D-Wave Quantum (QBTS) Net Margin (2021 - 2026)
D-Wave Quantum's (QBTS) quarterly Net Margin came in at 1561.38% in Q2 2026, up 384505.0% year-over-year from N/an in Q2 2025, and down 143.09% quarter-over-quarter from 642.3% in Q1 2026.
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D-Wave Quantum (QBTS) Net Margin (2021 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Net Margin across 6 years of filings, most recently posting 1561.38% for Q2 2026.
- In Q2 2026, Net Margin rose 384505.0% year-over-year to 1561.38%; the TTM figure through Jun 2026 stood at 1037.91% (down 7890.0% YoY), while the FY2025 annual figure was 326.46%, up 57285.0% from the prior year.
- Net Margin came in at 1561.38% for Q2 2026 at D-Wave Quantum, down from 642.3% 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 5406.43% in Q2 2025.
- Average Net Margin over 5 years is 1148.61%, with a median of 869.61% recorded in 2024.
- Year-over-year, Net Margin plunged 454344 bps in 2025 and surged 384505 bps in 2026.
- Over 5 years, Net Margin stood at 921.75% in 2022, then soared by 38 bps to 569.24% in 2023, then plunged by 54 bps to 876.22% in 2024, then plunged by 44 bps to 1265.95% in 2025, then decreased by 23 bps to 1561.38% in 2026.
- Per Business Quant data, the three most recent Net Margin figures were 1561.38% in Q2 2026, 642.3% in Q1 2026, and 1265.95% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | -2,334.25% |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | -1,561.38% |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | -1,023.86% |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | -211.73% |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | -182.41% |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | -12,169.92% |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - | - |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - | - |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - | - |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | -1,831.37% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -1,561.38% |
| Mar 31, 2026 | -642.30% |
| Dec 31, 2025 | -1,265.95% |
| Sep 30, 2025 | -741.80% |
| Jun 30, 2025 | -5,406.43% |
| 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 | -921.75% |
| Sep 30, 2022 | -785.31% |
| Jun 30, 2022 | -1,032.02% |
| Mar 31, 2022 | -642.97% |
| Dec 31, 2021 | -494.31% |
| Sep 30, 2021 | -322.04% |