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
DateValue
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