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

D-Wave Quantum's (QBTS) quarterly Net Income came in at -$18.4 million in Q1 2026, down 238.63% year-on-year from $13.2 million in Q1 2025, and up 47.31% quarter-over-quarter from -$34.8 million in Q4 2025.

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

D-Wave Quantum has disclosed Net Income across 6 years of filings, most recently posting -$18.4 million for Q1 2026.

  • Net Income for Q1 2026 came in at -$18.4 million, down 238.63% year-over-year; the trailing twelve-month figure through Mar 2026 was -$107.4 million (down 64.96% YoY), and the FY2025 annual result was -$80.3 million, down 1.11% from the prior year.
  • Net Income came in at -$18.4 million for Q1 2026 at D-Wave Quantum, up from -$34.8 million in the prior quarter.
  • In the past five years, Net Income ranged from a high of -$5.4 million in Q1 2025 to a low of -$34.8 million in Q4 2025.
  • The 5-year median for Net Income is -$18.4 million (2023), against an average of -$19.3 million.
  • Across the five-year window, Net Income surged 69.05% in 2025 and slumped 238.63% in 2026, its largest moves.
  • D-Wave Quantum's Net Income stood at -$17.1 million in 2022, then climbed by 3.51% to -$16.5 million in 2023, then fell by 22.31% to -$20.2 million in 2024, then slumped by 72.2% to -$34.8 million in 2025, then jumped by 47.31% to -$18.4 million in 2026.
  • The last three Net Income figures came in at -$18.4 million (Q1 2026), -$34.8 million (Q4 2025), and -$27.7 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Income (Qtr)
1 Dell Technologies 266.21 Bn 254.69 Bn 6.73 Bn 2.26 Bn
2 Sandisk 230.78 Bn 227.04 Bn 4.66 Bn 3.62 Bn
3 Arista Networks 194.03 Bn 181.67 Bn 1.68 Bn 1.02 Bn
4 Seagate Technology Holdings 183.90 Bn 182.75 Bn 1.45 Bn 748.00 Mn
5 Western Digital 175.01 Bn 171.77 Bn 1.68 Bn -
6 Super Micro Computer 24.90 Bn 23.61 Bn 1.02 Bn 484.07 Mn
7 Everpure 23.71 Bn 22.70 Bn 740.09 Mn 100.25 Mn
8 Hp 23.64 Bn 19.93 Bn 3.02 Bn 450.00 Mn
9 IonQ 20.37 Bn 18.35 Bn 15.41 Mn 804.61 Mn
10 D-Wave Quantum 8.82 Bn 8.82 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