Filing Flows › D-Wave Quantum (QBTS) › How it makes money
How D-Wave Quantum (QBTS) makes money
D-Wave Quantum (QBTS) made $3.1M of revenue in the second quarter 2026 (Q2 2026), -0.6% from a year earlier. QCaaS brought in $1.9M (60%); Professional services brought in $929K (30%); System sales brought in $255K (8%).
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| QCaaS | $1.9M | 60.5% | +6% | +50% |
| Professional services | $929K | 30.2% | -5% | +18% |
| System sales | $255K | 8.3% | +197% | -75% |
| Other revenue | $32K | 1.0% | +7% | -27% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $3.1M | 100.0% |
| Income tax | $8K | 0.3% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $3.1M | -0.6% |
| Q1 2026 | $2.9M | -81% |
| Q4 2025 | $2.8M | +19% |
| Q3 2025 | $3.7M | +100% |
| Q2 2025 | $3.1M | +42% |
| Q1 2025 | $15.0M | +509% |
| Q4 2024 | $2.3M | -20% |
From D-Wave Quantum's 10-Q filed Aug 6, 2026 (on EDGAR).
Questions
How does D-Wave Quantum make money?
D-Wave Quantum (QBTS) made $3.1M of revenue in the second quarter 2026 (Q2 2026), -0.6% from a year earlier. QCaaS brought in $1.9M (60%); Professional services brought in $929K (30%); System sales brought in $255K (8%).
What is D-Wave Quantum's biggest business?
QCaaS: $1.9M in the second quarter 2026, 60% of revenue, +50% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.