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

D-Wave Quantum has disclosed EBITDA across 6 years of filings, most recently posting -$18.5 million for Q1 2026.

• EBITDA for Q1 2026 came in at -$18.5 million, down 275.62% year-over-year; the trailing twelve-month figure through Mar 2026 was -$367.1 million (down 179.13% YoY), and the FY2025 annual result was -$353.6 million, down 145.76% from the prior year.
• EBITDA came in at -$18.5 million for Q1 2026 at D-Wave Quantum, up from -$42.2 million in the prior quarter.
• In the past five years, EBITDA ranged from a high of -$4.9 million in Q1 2025 to a low of -$166.5 million in Q2 2025.
• The 5-year median for EBITDA is -$17.8 million (2022), against an average of -$38.4 million.
• Peak annual rise in EBITDA reached 71.49% in 2025, while the deepest fall reached 837.95% in 2025.
• D-Wave Quantum's EBITDA stood at -$17.8 million in 2022, then grew by 9.56% to -$16.1 million in 2023, then plunged by 435.45% to -$86.0 million in 2024, then soared by 50.9% to -$42.2 million in 2025, then surged by 56.2% to -$18.5 million in 2026.
• The last three EBITDA figures came in at -$18.5 million (Q1 2026), -$42.2 million (Q4 2025), and -$139.9 million (Q3 2025), per Business Quant data.