D-Wave Quantum (QBTS) Revenue — Quarter Ended Sep 30, 2024
Revenue declined in the current quarter, extending a sequential downward trend. Both year-over-year and quarter-over-quarter comparisons were negative.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue declined in the current quarter, extending a sequential downward trend. Both year-over-year and quarter-over-quarter comparisons were negative.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.9M
Revenue reported for this quarter.
Quarter-over-quarter
-14.3%
Change from the immediately preceding quarter.
Year-over-year
-27.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.4M
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 |
|---|---|---|
| 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% |
Revenue performance
Reported revenue decreased from the prior quarter and from the same period a year ago, continuing a pattern of decline observed in recent quarters.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was lower. Compared with the same quarter one year earlier, revenue was also lower.
What to watch
Given the sustained revenue decline and accumulated operating losses, monitor whether the company can stabilize or reverse the trend.