The table below shows D-Wave Quantum Inc.'s income statement by quarter, as reported in the company's quarterly filings. All figures are in US dollars; negative values appear in red.
Line item
Q1 2026
Q3 2025
Q2 2025
Q1 2025
Q3 2024
Q2 2024
Revenue
$2.86M
$3.74M
$3.10M
$15.00M
$1.87M
$2.18M
Cost of revenue
$1.04M
$1.07M
$1.12M
$1.12M
$827.00K
$795.00K
Gross profit
$1.82M
$2.67M
$1.98M
$13.88M
$1.04M
$1.39M
R&D
$25.79M
$14.07M
$12.69M
$10.29M
$8.67M
$8.36M
QBTS annual revenue (10-K history)
D-Wave Quantum Inc. reported annual revenue of $24.59M for fiscal year 2025. That is up 178.5% from $8.83M in fiscal 2024. Over the 6 fiscal years shown, annual revenue grew from $5.16M (FY 2020) to $24.59M. Figures come from the company's audited annual reports as filed with the SEC.