Filing Flows › D-Wave Quantum (QBTS) › Q2 2026 › vs Q2 2025
D-Wave Quantum (QBTS) Q2 2026 vs Q2 2025 (year over year)
D-Wave Quantum's revenue fell $19K (-0.6%) from $3.1M in Q2 2025 to $3.1M in Q2 2026. The biggest changes: System sales −$770K (-75%); QCaaS +$619K (+50%); Professional services +$144K (+18%).
D-Wave Quantum, Q2 2026: revenue $3.1M (-0.6% year over year), net loss $48.0M, operating cash flow −$28.5M. The chart draws each line against Q2 2025, the increases inside each band.
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| QCaaS | $1.9M | $1.2M | $619K | +50% |
| Professional services | $929K | $785K | $144K | +18% |
| System sales | $255K | $1.0M | −$770K | -75% |
| Other revenue | $32K | $44K | −$12K | -27% |
| Revenue | $3.1M | $3.1M | −$19K | -0.6% |
| Other income, net | $5.3M | −$141M | $146M | — |
| Net loss | $48.0M | $167M | −$119M | -71% |
| Costs & expenses | $56.4M | $170M | −$114M | -67% |
| Operating costs | $56.4M | $29.6M | $26.8M | +90% |
| Income tax | $8K | $0 | $8K | — |
| Cost of revenue | $1.4M | $1.1M | $253K | +23% |
| Research & development | $28.2M | $12.7M | $15.5M | +122% |
| Sales & marketing | $11.4M | $6.6M | $4.7M | +71% |
| General & admin | $15.4M | $9.2M | $6.2M | +68% |
| Operating cash sources | $48.0M | $167M | −$119M | -71% |
| Depreciation & amortization | $4.7M | $338K | $4.4M | 14× |
| Share-based compensation | $11.1M | $6.7M | $4.4M | +67% |
| Working capital & other | $3.7M | $145M | −$141M | -97% |
| Cash used in operations | $28.5M | $15.3M | $13.2M | +86% |
| Net loss absorbed | $48.0M | $167M | −$119M | -71% |
Questions
How much did D-Wave Quantum's revenue grow year over year in Q2 2026?
D-Wave Quantum's revenue fell $19K (-0.6%) from $3.1M in Q2 2025 to $3.1M in Q2 2026.
What drove D-Wave Quantum's revenue change in Q2 2026?
System sales −$770K (-75%); QCaaS +$619K (+50%); Professional services +$144K (+18%).