D-Wave Quantum (QBTS) EBITDA Margin (2021 - 2026)
D-Wave Quantum (QBTS) reported EBITDA Margin of -1578.19% for Q2 2026, down 732.82 percentage points from -845.36% a year earlier but up 203.62 percentage points from the prior quarter.
Powered by 
Analysis
D-Wave Quantum (QBTS) EBITDA Margin (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, D-Wave Quantum's EBITDA Margin came in at -1297.34%, down 950.10 percentage points year-over-year; for FY2025, it was -401.86%, up 460.43 percentage points from FY2024.
- EBITDA Margin has a five-year change of +171.42 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at -862.29% in FY2024 (+45.36 pp), -907.65% in FY2023 (-98.57 pp), -809.08% in FY2022 (-213.22 pp) and -595.86% in FY2021 (-22.58 pp).
- Five-year quarterly EBITDA Margin spans a low of -1781.81% in Q1 2026 and a high of -72.76% in Q1 2025.
- Year over year, EBITDA Margin has now declined in each of the last three quarters, with an average year-over-year change of -314.75 percentage points over the last eight quarters.
- The high point for year-over-year EBITDA Margin in five years was Q1 2024 (a gain of 836.98 percentage points); the low point was Q1 2026 (a drop of 1709.04 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -1781.81% (Q1 2026), -1248.51% (Q4 2025) and -731.93% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | 20.32% |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | 11.58% |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 40.40% |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | -8.70% |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | 4.19% |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | 20.62% |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | - |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | 8.76% |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | 4.45% |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | -1,578.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1,578.19% |
| Mar 31, 2026 | -1,781.81% |
| Dec 31, 2025 | -1,248.51% |
| Sep 30, 2025 | -731.93% |
| Jun 30, 2025 | -845.36% |
| Mar 31, 2025 | -72.76% |
| Dec 31, 2024 | -862.54% |
| Sep 30, 2024 | -1,088.40% |
| Jun 30, 2024 | -850.11% |
| Mar 31, 2024 | -701.30% |
| Dec 31, 2023 | -561.46% |
| Sep 30, 2023 | -709.60% |
| Jun 30, 2023 | -1,209.43% |
| Mar 31, 2023 | -1,538.28% |
| Dec 31, 2022 | -862.05% |
| Sep 30, 2022 | -874.99% |
| Jun 30, 2022 | -883.30% |
| Mar 31, 2022 | -615.24% |
| Dec 31, 2021 | -430.96% |
| Sep 30, 2021 | -719.59% |
API Access
D-Wave Quantum EBITDA Margin 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-margin&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "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-margin&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();