Quarterly ResultAug 6, 2026, 04:34 PM
D-Wave Quantum Q2 Net Loss $(48.0)M; Acquires Quantum Circuits
AI Summary
D-Wave Quantum Inc. reported a Q2 2026 net loss of $(48.0) million, an improvement from the prior year, while revenue remained flat at $3.1 million. However, year-to-date revenue for H1 2026 saw a significant decline of 67.2% to $5.9 million. The company completed the acquisition of Quantum Circuits, Inc. in January 2026 for approximately $535.1 million, which significantly impacted its balance sheet with increased goodwill and intangible assets, and contributed to a 53.4% decrease in cash and cash equivalents.
Key Highlights
- Acquired Quantum Circuits, Inc. on January 20, 2026, for approximately $535.1 million in cash and equity.
- Reported Q2 2026 net loss of $(48.0) million, an improvement from $(167.3) million in Q2 2025.
- Q2 2026 revenue was $3.1 million, a slight decrease from $3.1 million in the prior year period.
- H1 2026 revenue decreased 67.2% to $5.9 million compared to $18.1 million in H1 2025.
- Cash and cash equivalents decreased 53.4% to $296.6 million as of June 30, 2026, from $635.3 million at December 31, 2025.
- Cash used in operating activities increased to $(73.5) million for H1 2026 from $(34.6) million in H1 2025.
- Goodwill increased to $342.6 million and intangible assets to $211.8 million as of June 30, 2026, primarily due to the acquisition.
Price Impact
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