D-Wave Quantum (QBTS) Revenue — Quarter Ended Mar 31, 2026
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.
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, 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.