D-Wave Q3 revenue rises 21% to $4.5 million; net loss narrows to $48.2 million
D-Wave Quantum reported third-quarter 2026 revenue of $4.5 million, up 21% from a year earlier, and a net loss of $48.2 million, or $0.13 per share, versus $139,986 thousand a year earlier. The net loss improvement mainly reflects a $121.9 million smaller non-cash warrant remeasurement charge, while adjusted EBITDA loss widened to $37.7 million and GAAP operating expenses rose 84%. Quarterly bookings fell 19%, though nine-month bookings were $37.4 million, and the company stated it had $503.4 million in cash and marketable securities.
Key points
- Q3 2026 revenue was $4.5 million, up 21% year over year; GAAP gross margin fell to 52.9%
- Net loss was $48.2 million ($0.13 per share), down $91.8 million year over year, driven mainly by the absence of a $121.9 million warrant remeasurement charge
- Adjusted EBITDA loss was $37.7 million, up 83% year over year, as operating expenses rose to support product development and go-to-market efforts
- Q3 bookings were $1.9 million, down 19%; nine-month bookings were $37.4 million, up 611%
The filing
Written by AI on Nov 10, 2026, 7:11 AM ET, from this filing only.
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