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 (QBTS) has 6 years of Revenue data on file, last reported 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.
  • The five-year high for Revenue was $15.0 million in Q1 2025, with the low at $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 plunged 80.95% in 2026.
  • D-Wave Quantum's Revenue stood at $2.4 million in 2022, then increased by 21.34% to $2.9 million in 2023, then slipped by 20.54% to $2.3 million in 2024, then rose by 19.19% to $2.8 million in 2025, then increased by 3.85% to $2.9 million in 2026.
  • Business Quant data shows QBTS's Revenue at $2.9 million in Q1 2026, $2.8 million in Q4 2025, and $3.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Revenue (Qtr)
1 Sandisk 300.77 Bn 297.03 Bn 4.66 Bn 5.95 Bn
2 Dell Technologies 276.28 Bn 264.70 Bn 7.78 Bn 43.84 Bn
3 Arista Networks 209.63 Bn 197.28 Bn 1.68 Bn 2.71 Bn
4 Western Digital 204.64 Bn 201.41 Bn 1.68 Bn 3.34 Bn
5 Seagate Technology Holdings 202.26 Bn 201.11 Bn 1.45 Bn 3.11 Bn
6 Everpure 25.55 Bn 24.23 Bn 723.33 Mn 1.05 Bn
7 Hp 20.30 Bn 16.60 Bn 3.02 Bn 14.41 Bn
8 Super Micro Computer 16.60 Bn 15.31 Bn 1.02 Bn 10.24 Bn
9 Logitech International 13.89 Bn 12.15 Bn 483.28 Mn 1.09 Bn
10 D-Wave Quantum 8.64 Bn 8.64 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