D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide. It provides Advantage and Advantage 2 quantum computers; Ocean, a suite of open-source tools; and Leap quantum cloud service, a cloud-based service that provides real-time access to quantum computers and quantum hybrid solvers; and secure access and data protection services, as well as Ocean software development kit (SDK), a Python-based SDK for developers to learn and build applications on company's server. The company also provides Leap hybrid solver service that offers a combination…
| Quarter | Revenue | YoY | Net Income | EPS (dil.) | YoY | Gross Margin | Op. Margin |
|---|---|---|---|---|---|---|---|
| Q1 2026 Mar 2026 | $2.9M | -80.9% | $-18.4M | $-0.05 | -150.0% | 63.6% | -1,914.9% |
| Q4 2025 Dec 2025 | $2.8M | +19.2% | $-42.3M | $-0.12 | +67.6% | 64.8% | -1,266.0% |
| Q3 2025 Sep 2025 | $3.7M | — | $-140.0M | $-0.41 | — | 71.4% | -741.8% |
| Q2 2025 Jun 2025 | $3.1M | — | $-167.3M | $-0.55 | — | 63.8% | -856.3% |
| Q1 2025 Mar 2025 | $15.0M | — | $-5.4M | $-0.02 | — | 92.5% | -75.3% |
Data from Yahoo Finance. YoY compares the same quarter of the prior fiscal year.
Was the D-Wave Quantum Plunge just panic selling, or is QBTS finally facing a harsher reality check? Maik Kemper Editor in Chief Liquidity in quantum equities remains thin,…
