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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on SalesTimes Interest Earned

D-Wave Quantum (QBTS) Operating Margin (2021 - 2025)

D-Wave Quantum's Operating Margin history spans 5 years, with the latest figure at 1265.95% for Q4 2025.

  • For Q4 2025, Operating Margin fell 38973.0% year-over-year to 1265.95%; the TTM value through Dec 2025 reached 408.22%, up 46663.0%, while the annual FY2025 figure was 408.22%, 46663.0% up from the prior year.
  • Operating Margin for Q4 2025 was 1265.95% at D-Wave Quantum, down from 741.8% in the prior quarter.
  • Across five years, Operating Margin topped out at 75.27% in Q1 2025 and bottomed at 1559.7% in Q1 2023.
  • The 5-year median for Operating Margin is 859.64% (2024), against an average of 841.67%.
  • The largest annual shift saw Operating Margin tumbled -92041bps in 2023 before it soared 84911bps in 2024.
  • A 5-year view of Operating Margin shows it stood at 447.4% in 2021, then crashed by -96bps to 878.12% in 2022, then soared by 35bps to 569.24% in 2023, then crashed by -54bps to 876.22% in 2024, then tumbled by -44bps to 1265.95% in 2025.
  • Per Business Quant, the three most recent readings for QBTS's Operating Margin are 1265.95% (Q4 2025), 741.8% (Q3 2025), and 856.28% (Q2 2025).