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
Follow QBTS
Alert me
D-Wave Quantum Inc. (QBTS) Operating margin
D-Wave Quantum Inc.'s operating margin over the twelve months to 30 June 2026 was −1,372.9%, down 964.7 percentage points from fiscal 2025 (−408.2%). Over the past ten years it has ranged from −919.7% (fiscal 2023) to −408.2% (fiscal 2025) — the current reading is the highest in ten years. That is below the Computer Hardware industry median of −0.80% and below the Technology sector median of 0.02%.
Operating margin, annual
Embed this chart
Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | −408.2% | 466.63 |
| FY2024 | −874.9% | 44.83 |
| FY2023 | −919.7% | (90.77) |
| FY2022 | −828.9% | (208.62) |
| FY2021 | −620.3% | (10.46) |
| FY2020 | −609.8% | — |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | −1,732.1% | 182.82 |
| Mar 2026 | −1,914.9% | (648.92) |
| Dec 2025 | −1,266.0% | (524.15) |
| Sep 2025 | −741.8% | 114.48 |
| 19 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| LOGI Logitech International S.A. compare | 17.8% |
| CRCT Cricut, Inc. compare | 16.7% |
| CRSR Corsair Gaming, Inc. compare | 3.17% |
| IQMX IQM Quantum Computers Oyj compare | 0.00% |
| QUBT Quantum Computing Inc. compare | 0.00% |
| IONQ IonQ, Inc. compare | −333.9% |
| RGTI Rigetti Computing, Inc. compare | −727.6% |
| QBTS D-Wave Quantum Inc. | −1,372.9% |
| ADIG ADI Global Distribution Inc compare | — |
| Computer Hardware industry median | −0.80% |
| Technology sector median | 0.02% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on QBTS
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement