D-Wave Quantum (QBTS) EBITDA (2021 - 2026)

D-Wave Quantum has reported EBITDA for 6 years, with the latest figure at -$54.7 million in Q1 2026.

• Quarterly EBITDA fell 384.7% year-over-year to -$54.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$143.8 million (down 102.55% YoY) and the FY2025 annual result came in at -$100.4 million, down 29.97% from the prior year.
• EBITDA eased to -$54.7 million in Q1 2026 per QBTS's latest filing, from -$34.8 million in the prior quarter.
• Over five years, EBITDA peaked at -$11.0 million in Q1 2022 and troughed at -$54.7 million in Q1 2026.
• A 5-year average of -$21.9 million and a median of -$20.2 million in 2024 frame the typical range for EBITDA.
• The sharpest annual moves came in 2025 and 2026: EBITDA jumped 35.54% in 2025, then tumbled 384.7% in 2026.
• Over 5 years, EBITDA stood at -$21.0 million in 2022, then gained by 21.34% to -$16.5 million in 2023, then decreased by 22.31% to -$20.2 million in 2024, then slumped by 72.2% to -$34.8 million in 2025, then plunged by 57.09% to -$54.7 million in 2026.
• According to Business Quant data, EBITDA over the past three periods registered -$54.7 million, -$34.8 million, and -$27.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.