D-Wave Quantum (QBTS) FCF Margin (2021 - 2026)
D-Wave Quantum's (QBTS) quarterly FCF Margin came in at 1000.2% in Q2 2026, down 48210.0% year-over-year from N/an in Q2 2025, and up 40.72% quarter-over-quarter from 1687.12% in Q1 2026.
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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 1000.2% for Q2 2026.
- In Q2 2026, FCF Margin fell 48210.0% year-over-year to 1000.2%; the TTM figure through Jun 2026 stood at 958.36% (down 72014.0% YoY), while the FY2025 annual figure was 308.47%, up 19848.0% from the prior year.
- FCF Margin came in at 1000.2% for Q2 2026 at D-Wave Quantum, up from 1687.12% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 46.21% in Q4 2024 to a low of 1687.12% in Q1 2026.
- Average FCF Margin over 5 years is 685.88%, with a median of 674.23% recorded in 2023.
- Year-over-year, FCF Margin soared 56861 bps in 2024 and sank 155569 bps in 2026.
- Over 5 years, FCF Margin stood at 461.84% in 2022, then decreased by 13 bps to 522.4% in 2023, then jumped by 109 bps to 46.21% in 2024, then sank by 1675 bps to 727.87% in 2025, then slumped by 37 bps to 1000.2% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 1000.2% in Q2 2026, 1687.12% in Q1 2026, and 727.87% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | -142.37% |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | -1,000.20% |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | -540.48% |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | -297.96% |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | 97.39% |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | -3,924.98% |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - | 1,641.92% |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - | - |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - | - |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | -1,531.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1,000.20% |
| Mar 31, 2026 | -1,687.12% |
| Dec 31, 2025 | -727.87% |
| Sep 30, 2025 | -536.53% |
| Jun 30, 2025 | -518.09% |
| Mar 31, 2025 | -131.44% |
| Dec 31, 2024 | 46.21% |
| Sep 30, 2024 | -982.83% |
| Jun 30, 2024 | -687.72% |
| Mar 31, 2024 | -504.02% |
| Dec 31, 2023 | -522.40% |
| Sep 30, 2023 | -660.73% |
| Jun 30, 2023 | -905.62% |
| Mar 31, 2023 | -863.17% |
| Dec 31, 2022 | -461.84% |
| Sep 30, 2022 | -761.83% |
| Jun 30, 2022 | -878.41% |
| Mar 31, 2022 | -562.29% |
| Dec 31, 2021 | -307.75% |
| Sep 30, 2021 | -592.12% |