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D-Wave Quantum (QBTS) Revenue & Revenue Breakdown

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D-Wave Quantum Revenue Highlights

Latest Revenue (Y)

$8.83M

Latest Revenue (Q)

$2.31M

Main Segment (Y)

Professional Services

Main Geography (Y)

Other Geographical Areas

D-Wave Quantum Revenue by Period

D-Wave Quantum Revenue by Year

DateRevenueChange
2024-12-31$8.83M0.79%
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 $8.83M in revenue during NA 2024, up 0.79% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

D-Wave Quantum Revenue by Quarter

DateRevenueChange
2024-12-31$2.31M23.48%
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 $2.31M in revenue during Q4 2024, up 23.48% compared to the previous quarter, and up 90.12% 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 24Dec 23Dec 22
Product and Service, Other$144.00K$47.00K$79.00K
Professional Services$1.94M$3.82M$1.48M

D-Wave Quantum's latest annual revenue breakdown by segment (product or service), as of Dec 24: Professional Services (93.08%), and Product and Service, Other (6.92%).

Quarterly Revenue by Product

Product/ServiceMar 25Dec 24Mar 24Dec 23Jun 23Dec 22Sep 22Jun 22
System Sales$12.65M-------
Professional Services$777.00K$1.30M$639.00K$2.75M$655.00K$666.00K$347.00K$156.00K
Product and Service, Other$44.00K$10.00K$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 25: System Sales (93.90%), Professional Services (5.77%), and Product and Service, Other (0.33%).

D-Wave Quantum Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22
Other Geographical Areas$2.55M$3.26M$1.44M
UNITED STATES$2.15M$3.33M$3.34M
CANADA$1.10M--
GERMANY$1.89M$1.27M$1.15M
JAPAN$1.13M$909.00K$1.24M

D-Wave Quantum's latest annual revenue breakdown by geography, as of Dec 24: Other Geographical Areas (28.87%), UNITED STATES (24.37%), GERMANY (21.46%), JAPAN (12.84%), and CANADA (12.47%).

Quarterly Revenue by Country

CountryMar 25Dec 24Mar 24Dec 23Jun 23Dec 22Sep 22Jun 22
Other Geographical Areas$915.00K$1.64M$905.00K$2.52M$231.00K$888.00K$214.00K$177.00K
UNITED STATES$497.00K$1.43M$723.00K$2.59M$485.00K$881.00K$951.00K$655.00K
CANADA$304.00K-------
GERMANY$12.80M$1.38M$512.00K$696.00K$284.00K$393.00K$237.00K$257.00K
JAPAN$482.00K$808.00K$325.00K$338.00K$263.00K$233.00K$293.00K$282.00K
SWITZERLAND----$274.00K---

D-Wave Quantum's latest quarterly revenue breakdown by geography, as of Mar 25: GERMANY (85.35%), Other Geographical Areas (6.10%), UNITED STATES (3.31%), JAPAN (3.21%), and CANADA (2.03%).

D-Wave Quantum Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
SMCISuper Micro Computer$14.94B$4.60B
CRCTCricut$712.54M$209.31M
SSYSStratasys$627.60M$144.05M
QMCOQuantum$311.60M$72.55M
DMDesktop Metal$189.70M$36.41M
NNDMNano Dimension$56.31M$13.51M
IONQIonQ$43.07M$11.71M
RCATRed Cat$17.84M$1.53M
RGTIRigetti Computing$10.79M$1.47M
QBTSD-Wave Quantum$8.83M$2.31M
QUBTQuantum Computing$373.00K$39.00K

QBTS Revenue FAQ

What is D-Wave Quantum’s yearly revenue?

D-Wave Quantum's yearly revenue for 2024 was $8.83M, representing an increase of 0.79% compared to 2023. The company's yearly revenue for 2023 was $8.76M, representing an increase of 22.10% compared to 2022. QBTS's yearly revenue for 2022 was $7.17M, representing an increase of 14.24% compared to 2021.

What is D-Wave Quantum’s quarterly revenue?

D-Wave Quantum's quarterly revenue for Q4 2024 was $2.31M, a 23.48% increase from the previous quarter (Q3 2024), and a -20.54% decrease year-over-year (Q4 2023). The company'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). QBTS'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).

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

D-Wave Quantum's revenue growth rate for the last 3 years (2022-2024) was 23.06%, and for the last 5 years (2020-2024) was 71.07%.

What are D-Wave Quantum’s revenue streams?

D-Wave Quantum's revenue streams in c 24 are Product and Service, Other, and Professional Services. Product and Service, Other generated $144K in revenue, accounting 6.92% of the company's total revenue, up 206.38% year-over-year. Professional Services generated $1.94M in revenue, accounting 93.08% of the company's total revenue, down -49.21% year-over-year.

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

For the fiscal year ending Dec 24, the largest source of revenue of D-Wave Quantum was Professional Services. This segment made a revenue of $1.94M, representing 93.08% of the company's total revenue.