QBTS D-WAVE QUANTUM INC revenue, earnings and financials

For the quarter ended June 30, 2026, D-WAVE QUANTUM INC reported revenue of $3.08M (down 0.6% from a year earlier), net income of −$48.0M and diluted EPS of −$0.13; over the last four quarters revenue was $12.4M and net income −$249M; for the fiscal year ended December 2025 revenue was $24.6M, up 178.5% on the year before.

QBTS annual revenue and earnings

• Fiscal year ended Dec 2025: revenue $24.6M, gross profit $20.3M, operating income −$100M, net income −$355M (margin -1444.1%), EPS −$1.11
• Fiscal year ended Dec 2024: revenue $8.83M, gross profit $5.56M, operating income −$77.2M, net income −$144M (margin -1630.0%), EPS −$0.75
• Fiscal year ended Dec 2023: revenue $8.76M, gross profit $4.62M, operating income −$80.5M, net income −$82.7M (margin -944.5%), EPS −$0.60
• Fiscal year ended Dec 2022: revenue $7.17M, gross profit $4.25M, operating income −$59.5M, net income −$53.7M (margin -748.7%), EPS −$0.45
• Fiscal year ended Dec 2021: revenue $6.28M, gross profit $4.53M, operating income −$38.9M, net income −$41.0M (margin -652.5%), EPS −$0.33

QBTS quarterly revenue and earnings

• Quarter ended Jun 30, 2026: revenue $3.08M (down 0.6% year over year), net income −$48.0M, EPS −$0.13
• Quarter ended Mar 31, 2026: revenue $2.86M (down 80.9% year over year), net income −$18.4M, EPS −$0.05
• Quarter ended Dec 31, 2025 (from the annual report): revenue $2.75M (up 19.2% year over year), net income −$42.3M, EPS −$0.13
• Quarter ended Sep 30, 2025: revenue $3.74M (up 99.9% year over year), net income −$140M, EPS −$0.41
• Quarter ended Jun 30, 2025: revenue $3.10M (up 41.8% year over year), net income −$167M, EPS −$0.55
• Quarter ended Mar 31, 2025: revenue $15.0M (up 508.6% year over year), net income −$5.42M, EPS −$0.02
• Quarter ended Dec 31, 2024 (from the annual report): revenue $2.31M (down 20.5% year over year), net income −$86.1M, EPS −$0.43
• Quarter ended Sep 30, 2024: revenue $1.87M (down 27.0% year over year), net income −$22.7M, EPS −$0.11
• Quarter ended Jun 30, 2024: revenue $2.18M (up 27.9% year over year), net income −$17.8M, EPS −$0.10
• Quarter ended Mar 31, 2024: revenue $2.47M (up 55.7% year over year), net income −$17.3M, EPS −$0.11
• Quarter ended Dec 31, 2023 (from the annual report): revenue $2.91M (up 21.4% year over year), net income −$16.0M, EPS −$0.07
• Quarter ended Sep 30, 2023: revenue $2.56M (up 51.2% year over year), net income −$16.1M, EPS −$0.12
• Quarter ended Jun 30, 2023: revenue $1.71M (up 24.5% year over year), net income −$26.2M, EPS −$0.21
• Quarter ended Mar 31, 2023: revenue $1.58M (down 7.6% year over year), net income −$24.4M, EPS −$0.20
• Quarter ended Dec 31, 2022 (from the annual report): revenue $2.39M, net income −$18.2M, EPS −$0.16
• Quarter ended Sep 30, 2022: revenue $1.70M (up 29.7% year over year), net income −$11.7M, EPS −$0.10
• Quarter ended Jun 30, 2022: revenue $1.37M (up 20.6% year over year), net income −$12.3M, EPS −$0.10
• Quarter ended Mar 31, 2022: revenue $1.71M, net income −$11.6M, EPS −$0.09
• Quarter ended Sep 30, 2021: revenue $1.31M, net income −$4.21M, EPS −$0.03
• Quarter ended Jun 30, 2021: revenue $1.14M, net income −$4.67M, EPS −$0.04

QBTS cash flow, buybacks and dividends

• Fiscal year ended Dec 2025: operating cash flow −$72.0M, share buybacks n/a
• Fiscal year ended Dec 2024: operating cash flow −$42.6M, share buybacks n/a
• Fiscal year ended Dec 2023: operating cash flow −$60.6M, share buybacks n/a
• Fiscal year ended Dec 2022: operating cash flow −$45.2M, share buybacks n/a
• Fiscal year ended Dec 2021: operating cash flow −$34.8M, share buybacks n/a

QBTS balance sheet

• Jun 30, 2026: cash $297M, total assets $1.16B, total liabilities $75.3M, shareholders' equity $1.08B, long-term debt $34.9M
• Mar 31, 2026: cash $338M, total assets $1.20B, total liabilities $75.6M, shareholders' equity $1.12B, long-term debt $35.4M
• Dec 31, 2025: cash $635M, total assets $916M, total liabilities $63.6M, shareholders' equity $852M, long-term debt $35.8M
• Sep 30, 2025: cash $836M, total assets $866M, total liabilities $195M, shareholders' equity $671M, long-term debt $32.1M
• Jun 30, 2025: cash $819M, total assets $844M, total liabilities $149M, shareholders' equity $694M, long-term debt $32.1M
• Mar 31, 2025: cash $304M, total assets $326M, total liabilities $118M, shareholders' equity $207M, long-term debt $30.4M
• Dec 31, 2024: cash $178M, total assets $200M, total liabilities $137M, shareholders' equity $62.6M, long-term debt $30.1M
• Sep 30, 2024: cash n/a, total assets $49.6M, total liabilities $66.5M, shareholders' equity −$16.9M, long-term debt $32.0M

What is QBTS's revenue?

D-WAVE QUANTUM INC reported $12.4M of revenue over its last four quarters, through June 30, 2026.

Is QBTS profitable?

No. D-WAVE QUANTUM INC lost $249M over the last four quarters.

What is QBTS's EPS?

Diluted earnings per share over the last four quarters were −$0.72; −$0.13 in the latest quarter.

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