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

D-Wave Quantum has disclosed Gross Margin across 6 years of filings, most recently posting 55.4% for Q2 2026.

• In Q2 2026, Gross Margin fell 845.0% year-over-year to 55.4%; the TTM figure through Jun 2026 stood at 64.19% (down 1828.0% YoY), while the FY2025 annual figure was 82.59%, up 1957.0% from the prior year.
• Gross Margin came in at 55.4% for Q2 2026 at D-Wave Quantum, down from 63.61% 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.
• Average Gross Margin over 5 years is 60.73%, with a median of 63.6% recorded in 2024.
• Year-over-year, Gross Margin tumbled 3744 bps in 2023 and surged 4071 bps in 2024.
• Over 5 years, 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 declined by 15 bps to 55.4% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 55.4% in Q2 2026, 63.61% in Q1 2026, and 64.83% in Q4 2025.