D-Wave H1 Revenue Plunges 67% to $5.9M, Net Loss Hits $66.4M
QBTS sits 61% above its 52-week low of $12.75.
Summary
D-Wave's H1 2026 revenue collapsed 67% year-over-year to $5.9 million, with a net loss of $66.4 million. This follows the Q2 10-Q filed August 6th, which showed flat quarterly revenue of $3.1 million but a 1,120% bookings surge. The H1 figures reveal the full extent of the revenue decline, overshadowing the bookings growth. Separately, the company is piloting its quantum-hybrid tech with Nasdaq Verafin for fraud detection, a potential new commercial application. The pilot is early-stage but could open a significant market if successful.
At the time of this announcement, QBTS was trading at $20.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $7.7B. The 52-week trading range was $12.75 to $46.75. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.