D-Wave Quantum (QBTS) FCF Margin (2021 - 2026)
D-Wave Quantum's (QBTS) quarterly FCF Margin came in at 1610.95% in Q1 2026, down 147951.0% year-on-year from N/an in Q1 2025, and down 121.32% quarter-over-quarter from 727.87% in Q4 2025.
D-Wave Quantum (QBTS) FCF Margin (2021 - 2026) Analysis & Trends
D-Wave Quantum has disclosed FCF Margin across 6 years of filings, most recently posting 1610.95% for Q1 2026.
- FCF Margin for Q1 2026 came in at 1610.95%, down 147951.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 821.02% (down 58490.0% YoY), and the FY2025 annual result was 308.47%, up 17790.0% from the prior year.
- FCF Margin came in at 1610.95% for Q1 2026 at D-Wave Quantum, down from 727.87% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 124.9% in Q4 2024 to a low of 1610.95% in Q1 2026.
- The 5-year median for FCF Margin is 661.01% (2023), against an average of 657.3%.
- Across the five-year window, FCF Margin jumped 64961 bps in 2024 and tumbled 147951 bps in 2026, its largest moves.
- D-Wave Quantum's FCF Margin stood at 455.45% in 2022, then fell by 15 bps to 524.71% in 2023, then jumped by 124 bps to 124.9% in 2024, then plunged by 683 bps to 727.87% in 2025, then tumbled by 121 bps to 1610.95% in 2026.
- The last three FCF Margin figures came in at 1610.95% (Q1 2026), 727.87% (Q4 2025), and 536.53% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | 11.84% |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 50.30% |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 60.50% |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 42.83% |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 29.31% |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | -64.58% |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 25.34% |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 5.25% |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | -246.48% |
| 10 | D-Wave Quantum | 8.82 Bn | 8.82 Bn | 1.82 Mn | -1,610.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1,610.95% |
| Dec 31, 2025 | -727.87% |
| Sep 30, 2025 | -536.53% |
| Jun 30, 2025 | -518.09% |
| Mar 31, 2025 | -131.44% |
| Dec 31, 2024 | 124.90% |
| Sep 30, 2024 | -1,016.90% |
| Jun 30, 2024 | -668.53% |
| Mar 31, 2024 | -495.17% |
| Dec 31, 2023 | -524.71% |
| Sep 30, 2023 | -661.01% |
| Jun 30, 2023 | -899.94% |
| Mar 31, 2023 | -861.53% |
| Dec 31, 2022 | -455.45% |
| Sep 30, 2022 | -748.85% |
| Jun 30, 2022 | -885.78% |
| Mar 31, 2022 | -556.33% |
| Dec 31, 2021 | -243.90% |
| Sep 30, 2021 | -672.30% |