D-Wave Quantum (QBTS) EBT (2021 - 2026)
D-Wave Quantum (QBTS) reported EBT of -$48.02 million for Q2 2026, compared with -$167.33 million a year earlier.
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Analysis
D-Wave Quantum (QBTS) EBT (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, D-Wave Quantum's EBT came in at -$157.4 million; for FY2025, it was -$80.27 million.
- By year, EBT came in at -$79.38 million in FY2024, -$80.55 million in FY2023, -$64.09 million in FY2022 and -$40.68 million in FY2021.
- Five-year quarterly EBT spans a low of -$167.33 million in Q2 2025 and a high of -$5.42 million in Q1 2025.
- Per Business Quant data, the three quarters before Q2 2026 came in at -$46.81 million (Q1 2026), -$34.84 million (Q4 2025) and -$27.74 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 296.28 Bn | 281.35 Bn | 2.30 Bn | -269.00 Mn |
| 2 | CrowdStrike Holdings | 271.34 Bn | 251.74 Bn | 1.10 Bn | 3.93 Mn |
| 3 | Fortinet | 128.85 Bn | 114.78 Bn | 1.64 Bn | 720.20 Mn |
| 4 | Snowflake | 118.50 Bn | 105.81 Bn | 1.04 Bn | -188.29 Mn |
| 5 | Datadog | 99.17 Bn | 80.81 Bn | 881.34 Mn | 51.73 Mn |
| 6 | Zscaler | 40.98 Bn | 27.10 Bn | - | - |
| 7 | Okta | 38.84 Bn | 28.94 Bn | 641.00 Mn | 126.00 Mn |
| 8 | Axon Enterprise | 34.08 Bn | 28.60 Bn | 546.45 Mn | 32.68 Mn |
| 9 | MongoDB | 31.72 Bn | 22.18 Bn | 569.77 Mn | 45.95 Mn |
| 10 | D-Wave Quantum | 4.32 Bn | 1.46 Bn | 1.70 Mn | -48.02 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -48.02 Mn |
| Mar 31, 2026 | -46.81 Mn |
| Dec 31, 2025 | -34.84 Mn |
| Sep 30, 2025 | -27.74 Mn |
| Jun 30, 2025 | -167.33 Mn |
| Mar 31, 2025 | -5.42 Mn |
| Dec 31, 2024 | -20.23 Mn |
| Sep 30, 2024 | -20.64 Mn |
| Jun 30, 2024 | -18.84 Mn |
| Mar 31, 2024 | -17.52 Mn |
| Dec 31, 2023 | -16.54 Mn |
| Sep 30, 2023 | -18.41 Mn |
| Jun 30, 2023 | -20.91 Mn |
| Mar 31, 2023 | -24.90 Mn |
| Dec 31, 2022 | -22.08 Mn |
| Sep 30, 2022 | -16.23 Mn |
| Jun 30, 2022 | -14.15 Mn |
| Mar 31, 2022 | -11.01 Mn |
| Dec 31, 2021 | -11.99 Mn |
| Sep 30, 2021 | -10.00 Mn |
API Access
D-Wave Quantum EBT 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=ebt&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt", "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=ebt&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();