D-Wave Quantum (QBTS) Consolidated Net Income (2021 - 2026)
D-Wave Quantum (QBTS) posted Consolidated Net Income of -$18.4 million for Q1 2026, up 52.74% sequentially from -$38.8 million in Q4 2025, and down 238.63% YoY from $13.2 million in Q1 2025.
D-Wave Quantum (QBTS) Consolidated Net Income (2021 - 2026) Analysis & Trends
D-Wave Quantum has reported Consolidated Net Income for 6 years, with the latest figure at -$18.4 million in Q1 2026.
- Quarterly Consolidated Net Income fell 238.63% year-over-year to -$18.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$339.3 million (down 397.1% YoY) and the FY2025 annual result came in at -$232.5 million, down 13.63% from the prior year.
- Consolidated Net Income rose to -$18.4 million in Q1 2026 per QBTS's latest filing, from -$38.8 million in the prior quarter.
- Over five years, Consolidated Net Income peaked at -$5.4 million in Q1 2025 and troughed at -$167.8 million in Q3 2025.
- A 5-year average of -$40.2 million and a median of -$21.1 million in 2023 frame the typical range for Consolidated Net Income.
- The sharpest annual moves came in 2022 and 2023: Consolidated Net Income plunged 1125.48% in 2022, then surged 84.32% in 2023.
- Over 5 years, Consolidated Net Income stood at -$18.9 million in 2022, then gained by 18.92% to -$15.3 million in 2023, then declined by 29.22% to -$19.8 million in 2024, then slumped by 95.91% to -$38.8 million in 2025, then jumped by 52.74% to -$18.4 million in 2026.
- According to Business Quant data, Consolidated Net Income over the past three periods registered -$18.4 million, -$38.8 million, and -$167.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Consol Net Inc. (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 279.74 Bn | 268.16 Bn | 7.78 Bn | 3.44 Bn |
| 2 | Arista Networks | 233.03 Bn | 220.67 Bn | 1.68 Bn | 1.02 Bn |
| 3 | Sandisk | 191.00 Bn | 187.26 Bn | 4.66 Bn | 3.62 Bn |
| 4 | Seagate Technology Holdings | 182.93 Bn | 181.79 Bn | 1.45 Bn | 748.00 Mn |
| 5 | Western Digital | 180.27 Bn | 177.03 Bn | 1.68 Bn | - |
| 6 | Everpure | 26.48 Bn | 24.98 Bn | 723.33 Mn | 24.08 Mn |
| 7 | Hp | 25.04 Bn | 21.33 Bn | 3.02 Bn | 450.00 Mn |
| 8 | Super Micro Computer | 17.15 Bn | 15.86 Bn | 1.02 Bn | 484.08 Mn |
| 9 | Logitech International | 15.08 Bn | 13.33 Bn | 607.94 Mn | 235.68 Mn |
| 10 | D-Wave Quantum | 7.35 Bn | 7.35 Bn | 1.82 Mn | -18.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -18.36 Mn |
| Dec 31, 2025 | -38.84 Mn |
| Sep 30, 2025 | -167.76 Mn |
| Jun 30, 2025 | -114.36 Mn |
| Mar 31, 2025 | -5.42 Mn |
| Dec 31, 2024 | -19.83 Mn |
| Sep 30, 2024 | -21.53 Mn |
| Jun 30, 2024 | -21.48 Mn |
| Mar 31, 2024 | -30.23 Mn |
| Dec 31, 2023 | -15.34 Mn |
| Sep 30, 2023 | -19.21 Mn |
| Jun 30, 2023 | -21.10 Mn |
| Mar 31, 2023 | -24.90 Mn |
| Dec 31, 2022 | -18.92 Mn |
| Sep 30, 2022 | -122.52 Mn |
| Jun 30, 2022 | -12.10 Mn |
| Mar 31, 2022 | -11.01 Mn |
| Dec 31, 2021 | -11.84 Mn |
| Sep 30, 2021 | -10.00 Mn |
| Jun 30, 2021 | -9.54 Mn |