D-Wave Quantum (QBTS) Revenue & Revenue Breakdown
D-Wave Quantum Revenue Highlights
Latest Revenue (Y)
$8.76M
Latest Revenue (Q)
$2.18M
Main Segment (Y)
Professional Services
Main Geography (Y)
UNITED STATES
D-Wave Quantum Revenue by Period
D-Wave Quantum Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $8.76M | 22.10% |
| 2022-12-31 | $7.17M | 14.24% |
| 2021-12-31 | $6.28M | 21.69% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $2.18M | -11.44% |
| 2024-03-31 | $2.46M | -15.18% |
| 2023-12-31 | $2.91M | 13.43% |
| 2023-09-30 | $2.56M | 50.09% |
| 2023-06-30 | $1.71M | 7.83% |
| 2023-03-31 | $1.58M | -33.90% |
| 2022-12-31 | $2.40M | 41.30% |
| 2022-09-30 | $1.70M | 23.63% |
| 2022-06-30 | $1.37M | -19.96% |
| 2022-03-31 | $1.71M | -29.39% |
| 2021-12-31 | $2.43M | 85.62% |
| 2021-09-30 | $1.31M | 14.95% |
| 2021-06-30 | $1.14M | -19.36% |
| 2021-03-31 | $1.41M | - |
D-Wave Quantum generated $2.18M in revenue during Q2 2024, up -11.44% compared to the previous quarter, and up 137.90% 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/Service | Dec 23 | Dec 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/Service | Mar 24 | Dec 23 | Jun 23 | Dec 22 | Sep 22 | Jun 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
| Country | Dec 23 | Dec 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
| Country | Mar 24 | Dec 23 | Jun 23 | Dec 22 | Sep 22 | Jun 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| SMCI | Super Micro Computer | $5.84B | $3.85B |
| CRCT | Cricut | $765.15M | $167.95M |
| SSYS | Stratasys | $627.60M | $144.05M |
| QMCO | Quantum | $311.60M | $71.34M |
| DM | Desktop Metal | $189.70M | $36.41M |
| VLD | Velo3D | $77.56M | $10.34M |
| NNDM | Nano Dimension | $56.31M | $13.51M |
| IONQ | IonQ | $22.04M | $7.58M |
| RCAT | Red Cat | $17.84M | $2.78M |
| RGTI | Rigetti Computing | $12.01M | $3.09M |
| QBTS | D-Wave Quantum | $8.76M | $2.18M |
| STRC | Palladyne AI | $6.15M | $3.44M |
| QUBT | Quantum Computing | $358.05K | $183.00K |
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 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). The company'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). QBTS's quarterly revenue for Q4 2023 was $2.91M, a 13.43% increase from the previous quarter (Q3 2023), and a 21.34% increase year-over-year (Q4 2022).
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.