stockrowD-Wave Quantum Inc.
QBTS Technology Computer Hardware
D-Wave Quantum Inc.’s revenue for fiscal 2025 (year ended December 2025) was $24.6 million, up 178.5% from fiscal 2024.
- Revenue
- −0.61%
- EPS
- +76.4%
- Free cash flow
- −105.8%
- Total debt
- +9.27%
Quarter to June 2026, against a year earlier
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D-Wave Quantum Inc. (QBTS) Net margin
D-Wave Quantum Inc.'s net margin over the twelve months to 30 June 2026 was −2,001.6%, down 557.5 percentage points from fiscal 2025 (−1,444.1%). Over the past ten years it has ranged from −1,630.0% (fiscal 2024) to −425.7% (fiscal 2020); the current reading is higher than 33% of that period. That is below the Computer Hardware industry median of −0.75% and below the Technology sector median of 0.00%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | −1,444.1% | 185.89 |
| FY2024 | −1,630.0% | (685.54) |
| FY2023 | −944.5% | (195.78) |
| FY2022 | −748.7% | (96.13) |
| FY2021 | −652.5% | (226.82) |
| FY2020 | −425.7% | — |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | −1,561.4% | (919.08) |
| Mar 2026 | −642.3% | 895.71 |
| Dec 2025 | −1,538.0% | 2,205.93 |
| Sep 2025 | −3,743.9% | 1,662.49 |
| 21 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| IONQ IonQ, Inc. compare | 67.1% |
| LOGI Logitech International S.A. compare | 16.4% |
| CRCT Cricut, Inc. compare | 13.4% |
| IQMX IQM Quantum Computers Oyj compare | 0.00% |
| CRSR Corsair Gaming, Inc. compare | 0.00% |
| RGTI Rigetti Computing, Inc. compare | −1,787.4% |
| QBTS D-Wave Quantum Inc. | −2,001.6% |
| QUBT Quantum Computing Inc. compare | −14,003.9% |
| ADIG ADI Global Distribution Inc compare | — |
| Computer Hardware industry median | −0.75% |
| Technology sector median | 0.00% |
| Market median | 1.06% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
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