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D-Wave Quantum (QBTS) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

D-Wave Quantum Revenue Highlights

Latest Revenue (Y)

$8.76M

Latest Revenue (Q)

$1.87M

Main Segment (Y)

Professional Services

Main Geography (Y)

UNITED STATES

D-Wave Quantum Revenue by Period

D-Wave Quantum Revenue by Year

DateRevenueChange
2023-12-31$8.76M22.10%
2022-12-31$7.17M14.24%
2021-12-31$6.28M21.69%
2020-12-31$5.16M-

D-Wave Quantum generated $8.76M in revenue during NA 2023, up 22.10% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

D-Wave Quantum Revenue by Quarter

DateRevenueChange
2024-09-30$1.87M-14.34%
2024-06-30$2.18M-11.44%
2024-03-31$2.46M-15.18%
2023-12-31$2.91M13.43%
2023-09-30$2.56M50.09%
2023-06-30$1.71M7.83%
2023-03-31$1.58M-33.90%
2022-12-31$2.40M41.30%
2022-09-30$1.70M23.63%
2022-06-30$1.37M-19.96%
2022-03-31$1.71M-29.39%
2021-12-31$2.43M85.62%
2021-09-30$1.31M14.95%
2021-06-30$1.14M-19.36%
2021-03-31$1.41M-

D-Wave Quantum generated $1.87M in revenue during Q3 2024, up -14.34% compared to the previous quarter, and up 109.55% compared to the same period a year ago.

D-Wave Quantum Revenue Breakdown

D-Wave Quantum Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22
Product and Service, Other$47.00K$79.00K
Professional Services$3.82M$1.48M

D-Wave Quantum's latest annual revenue breakdown by segment (product or service), as of Dec 23: Professional Services (98.78%), and Product and Service, Other (1.22%).

Quarterly Revenue by Product

Product/ServiceMar 24Dec 23Jun 23Dec 22Sep 22Jun 22
Professional Services$639.00K$2.75M$655.00K$666.00K$347.00K$156.00K
Product and Service, Other$134.00K$18.00K$20.00K$18.00K$2.00K$39.00K

D-Wave Quantum's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Professional Services (82.66%), and Product and Service, Other (17.34%).

D-Wave Quantum Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22
JAPAN$909.00K$1.24M
Other Geographical Areas$3.26M$1.44M
UNITED STATES$3.33M$3.34M
GERMANY$1.27M$1.15M

D-Wave Quantum's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (37.97%), Other Geographical Areas (37.18%), GERMANY (14.48%), and JAPAN (10.38%).

Quarterly Revenue by Country

CountryMar 24Dec 23Jun 23Dec 22Sep 22Jun 22
UNITED STATES$723.00K$2.59M$485.00K$881.00K$951.00K$655.00K
JAPAN$325.00K$338.00K$263.00K$233.00K$293.00K$282.00K
GERMANY$512.00K$696.00K$284.00K$393.00K$237.00K$257.00K
Other Geographical Areas$905.00K$2.52M$231.00K$888.00K$214.00K$177.00K
SWITZERLAND--$274.00K---

D-Wave Quantum's latest quarterly revenue breakdown by geography, as of Mar 24: Other Geographical Areas (36.71%), UNITED STATES (29.33%), GERMANY (20.77%), and JAPAN (13.18%).

D-Wave Quantum Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
SMCISuper Micro Computer$5.84B$3.85B
CRCTCricut$765.15M$167.89M
SSYSStratasys$627.60M$144.05M
QMCOQuantum$311.60M$71.34M
DMDesktop Metal$189.70M$36.41M
VLDVelo3D$77.56M$10.34M
NNDMNano Dimension$56.31M$13.51M
IONQIonQ$22.04M$12.40M
RCATRed Cat$17.84M$2.78M
RGTIRigetti Computing$12.01M$2.38M
QBTSD-Wave Quantum$8.76M$1.87M
STRCPalladyne AI$6.15M$3.44M
QUBTQuantum Computing$358.05K$101.00K

QBTS Revenue FAQ

What is D-Wave Quantum’s yearly revenue?

D-Wave Quantum's yearly revenue for 2023 was $8.76M, representing an increase of 22.10% compared to 2022. The company's yearly revenue for 2022 was $7.17M, representing an increase of 14.24% compared to 2021. QBTS's yearly revenue for 2021 was $6.28M, representing an increase of 21.69% compared to 2020.

What is D-Wave Quantum’s quarterly revenue?

D-Wave Quantum's quarterly revenue for Q3 2024 was $1.87M, a -14.34% decrease from the previous quarter (Q2 2024), and a -27.01% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $2.18M, a -11.44% decrease from the previous quarter (Q1 2024), and a 27.89% increase year-over-year (Q2 2023). QBTS's quarterly revenue for Q1 2024 was $2.46M, a -15.18% decrease from the previous quarter (Q4 2023), and a 55.72% increase year-over-year (Q1 2023).

What is D-Wave Quantum’s revenue growth rate?

D-Wave Quantum's revenue growth rate for the last 3 years (2021-2023) was 39.48%

What are D-Wave Quantum’s revenue streams?

D-Wave Quantum's revenue streams in c 23 are Product and Service, Other, and Professional Services. Product and Service, Other generated $47K in revenue, accounting 1.22% of the company's total revenue, down -40.51% year-over-year. Professional Services generated $3.82M in revenue, accounting 98.78% of the company's total revenue, up 158.19% year-over-year.

What is D-Wave Quantum’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of D-Wave Quantum was Professional Services. This segment made a revenue of $3.82M, representing 98.78% of the company's total revenue.