D-Wave Quantum QBTS
NASDAQ QBTS
$16.42 -0.41 (-2.44%)
As of: Sep 15, 2026 · 3:59 PM EDT

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

D-Wave Quantum's (QBTS) quarterly EBT came in at -$48.0 million in Q2 2026, up 71.3% year-over-year from -$28.0 million in Q2 2025, and down 2.59% quarter-over-quarter from -$46.8 million in Q1 2026.

Analysis

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

D-Wave Quantum has disclosed EBT across 6 years of filings, most recently posting -$48.0 million for Q2 2026.

  • In Q2 2026, EBT rose 71.3% year-over-year to -$48.0 million; the TTM figure through Jun 2026 stood at -$157.4 million (up 26.32% YoY), while the FY2025 annual figure was -$80.3 million, down 1.11% from the prior year.
  • EBT came in at -$48.0 million for Q2 2026 at D-Wave Quantum, down from -$46.8 million in the prior quarter.
  • In the past five years, EBT ranged from a high of -$5.4 million in Q1 2025 to a low of -$167.3 million in Q2 2025.
  • Average EBT over 5 years is -$30.6 million, with a median of -$20.4 million recorded in 2024.
  • Year-over-year, EBT plunged 788.21% in 2025 and jumped 71.3% in 2026.
  • Over 5 years, EBT stood at -$22.1 million in 2022, then increased by 25.07% to -$16.5 million in 2023, then fell by 22.31% to -$20.2 million in 2024, then plunged by 72.2% to -$34.8 million in 2025, then sank by 37.83% to -$48.0 million in 2026.
  • Per Business Quant data, the three most recent EBT figures were -$48.0 million in Q2 2026, -$46.8 million in Q1 2026, and -$34.8 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT (Qtr)
1 IonQ 9.47 Bn 7.36 Bn 19.94 Mn -1.87 Bn
2 D-Wave Quantum 6.07 Bn 6.07 Bn 1.70 Mn -48.02 Mn
3 Rigetti Computing 5.03 Bn 5.03 Bn 2.19 Mn -52.61 Mn
4 Quantum Computing 1.75 Bn 1.75 Bn -1.17 Mn -11.75 Mn
5 Infleqtion 1.32 Bn 839.31 Mn 2.17 Mn -24.70 Mn
6 BTQ Technologies 359.38 Mn 359.38 Mn - -13.18 Mn
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 - -7.17 Mn
10 Xanadu Quantum Technologies 7.78 -312.78 Mn 1.38 Mn -27.67 Mn
Historic Data

Historic Data

Download Data
DateValue
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