QBTS · D-Wave Quantum Inc.
$21.37
-0.46 (-2.11%)
At close · Aug 5
Earnings today
Market Cap
$5.94B
Shares
366.74M
D-Wave Quantum Inc. Earnings Call Transcripts
Every quarterly earnings call for D-Wave Quantum Inc. (QBTS) — the full transcript with speaker labels, the audio replay, AI call highlights and a management-tone score, plus the matching 8-K earnings release and the quarter's 10-Q or 10-K. Investor days and conferences appear here too.
Revenue & result across quarters
Revenue Net income YoY up YoY down artefacts
▲20.6%
$1.37M
−$12.30M
'22 Q2
22-08-16
▲29.7%
$1.70M
−$11.65M
'22 Q3
22-11-10
▼7.6%
$1.58M
−$24.41M
'23 Q1
23-04-14
▲24.5%
$1.71M
−$26.19M
'23 Q2
23-08-10
▲51.2%
$2.56M
−$16.11M
'23 Q3
23-11-09
▲21.4%
$2.91M
−$16.01M
'23 Q4
24-03-28
▲55.7%
$2.46M
−$17.31M
'24 Q1
24-05-13
▲27.9%
$2.18M
−$17.78M
'24 Q2
24-08-08
▼27%
$1.87M
−$22.71M
'24 Q3
24-11-14
▼20.5%
$2.31M
−$86.08M
'24 Q4
25-03-13
▲508.6%
$15.00M
−$5.42M
'25 Q1
25-05-08
▲41.8%
$3.10M
−$167.33M
'25 Q2
25-08-07
▲99.9%
$3.74M
−$139.99M
'25 Q3
25-11-06
▲19.2%
$2.75M
−$42.33M
'25 Q4
26-02-26
LATEST
▼80.9%
$2.86M
−$18.36M
'26 Q1
26-05-12
Earnings call
FY26 · Q2
2026-08-06
D-Wave Q2 2026 Earnings Results
Scheduled
Results not yet reported
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY26 · Q1
2026-05-12
D-Wave Quantum Inc. Q1 FY2026 Earnings Call
Confident tone
Total addressable market and modality split
Dual-rail gate model advantage
Financial performance / backlog
Revenue
$2.86M
▼ 80.9% YoY Diluted EPS
$-0.05
Gross margin
63.6%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q4
2026-02-26
D-Wave Quantum Inc. Q4 FY2025 Earnings Call
Confident tone
Revenue growth and bookings momentum
Dual-platform strategy (annealing + gate-model)
System sales pipeline expansion
Revenue
$2.75M*
▲ 19.2% YoY Gross margin
64.8%
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY25 · Q3
2025-11-06
D-Wave Quantum Inc. Q3 FY2025 Earnings Call
Confident tone
Revenue and bookings growth
Commercial customer traction and production deployments
International expansion and strategic partnerships
Revenue
$3.74M
▲ 99.9% YoY Diluted EPS
$-0.41
Gross margin
71.4%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q2
2025-08-07
D-Wave Quantum Inc. Q2 FY2025 Earnings Call
Confident tone
Annealing vs. Gate Model Positioning
Advanced Cryogenic Packaging / JPL Partnership
Quantum AI / Machine Learning Integration
Revenue
$3.10M
▲ 41.8% YoY Diluted EPS
$-0.55
Gross margin
63.8%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY25 · Q1
2025-05-08
D-Wave Quantum Inc. Q1 FY2025 Earnings Call
Confident tone
Product roadmap and Advantage2 launch
Quantum supremacy and research milestones
Gate model development
Revenue
$15.00M
▲ 508.6% YoY Diluted EPS
$-0.02
Gross margin
92.5%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q4
2025-03-13
D-Wave Quantum Inc. Q4 FY2024 Earnings Call
Confident tone
System sales go-to-market
Quantum supremacy demonstration
Advantage 2 technical roadmap
Revenue
$2.31M*
▼ 20.5% YoY Gross margin
63.8%
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY24 · Q3
2024-11-14
D-Wave Quantum Inc. Q3 FY2024 Earnings Call
Confident tone
TAM and competitive positioning vs gate-model
NTT DOCOMO commercial production deployment
Generative AI and quantum
Revenue
$1.87M
▼ 27% YoY Diluted EPS
$-0.11
Gross margin
55.8%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q2
2024-08-08
D-Wave Quantum Inc. Q2 FY2024 Earnings Call
Confident tone
Revenue backlog and contract duration shift
Quantum AI roadmap and Zapata partnership
Patent portfolio and IP moat
Revenue
$2.18M
▲ 27.9% YoY Diluted EPS
$-0.10
Gross margin
63.6%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY24 · Q1
2024-05-13
D-Wave Quantum Inc. Q1 FY2024 Earnings Call
Confident tone
Financial Performance & Liquidity
Commercial Traction & Bookings Growth
Government & Research Partnerships
Revenue
$2.46M
▲ 55.7% YoY Diluted EPS
$-0.11
Gross margin
67.3%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q4
2024-03-28
D-Wave Quantum Inc. Q4 FY2023 Earnings Call
Confident tone
Commercial Momentum and Bookings
Quantum Supremacy Milestone
Advantage2 Product Launch
Revenue
$2.91M*
▲ 21.4% YoY Gross margin
67.7%
Rev · 8q
Audio
Transcript
Slides
8-K10-K
Earnings call
FY23 · Q3
2023-11-09
D-Wave Quantum Inc. Q3 FY2023 Earnings Call
Revenue
$2.56M
▲ 51.2% YoY Diluted EPS
$-0.12
Gross margin
59.7%
Rev · 8q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q2
2023-08-10
D-Wave Quantum Inc. Q2 FY2023 Earnings Call
Revenue
$1.71M
▲ 24.5% YoY Diluted EPS
$-0.21
Gross margin
41.3%
Rev · 7q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY23 · Q1
2023-04-14
D-Wave Quantum Inc. Q1 FY2023 Earnings Call
Revenue
$1.58M
▼ 7.6% YoY Diluted EPS
$-0.20
Gross margin
26.6%
Rev · 6q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY22 · Q3
2022-11-10
D-Wave Quantum Inc. Q3 FY2022 Earnings Call
Revenue
$1.70M
▲ 29.7% YoY Diluted EPS
$-0.10
Gross margin
61.4%
Rev · 5q
Audio
Transcript
Slides
8-K10-Q
Earnings call
FY22 · Q2
2022-08-16
D-Wave Quantum Inc. Q2 FY2022 Earnings Call
Revenue
$1.37M
▲ 20.6% YoY Diluted EPS
$-0.10
Gross margin
54.8%
Rev · 4q
Audio
Transcript
Slides
8-K10-Q
Showing 1–16 of 16 earnings calls
Key facts
CIK
1907982
CUSIP
26740W109
13F (30d)
236 filings
236 filers
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