Full-Time
Updated on 8/13/2026
Delivers quantum computing hardware, software, cloud
$150k - $206k/yr
No H1B Sponsorship
Remote in USA
Remote
Six weeks in Burnaby, Canada, during onboarding and at least two weeks per year thereafter.
US Citizenship, US Top Secret Clearance Required
Bachelor's
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D-Wave Systems provides quantum computing hardware, software, and cloud services for real-world business use. It develops practical quantum applications for manufacturing, logistics, biotech, and pharmaceuticals to solve optimization tasks like scheduling, resource allocation, and routing, as well as drug discovery and medical imaging. Access is via its Advantage2 quantum annealing processor (1,200 qubits, 10,000 couplers) delivered through cloud and hybrid workflows that blend quantum and classical computing. The company differentiates itself with an industry-focused portfolio, a mix of hardware, software, consulting, and a developer community, aiming to make quantum computing usable for businesses and to expand its hardware capabilities.
Company Size
201-500
Company Stage
IPO
Headquarters
Boca Raton, Florida
Founded
1999
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Remote Work Options
Flexible Work Hours
Relocation Assistance
D-Wave Quantum reported first-half bookings surging 1,120% year-over-year to $35.5 million, driven largely by a $20 million quantum system sale. CEO Alan Baratz said the company is positioned to "lead as the quantum computing market accelerates." Despite the bookings growth, second-quarter revenue missed analyst estimates at $3.1 million versus the expected $4.03 million. Loss per share widened to $0.13, exceeding forecasts of $0.10. QBTS shares fell 10% in pre-market trading following the earnings announcement. The company's remaining performance obligations reached $40.7 million, up 668% from the prior year. D-Wave expects approximately 57% of this contracted revenue to convert within the next 12 months, with 72% recognized within two years.
D-Wave Quantum reported second quarter earnings per share of ($0.13), missing analyst estimates of ($0.09). Revenue reached $3.07 million, below the consensus estimate of $4.03 million. Shares fell 10.5% in pre-market trading. The quantum computing systems provider's revenue remained flat year-over-year. Net loss was $48.0 million, compared to $167.3 million in the same quarter last year, primarily due to decreased non-cash charges related to warrant liability remeasurement. Gross margin declined to 55.4% from 63.8%, attributed to increased personnel costs and the absence of a high-margin system sale from the prior year. Operating expenses rose to $55.0 million from $28.5 million, driven by product development investments and Quantum Circuits acquisition costs. Bookings totaled $2.1 million, up 59% year-over-year.
D-Wave Quantum expects second-quarter 2026 revenues to be modestly higher than Q1, with most annual revenues likely recognised in the second half. The company's revenue pattern reflects timing of system transactions and performance obligations. First-quarter 2026 revenues fell 81% year-over-year to $2.9 million, as the prior year included $12.6 million from D-Wave's first annealing quantum computer system sale. However, Q1 bookings climbed to $33.4 million from $1.6 million previously, with commercial customers accounting for over 31%. The balance came from educational and research organisations, led by a $20 million system sale to Florida Atlantic University. D-Wave's sales pipeline more than doubled in dollar value during Q1, whilst average potential deal size also more than doubled.
D-Wave Quantum has received a $1.57 million grant from the National Science Foundation for quantum computing research, part of a broader $2 billion federal funding initiative under the CHIPS Act. The company expects to receive roughly $100 million from the overall package. The announcement comes as D-Wave's shares have fallen 60% from their October 2025 peak. Recent insider sales have drawn attention, though the company characterises them as pre-scheduled transactions related to tax obligations and restricted stock vesting. D-Wave is moving its listing from NYSE to Nasdaq on 27 July, trading under ticker QBTS. First-quarter results showed revenue of $2.86 million, down 80.93% year-over-year, with widening operating losses of $54.7 million. However, order bookings reached a record $33.4 million, up nearly 2,000% year-over-year. The stock's RSI indicates oversold territory, whilst annualised volatility stands at 78.5%.
D-Wave Quantum has been selected to receive a $1.57 million grant from the US National Science Foundation through its National Quantum Virtual Laboratory programme. The funding will support D-Wave's participation in ERASE, a project focused on developing fault-tolerant quantum computing technologies. Led by Yale University, the ERASE project brings together academic and industry partners to advance dual-rail gate-model quantum computing. D-Wave, through its Connecticut-based subsidiary Quantum Circuits, will provide researchers access to its superconducting dual-rail gate-model quantum computing resources. The grant complements D-Wave's recent letter of intent for $100 million in proposed CHIPS and Science Act funding. D-Wave is the only company offering both annealing and gate-model quantum computing platforms, serving over 100 organisations across commercial, government and research sectors.