D-Wave Quantum Inc (NYSE: QBTS) is a quantum computing company that develops and commercializes quantum computing systems and related software and services. The company generates revenue through cloud-based access to its quantum computers, professional services, and direct system sales. The filing excerpts available do not provide sufficient detail to characterize its competitive position, segment revenue breakdown, customer concentration, or geographic mix with specificity. D-Wave's common stock trades on the New York Stock Exchange under the ticker QBTS, and as of February 25, 2026, there were 3,176,096 exchangeable shares outstanding convertible into common stock on a one-for-one basis. The company also had 336,722,007 shares of common stock held by non-affiliates as of June 30, 2025.

Revenue model

The filing excerpts do not provide sufficient detail to describe the revenue model with specificity.

Products and services

The filing excerpts do not provide sufficient product or service detail to describe offerings with specificity.

Customers and end markets

The filing excerpts do not provide sufficient customer or end market detail.

Value-chain role

The filing excerpts do not provide sufficient detail to characterize the value-chain role.

Geographic exposure

The filing excerpts do not provide sufficient geographic revenue detail.

Source: SEC 10-K, filed 2026-02-26

Industry: Services-Computer Processing & Data Preparation Peers: Sphere 3D Corp.