Growth Metrics

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

Historic EBITDA for Wave Quantum (QBTS) over the last 5 years, with Q3 2025 value amounting to -$139.9 million.

  • Wave Quantum's EBITDA fell 51184.88% 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 43735.99%. This contributed to the annual value of -$143.9 million for FY2024, which is 7369.55% down from last year.
  • Wave Quantum's EBITDA amounted to -$139.9 million in Q3 2025, which was down 51184.88% from -$166.5 million recorded in Q2 2025.
  • In the past 5 years, Wave Quantum's EBITDA ranged from a high of -$4.2 million in Q3 2021 and a low of -$166.5 million during Q2 2025
  • Over the past 5 years, Wave Quantum's median EBITDA value was -$17.5 million (recorded in 2022), while the average stood at -$34.6 million.
  • The largest annual percentage gain for Wave Quantum's EBITDA in the last 5 years was 7148.57% (2025), contrasted with its biggest fall of 83794.77% (2025).
  • Wave Quantum's EBITDA (Quarter) stood at -$23.3 million in 2021, then increased by 23.77% to -$17.8 million in 2022, then increased by 9.56% to -$16.1 million in 2023, then plummeted by 435.45% to -$86.0 million in 2024, then tumbled by 62.68% to -$139.9 million in 2025.
  • Its EBITDA stands at -$139.9 million for Q3 2025, versus -$166.5 million for Q2 2025 and -$4.9 million for Q1 2025.