D-Wave Quantum (QBTS) revenue breakdown
By product, System sales is the largest at 66% of fiscal 2025 revenue; Professional services grew fastest, 45% a year over 5 years.
By region, Germany is the largest at 68% of fiscal 2025 revenue, growing 155% a year over 5 years.
Revenue by product
Fiscal years, as D-Wave Quantum reports them in its 10-K filings; fiscal 2025 total $25M.
| Products | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| System sales | — | — | — | — | — | $16M | 66% |
| QCaaS | $4M | $4M | $6M | $5M | $7M | $6M | 22% |
| Professional services | $426,000 | $2M | $1M | $4M | $2M | $3M | 11% |
| Other revenue | $421,000 | $69,000 | $79,000 | $47,000 | $144,000 | $168,000 | 1% |
Revenue by region
Fiscal years, as D-Wave Quantum reports them in its 10-K filings; fiscal 2025 total $25M.
| Regions | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|
| Germany | $155,000 | $741,000 | $1M | $1M | $2M | $17M | 68% |
| United States | $3M | $3M | $3M | $3M | $2M | $3M | 11% |
| Other | $256,000 | $499,000 | $1M | $3M | $2M | $2M | 8% |
| Japan | $2M | $2M | $1M | $909,000 | $1M | $1M | 5% |
| Switzerland | — | — | — | — | $778,000 | $960,000 | 4% |
| Canada | — | — | — | $432,000 | $1M | $878,000 | 4% |
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Where does D-Wave Quantum make its money?
In fiscal 2025, by product: System sales $16M, QCaaS $6M, Professional services $3M, Other revenue $168,000.
From D-Wave Quantum's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.