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QBTSD-Wave Quantum Inc.$ --
D-Wave Quantum Inc.

D-Wave Quantum Inc.

QBTS

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Review earnings summary, surprise history, and upcoming forecasts.

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Earnings Summary
Updated: 03/31/2026FY2026 Q1
Revenue
3M USD
YoY -80.9%
Operating Income
-55M USD
YoY -384.7%
Net Income
-18M USD
YoY -238.6%
EPS
-0.05$
YoY -164.6%

Revenue

$2.9M
FY2024 Q2$4.6M
$4.6M
Q2
FY2024 Q3$6.5M
$6.5M
Q3
FY2024 Q4$8.8M
$8.8M
Q4
FY2025 Q1$15M
$15M
Q1
FY2025 Q2$18.1M
$18.1M
Q2
FY2025 Q3$21.8M
$21.8M
Q3
FY2025 Q4$24.6M
$24.6M
Q4
FY2026 Q1$2.9M
$2.9M
Q1
Actual
$-12.1M (-80.9%)

Net Income

$-18.4M
FY2024 Q2$-35.1M
$-35.1M
Q2
FY2024 Q3$-57.8M
$-57.8M
Q3
FY2024 Q4$-143.9M
$-143.9M
Q4
FY2025 Q1$-5.4M
$-5.4M
Q1
FY2025 Q2$-172.8M
$-172.8M
Q2
FY2025 Q3$-312.7M
$-312.7M
Q3
FY2025 Q4$-355.1M
$-355.1M
Q4
FY2026 Q1$-18.4M
$-18.4M
Q1
Actual
$-12.9M (-238.6%)

Surprise History

Actual RevenueAnalyst Estimate
FY2020
Actual:$5.2M
FY2020
$5.2M
FY2021
Actual:$6.3M
FY2021
$6.3M
FY2022MISS
Actual:$7.2M
Est:$7.5M
FY2022MISS
$7.2M
FY2023MISS
Actual:$8.8M
Est:$10.1M
FY2023MISS
$8.8M
FY2024BEAT
Actual:$8.8M
Est:$8.8M
FY2024BEAT
$8.8M
FY2025MISS
Actual:$24.6M
Est:$25.6M
FY2025MISS
$24.6M

Analyst Estimates