D-Wave Quantum (QBTS) Operating Income (2021 - 2026)

D-Wave Quantum has disclosed Operating Income across 6 years of filings, most recently posting -$54.7 million for Q1 2026.

• Operating Income for Q1 2026 came in at -$54.7 million, down 384.7% year-over-year; the trailing twelve-month figure through Mar 2026 was -$143.8 million (down 102.55% YoY), and the FY2025 annual result was -$100.4 million, down 29.97% from the prior year.
• Operating Income came in at -$54.7 million for Q1 2026 at D-Wave Quantum, down from -$34.8 million in the prior quarter.
• In the past five years, Operating Income ranged from a high of -$11.0 million in Q1 2022 to a low of -$54.7 million in Q1 2026.
• The 5-year median for Operating Income is -$20.2 million (2024), against an average of -$21.9 million.
• Across the five-year window, Operating Income surged 35.54% in 2025 and tumbled 384.7% in 2026, its largest moves.
• D-Wave Quantum's Operating Income stood at -$21.0 million in 2022, then increased by 21.34% to -$16.5 million in 2023, then fell by 22.31% to -$20.2 million in 2024, then slumped by 72.2% to -$34.8 million in 2025, then plunged by 57.09% to -$54.7 million in 2026.
• The last three Operating Income figures came in at -$54.7 million (Q1 2026), -$34.8 million (Q4 2025), and -$27.7 million (Q3 2025), per Business Quant data.