D-Wave Quantum (QBTS) Revenue — Quarter Ended Dec 31, 2024
Revenue rose compared to the prior quarter, but fell relative to the same period last year. The company continued to report net losses and negative operating cash flow, highlighting ongoing financial challenges.
Key takeaway
Quarter ended Dec 31, 2024 · FY2024 Q4
Revenue rose compared to the prior quarter, but fell relative to the same period last year. The company continued to report net losses and negative operating cash flow, highlighting ongoing financial challenges.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.3M
Revenue reported for this quarter.
Quarter-over-quarter
+23.5%
Change from the immediately preceding quarter.
Year-over-year
-20.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.8M
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 |
|---|---|---|
| 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% |
Revenue performance
The quarterly revenue reflected a sequential improvement, reversing the decline seen in the previous quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. However, versus the same quarter one year earlier, revenue was lower.
What to watch
Monitor the company's ability to address its going concern status and sustain revenue growth.