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

D-Wave Quantum has disclosed Net Margin across 6 years of filings, most recently posting 642.3% for Q1 2026.

• Net Margin for Q1 2026 came in at 642.3%, down 60616.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 863.34% (down 55848.0% YoY), and the FY2025 annual result was 326.46%, up 57285.0% from the prior year.
• Net Margin came in at 642.3% for Q1 2026 at D-Wave Quantum, up from 1265.95% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 36.14% in Q1 2025 to a low of 1573.09% in Q1 2023.
• The 5-year median for Net Margin is 785.31% (2022), against an average of 835.78%.
• Across the five-year window, Net Margin slumped 93012 bps in 2023 and jumped 86250 bps in 2024, its largest moves.
• D-Wave Quantum's Net Margin stood at 715.78% in 2022, then rose by 20 bps to 569.24% in 2023, then slumped by 54 bps to 876.22% in 2024, then slumped by 44 bps to 1265.95% in 2025, then surged by 49 bps to 642.3% in 2026.
• The last three Net Margin figures came in at 642.3% (Q1 2026), 1265.95% (Q4 2025), and 741.8% (Q3 2025), per Business Quant data.