D-Wave Quantum (QBTS) Net Margin (2021 - 2026)
D-Wave Quantum (QBTS) posted Net Margin of 642.3% for Q1 2026, up 54.49% sequentially from 1411.3% in Q4 2025, and down 60616.0% YoY from N/an in Q1 2025.
D-Wave Quantum (QBTS) Net Margin (2021 - 2026) Analysis & Trends
D-Wave Quantum has reported Net Margin for 6 years, with the latest figure at 642.3% in Q1 2026.
- Quarterly Net Margin fell 60616.0% year-over-year to 642.3% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 2726.74% (down 240722.0% YoY) and the FY2025 annual result came in at 945.53%, up 137227.0% from the prior year.
- Net Margin rose to 642.3% in Q1 2026 per QBTS's latest filing, from 1411.3% in the prior quarter.
- Over five years, Net Margin peaked at 36.14% in Q1 2025 and troughed at 4486.76% in Q3 2025.
- A 5-year average of 1275.28% and a median of 882.79% in 2022 frame the typical range for Net Margin.
- The widest YoY moves for Net Margin: up 119039 bps in 2025, down 333526 bps in 2025.
- Over 5 years, Net Margin stood at 790.1% in 2022, then soared by 33 bps to 527.94% in 2023, then plunged by 63 bps to 858.6% in 2024, then tumbled by 64 bps to 1411.3% in 2025, then soared by 54 bps to 642.3% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 642.3%, 1411.3%, and 4486.76% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 279.74 Bn | 268.16 Bn | 7.78 Bn | 7.84% |
| 2 | Arista Networks | 233.03 Bn | 220.67 Bn | 1.68 Bn | 37.76% |
| 3 | Sandisk | 191.00 Bn | 187.26 Bn | 4.66 Bn | 60.76% |
| 4 | Seagate Technology Holdings | 182.93 Bn | 181.79 Bn | 1.45 Bn | 24.04% |
| 5 | Western Digital | 180.27 Bn | 177.03 Bn | 1.68 Bn | - |
| 6 | Everpure | 26.48 Bn | 24.98 Bn | 723.33 Mn | 2.29% |
| 7 | Hp | 25.04 Bn | 21.33 Bn | 3.02 Bn | 3.12% |
| 8 | Super Micro Computer | 17.15 Bn | 15.86 Bn | 1.02 Bn | 4.73% |
| 9 | Logitech International | 15.08 Bn | 13.33 Bn | 607.94 Mn | 19.20% |
| 10 | D-Wave Quantum | 7.35 Bn | 7.35 Bn | 1.82 Mn | -642.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -642.30% |
| Dec 31, 2025 | -1,411.30% |
| Sep 30, 2025 | -4,486.76% |
| Jun 30, 2025 | -3,694.96% |
| Mar 31, 2025 | -36.14% |
| Dec 31, 2024 | -858.60% |
| Sep 30, 2024 | -1,151.50% |
| Jun 30, 2024 | -983.97% |
| Mar 31, 2024 | -1,226.53% |
| Dec 31, 2023 | -527.94% |
| Sep 30, 2023 | -749.69% |
| Jun 30, 2023 | -1,235.79% |
| Mar 31, 2023 | -1,573.09% |
| Dec 31, 2022 | -790.10% |
| Sep 30, 2022 | -785.31% |
| Jun 30, 2022 | -882.79% |
| Mar 31, 2022 | -642.97% |
| Dec 31, 2021 | -487.92% |
| Sep 30, 2021 | -322.04% |
| Jun 30, 2021 | -839.31% |