D-WAVE QUANTUM INC. (QBTS) FY2026 Q2 P&L / Income Statement

D-WAVE QUANTUM INC. (QBTS) FY2026 Q2 P&L / Income Statement

Income statement for 2026-04-01 through 2026-06-30. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenue

3,076,000 US dollars

Cost of revenue

1,372,000 US dollars

Total gross profit

1,704,000 US dollars

Total operating expenses

54,982,000 US dollars

Loss from operations

negative 53,278,000 US dollars

Total other income (expense), net

5,258,000 US dollars

Loss before income taxes

negative 48,020,000 US dollars

Income tax benefit (provision), net

8,000 US dollars

Net loss

negative 48,028,000 US dollars

System sales

255,000 US dollars

QCaaS

1,860,000 US dollars

Professional services

929,000 US dollars

Other revenue

32,000 US dollars

Research and development

28,239,000 US dollars

General and administrative

15,388,000 US dollars

Sales and marketing

11,355,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.