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D-Wave Quantum Inc. (QBTS)
NYSE: QBTS · Real-Time Price · USD
19.31
+1.12 (6.16%)
May 20, 2026, 2:13 PM EDT - Market open

Revenue

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20
System Sales Revenue
3.62M16.18M-
System Sales Revenue Growth
-77.62%--
Quantum Computing as a Service (QCaaS) Revenue
5.74M5.52M6.75M
Quantum Computing as a Service (QCaaS) Revenue Growth
4.10%-18.21%37.79%
Professional Services Revenue
2.93M2.72M1.94M
Professional Services Revenue Growth
7.57%40.35%-49.21%
Other Product or Services Revenue
154.00K168.00K144.00K
Other Product or Services Revenue Growth
-8.33%16.67%206.38%
Revenue (Total)
12.44M24.59M8.83M
Revenue (Total) Growth
-49.39%178.54%0.79%

Revenue by Geography

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20
Germany Revenue
4.14M16.77M1.89M
Germany Revenue Growth
-75.33%785.16%49.37%
United States Revenue
3.85M2.65M2.15M
United States Revenue Growth
44.95%23.38%-35.31%
Japan Revenue
1.22M1.32M1.13M
Japan Revenue Growth
-7.60%16.15%24.64%
Canada Revenue
715.00K878.00K1.10M
Canada Revenue Growth
-18.57%-20.25%154.86%
Other Countries Revenue
2.53M2.98M2.55M
Other Countries Revenue Growth
-14.95%16.84%-9.77%
Revenue (Other)
-2.00K-3.00K-
Revenue (Total)
12.44M24.59M8.83M
Revenue (Total) Growth
-49.39%178.54%0.79%

Key Performance Indicators

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21 Dec '20
Remaining Performance Obligations (RPO)
42.40M13.40M19.40M
Remaining Performance Obligations (RPO) Growth
216.42%-30.93%288.00%
Remaining Performance Obligations (RPO) to be Recognized Over NTM
54.00%14.00%93.00%
Bookings
50.50M18.70M23.90M
Bookings Growth
170.05%-21.76%127.62%
Number of Commercial Customers
-70.0076.00
Number of Commercial Customers Growth
--7.90%-2.56%
Number of Research Institution and Government Customers
-65.0059.00
Number of Research Institution and Government Customers Growth
-10.17%7.27%
Total Number of Customers
100.00135.00135.00
Total Number of Customers Growth
-25.93%-1.50%
Updated May 12, 2026. Data Source: Fiscal.ai.