D-Wave Quantum Inc. (QBTS) reported Loss for its fourth quarter that increased from the same period last year and missed the Street estimates.
The company's earnings totaled -$86.08 million, or -$0.37 per share. This compares with -$16.01 million, or -$0.10 per share, last year.
Excluding items, D-Wave Quantum Inc. reported adjusted earnings of -$17.81 million or -$0.08 per share for the period.
Analysts on average had expected the company to earn -$0.06 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 20.6% to $2.31 million from $2.91 million last year.
D-Wave Quantum Inc. earnings at a glance (GAAP) :
-Earnings: -$86.08 Mln. vs. -$16.01 Mln. last year.-EPS: -$0.37 vs. -$0.10 last year.-Revenue: $2.31 Mln vs. $2.91 Mln last year.
The company expects 1st quarter revenue to be more than $10 million. A major part of this includes revenue recognized from the sale of an Advantage annealing quantum computer.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.