D-Wave Quantum (QBTS) Net Margin (2021 - 2026)
D-Wave Quantum (QBTS) posted Net Margin of 642.3% for Q1 2026, up 49.26% sequentially from 1265.95% 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 (QBTS) has 6 years of Net Margin data on file, last reported 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 863.34% (down 55848.0% YoY) and the FY2025 annual result came in at 326.46%, up 57285.0% from the prior year.
- Net Margin rose to 642.3% in Q1 2026 per QBTS's latest filing, from 1265.95% in the prior quarter.
- The five-year high for Net Margin was 36.14% in Q1 2025, with the low at 1573.09% in Q1 2023.
- Average Net Margin over 5 years is 835.78%, with a median of 785.31% recorded in 2022.
- Year-over-year, Net Margin plunged 93012 bps in 2023 and surged 86250 bps in 2024.
- D-Wave Quantum's Net Margin stood at 715.78% in 2022, then climbed by 20 bps to 569.24% in 2023, then tumbled by 54 bps to 876.22% in 2024, then tumbled by 44 bps to 1265.95% in 2025, then surged by 49 bps to 642.3% in 2026.
- Business Quant data shows QBTS's Net Margin at 642.3% in Q1 2026, 1265.95% in Q4 2025, and 741.8% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sandisk | 300.77 Bn | 297.03 Bn | 4.66 Bn | 60.76% |
| 2 | Dell Technologies | 276.28 Bn | 264.70 Bn | 7.78 Bn | 7.84% |
| 3 | Arista Networks | 209.63 Bn | 197.28 Bn | 1.68 Bn | 37.76% |
| 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 | 24.04% |
| 6 | Everpure | 25.55 Bn | 24.23 Bn | 723.33 Mn | 2.29% |
| 7 | Hp | 20.30 Bn | 16.60 Bn | 3.02 Bn | 3.12% |
| 8 | Super Micro Computer | 16.60 Bn | 15.31 Bn | 1.02 Bn | 4.72% |
| 9 | Logitech International | 13.89 Bn | 12.15 Bn | 483.28 Mn | 13.22% |
| 10 | D-Wave Quantum | 8.64 Bn | 8.64 Bn | 1.82 Mn | -642.30% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -642.30% |
| Dec 31, 2025 | -1,265.95% |
| Sep 30, 2025 | -741.80% |
| Jun 30, 2025 | -856.28% |
| Mar 31, 2025 | -36.14% |
| Dec 31, 2024 | -876.22% |
| Sep 30, 2024 | -1,103.53% |
| Jun 30, 2024 | -862.99% |
| Mar 31, 2024 | -710.59% |
| Dec 31, 2023 | -569.24% |
| Sep 30, 2023 | -718.46% |
| Jun 30, 2023 | -1,224.78% |
| Mar 31, 2023 | -1,573.09% |
| Dec 31, 2022 | -715.78% |
| Sep 30, 2022 | -785.31% |
| Jun 30, 2022 | -882.79% |
| Mar 31, 2022 | -642.97% |
| Dec 31, 2021 | -494.31% |
| Sep 30, 2021 | -322.04% |
| Jun 30, 2021 | -839.31% |