D-Wave Quantum Quarterly Income Statement
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
D-Wave Quantum revenue and earnings
In the quarter ended Jun 30, 2026, D-Wave Quantum generated $3.1 million in revenue, down 0.6% from the same quarter a year earlier. D-Wave Quantum reported a net loss of $48.0 million, compared with a loss of $167.3 million a year earlier. Gross margin was 55.4% (down from 63.8%) and operating margin -1732.1%.
Diluted earnings per share came in at -$0.13.
Summary generated from market data by MetaCap's automated system. Methodology
D-Wave Quantum income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.08M | 2.86M | 2.75M | 3.74M | 3.10M | 15.00M | 2.31M | 1.87M | 2.18M | 2.46M | 2.91M | 2.56M |
| Revenue growth (YoY) | -0.61% | -80.95% | +19.19% | +99.95% | +41.78% | +508.56% | -20.54% | -27.01% | +27.89% | +55.72% | +21.34% | +51.15% |
| Cost of Revenue | 1.37M | 1.04M | 968.00K | 1.07M | 1.12M | 1.12M | 836.00K | 827.00K | 795.00K | 806.00K | 939.00K | 1.03M |
| Gross Profit | 1.70M | 1.82M | 1.78M | 2.67M | 1.98M | 13.88M | 1.47M | 1.04M | 1.39M | 1.66M | 1.97M | 1.53M |
| Operating Expenses | 54.98M | 56.55M | 36.62M | 30.41M | 28.48M | 25.17M | 21.70M | 21.68M | 20.23M | 19.18M | 18.51M | 19.94M |
| Research & Development | 28.24M | 25.79M | 13.68M | 14.07M | 12.69M | 10.29M | 9.75M | 8.67M | 8.36M | 8.53M | 7.96M | 9.46M |
| Selling, General & Admin | 26.74M | 30.75M | 22.95M | 16.33M | 15.78M | 14.88M | 11.95M | 13.01M | 11.87M | 10.65M | 10.55M | 10.48M |
| Operating Income | -53.28M | -54.73M | -34.84M | -27.74M | -26.50M | -11.29M | -20.23M | -20.64M | -18.84M | -17.52M | -16.54M | -18.41M |
| Interest Expense | 255.00K | 259.00K | — | — | 206.00K | 226.00K | — | — | — | — | — | — |
| Other Income (Expense) | 5.26M | 7.92M | -7.49M | -112.25M | -140.83M | 5.87M | -65.84M | -2.08M | 1.06M | 204.00K | 528.00K | 2.30M |
| Pretax Income | -48.02M | -46.81M | — | — | -167.33M | -5.42M | — | — | — | — | — | — |
| Income Tax | 8.00K | -28.45M | — | — | 0 | 0 | — | — | — | — | — | — |
| Net Income | -48.03M | -18.36M | -42.33M | -139.99M | -167.33M | -5.42M | -86.08M | -22.71M | -17.78M | -17.31M | -16.01M | -16.11M |
| Net Income growth (YoY) | — | — | — | — | — | — | — | — | — | — | — | — |
| EPS (Basic) | -0.13 | -0.05 | -0.13 | -0.41 | -0.55 | -0.02 | -0.43 | -0.11 | -0.10 | -0.11 | -0.07 | -0.12 |
| EPS (Diluted) | -0.13 | -0.05 | -0.13 | -0.41 | -0.55 | -0.02 | -0.43 | -0.11 | -0.10 | -0.11 | -0.07 | -0.12 |
| Shares Outstanding (Basic) | 370.84M | 367.47M | — | 342.20M | 302.29M | 286.42M | — | 201.59M | 172.14M | 161.31M | — | 133.22M |
| Shares Outstanding (Diluted) | 370.84M | 367.47M | — | 342.20M | 302.29M | 286.42M | — | 201.59M | 172.14M | 161.31M | — | 133.22M |
| EBITDA | -48.55M | -50.92M | -34.36M | -27.37M | -26.16M | -10.91M | -19.92M | -20.35M | -18.56M | -17.29M | -16.32M | -18.18M |
| Gross Margin | 55.40% | 63.61% | 64.83% | 71.38% | 63.84% | 92.51% | 63.79% | 55.78% | 63.58% | 67.30% | 67.69% | 59.68% |
| Operating Margin | -1732.05% | -1914.87% | -1265.95% | -741.80% | -856.28% | -75.27% | -876.22% | -1103.53% | -862.99% | -710.59% | -569.24% | -718.46% |
| Net Margin | -1561.38% | -642.30% | -1538.01% | -3743.94% | -5406.43% | -36.14% | -3727.89% | -1214.55% | -814.38% | -702.31% | -551.07% | -628.65% |
This table shows 12 quarterly periods of D-Wave Quantum's income statement, from Q2 2026 back to Q3 2023, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow QBTS's reporting calendar. What is a income statement?