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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 - 2025)

D-Wave Quantum's Gross Margin history spans 5 years, with the latest figure at 64.83% for Q4 2025.

  • For Q4 2025, Gross Margin rose 103.0% year-over-year to 64.83%; the TTM value through Dec 2025 reached 82.59%, up 1957.0%, while the annual FY2025 figure was 82.59%, 1957.0% up from the prior year.
  • Gross Margin for Q4 2025 was 64.83% at D-Wave Quantum, down from 71.38% in the prior quarter.
  • Across five years, Gross Margin topped out at 191.71% in Q4 2021 and bottomed at 26.6% in Q1 2023.
  • The 5-year median for Gross Margin is 63.69% (2024), against an average of 68.27%.
  • The largest annual shift saw Gross Margin tumbled -13618bps in 2022 before it surged 4071bps in 2024.
  • A 5-year view of Gross Margin shows it stood at 191.71% in 2021, then crashed by -71bps to 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.
  • Per Business Quant, the three most recent readings for QBTS's Gross Margin are 64.83% (Q4 2025), 71.38% (Q3 2025), and 63.84% (Q2 2025).