D-Wave Quantum (QBTS) Profit After Tax (2021 - 2026)
D-Wave Quantum's (QBTS) quarterly Profit After Tax came in at -$48.0 million in Q2 2026, up 71.3% year-over-year from -$28.0 million in Q2 2025, and down 159.72% quarter-over-quarter from -$18.5 million in Q1 2026.
Analysis
D-Wave Quantum (QBTS) Profit After Tax (2021 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Profit After Tax across 6 years of filings, most recently posting -$48.0 million for Q2 2026.
- In Q2 2026, Profit After Tax rose 71.3% year-over-year to -$48.0 million; the TTM figure through Jun 2026 stood at -$248.8 million (up 11.64% YoY), while the FY2025 annual figure was -$355.1 million, down 146.78% from the prior year.
- Profit After Tax came in at -$48.0 million for Q2 2026 at D-Wave Quantum, down from -$18.5 million in the prior quarter.
- In the past five years, Profit After Tax ranged from a high of -$5.4 million in Q1 2025 to a low of -$167.3 million in Q2 2025.
- Average Profit After Tax over 5 years is -$39.0 million, with a median of -$18.1 million recorded in 2022.
- Year-over-year, Profit After Tax tumbled 841.21% in 2025 and soared 71.3% in 2026.
- Over 5 years, Profit After Tax stood at -$17.8 million in 2022, then gained by 9.67% to -$16.1 million in 2023, then tumbled by 435.49% to -$86.0 million in 2024, then jumped by 50.78% to -$42.3 million in 2025, then retreated by 13.47% to -$48.0 million in 2026.
- Per Business Quant data, the three most recent Profit After Tax figures were -$48.0 million in Q2 2026, -$18.5 million in Q1 2026, and -$42.3 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | -1.87 Bn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | -48.03 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | -52.61 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | -12.70 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | -25.03 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | -12.11 Mn |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - | -6.02 Mn |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - | - |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - | -115.23 Mn |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | -42.05 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -48.03 Mn |
| Mar 31, 2026 | -18.49 Mn |
| Dec 31, 2025 | -42.33 Mn |
| Sep 30, 2025 | -139.99 Mn |
| Jun 30, 2025 | -167.33 Mn |
| Mar 31, 2025 | -5.42 Mn |
| Dec 31, 2024 | -86.00 Mn |
| Sep 30, 2024 | -22.86 Mn |
| Jun 30, 2024 | -17.78 Mn |
| Mar 31, 2024 | -17.31 Mn |
| Dec 31, 2023 | -16.06 Mn |
| Sep 30, 2023 | -16.11 Mn |
| Jun 30, 2023 | -26.26 Mn |
| Mar 31, 2023 | -24.43 Mn |
| Dec 31, 2022 | -17.78 Mn |
| Sep 30, 2022 | -11.70 Mn |
| Jun 30, 2022 | -12.30 Mn |
| Mar 31, 2022 | -11.62 Mn |
| Dec 31, 2021 | -23.30 Mn |
| Sep 30, 2021 | -4.21 Mn |