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

D-Wave Quantum (QBTS) posted Operating Income of -$54.7 million for Q1 2026, down 57.09% sequentially from -$34.8 million in Q4 2025, and down 384.7% YoY from $19.2 million in Q1 2025.

D-Wave Quantum (QBTS) Operating Income (2021 - 2026) Analysis & Trends

D-Wave Quantum (QBTS) has 6 years of Operating Income data on file, last reported at -$54.7 million in Q1 2026.

  • Quarterly Operating Income fell 384.7% year-over-year to -$54.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$143.8 million (down 102.55% YoY) and the FY2025 annual result came in at -$100.4 million, down 29.97% from the prior year.
  • Operating Income eased to -$54.7 million in Q1 2026 per QBTS's latest filing, from -$34.8 million in the prior quarter.
  • The five-year high for Operating Income was -$11.0 million in Q1 2022, with the low at -$54.7 million in Q1 2026.
  • Average Operating Income over 5 years is -$21.9 million, with a median of -$20.2 million recorded in 2024.
  • Year-over-year, Operating Income soared 35.54% in 2025 and sank 384.7% in 2026.
  • D-Wave Quantum's Operating Income stood at -$21.0 million in 2022, then advanced by 21.34% to -$16.5 million in 2023, then slipped by 22.31% to -$20.2 million in 2024, then tumbled by 72.2% to -$34.8 million in 2025, then sank by 57.09% to -$54.7 million in 2026.
  • Business Quant data shows QBTS's Operating Income at -$54.7 million in Q1 2026, -$34.8 million in Q4 2025, and -$27.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Sandisk 300.77 Bn 297.03 Bn 4.66 Bn 4.11 Bn
2 Dell Technologies 276.28 Bn 264.70 Bn 7.78 Bn 3.66 Bn
3 Arista Networks 209.63 Bn 197.28 Bn 1.68 Bn 1.16 Bn
4 Western Digital 204.64 Bn 201.41 Bn 1.68 Bn 1.19 Bn
5 Seagate Technology Holdings 202.26 Bn 201.11 Bn 1.45 Bn 998.00 Mn
6 Everpure 25.55 Bn 24.23 Bn 723.33 Mn 19.94 Mn
7 Hp 20.30 Bn 16.60 Bn 3.02 Bn 612.00 Mn
8 Super Micro Computer 16.60 Bn 15.31 Bn 1.02 Bn 625.87 Mn
9 Logitech International 13.89 Bn 12.15 Bn 483.28 Mn 135.80 Mn
10 D-Wave Quantum 8.64 Bn 8.64 Bn 1.82 Mn -54.73 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -54.73 Mn
Dec 31, 2025 -34.84 Mn
Sep 30, 2025 -27.74 Mn
Jun 30, 2025 -26.50 Mn
Mar 31, 2025 -11.29 Mn
Dec 31, 2024 -20.23 Mn
Sep 30, 2024 -20.64 Mn
Jun 30, 2024 -18.84 Mn
Mar 31, 2024 -17.52 Mn
Dec 31, 2023 -16.54 Mn
Sep 30, 2023 -18.41 Mn
Jun 30, 2023 -20.91 Mn
Mar 31, 2023 -24.69 Mn
Dec 31, 2022 -21.03 Mn
Sep 30, 2022 -15.16 Mn
Jun 30, 2022 -12.40 Mn
Mar 31, 2022 -10.95 Mn
Dec 31, 2021 -10.85 Mn
Sep 30, 2021 -9.79 Mn
Jun 30, 2021 -9.34 Mn