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

D-Wave Quantum Inc.

2026-Q1 EPS reported -$0.05 vs consensus -$0.07 ▲ beat (+33.3%)

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.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

D-Wave Quantum Inc. reported financial results for first quarter ended March 31, 2026.

Period: first quarter ended March 31, 2026
Result: reported results

Exact text from the filing

On May 12, 2026 , D-Wave Quantum Inc. (the “Company”) issued a press release announcing its financial results for the first quarter ended March 31, 2026

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D-Wave Quantum Inc. filing history →

Source: SEC EDGAR

accession 0001907982-26-000057

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