D-Wave Quantum (QBTS) Net Income (2021 - 2026)

D-Wave Quantum (QBTS) posted Net Income of -$18.4 million for Q1 2026, up 47.31% sequentially from -$34.8 million in Q4 2025, and down 238.63% YoY from $13.2 million in Q1 2025.

D-Wave Quantum (QBTS) Net Income (2021 - 2026) Analysis & Trends

D-Wave Quantum (QBTS) has 6 years of Net Income data on file, last reported at -$18.4 million in Q1 2026.

  • Quarterly Net Income fell 238.63% year-over-year to -$18.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$107.4 million (down 64.96% YoY) and the FY2025 annual result came in at -$80.3 million, down 1.11% from the prior year.
  • Net Income rose to -$18.4 million in Q1 2026 per QBTS's latest filing, from -$34.8 million in the prior quarter.
  • The five-year high for Net Income was -$5.4 million in Q1 2025, with the low at -$34.8 million in Q4 2025.
  • Average Net Income over 5 years is -$19.3 million, with a median of -$18.4 million recorded in 2023.
  • Year-over-year, Net Income soared 69.05% in 2025 and plunged 238.63% in 2026.
  • D-Wave Quantum's Net Income stood at -$17.1 million in 2022, then rose by 3.51% to -$16.5 million in 2023, then slipped by 22.31% to -$20.2 million in 2024, then tumbled by 72.2% to -$34.8 million in 2025, then jumped by 47.31% to -$18.4 million in 2026.
  • Business Quant data shows QBTS's Net Income at -$18.4 million in Q1 2026, -$34.8 million in Q4 2025, and -$27.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Sandisk 300.77 Bn 297.03 Bn 4.66 Bn 3.62 Bn
2 Dell Technologies 276.28 Bn 264.70 Bn 7.78 Bn 3.44 Bn
3 Arista Networks 209.63 Bn 197.28 Bn 1.68 Bn 1.02 Bn
4 Western Digital 204.64 Bn 201.41 Bn 1.68 Bn -
5 Seagate Technology Holdings 202.26 Bn 201.11 Bn 1.45 Bn 748.00 Mn
6 Everpure 25.55 Bn 24.23 Bn 723.33 Mn 24.08 Mn
7 Hp 20.30 Bn 16.60 Bn 3.02 Bn 450.00 Mn
8 Super Micro Computer 16.60 Bn 15.31 Bn 1.02 Bn 484.07 Mn
9 Logitech International 13.89 Bn 12.15 Bn 483.28 Mn 143.46 Mn
10 D-Wave Quantum 8.64 Bn 8.64 Bn 1.82 Mn -18.36 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -18.36 Mn
Dec 31, 2025 -34.84 Mn
Sep 30, 2025 -27.74 Mn
Jun 30, 2025 -26.50 Mn
Mar 31, 2025 -5.42 Mn
Dec 31, 2024 -20.23 Mn
Sep 30, 2024 -20.64 Mn
Jun 30, 2024 -18.84 Mn
Mar 31, 2024 -17.52 Mn
Dec 31, 2023 -16.54 Mn
Sep 30, 2023 -18.41 Mn
Jun 30, 2023 -20.91 Mn
Mar 31, 2023 -24.90 Mn
Dec 31, 2022 -17.14 Mn
Sep 30, 2022 -16.23 Mn
Jun 30, 2022 -12.10 Mn
Mar 31, 2022 -11.01 Mn
Dec 31, 2021 -11.99 Mn
Sep 30, 2021 -10.00 Mn
Jun 30, 2021 -9.54 Mn