Reports Q4 revenue $2.75M, consensus $3.74M. Bookings for Q4 were $13.4M. “Our 2025 results mark one of the most successful and transformative years in D-Wave’s history, with meaningful growth across every key business metric – revenue, Bookings, technical milestones, and scientific breakthroughs,” said Alan Baratz, CEO of D-Wave. “We are entering 2026 with exceptional momentum: generating over $30 million in Bookings in January alone, expanding our market leadership through the acquisition of gate-model quantum computing company Quantum Circuits, Inc., and securing an eight-figure enterprise QCaaS agreement that underscores growing customer confidence in our technology’s power to transform enterprise operations. 2026 is shaping up to be a defining year for D-Wave.”
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