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D-Wave Quantum (QBTS) EBITDA: 2021-2025

Historic EBITDA for D-Wave Quantum (QBTS) over the last 5 years, with Sep 2025 value amounting to -$139.9 million.

  • D-Wave Quantum's EBITDA fell 511.85% to -$139.9 million in Q3 2025 from the same period last year, while for Sep 2025 it was -$397.3 million, marking a year-over-year decrease of 437.36%. This contributed to the annual value of -$143.9 million for FY2024, which is 73.70% down from last year.
  • As of Q3 2025, D-Wave Quantum's EBITDA stood at -$139.9 million, which was up 16.00% from -$166.5 million recorded in Q2 2025.
  • Over the past 5 years, D-Wave Quantum's EBITDA peaked at -$4.2 million during Q3 2021, and registered a low of -$166.5 million during Q2 2025.
  • In the last 3 years, D-Wave Quantum's EBITDA had a median value of -$22.9 million in 2024 and averaged -$48.9 million.
  • Over the last 5 years, D-Wave Quantum's EBITDA had its largest YoY gain of 71.49% in 2025, and its largest YoY loss of 837.95% in 2025.
  • D-Wave Quantum's EBITDA (Quarterly) stood at -$23.3 million in 2021, then rose by 23.77% to -$17.8 million in 2022, then climbed by 9.56% to -$16.1 million in 2023, then tumbled by 435.45% to -$86.0 million in 2024, then slumped by 511.85% to -$139.9 million in 2025.
  • Its EBITDA was -$139.9 million in Q3 2025, compared to -$166.5 million in Q2 2025 and -$4.9 million in Q1 2025.