Germany was the largest of D-Wave Quantum Inc.’s 6 reported lines in fiscal 2025, at $50.30M — 68% of $73.76M.
| Geography | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Germany | $3.45M | $3.80M | $5.68M | $50.30M | ||
| United States | $10.03M | $9.98M | $6.45M | $7.96M | ||
| Other | $4.32M | $8.47M | $5.31M | $6.04M | ||
| Japan | $3.72M | $2.73M | $3.40M | $3.95M | ||
| Switzerland | — | — | $2.33M | $2.88M | ||
| Canada | — | $1.30M | $3.30M | $2.63M | ||
| Total | $21.52M | $26.27M | $26.48M | $73.76M |
In fiscal 2025, which ended December 31, 2025, the 6 regions D-Wave Quantum Inc. reported in this breakdown added up to $73.76M. That was up 178.5% from $26.48M in fiscal 2024. Germany was the largest region, at $50.30M or 68.2% of the total, followed by United States ($7.96M, 10.8%) and Other ($6.04M, 8.2%). Together, the two largest regions made up 79.0% of this total.
Compared with fiscal 2024, Germany grew the fastest, rising 785.2% to $50.30M. Canada fell the most, down 20.3% to $2.63M.
Switzerland (fiscal 2024) and Canada (fiscal 2023) were first reported as separate regions during this period. This breakdown covers every fiscal year from 2020 to 2025, as reported in D-Wave Quantum Inc.'s annual filings.
System Sales was the largest of D-Wave Quantum Inc.’s 4 reported lines in fiscal 2025, at $48.55M — 66% of $73.76M.
| Product and Service | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| System Sales | — | — | — | $48.55M | ||
| Qcaas | $16.85M | $14.69M | $20.24M | $16.55M | ||
| Professional Services | $4.43M | $11.45M | $5.81M | $8.16M | ||
| Other Revenue | $237.00K | $141.00K | $432.00K | $504.00K | ||
| Product & Service, Other | — | — | — | — | ||
| Total | $21.52M | $26.27M | $26.48M | $73.76M |
In fiscal 2025, which ended December 31, 2025, the 4 revenue lines D-Wave Quantum Inc. reported in this breakdown added up to $73.76M. The revenue lines reported changed from fiscal 2024, so the total is not directly comparable with the $26.48M reported that year. System Sales was the largest revenue line, at $48.55M or 65.8% of the total, followed by Qcaas ($16.55M, 22.4%) and Professional Services ($8.16M, 11.1%). Together, the two largest revenue lines made up 88.3% of this total.
Compared with fiscal 2024, Professional Services grew the fastest, rising 40.4% to $8.16M. Qcaas fell the most, down 18.2% to $16.55M. Because revenue lines were added or dropped between the two years, part of this reflects how D-Wave Quantum Inc. regrouped its reporting.
System Sales was first reported as a separate revenue line in fiscal 2025. The table also keeps 1 revenue line that D-Wave Quantum Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 1 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2020 to 2025, as reported in D-Wave Quantum Inc.'s annual filings.
Revenue Recognized At A Point In Time was the largest of D-Wave Quantum Inc.’s 2 reported lines in fiscal 2025, at $38.97M — 53% of $73.76M.
| Timing of Transfer of Good or Service | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|
| Revenue Recognized Over Time | $20.88M | $25.71M | $26.32M | $34.79M | ||
| Transferred Over Time | — | — | — | — | ||
| Revenue Recognized At A Point In Time | $639.00K | $567.00K | $162.00K | $38.97M | ||
| Transferred At Point In Time | — | — | — | — | ||
| Total | $21.52M | $26.27M | $26.48M | $73.76M |
In fiscal 2025, which ended December 31, 2025, the 2 revenue lines D-Wave Quantum Inc. reported in this breakdown added up to $73.76M. That was up 178.5% from $26.48M in fiscal 2024. Revenue Recognized At A Point In Time was the largest revenue line, at $38.97M or 52.8% of the total, followed by Revenue Recognized Over Time ($34.79M, 47.2%).
Compared with fiscal 2024, Revenue Recognized At A Point In Time grew the fastest, rising 23,953.7% to $38.97M. Over fiscal 2022 to 2025, revenue across these revenue lines went from $21.52M to $73.76M, a compound annual growth rate of 50.8%. Revenue Recognized At A Point In Time's share of the total rose from 3.0% to 52.8% over the same years.
The table also keeps 2 revenue lines that D-Wave Quantum Inc. no longer reports, so earlier years can still be read on their original basis; use "Show 2 discontinued" beneath the table to see them. This breakdown covers every fiscal year from 2020 to 2025, as reported in D-Wave Quantum Inc.'s annual filings.
D-Wave Quantum Inc. (QBTS) breaks its revenue down by region and revenue line. In fiscal 2025, its largest region was Germany, with $50.30M or 68.2% of the total, followed by United States at $7.96M (10.8%).
Germany was D-Wave Quantum Inc.'s largest region in fiscal 2025, with $50.30M in revenue, 68.2% of the $73.76M reported across its 6 regions.
System Sales was D-Wave Quantum Inc.'s largest revenue line in fiscal 2025, with $48.55M in revenue, 65.8% of the $73.76M reported across its 4 revenue lines.
Of the D-Wave Quantum Inc. regions reported in both fiscal 2024 and fiscal 2025, and making up at least 2% of the total, Germany grew the fastest, rising 785.2% from $5.68M to $50.30M.
Every figure is taken from D-Wave Quantum Inc.'s annual financial filings and shown as reported: each line keeps the name the company gives it, years follow its own fiscal calendar, and lines it has stopped reporting stay in the table for the years they were reported.
The breakdown by region covers fiscal 2020 to 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.