To the full analysis
D-Wave Quantum stock: growth
QBTSD-Wave Quantum reported $24.59M in revenue for fiscal 2025, up 178.5% on the prior year, up 36.7% a year on average over up to five years.
Daily figure as of 13 Nov 2026
Revenue (Annual rate)
36.7%
per year from 2020 to 2025, per share 10.2%
Earnings (Annual rate)
no data
Free cash flow (Annual rate)
no data
Growth per year by period
What reaches shareholders is growth per share: buybacks lift it, new shares dilute it.
| since 2020 | |
|---|---|
| Revenue | 36.7% |
| Revenue per share | 10.2% |
| Earnings | no data |
| Earnings per share | no data |
| Free cash flow | no data |
| Free cash flow per share | no data |
Fiscal years at a glance
How revenue and earnings grow
- Revenue
- Earnings
- Free cash flow
Figures as a table
| Year | Revenue | Earnings | Free cash flow |
|---|---|---|---|
| 2020 | $5.16M | −$21.97M | −$30.08M |
| 2021 | $6.28M | −$40.97M | −$36.8M |
| 2022 | $7.17M | −$53.7M | −$45.72M |
| 2023 | $8.76M | −$82.72M | −$61.28M |
| 2024 | $8.83M | −$143.88M | −$44.75M |
| 2025 | $24.59M | −$355.06M | −$75.84M |
Revenue by region
Where D-Wave Quantum Inc. generates its revenue.
- Germany68%
- United States11%
- Japan5%
- Switzerland4%
- Canada4%
- Other8%
“Other” combines smaller regions with revenue the company does not assign to a region.
Figures as a table
| 2022 | 2023 | 2024 | 2025 | Share 2025 | |
|---|---|---|---|---|---|
| Germany | $1.15M | $1.27M | $1.89M | $16.77M | 68.2% |
| United States | $3.34M | $3.33M | $2.15M | $2.65M | 10.8% |
| Japan | $1.24M | $909K | $1.13M | $1.32M | 5.4% |
| Switzerland | no data | no data | no data | $960K | 3.9% |
| Canada | no data | no data | $1.1M | $878K | 3.6% |
| Other | $1.44M | $3.26M | $2.55M | $2.01M | 8.2% |
| Total revenue | $7.17M | $8.76M | $8.83M | $24.59M | 100% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 28 Feb 2025)
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.