D-Wave Q1 2026: Record bookings $33.4M (+1,994% YoY); revenue $2.9M; net loss $0.05/share

D-Wave Quantum Inc.

• Record quarterly bookings of $33.4M, up 1,994% YoY from $1.6M; includes $20M system sale to FAU and $10M Fortune 100 QCaaS deal.
• Revenue $2.9M, down 81% YoY due to prior year including $12.6M system sale; GAAP net loss $18.4M ($0.05 per share) vs $5.4M loss.
• Remaining performance obligations $42.4M, up 563% YoY; cash position $588M, up 93% YoY.
• Acquired Quantum Circuits in Jan 2026; roadmap targets 175-physical-qubit dual-rail system by end 2028 and 100 logical qubits by 2032.
• Non-GAAP adjusted operating expenses $34.8M, up 73% YoY; adjusted EBITDA loss $32.8M vs $6.1M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.