D-Wave Quantum reported a gross margin of 55.40% and a net margin of -1,561.38% for the quarter ended Jun 2026. These financial ratios cover 22 quarters of results from Dec 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Dec2020 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||
| Gross Margin | 76.51% | 63.85% | 64.04% | 54.78% | 61.42% | 55.53% | 26.60% | 41.30% | 59.68% | 67.69% | 67.30% | 63.58% | 55.78% | 63.79% | 92.51% | 63.84% | 71.38% | 64.83% | 63.61% | 55.40% | ||
| EBT Margin | -764.96% | -487.92% | -642.97% | -882.79% | -7,228.50% | -790.10% | -1,573.09% | -1,235.79% | -749.69% | -527.94% | -1,226.53% | -983.97% | -1,151.50% | -858.60% | -36.14% | -3,694.96% | -4,486.76% | -1,411.30% | -1,637.82% | -1,561.12% | ||
| EBIT Margin | -749.27% | -447.40% | -639.29% | -904.67% | -894.63% | -878.12% | -1,559.70% | -1,224.78% | -718.46% | -569.24% | -710.59% | -862.99% | -1,103.53% | -876.22% | -75.27% | -856.28% | -741.80% | -1,265.95% | -1,914.87% | -1,732.05% | ||
| EBITDA Margin | -749.27% | -447.40% | -639.29% | -904.67% | -894.63% | -878.12% | -1,559.70% | -1,224.78% | -718.46% | -569.24% | -710.59% | -862.99% | -1,103.53% | -876.22% | -75.27% | -856.28% | -741.80% | -1,265.95% | -1,914.87% | -1,732.05% | ||
| Operating Margin | -749.27% | -447.40% | -639.29% | -904.67% | -894.63% | -878.12% | -1,559.70% | -1,224.78% | -718.46% | -569.24% | -710.59% | -862.99% | -1,103.53% | -876.22% | -75.27% | -856.28% | -741.80% | -1,265.95% | -1,914.87% | -1,732.05% | ||
| Net Margin | -322.04% | -487.92% | -642.97% | -882.79% | -785.31% | -790.10% | -1,573.09% | -1,235.79% | -749.69% | -527.94% | -1,226.53% | -983.97% | -1,151.50% | -858.60% | -36.14% | -3,694.96% | -4,486.76% | -1,411.30% | -642.30% | -1,561.38% | ||
| FCF Margin | -590.97% | -308.37% | -561.76% | -878.99% | -748.85% | -469.98% | -859.13% | -906.80% | -656.56% | -505.95% | -494.40% | -664.36% | -928.56% | 90.08% | -129.79% | -526.07% | -536.53% | -603.71% | -1,610.95% | -1,000.20% | ||
| Efficiency | ||||||||||||||||||||||
| Inventory AverageInventory Avg. | 2.34M | 2.36M | 2.22M | 2.28M | 2.28M | 2.16M | 2.08M | 2.10M | 2.01M | 1.79M | 1.69M | 2.08M | 2.64M | 2.80M | 2.85M | 3.20M | ||||||
| Assets AverageAssets Avg. | 34.67M | 30.30M | 27.20M | 26.18M | 47.54M | 64.77M | 53.98M | 55.21M | 55.69M | 124.71M | 262.73M | 584.60M | 854.71M | 890.82M | 1,057.81M | 1,179.12M | ||||||
| Invested CapitalInvested Cap. | 0.39M | 21.35M | 2.23M | 1.86M | 0.98M | 16.10M | 30.20M | 0.40M | 0.37M | 32.67M | 14.07M | 0.35M | 0.35M | 0.14M | 0.13M | 0.14M | 0.15M | |||||
| Asset Utilization RatioAsset Util. | 0.21 | 0.24 | 0.26 | 0.28 | 0.17 | 0.14 | 0.18 | 0.18 | 0.17 | 0.07 | 0.08 | 0.04 | 0.03 | 0.03 | 0.01 | 0.01 | ||||||
| Leverage & Solvency | ||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -47.77 | -11.04 | -173.83 | 41.34 | -0.14 | 9.98 | -116.46 | -111.21 | -23.01 | 13.79 | -1.38 | -7.13 | -23.01 | 49.71 | -0.17 | -0.30 | -0.20 | -8.71 | -1.06 | -0.86 | ||
| Debt Ratio | 1.04 | 0.96 | 0.44 | 1.23 | 1.18 | 1.93 | 0.90 | 1.08 | 1.30 | 1.04 | 0.93 | 0.15 | 0.09 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | ||||
| Times Interest Earned | -47.77 | -11.04 | -173.83 | 41.34 | -0.14 | 9.98 | -116.46 | -111.21 | -23.01 | 13.79 | -1.38 | -7.13 | -23.01 | 49.71 | -0.17 | -0.30 | -0.20 | -8.71 | -1.06 | -0.86 | ||
| Valuation | ||||||||||||||||||||||
| Enterprise Value | -8.04M | -9.54M | -10.50M | -13.80M | -41.31M | -177.98M | -304.32M | -819.31M | -836.23M | -884.48M | -588.39M | -546.22M | ||||||||||
| Return Ratios | ||||||||||||||||||||||
| Return on SalesROS | -0.08% | -0.05% | -0.06% | -0.09% | -0.72% | -0.08% | -0.16% | -0.12% | -0.07% | -0.05% | -0.12% | -0.10% | -0.12% | -0.09% | 0.00% | -0.37% | -0.45% | -0.14% | -0.06% | -0.16% | ||
| Return on Capital EmployedROCE | -234.17% | -417.58% | -821.15% | 1,069.60% | -2,113.72% | -150.50% | -170.16% | -581.27% | -246.28% | -81.66% | -28.66% | -13.91% | -10.22% | -11.54% | -13.97% | -14.81% | ||||||
| Return on Invested CapitalROIC | -3.14% | |||||||||||||||||||||
| Return on AssetsROA | 0.00% |