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  "name": "D-Wave Quantum Inc.",
  "updatedAt": "2026-10-02T15:39:20.811795Z",
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    {
      "type": "OVERVIEW",
      "text": "D-Wave Quantum Inc. is a quantum-computing company that develops and provides quantum systems, software, cloud access, and related services. Its products span quantum annealing and gate-model technologies, with systems available for on-premises deployment and through its Leap cloud service. The company earns revenue from system sales, quantum-computing-as-a-service, and professional services. [P150219126][P95078287]\n\nFounded in 1999, D-Wave states that its mission is to deliver commercial, trusted quantum solutions for real-world problems. [https://www.dwavequantum.com/company/about-d-wave/] Its operations and customers span multiple geographies: the company has reported facilities in Canada and the United States, a presence in Japan and the United Kingdom, and customers across markets including the United States, Japan, Germany, and Canada. [P95078287][P5269037][T17193366]\n\nD-Wave reported revenue of approximately $24.6 million for 2025 and $5.9 million for the six months ended June 30, 2026. [T906702][T17193353] As of February 2026, it reported approximately 388 employees, including full-time and acquired employees. [P5269037]\n[P150219126][P95078287][https://www.dwavequantum.com/company/about-d-wave/][P5269037][T17193366][T906702][T17193353][https://www.dwavequantum.com/company/about-d-wave/]",
      "updatedAt": "2026-10-02T15:39:20.811795Z"
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    {
      "type": "PRODUCTS",
      "text": "D-Wave’s **Advantage2** is its commercial superconducting quantum annealing system, offered for on-premises deployment or through cloud access. The system has more than 4,400 qubits and a Zephyr topology with 20-way qubit connectivity; D-Wave describes its systems as providing sub-second response times. [P150219378][https://www.dwavequantum.com/company/newsroom/press-release/d-wave-announces-general-availability-of-advantage2-quantum-computer-its-most-advanced-and-performant-system/]\n\n**Leap** provides subscription quantum-computing-as-a-service access to D-Wave computers and quantum-classical hybrid solvers. Its Hybrid Solver Service supports problems with up to two million variables. **Ocean** is D-Wave’s open-source Python SDK for developing applications for its solvers; the solver offerings also include the nonlinear hybrid solver **Stride**. D-Wave’s professional services include application development, implementation support, and training to help customers identify and deploy quantum applications. [P50341219][P13536417][P44401439][P44323019][P150219393][P150219379]\n\nD-Wave has also added superconducting dual-rail qubit technology and error-detection capabilities through its acquisition of Quantum Circuits, complementing its annealing technology. The company’s 2026 Q2 filing does not report a separate gate-model system revenue stream. [P150219210] For the six months ended June 30, 2026, revenue was reported as QCaaS **$3.619 million (about 61.0%)**, professional services **$1.912 million (32.2%)**, system sales **$0.341 million (5.7%)**, and other **$0.062 million (1.0%)** of total revenue of $5.934 million; percentages are calculated from reported amounts. [T17193365]\n[P150219378][https://www.dwavequantum.com/company/newsroom/press-release/d-wave-announces-general-availability-of-advantage2-quantum-computer-its-most-advanced-and-performant-system/][P50341219][P13536417][P44401439][P44323019][P150219393][P150219379][P150219210][T17193365][T17193365][T17193365][T17193365][T17193365][https://www.dwavequantum.com/company/newsroom/press-release/d-wave-announces-general-availability-of-advantage2-quantum-computer-its-most-advanced-and-performant-system/]",
      "updatedAt": "2026-10-02T15:39:20.811795Z"
    },
    {
      "type": "GEOGRAPHY",
      "text": "D-Wave Quantum’s customer base is international: its FY2025 filing said its platform was offered in 42 countries. Revenue by customer location in FY2025 was concentrated in Germany ($16.765 million; 68.2%), followed by the United States ($2.654 million; 10.8%), Japan ($1.316 million; 5.4%), Switzerland ($0.960 million; 3.9%) and Canada ($0.878 million; 3.6%); other markets contributed $2.014 million (8.2%). The company reported no sales in China, Russia or Ukraine. [P10651639][T8061475][P53236457][P5093539] In the six months ended June 30, 2026, revenue by customer location totaled $5.934 million, led by the United States ($3.865 million; 65.1%), Japan ($0.519 million; 8.7%), Germany ($0.302 million; 5.1%) and Canada ($0.271 million; 4.6%); other markets accounted for $0.977 million (16.5%). [T17193366][P150219238]\n\nThe company’s disclosed North American facilities are in Burnaby and Richmond, British Columbia; Palo Alto, California; and New Haven, Connecticut. Burnaby is home to Canadian operations and a Quantum Engineering Center of Excellence, Richmond supports superconducting circuit-board development and manufacturing, and New Haven is a gate-model research and development center. [P150219380][P111732134] As of the Q2 