D-Wave Quantum (QBTS) EBT Margin (2021 - 2026)
D-Wave Quantum (QBTS) reported EBT Margin of -1561.12% for Q2 2026, up 3845.31 percentage points from -5406.43% a year earlier and up 76.71 percentage points from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) EBT Margin (2021 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, D-Wave Quantum's EBT Margin came in at -1266.83%, down 307.83 percentage points year-over-year; for FY2025, it came in at -326.46%, up 572.85 percentage points from FY2024.
- EBT Margin has a five-year change of +385.25 percentage points (FY2020 to FY2025).
- By year, EBT Margin came in at -899.31% in FY2024 (+20.38 pp), -919.68% in FY2023 (-26.18 pp), -893.50% in FY2022 (-245.69 pp) and -647.81% in FY2021 (+63.90 pp).
- Five-year quarterly EBT Margin spans a low of -5406.43% in Q2 2025 and a high of -36.14% in Q1 2025.
- Year over year, EBT Margin gained in three of the last eight quarters, with an average year-over-year change of -293.18 percentage points.
- The high point for year-over-year EBT Margin in five years was Q2 2026 (a gain of 3845.31 percentage points); the low point was Q2 2025 (a drop of 4543.44 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -1637.82% (Q1 2026), -1265.95% (Q4 2025) and -741.80% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 296.28 Bn | 281.35 Bn | 2.30 Bn | -7.89% |
| 2 | CrowdStrike Holdings | 271.34 Bn | 251.74 Bn | 1.10 Bn | 0.27% |
| 3 | Fortinet | 128.85 Bn | 114.78 Bn | 1.64 Bn | 35.17% |
| 4 | Snowflake | 118.50 Bn | 105.81 Bn | 1.04 Bn | -12.17% |
| 5 | Datadog | 99.17 Bn | 80.81 Bn | 881.34 Mn | 4.61% |
| 6 | Zscaler | 40.98 Bn | 27.10 Bn | - | - |
| 7 | Okta | 38.84 Bn | 28.94 Bn | 641.00 Mn | 15.65% |
| 8 | Axon Enterprise | 34.08 Bn | 28.60 Bn | 546.45 Mn | 3.61% |
| 9 | MongoDB | 31.72 Bn | 22.18 Bn | 569.77 Mn | 5.95% |
| 10 | D-Wave Quantum | 4.32 Bn | 1.46 Bn | 1.70 Mn | -1,561.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1,561.12% |
| Mar 31, 2026 | -1,637.82% |
| Dec 31, 2025 | -1,265.95% |
| Sep 30, 2025 | -741.80% |
| Jun 30, 2025 | -5,406.43% |
| Mar 31, 2025 | -36.14% |
| 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 | -1,573.09% |
| Dec 31, 2022 | -921.75% |
| Sep 30, 2022 | -957.70% |
| Jun 30, 2022 | -1,032.02% |
| Mar 31, 2022 | -642.97% |
| Dec 31, 2021 | -494.31% |
| Sep 30, 2021 | -764.96% |
API Access
D-Wave Quantum EBT 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=ebt-margin&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-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=ebt-margin&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();