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

D-Wave Quantum has disclosed Gross Margin across 6 years of filings, most recently posting 63.61% for Q1 2026.

• Gross Margin for Q1 2026 came in at 63.61%, down 2890.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 66.27% (down 1696.0% YoY), and the FY2025 annual result was 82.59%, up 1957.0% from the prior year.
• Gross Margin came in at 63.61% for Q1 2026 at D-Wave Quantum, down from 64.83% 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.
• The 5-year median for Gross Margin is 63.61% (2026), against an average of 61.04%.
• Across the five-year window, Gross Margin plunged 3744 bps in 2023 and jumped 4071 bps in 2024, its largest moves.
• D-Wave Quantum's Gross Margin stood at 55.53% in 2022, then advanced by 22 bps to 67.69% in 2023, then dropped by 6 bps to 63.79% in 2024, then gained by 2 bps to 64.83% in 2025, then retreated by 2 bps to 63.61% in 2026.
• The last three Gross Margin figures came in at 63.61% (Q1 2026), 64.83% (Q4 2025), and 71.38% (Q3 2025), per Business Quant data.