D-Wave Quantum (QBTS) Revenue & Quarterly History
Explore D-Wave Quantum Inc. (QBTS) revenue from 2023 through the latest reported quarter, with SEC-sourced comparisons and filing-constrained analysis.
Key takeaway
Quarter ended Mar 31, 2026 · FY2026 Q1
Revenue for the quarter was higher than the prior quarter but significantly lower than the same quarter last year. The sequential increase was modest, while the year-over-year decline was steep.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.9M
Revenue reported for this quarter.
Quarter-over-quarter
+3.9%
Change from the immediately preceding quarter.
Year-over-year
-80.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$12.4M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.4M | +20.6% |
| Sep 30, 2022 | $1.7M | +29.7% |
| Dec 31, 2022 | $2.4M | -1.3% |
| Mar 31, 2023 | $1.6M | -7.6% |
| Jun 30, 2023 | $1.7M | +24.5% |
| Sep 30, 2023 | $2.6M | +51.2% |
| Dec 31, 2023 | $2.9M | +21.3% |
| Mar 31, 2024 | $2.5M | +55.7% |
| Jun 30, 2024 | $2.2M | +27.9% |
| Sep 30, 2024 | $1.9M | -27.0% |
| Dec 31, 2024 | $2.3M | -20.5% |
| Mar 31, 2025 | $15M | +508.6% |
| Jun 30, 2025 | $3.1M | +41.8% |
| Sep 30, 2025 | $3.7M | +99.9% |
| Dec 31, 2025 | $2.8M | +19.2% |
| Mar 31, 2026 | $2.9M | -80.9% |
Revenue performance
Revenue showed a slight uptick from the preceding quarter, indicating a reversal of the prior quarter's decline. However, the year-over-year comparison reveals a substantial contraction.
Quarterly comparison
Compared to the previous quarter, revenue grew by a small percentage. Compared to the same quarter one year earlier, revenue fell by a large margin.
What to watch
The large year-over-year revenue decline is a notable trend that may warrant monitoring.