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

D-Wave Quantum (QBTS) posted EBT of -$46.8 million for Q1 2026, down 20.52% sequentially from -$38.8 million in Q4 2025, and down 763.48% YoY from $7.1 million in Q1 2025.

D-Wave Quantum (QBTS) EBT (2021 - 2026) Analysis & Trends

D-Wave Quantum has reported EBT for 6 years, with the latest figure at -$46.8 million in Q1 2026.

  • Quarterly EBT fell 763.48% year-over-year to -$46.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$367.8 million (down 438.78% YoY) and the FY2025 annual result came in at -$232.5 million, down 13.63% from the prior year.
  • EBT slipped to -$46.8 million in Q1 2026 per QBTS's latest filing, from -$38.8 million in the prior quarter.
  • Over five years, EBT peaked at -$5.4 million in Q1 2025 and troughed at -$167.8 million in Q3 2025.
  • A 5-year average of -$41.8 million and a median of -$21.5 million in 2024 frame the typical range for EBT.
  • The sharpest annual moves came in 2022 and 2023: EBT plunged 1125.48% in 2022, then surged 84.32% in 2023.
  • Over 5 years, EBT stood at -$18.9 million in 2022, then gained by 18.92% to -$15.3 million in 2023, then declined by 29.22% to -$19.8 million in 2024, then slumped by 95.91% to -$38.8 million in 2025, then declined by 20.52% to -$46.8 million in 2026.
  • According to Business Quant data, EBT over the past three periods registered -$46.8 million, -$38.8 million, and -$167.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 Dell Technologies 279.74 Bn 268.16 Bn 7.78 Bn 3.95 Bn
2 Arista Networks 233.03 Bn 220.67 Bn 1.68 Bn 1.27 Bn
3 Sandisk 191.00 Bn 187.26 Bn 4.66 Bn 4.11 Bn
4 Seagate Technology Holdings 182.93 Bn 181.79 Bn 1.45 Bn 864.00 Mn
5 Western Digital 180.27 Bn 177.03 Bn 1.68 Bn 3.36 Bn
6 Everpure 26.48 Bn 24.98 Bn 723.33 Mn 33.87 Mn
7 Hp 25.04 Bn 21.33 Bn 3.02 Bn 493.00 Mn
8 Super Micro Computer 17.15 Bn 15.86 Bn 1.02 Bn 610.97 Mn
9 Logitech International 15.08 Bn 13.33 Bn 607.94 Mn 275.58 Mn
10 D-Wave Quantum 7.35 Bn 7.35 Bn 1.82 Mn -46.81 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -46.81 Mn
Dec 31, 2025 -38.84 Mn
Sep 30, 2025 -167.76 Mn
Jun 30, 2025 -114.36 Mn
Mar 31, 2025 -5.42 Mn
Dec 31, 2024 -19.83 Mn
Sep 30, 2024 -21.53 Mn
Jun 30, 2024 -21.48 Mn
Mar 31, 2024 -30.23 Mn
Dec 31, 2023 -15.34 Mn
Sep 30, 2023 -19.21 Mn
Jun 30, 2023 -21.10 Mn
Mar 31, 2023 -24.90 Mn
Dec 31, 2022 -18.92 Mn
Sep 30, 2022 -122.52 Mn
Jun 30, 2022 -12.10 Mn
Mar 31, 2022 -11.01 Mn
Dec 31, 2021 -11.84 Mn
Sep 30, 2021 -10.00 Mn
Jun 30, 2021 -9.54 Mn