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D-Wave Quantum Inc. (QBTS) stock

QBTSNasdaqServices-Computer Processing & Data PreparationFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026Score 5/30
$10.65−0.91 (-7.87%)

Close on Oct 30, 2026Market cap $3.93BP/E –Yield –

Earnings

D-Wave Quantum's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report
Nov 5, 2026
Q3 FY2026 · estimated, before the open
Revenue, Q2 FY2026
$3.10M
0.0% on a year earlier
Adjusted EPS, Q2 FY2026
-$0.13
-$0.08 a year earlier
Latest guidance
Issued
Mar 13, 2025 · 1 item

Quarterly results

Revenue and earnings per share from each of D-Wave Quantum's earnings releases, newest first

QuarterReportedRevenueYoYEPSAdj. EPSSource
Q3 FY2026ended Sep 30, 2026Nov 5, 2026Expected–––––
Q2 FY2026ended Jun 30, 2026Aug 6, 2026before the open$3.10M0.0%-$0.13–Release
Q1 FY2026ended Mar 31, 2026May 12, 2026before the open$2.90M-80.7%––Release
Q4 FY2025ended Dec 31, 2025Feb 26, 2026before the open$2.80M+21.7%––Release
Q3 FY2025ended Sep 30, 2025Nov 6, 2025before the open$3.70M+94.7%-$0.41-$0.05Release
Q2 FY2025ended Jun 30, 2025Aug 7, 2025before the open$3.10M+40.9%-$0.55-$0.08Release
Q1 FY2025ended Mar 31, 2025May 8, 2025before the open$15.00M+500.0%-$0.02–Release
Q4 FY2024ended Dec 31, 2024Mar 13, 2025before the open$2.30M-20.7%-$0.37-$0.08Release
Q3 FY2024ended Sep 30, 2024Nov 14, 2024before the open$1.90M-26.9%-$0.11–Release
Q2 FY2024ended Jun 30, 2024Aug 8, 2024before the open$2.20M+29.4%-$0.10–Release
Q1 FY2024ended Mar 31, 2024May 13, 2024before the open$2.50M+56.3%-$0.11–Release
Q4 FY2023ended Dec 31, 2023Mar 28, 2024before the open$2.90M+20.8%-$0.10–Release

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

No open guidance: every period D-Wave Quantum guided for has been reported

Guidance vs results

The last range D-Wave Quantum gave before each report, against the figure it then reported. Full years add up the four quarters.

PeriodMetricGuidanceActualResult
Q1 FY2025Revenue$10.00M$15.00MAbove range

Guidance history

Every forecast D-Wave Quantum put in an earnings release, newest first

GivenMetricPeriodGuidanceChange
Mar 13, 2025revenueQ1 FY2025$10.00MNew
Aug 8, 2024Adjusted EBITDA LossFY2024$54.30MReaffirmed
May 13, 2024Adjusted EBITDA LossFY2024$54.30MReaffirmed
Mar 28, 2024Adjusted EBITDA LossFY2024$54.30MNew
Mar 28, 2024bookingsQ1 FY2024$4.30MNew
Nov 9, 2023Adjusted EBITDA LossFY2023$56.00MRaised
Nov 9, 2023revenueFY2023$10.00M – $11.50MLowered
Aug 10, 2023Adjusted EBITDAFY2023-$58.00MRaised
Aug 10, 2023RevenueFY2023$11.00M – $13.00MLowered
May 19, 2023Adjusted EBITDAFY2023-$62.00MReaffirmed
May 19, 2023RevenueFY2023$12.00M – $13.00MNew
Apr 14, 2023Adjusted EBITDAFY2023-$62.00MNew
Apr 14, 2023RevenueFY2023$12.00M – $13.00MNew
Nov 10, 2022Adjusted EBITDAFY2022-$49.00MReaffirmed
Nov 10, 2022RevenueFY2022$7.00M – $9.00MReaffirmed
Aug 16, 2022Adjusted EBITDAFY2022-$49.00MNew
Aug 16, 2022RevenueFY2022$7.00M – $9.00MNew

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.

Press releases

Releases D-Wave Quantum filed with the SEC as exhibits to Form 8-K or 6-K

  1. LG CNS and D-Wave Announce Strategic Relationship to Advance Quantum Optimization Adoption in South Korea
    Update
  2. D-Wave Customer Shionogi Wins First Place in NEDO Quantum Computing Challenge’s Quality of Life Category
    Update
  3. D-Wave Launches Gate-Model Simulator Beta Program, Advancing Error-Aware Programming Capabilities
    Update
  4. D-Wave to Host Qubits Asia 2026 Quantum Computing User Conference in Seoul
    Update
  5. D-Wave to Showcase Unique Dual-Platform Quantum Computing at Quantum World Congress 2026
    Update
  6. D-Wave Quantum Finalizes Definitive Agreement with U.S. Department of Commerce for Up to $100 Million to Accelerate U.S. Leadership in Quantum Computing
    Update
  7. D-Wave Technology Drives NTT DOCOMO’s Second Production Quantum Application in Network Operations
    Update
  8. D-Wave Reports Second Quarter 2026 Results
    Results
  9. Investor Update August 6, 2026
    Results
  10. D-Wave Demonstrates Major Hardware Breakthrough for Quantum Error Correction, Advancing the Path to Practical, Fault-Tolerant Gate-Model Quantum Computing
    Update
  11. D-Wave and Nasdaq Verafin Announce Agreement for Quantum Computing Application Development
    Update
  12. AT&T Signs Agreement to Expand Use of D-Wave's Quantum Computing Technology Across Network Operations
    Update
  13. D-Wave to Ring the Nasdaq Opening Bell on July 27, 2026 to Mark Its Listing Debut on the Nasdaq
    Update
  14. D-Wave Announces Transfer of Stock Exchange Listing to Nasdaq
    Update
  15. D-Wave Is One of Only Two Companies Named to the Leaders Category in the IDC MarketScape:
    Update