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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 (QBTS) has disclosed Gross Margin for 5 consecutive years, with 64.83% as the latest value for Q4 2025.

  • Quarterly Gross Margin rose 103.0% to 64.83% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 82.59% through Dec 2025, up 1957.0% year-over-year, with the annual reading at 82.59% for FY2025, 1957.0% up from the prior year.
  • Gross Margin hit 64.83% in Q4 2025 for D-Wave Quantum, down from 71.38% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 92.51% in Q1 2025 to a low of 26.6% in Q1 2023.
  • Historically, Gross Margin has averaged 61.84% across 5 years, with a median of 63.79% in 2024.
  • Biggest five-year swings in Gross Margin: crashed -3744bps in 2023 and later soared 4071bps in 2024.
  • Year by year, Gross Margin stood at 63.85% in 2021, then fell by -13bps to 55.53% in 2022, then grew by 22bps to 67.69% in 2023, then fell by -6bps to 63.79% in 2024, then rose by 2bps to 64.83% in 2025.
  • Business Quant data shows Gross Margin for QBTS at 64.83% in Q4 2025, 71.38% in Q3 2025, and 63.84% in Q2 2025.