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Calendar quarter Q2 2026Earnings call Aug 6, 2026 · most recent call
QBTS’s newest analyzed quarter is part of Tellvest Pro: its score, breakdown, narrative and analyst Q&A. Every prior quarter is free.
Sources. Scores: D-Wave Quantum Inc.’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: QBTS daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
All prior quarters are free. How to browse earnings-call scores without Pro. How to read a company earnings-call score.
The breakdown for this quarter is part of Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $2M | -20.5% | $-0.37 | -270.0% | -876.2% | -3727.9% | $1M |
| FY2025 Q1 | $15M | +508.6% | $-0.02 | +82.8% | -75.3% | -36.1% | $-20M |
| FY2025 Q2 | $3M | +41.8% | $-0.57 | -470.0% | -856.3% | -5406.4% | $-16M |
| FY2025 Q3 | $4M | +99.9% | $-0.41 | -272.7% | -741.8% | -3743.9% | $-20M |
| FY2025 Q4 | $3M | +19.2% | $-0.12 | +67.6% | -1266.0% | -1538.0% | $-20M |
| FY2026 Q1 | $3M | -80.9% | $-0.05 | -164.6% | -1914.9% | -642.3% | $-46M |
| FY2026 Q2Selected | $3M | -0.6% | $-0.13 | +77.2% | -1732.1% | -1561.4% | $-33M |
Management-stated figures from QBTS’s newest call are part of Tellvest Pro.
On September 17, 2026, D-Wave Quantum Inc.'s Board appointed Greg Golkov as Acting Chief Financial Officer, assuming the principal financial and accounting officer role effective September 2, 2026, continuing until a new permanent CFO is hired. Golkov also remains Senior Vice President of Finance. He receives a $5,500 monthly responsibility allowance, a $550,000 RSU grant vesting over one year, and a $67,000 completion bonus.
On September 8, 2026, the Company entered into a Securities Issuance Agreement with the Department and issued to it 7,095,721 shares of common stock at $14.093 per share. The shares were issued unregistered under a Section 4(a)(2) exemption. The agreement is tied to a previously disclosed Other Transaction Agreement (OTA) award; receipt of award funds remains subject to the OTA's terms and the continued availability of U.S. government appropriations.
On September 4, 2026, D-Wave Quantum entered an Other Transaction Agreement under the CHIPS and Science Act with the U.S. Department of Commerce for an award of up to $100,000,000 to fund advanced microelectronics R&D for quantum technology. An initial tranche of $53,552,620 is available shortly after the award date, with additional milestone-based tranches of $9,075,000, $16,695,000, $20,390,000 and $287,380. The period of performance runs up to five years.
On August 19, 2026, CFO John Markovich notified D-Wave Quantum of his intention to retire, resigning effective September 2, 2026. CEO Alan Baratz credited Markovich's role in the 2022 public listing and over $900 million of capital raised. Greg Golkov, age 49, senior vice president of finance, will become acting CFO and principal financial and accounting officer. The company said the resignation was not the result of any disagreement.
What each event means for QBTS’s sentiment score is part of Tellvest Pro.