D-Wave Quantum (QBTS) Revenue — Quarter Ended Jun 30, 2025
Revenue declined sharply from the immediately preceding quarter. However, it increased compared to the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue declined sharply from the immediately preceding quarter. However, it increased compared to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.1M
Revenue reported for this quarter.
Quarter-over-quarter
-79.4%
Change from the immediately preceding quarter.
Year-over-year
+41.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$22.3M
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 |
|---|---|---|
| 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% |
Revenue performance
The current quarter's revenue fell dramatically from the prior quarter, while still showing a year-over-year improvement.
Quarterly comparison
Compared to the preceding quarter, revenue was significantly lower. In contrast, revenue rose relative to the same quarter a year ago.
What to watch
Quarterly revenue has shown substantial volatility in recent periods.