D-Wave Quantum (QBTS) EBITDA (2021 - 2026)
D-Wave Quantum (QBTS) posted EBITDA of -$48.55 million for Q2 2026, compared with -$26.16 million a year earlier.
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Analysis
D-Wave Quantum (QBTS) EBITDA (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA at D-Wave Quantum was -$161.2 million; for FY2025, it came in at -$98.81 million.
- In prior years, D-Wave Quantum's EBITDA was -$76.11 million in FY2024, -$79.49 million in FY2023, -$58.04 million in FY2022 and -$37.41 million in FY2021.
- Quarterly EBITDA has run from a low of -$50.92 million in Q1 2026 to a high of -$9.41 million in Q3 2021 over five years.
- According to Business Quant data, EBITDA for the three prior quarters was -$50.92 million (Q1 2026), -$34.36 million (Q4 2025) and -$27.37 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 295.05 Bn | 280.12 Bn | 2.30 Bn | 693.00 Mn |
| 2 | CrowdStrike Holdings | 270.17 Bn | 250.57 Bn | 1.10 Bn | 170.34 Mn |
| 3 | Fortinet | 127.52 Bn | 113.45 Bn | 1.64 Bn | 827.40 Mn |
| 4 | Snowflake | 118.52 Bn | 105.83 Bn | 1.04 Bn | -134.60 Mn |
| 5 | Datadog | 98.82 Bn | 80.46 Bn | 881.34 Mn | 47.04 Mn |
| 6 | Zscaler | 40.89 Bn | 27.01 Bn | - | - |
| 7 | Okta | 38.71 Bn | 28.81 Bn | 641.00 Mn | 166.00 Mn |
| 8 | Axon Enterprise | 34.11 Bn | 28.63 Bn | 546.45 Mn | 79.24 Mn |
| 9 | MongoDB | 31.57 Bn | 22.04 Bn | 569.77 Mn | 35.33 Mn |
| 10 | D-Wave Quantum | 4.31 Bn | 1.46 Bn | 1.70 Mn | -48.55 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -48.55 Mn |
| Mar 31, 2026 | -50.92 Mn |
| Dec 31, 2025 | -34.36 Mn |
| Sep 30, 2025 | -27.37 Mn |
| Jun 30, 2025 | -26.16 Mn |
| Mar 31, 2025 | -10.92 Mn |
| Dec 31, 2024 | -19.92 Mn |
| Sep 30, 2024 | -20.35 Mn |
| Jun 30, 2024 | -18.56 Mn |
| Mar 31, 2024 | -17.29 Mn |
| Dec 31, 2023 | -16.32 Mn |
| Sep 30, 2023 | -18.18 Mn |
| Jun 30, 2023 | -20.65 Mn |
| Mar 31, 2023 | -24.35 Mn |
| Dec 31, 2022 | -20.65 Mn |
| Sep 30, 2022 | -14.83 Mn |
| Jun 30, 2022 | -12.11 Mn |
| Mar 31, 2022 | -10.54 Mn |
| Dec 31, 2021 | -10.46 Mn |
| Sep 30, 2021 | -9.41 Mn |
API Access
D-Wave Quantum EBITDA API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda", "ticker": "QBTS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();