Earnings ·
D-Wave reports Q3 revenue of $4.5M, up 21%, with RPO surging to $38.3M
QBTSD-Wave Quantum Inc.
D-Wave Quantum Inc. reported third-quarter 2026 revenue of $4.5 million, a 21% increase year over year, driven by growth in professional services and quantum computing as a service (QCaaS). Bookings for the first nine months reached $37.4 million, up 611%, while remaining performance obligations (RPO) jumped to $38.3 million, reflecting a 1,221% increase from the prior year period. The company also finalized an agreement with the U.S. Department of Commerce for access to up to $100 million in CHIPS and Science Act funding. D-Wave operates as a dual-platform quantum computing provider offering annealing and gate-model systems, software, and services.