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D-Wave Quantum (QBTS)
NYSE:QBTS
US Market
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D-Wave Quantum (QBTS) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Apr 10, 2026
After Close (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
Last Year’s EPS
-0.08
Same Quarter Last Year
Based on 10 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 06, 2025|
% Change Since:
|
Earnings Call Sentiment|Neutral
D-Wave's earnings call showcased robust revenue growth, international expansion, and significant technological milestones, including quantum supremacy. However, the company faced challenges with increased net loss and adjusted EBITDA loss due to higher operating expenses and noncash charges.
Company Guidance
During the D-Wave Third Quarter 2025 Earnings Call, the company provided guidance highlighting several key metrics that underscore its growth and strategic direction. Revenue for the third quarter totaled $3.7 million, reflecting a 100% increase from the same period in 2024, driven by systems revenue, QCaaS, and professional services. Bookings increased by 3% year-over-year, totaling $2.4 million, with notable deals such as a EUR 10 million contract for a D-Wave Advantage2 system in Italy. The company reported a GAAP gross profit of $2.7 million, marking a 156% increase, with a gross margin of 71.4%. Non-GAAP gross profit also rose significantly to $2.9 million. D-Wave's adjusted net loss decreased to $18.1 million, and the adjusted EBITDA loss was $20.6 million. The company ended the quarter with a strong cash balance of $836.2 million, positioning it well for future growth initiatives. D-Wave emphasized its focus on quantum computing solutions, highlighting successful collaborations and technological advancements, particularly in annealing and gate model systems.
Significant Revenue Growth
Revenue in Q3 2025 totaled $3.7 million, an increase of approximately 100% from Q3 2024. Year-to-date revenue for the first 9 months of 2025 was $21.8 million, up 235% from the same period in 2024.
Successful Deployment of Advantage2 System
D-Wave's Advantage2 system is now operational at Davidson Technologies headquarters, advancing the U.S. government's use of quantum computing technology.
Strong Cash Position
The company's cash balance increased to $836.2 million as of September 30, 2025, representing a 2,700% increase from the previous year.
EUR 10 Million Contract in Italy
D-Wave signed a EUR 10 million agreement to place an Advantage2 system in Europe, reflecting strong international demand.
Quantum Supremacy Achievement
D-Wave's Advantage2 system demonstrated quantum supremacy on a useful real-world problem, distinguishing it from competitors.
Increasing High-Profile Customer Engagements
Engagements with one of the world's largest airlines, a major U.S.-based international airline, and other significant enterprises indicate strong market traction.

D-Wave Quantum (QBTS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

QBTS Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Apr 10, 2026
2025 (Q4)
- / -
-0.08
Nov 06, 2025
2025 (Q3)
-0.07 / -0.05
-0.07230.56% (+0.02)
Aug 07, 2025
2025 (Q2)
-0.05 / -0.08
-0.0844.76% (<+0.01)
May 08, 2025
2025 (Q1)
-0.04 / -0.02
-0.07472.97% (+0.05)
Mar 13, 2025
2024 (Q4)
-0.06 / -0.08
-0.063-26.98% (-0.02)
Nov 14, 2024
2024 (Q3)
-0.08 / -0.07
-0.1240.00% (+0.05)
Aug 08, 2024
2024 (Q2)
-0.08 / -0.08
-0.258.00% (+0.12)
May 13, 2024
2024 (Q1)
-0.07 / -0.07
-0.14548.97% (+0.07)
Mar 28, 2024
2023 (Q4)
-0.08 / -0.06
-0.137.00% (+0.04)
Nov 09, 2023
2023 (Q3)
-0.13 / -0.12
-0.11-9.09% (>-0.01)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

QBTS Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 06, 2025
$31.02$28.39-8.48%
Aug 07, 2025
$17.58$17.17-2.33%
May 08, 2025
$6.89$10.42+51.23%
Mar 13, 2025
$5.82$6.91+18.73%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does D-Wave Quantum (QBTS) report earnings?
D-Wave Quantum (QBTS) is schdueled to report earning on Apr 10, 2026, After Close (Confirmed).
    What is D-Wave Quantum (QBTS) earnings time?
    D-Wave Quantum (QBTS) earnings time is at Apr 10, 2026, After Close (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is QBTS EPS forecast?
          Currently, no data Available

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