave Quantum (QBTS) posted Revenue of $2.9 million for Q1 2026, up 3.85% sequentially from $2.8 million in Q4 2025, and down 80.95% YoY from $15.0 million in Q1 2025.
D-Wave Quantum (QBTS) Revenue (2021 - 2026) Analysis & Trends
D-Wave Quantum has reported Revenue for 6 years, with the latest figure at $2.9 million in Q1 2026.
- Quarterly Revenue fell 80.95% year-over-year to $2.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $12.4 million (down 41.75% YoY) and the FY2025 annual result came in at $24.6 million, up 178.54% from the prior year.
- Revenue advanced to $2.9 million in Q1 2026 per QBTS's latest filing, from $2.8 million in the prior quarter.
- Over five years, Revenue peaked at $15.0 million in Q1 2025 and troughed at $1.4 million in Q2 2022.
- A 5-year average of $3.1 million and a median of $2.4 million in 2022 frame the typical range for Revenue.
- The sharpest annual moves came in 2025 and 2026: Revenue jumped 508.56% in 2025, then slumped 80.95% in 2026.
- Over 5 years, Revenue stood at $2.4 million in 2022, then grew by 21.34% to $2.9 million in 2023, then decreased by 20.54% to $2.3 million in 2024, then increased by 19.19% to $2.8 million in 2025, then grew by 3.85% to $2.9 million in 2026.
- According to Business Quant data, Revenue over the past three periods registered $2.9 million, $2.8 million, and $3.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 279.74 Bn | 268.16 Bn | 7.78 Bn | 43.84 Bn |
| 2 | Arista Networks | 233.03 Bn | 220.67 Bn | 1.68 Bn | 2.71 Bn |
| 3 | Sandisk | 191.00 Bn | 187.26 Bn | 4.66 Bn | 5.95 Bn |
| 4 | Seagate Technology Holdings | 182.93 Bn | 181.79 Bn | 1.45 Bn | 3.11 Bn |
| 5 | Western Digital | 180.27 Bn | 177.03 Bn | 1.68 Bn | 3.34 Bn |
| 6 | Everpure | 26.48 Bn | 24.98 Bn | 723.33 Mn | 1.05 Bn |
| 7 | Hp | 25.04 Bn | 21.33 Bn | 3.02 Bn | 14.41 Bn |
| 8 | Super Micro Computer | 17.15 Bn | 15.86 Bn | 1.02 Bn | 10.24 Bn |
| 9 | Logitech International | 15.08 Bn | 13.33 Bn | 607.94 Mn | 1.23 Bn |
| 10 | D-Wave Quantum | 7.35 Bn | 7.35 Bn | 1.82 Mn | 2.86 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 1.14 Mn |