Technology
Price
$22.53
-4.13%Market Cap
$8.35B
Day High
$24.68
Day Low
$22.30
QBTS reported a sharp revenue decline of 80.9% YoY to $2.9M in Q1 2026, with operating losses widening dramatically to -$54.7M, while the company significantly bolstered its balance sheet through equity raises, ending the quarter with $338M in cash and $1.12B in stockholders' equity.
Key risk: Revenue Concentration and Volatility Risk
Revenue dropped 80.9% YoY to just $2.9M, indicating QBTS may be highly dependent on a small number of contracts or customers. The loss or non-renewal of even a single major contract could materially impair near-term revenues. This concentration risk is particularly acute for an early-stage quantum computing company.