D-Wave Quantum (QBTS) Revenue — Quarter Ended Sep 30, 2023
Revenue increased in the current quarter compared to the prior quarter. Revenue also rose compared to the same quarter a year earlier.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue increased in the current quarter compared to the prior quarter. Revenue also rose compared to the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.6M
Revenue reported for this quarter.
Quarter-over-quarter
+50.1%
Change from the immediately preceding quarter.
Year-over-year
+51.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.2M
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 |
|---|---|---|
| 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% |
Revenue performance
The reported revenue reflects a sequential increase from the immediately preceding quarter. The year-over-year comparison also shows growth.
Quarterly comparison
Compared to the prior quarter, revenue moved higher. Versus the same quarter one year ago, revenue was also higher.
What to watch
The company has incurred net losses and negative cash flows from operations since inception and expects to require additional financing.