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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on SalesTimes Interest Earned

D-Wave Quantum (QBTS) Gross Margin (2021 - 2026)

D-Wave Quantum's Gross Margin history spans 6 years, with the latest figure at 63.61% for Q1 2026.

  • On a quarterly basis, Gross Margin fell 2890.0% to 63.61% in Q1 2026 year-over-year; TTM through Mar 2026 was 66.27%, a 1696.0% decrease, with the full-year FY2025 number at 82.59%, up 1957.0% from a year prior.
  • Gross Margin hit 63.61% in Q1 2026 for D-Wave Quantum, down from 64.83% in the prior quarter.
  • Over the last five years, Gross Margin for QBTS hit a ceiling of 92.51% in Q1 2025 and a floor of 26.6% in Q1 2023.
  • Historically, Gross Margin has averaged 61.04% across 5 years, with a median of 63.61% in 2026.
  • Biggest five-year swings in Gross Margin: crashed -3744bps in 2023 and later soared 4071bps in 2024.
  • Tracing QBTS's Gross Margin over 5 years: stood at 55.53% in 2022, then rose by 22bps to 67.69% in 2023, then decreased by -6bps to 63.79% in 2024, then increased by 2bps to 64.83% in 2025, then decreased by -2bps to 63.61% in 2026.
  • Business Quant data shows Gross Margin for QBTS at 63.61% in Q1 2026, 64.83% in Q4 2025, and 71.38% in Q3 2025.