D-Wave Reports Third Quarter 2026 Results
Business Wire•10/11/2026•07:00 ET
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Key Highlights
- ➤Revenue $4.5 million, up 21% year over year
- ➤RPO $38.3 million, up 1,221% year over year
- ➤Nine-month bookings $37.4 million, up 611% year over year
- ➤CHIPS Act agreement provides access to up to $100 million
- ➤Adjusted EBITDA loss $37.7 million, up 83% year over year
Expert Statements
Alan Baratz, CEO of D-Wave
“From Seoul to Como to Washington, we are seeing growing interest in D-Wave’s differentiated dual-platform approach and a determination to put our quantum computing technology to work today,”
Alan Baratz, CEO of D-Wave
“Our triple-digit increase in year-to-date bookings and robust pipeline reinforce our confidence in the opportunity ahead. We are expanding our commercial reach and executing on both our annealing and gate-model roadmaps with a clear objective: to lead this industry in technical and scientific innovation, measurable customer value and growth.”
Remaining Performance Obligations of $38.3 Million Up 1,221% Year Over Year
D-Wave Quantum Inc. (NASDAQ: QBTS) (“D-Wave” or the “Company”), the only dual-platform quantum computing company, providing both annealing and gate-model systems, software, and services, today announced financial results for its third quarter ended September 30, 2026.
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