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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Sales

D-Wave Quantum (QBTS) Gross Margin (2021 - 2025)

Historic Gross Margin for Wave Quantum (QBTS) over the last 5 years, with Q3 2025 value amounting to 71.38%.

  • Wave Quantum's Gross Margin rose 156100.0% to 71.38% in Q3 2025 from the same period last year, while for Sep 2025 it was 82.82%, marking a year-over-year increase of 185400.0%. This contributed to the annual value of 63.02% for FY2024, which is 102500.0% up from last year.
  • As of Q3 2025, Wave Quantum's Gross Margin stood at 71.38%, which was up 156100.0% from 63.84% recorded in Q2 2025.
  • Over the past 5 years, Wave Quantum's Gross Margin peaked at 92.51% during Q1 2025, and registered a low of 26.6% during Q1 2023.
  • Moreover, its 5-year median value for Gross Margin was 63.69% (2024), whereas its average is 61.68%.
  • As far as peak fluctuations go, Wave Quantum's Gross Margin crashed by -374400bps in 2023, and later skyrocketed by 407100bps in 2024.
  • Over the past 5 years, Wave Quantum's Gross Margin (Quarter) stood at 63.85% in 2021, then dropped 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 grew by 12bps to 71.38% in 2025.
  • Its Gross Margin stands at 71.38% for Q3 2025, versus 63.84% for Q2 2025 and 92.51% for Q1 2025.