The financials
D-Wave Quantum Inc. by the numbers
D-Wave Quantum Inc. (QBTS) reported revenue of $3.1M in Q2 2026 (quarter ended Jun 30, 2026), down 0.6% from the same quarter a year earlier. That came with a gross margin of 55% and net loss of $48M. For the full year FY2025, revenue was $25M (+179% year on year) and net income −$355M. Its largest region in Q2 2026 was United States at $2.2M, 71% of the disclosed total, well ahead of Other Geographical Areas at 16%.
| Income statement | Q2 2026 | Q2 2025 | Change |
|---|---|---|---|
| Revenue | $3.1M | $3.1M | −0.6% |
| Gross profit | $1.7M | $2.0M | −14% |
| Operating income | −$53M | −$27M | n/a |
| Net income | −$48M | −$167M | n/a |
| Diluted EPS | −$0.13 | −$0.55 | n/a |
| Geographic | Revenue | Share |
|---|---|---|
| United States | $2.2M | 71% |
| Other Geographical Areas | $507K | 16% |
| Japan | $137K | 4.5% |
| Canada | $130K | 4.2% |
| Germany | $127K | 4.1% |
Business Segments
Revenue split by geographic segment, from SEC XBRL filings.
Latest period: Q2 2026Total $3.1M (+7.6%)
United States grew +206% year on yearGermany -89% year on year
Segment Latestquarter on quarteryear on year
- United States$2.2M$2.2MQoQ +29%year on year +206%+29%+206%
- Other Geographical Areas$507.0K$507.0KQoQ +7.9%year on year -35%+7.9%-35%
- Japan$137.0K$137.0KQoQ -64%year on year -12%-64%-12%
- Canada$130.0K$130.0KQoQ -7.8%year on year -51%-7.8%-51%
- Germany$127.0K$127.0KQoQ -27%year on year -89%-27%-89%
Computer Hardware
Ranks #6 of 6 by Smart Score