Economic Atlas
Companies/D-Wave Quantum Inc.
Company profile

D-Wave Quantum Inc.

NYSE: QBTS · Technology · Computer Hardware
Canadian filerHQ Palo Alto, BCCIK 0001907982Reports USD
#551 of 1,169 Technology companies by revenuetop-decile growth
EA Score
46D
Revenue TTM
$12.4M
Rev growth YoY (TTM)
-41.7%
Net income (FY)
-$355.1M
Employees
385
as of 2026-08-06
Market cap
$7.8B
as of 2026-08-06

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$24.6M$24.6M2025
Net income-$355.1M-$355.1M2025
Operating income-$100.4M-$100.4M2025
Total assets$915.8M$915.8M2025
Liabilities$63.6M$63.6M2025
Equity$852.2M$852.2M2025

Revenue trend

FY2022 – FY2025 · USD
FY22
FY22
FY22
FY23
FY24
FY25

Revenue by segment

Filed disclosures · FY2025
By product
System Sales85%
Professional Services14%
Product and Service, Other1%
By geography
GERMANY68%
UNITED STATES11%
Other Geographical Areas8%
JAPAN5%
SWITZERLAND4%
CANADA4%
The read

What is D-Wave Quantum Inc.’s revenue?

D-Wave Quantum Inc. booked $24.6M in FY2025 revenue, growing 179% year over year — faster than 91% of Technology companies we track, at a -1444.1% net margin.

Peers · Technology
Victory Square Technologies Inc.64CAmpliTech Group, Inc.49DGSI Technology, Inc.58CAdcore Inc.48DTribe Property Technologies Inc.42DSOLAI Limited29D
Key facts
CEOAlan E. Baratz
SectorTechnology
IndustryComputer Hardware
HeadquartersPalo Alto, BC
ExchangeNYSE: QBTS
Employees385
IPO date2020-12-11
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.