D-Wave Quantum Inc. (NASDAQ: QBTS) reported third-quarter 2026 revenue of $4.5 million, up 21% from a year earlier. The company recorded a net loss of $48.2 million, or $0.13 per basic and diluted share, for the quarter ended September 30, 2026.
Remaining performance obligations totaled $38.3 million at quarter-end, up 1,221% year over year. D-Wave also reported $503.4 million in consolidated cash and marketable investment securities.
- Third-quarter revenue was $4.513 million, compared with $3.739 million a year earlier.
- Net loss was $48.197 million, compared with a $139.986 million loss in the prior-year quarter.
- Third-quarter bookings were $1.9 million, down approximately 19% year over year.
- Bookings for the first nine months of 2026 totaled $37.4 million, up 611% year over year.
- D-Wave executed an agreement providing access to up to $100 million in U.S. CHIPS and Science Act funding, subject to milestones and conditions.
