D-Wave Quantum (QBTS) Revenue (2021 - 2026)
D-Wave Quantum's (QBTS) quarterly Revenue came in at $3.1 million in Q2 2026, down 0.61% year-over-year from $3.1 million in Q2 2025, and up 7.63% quarter-over-quarter from $2.9 million in Q1 2026.
Analysis
D-Wave Quantum (QBTS) Revenue (2021 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Revenue across 6 years of filings, most recently posting $3.1 million for Q2 2026.
- In Q2 2026, Revenue fell 0.61% year-over-year to $3.1 million; the TTM figure through Jun 2026 stood at $12.4 million (down 44.22% YoY), while the FY2025 annual figure was $24.6 million, up 178.54% from the prior year.
- Revenue came in at $3.1 million for Q2 2026 at D-Wave Quantum, up from $2.9 million in the prior quarter.
- In the past five years, Revenue ranged from a high of $15.0 million in Q1 2025 to a low of $1.4 million in Q2 2022.
- Average Revenue over 5 years is $3.1 million, with a median of $2.4 million recorded in 2022.
- Year-over-year, Revenue soared 508.56% in 2025 and sank 80.95% in 2026.
- Over 5 years, Revenue stood at $2.4 million in 2022, then advanced by 21.34% to $2.9 million in 2023, then fell by 20.54% to $2.3 million in 2024, then climbed by 19.19% to $2.8 million in 2025, then gained by 11.77% to $3.1 million in 2026.
- Per Business Quant data, the three most recent Revenue figures were $3.1 million in Q2 2026, $2.9 million in Q1 2026, and $2.8 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Revenue (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | 80.05 Mn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | 3.08 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | 5.14 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | 5.55 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | 13.54 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | 108,293.48 |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - | 1,069.21 |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - | - |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - | - |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | 1.51 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 |