Add as a preferred source on GoogleD-Wave Reports 21% Q3 Revenue Growth as Nine-Month Bookings Reach $37.4 Million
Remaining performance obligations rose 1,221% to $38.3 million. D-Wave expects to recognize about 59% of that amount as revenue over the next 12 months.
D-Wave Quantum Inc. (NASDAQ: QBTS) reported third-quarter revenue on Nov. 10 of $4.5 million, up 21% year over year, while nine-month bookings reached $37.4 million, a 611% increase.
Revenue compared with $3.739 million in the third quarter of 2025. Bookings measure signed customer commitments, rather than revenue already recognized, and cover the first nine months of the year.
D-Wave’s remaining performance obligations (RPO), or contracted work not yet recognized as revenue, totaled $38.3 million, up 1,221% from a year earlier. RPO and revenue measure different stages of customer business: RPO reflects contracted work awaiting recognition, while revenue is recorded in the period it is recognized.
The company expects about 59% of its RPO to be recognized as revenue over the next 12 months.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.