D-Wave Quantum (QBTS) EBITDA Margin (2021 - 2026)
D-Wave Quantum's (QBTS) quarterly EBITDA Margin came in at 1732.05% in Q2 2026, down 87577.0% year-over-year from N/an in Q2 2025, and up 9.55% quarter-over-quarter from 1914.87% in Q1 2026.
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D-Wave Quantum (QBTS) EBITDA Margin (2021 - 2026) Analysis & Trends
D-Wave Quantum has disclosed EBITDA Margin across 6 years of filings, most recently posting 1732.05% for Q2 2026.
- In Q2 2026, EBITDA Margin fell 87577.0% year-over-year to 1732.05%; the TTM figure through Jun 2026 stood at 1372.88% (down 101974.0% YoY), while the FY2025 annual figure was 408.22%, up 46663.0% from the prior year.
- EBITDA Margin came in at 1732.05% for Q2 2026 at D-Wave Quantum, up from 1914.87% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 75.27% in Q1 2025 to a low of 1914.87% in Q1 2026.
- Average EBITDA Margin over 5 years is 973.8%, with a median of 877.17% recorded in 2022.
- Year-over-year, EBITDA Margin soared 84911 bps in 2024 and tumbled 183960 bps in 2026.
- Over 5 years, EBITDA Margin stood at 878.12% in 2022, then surged by 35 bps to 569.24% in 2023, then plunged by 54 bps to 876.22% in 2024, then plunged by 44 bps to 1265.95% in 2025, then sank by 37 bps to 1732.05% in 2026.
- Per Business Quant data, the three most recent EBITDA Margin figures were 1732.05% in Q2 2026, 1914.87% in Q1 2026, and 1265.95% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | -404.55% |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | -1,732.05% |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | -546.17% |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | -414.57% |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | -220.55% |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | -12,183.92% |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - | - |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - | - |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - | - |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | -1,908.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1,732.05% |
| Mar 31, 2026 | -1,914.87% |
| Dec 31, 2025 | -1,265.95% |
| Sep 30, 2025 | -741.80% |
| Jun 30, 2025 | -856.28% |
| Mar 31, 2025 | -75.27% |
| Dec 31, 2024 | -876.22% |
| Sep 30, 2024 | -1,103.53% |
| Jun 30, 2024 | -862.99% |
| Mar 31, 2024 | -710.59% |
| Dec 31, 2023 | -569.24% |
| Sep 30, 2023 | -718.46% |
| Jun 30, 2023 | -1,224.78% |
| Mar 31, 2023 | -1,559.70% |
| Dec 31, 2022 | -878.12% |
| Sep 30, 2022 | -894.63% |
| Jun 30, 2022 | -904.67% |
| Mar 31, 2022 | -639.29% |
| Dec 31, 2021 | -447.40% |
| Sep 30, 2021 | -749.27% |