D-Wave Quantum Inc.

QBTS Technology Computer Hardware

D-Wave Quantum Inc.’s revenue for fiscal 2025 (year ended December 2025) was $24.6 million, up 178.5% from fiscal 2024.

Revenue
−0.61%
EPS
+76.4%
Free cash flow
−105.8%
Total debt
+9.27%

Quarter to June 2026, against a year earlier

10.69 1.64 +18.12%
Market cap
$3.4B
P/E
0.0×
Fwd P/E
−26.3×
Dividend yield
—
F-score
5/9
Altman Z
78.57
Beneish M
−2.93
Dividend safety
n/a

D-Wave Quantum Inc. (QBTS) Revenue

Alert me on Revenue

D-Wave Quantum Inc.'s revenue for fiscal 2025 was $24.6M, up 178.5% from $8.8M in fiscal 2024. Over the twelve months to 30 June 2026 it was $12.4M. Over the past ten years it has ranged from $5.2M (fiscal 2020) to $24.6M (fiscal 2025) — the current reading is the highest in ten years. Revenue has risen for 5 consecutive fiscal years. D-Wave Quantum Inc. ranks 30th of 37 Computer Hardware companies by revenue.

Revenue, annual

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Annual newest first

Period Revenue Change
FY2025 $24.6M 178.54%
FY2024 $8.8M 0.79%
FY2023 $8.8M 22.10%
FY2022 $7.2M 14.24%
FY2021 $6.3M 21.69%
FY2020 $5.2M —

Quarterly newest first

Period Revenue Change
Jun 2026 $3.1M 7.63%
Mar 2026 $2.9M 3.85%
Dec 2025 $2.8M (26.40%)
Sep 2025 $3.7M 20.81%
17 more quarters

Against its own ten years

Low $5.2M High $24.6M
Ten-year median $8.0M
Current reading's percentile 100

Revenue against peers

What Revenue is

Revenue tells an investor how much a company brought in from selling its goods and services over a period, before any costs are taken out.

Reported line item

The full definition of Revenue →

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