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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on SalesTimes Interest Earned

D-Wave Quantum (QBTS) Net Margin (2021 - 2025)

D-Wave Quantum's Net Margin history spans 5 years, with the latest figure at 1265.95% for Q4 2025.

  • For Q4 2025, Net Margin fell 38973.0% year-over-year to 1265.95%; the TTM value through Dec 2025 reached 408.22%, up 46663.0%, while the annual FY2025 figure was 326.46%, 57285.0% up from the prior year.
  • Net Margin for Q4 2025 was 1265.95% at D-Wave Quantum, down from 741.8% in the prior quarter.
  • Across five years, Net Margin topped out at 75.27% in Q1 2025 and bottomed at 1588.38% in Q1 2023.
  • The 5-year median for Net Margin is 847.8% (2021), against an average of 847.17%.
  • The largest annual shift saw Net Margin tumbled -91844bps in 2023 before it skyrocketed 87779bps in 2024.
  • A 5-year view of Net Margin shows it stood at 494.31% in 2021, then crashed by -64bps to 811.57% in 2022, then rose by 30bps to 569.24% in 2023, then crashed by -54bps to 876.22% in 2024, then tumbled by -44bps to 1265.95% in 2025.
  • Per Business Quant, the three most recent readings for QBTS's Net Margin are 1265.95% (Q4 2025), 741.8% (Q3 2025), and 856.28% (Q2 2025).