2026 filing, its principal executive offices remained in Palo Alto; the company had planned to move its headquarters to Boca Raton, Florida, and open a U.S. research and development facility there before the end of 2026. [P150219054][P150219380]\n\nAs of February 5, 2026, D-Wave had approximately 388 employees, about 58% of whom were based near Burnaby and New Haven; it also reported a small presence in Japan and the United Kingdom, but did not disclose a full employee breakdown by country. [P5269037] At June 30, 2026, long-lived assets were reported mainly in Canada ($18.754 million) and the United States ($15.326 million), with $0.038 million in other locations. [T17193385][P150219368]\n[P10651639][T8061475][P53236457][P5093539][T17193366][P150219238][P150219380][P111732134][P150219054][P5269037][T17193385][P150219368]",
      "updatedAt": "2026-10-02T15:39:20.811795Z"
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    {
      "type": "SEGMENTS",
      "text": "D-Wave Quantum Inc. reports one operating and reportable segment, managed on a consolidated basis; annealing and gate-model quantum computing are technology platforms, not separately reported segments. [P58359089][P150219366][P150219367]\n\nThe company’s reported revenue categories are system sales, quantum-computing-as-a-service (QCaaS), professional services, and other revenue. These are revenue categories rather than formal segments. [P150219379] Based on reported revenue, system sales contributed approximately 65.8% of FY2025 revenue, QCaaS 22.4%, professional services 11.1%, and other revenue 0.7%. [T7685998] In the first half of 2026, the mix was approximately 5.7% system sales, 61.0% QCaaS, 32.2% professional services, and 1.0% other revenue. [T17193365] Percentages are calculated from reported category revenue and total revenue; totals may differ slightly from 100% due to rounding.\n[P58359089][P150219366][P150219367][P150219379][T7685998][T7685998][T7685998][T7685998][T7685998][T17193365][T17193365][T17193365][T17193365][T17193365]",
      "updatedAt": "2026-10-02T15:39:20.811795Z"
    },
    {
      "type": "HISTORY",
      "text": "D-Wave was founded in 1999. In 2007, it publicly demonstrated Orion, a 16-qubit prototype, and in 2011 its D-Wave One system was installed at USC in a collaboration with Lockheed Martin. The company continued developing larger annealing systems, including D-Wave Two, which was selected for the NASA/Google/USRA Quantum Artificial Intelligence Lab in 2013. [https://www.dwavequantum.com/company/about-d-wave/][https://www.technologyreview.com/2007/04/06/37553/qa-d-waves-geordie-rose/][https://www.nature.com/articles/474018a][https://www.dwavequantum.com/resources/publication/experience-with-quantum-annealing-computation/]\n\nD-Wave announced its 2,000-qubit 2000Q system in 2017 and launched Leap, its cloud-based quantum-computing service, in 2018. Alan Baratz became CEO on January 1, 2020; that year the company made its Advantage system, with more than 5,000 qubits, generally available. [P50341219][https://www.dwavequantum.com/company/newsroom/press-release/d-wave-announces-promotion-of-dr-alan-baratz-to-ceo/][https://www.dwavequantum.com/company/newsroom/press-release/d-wave-announces-general-availability-of-first-quantum-computer-built-for-business/]\n\nD-Wave completed its business combination with DPCM Capital in August 2022 and began trading on the NYSE as QBTS. It introduced an Advantage2 prototype through Leap that year; Advantage2 became generally available in May 2025. In January 2026, D-Wave completed its acquisition of Quantum Circuits, adding gate-model technology alongside its annealing platform. [https://www.dwavequantum.com/company/newsroom/press-release/dpcm-capital-inc-and-d-wave-systems-inc-announce-completion-of-business-combination/][https://www.dwavequantum.com/company/newsroom/press-release/ahead-of-the-game-d-wave-delivers-prototype-of-next-generation-advantage2-annealing-quantum-computer/][https://www.dwavequantum.com/company/newsroom/press-release/d-wave-announces-general-availability-of-advantage2-quantum-computer-its-most-advanced-and-performant-system/][P74003700]\n[P50341219][P74003700][https://www.dwavequantum.com/company/about-d-wave/][https://www.technologyreview.com/2007/04/06/37553/qa-d-waves-geordie-rose/][https://www.nature.com/articles/474018a][https://www.dwavequantum.com/resources/publication/experience-with-quantum-annealing-computation/][https://www.dwavequantum.com/company/newsroom/press-release/d-wave-announces-promotion-of-dr-alan-baratz-to-ceo/][https://www.dwavequantum.com/company/newsroom/press-release/d-wave-announces-general-availability-of-first-quantum-computer-built-for-business/][https://www.dwavequantum.com/company/newsroom/press-release/dpcm-capital-inc-and-d-wave-systems-inc-announce-completion-of-business-combination/][https://www.dwavequantum.com/company/newsroom/press-release/ahead-of-the-game-d-wave-delivers-prototype-of-next-generation-advantage2-annealing-quantum-computer/][https://www.dwavequantum.com/company/newsroom/press-release/d-wave-announces-general-availability-of-advantage2-quantum-computer-its-most-advanced-and-performant-system/]",
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