D-Wave Quantum (QBTS) Operating Margin (2021 - 2026)
D-Wave Quantum (QBTS) posted Operating Margin of 1914.87% for Q1 2026, down 51.26% sequentially from 1265.95% in Q4 2025, and down 183960.0% YoY from N/an in Q1 2025.
D-Wave Quantum (QBTS) Operating Margin (2021 - 2026) Analysis & Trends
D-Wave Quantum has reported Operating Margin for 6 years, with the latest figure at 1914.87% in Q1 2026.
- Quarterly Operating Margin fell 183960.0% year-over-year to 1914.87% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 1155.61% (down 82327.0% YoY) and the FY2025 annual result came in at 408.22%, up 46663.0% from the prior year.
- Operating Margin eased to 1914.87% in Q1 2026 per QBTS's latest filing, from 1265.95% in the prior quarter.
- Over five years, Operating Margin peaked at 75.27% in Q1 2025 and troughed at 1914.87% in Q1 2026.
- A 5-year average of 929.2% and a median of 876.22% in 2024 frame the typical range for Operating Margin.
- The sharpest annual moves came in 2024 and 2026: Operating Margin jumped 84911 bps in 2024, then plunged 183960 bps in 2026.
- Over 5 years, Operating Margin stood at 878.12% in 2022, then jumped by 35 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 tumbled by 51 bps to 1914.87% in 2026.
- According to Business Quant data, Operating Margin over the past three periods registered 1914.87%, 1265.95%, and 741.8% for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 279.74 Bn | 268.16 Bn | 7.78 Bn | 8.34% |
| 2 | Arista Networks | 233.03 Bn | 220.67 Bn | 1.68 Bn | 42.74% |
| 3 | Sandisk | 191.00 Bn | 187.26 Bn | 4.66 Bn | 69.09% |
| 4 | Seagate Technology Holdings | 182.93 Bn | 181.79 Bn | 1.45 Bn | 32.07% |
| 5 | Western Digital | 180.27 Bn | 177.03 Bn | 1.68 Bn | 35.66% |
| 6 | Everpure | 26.48 Bn | 24.98 Bn | 723.33 Mn | 1.89% |
| 7 | Hp | 25.04 Bn | 21.33 Bn | 3.02 Bn | 4.25% |
| 8 | Super Micro Computer | 17.15 Bn | 15.86 Bn | 1.02 Bn | 6.11% |
| 9 | Logitech International | 15.08 Bn | 13.33 Bn | 607.94 Mn | 21.07% |
| 10 | D-Wave Quantum | 7.35 Bn | 7.35 Bn | 1.82 Mn | -1,914.87% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1,914.87% |
| Dec 31, 2025 | -1,265.95% |
| Sep 30, 2025 | -741.80% |
| Jun 30, 2025 | -856.28% |
| Mar 31, 2025 | -75.27% |
| 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 | -1,559.70% |
| Dec 31, 2022 | -878.12% |
| Sep 30, 2022 | -894.63% |
| Jun 30, 2022 | -904.67% |
| Mar 31, 2022 | -639.29% |
| Dec 31, 2021 | -447.40% |
| Sep 30, 2021 | -749.27% |
| Jun 30, 2021 | -821.11% |