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D-Wave Quantum QBTS Gross Profit

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Other financials

Income statement

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Revenue$3.1M-0.6%
Operating income-$53.3M-101%
Net income-$48.0M+71.3%
EPS (diluted)-$0.13+76.4%

Balance sheet

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Cash & equivalents$296.6M-63.8%
Total debt$48.0M+20.0%
Total equity$1.1B+56.0%
Total assets$1.2B+37.3%

Cash flow

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Operating cash flow-$28.5M-86.5%
CapEx$4.4M+493%
Free cash flow-$32.9M-105%

Valuation

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Market cap$7.92B+44.2%
Enterprise value$7.68B+62.8%
P/S637.7×+391×

Profitability

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Gross margin64.2%-18.3pp
Operating margin-1,372.9%-2,100pp
Net margin-2,001.6%+2,806pp
FCF margin-958.4%-1,451pp

Returns & leverage

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Return on equity-28%
Debt / equity0.0×
Current ratio20.5×-22.4×

Where this comes from

Calculated from D-Wave Quantum’s reported figures.

The source filing: D-Wave Quantum’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 4:19 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001907982-26-000129

FAQ

What is D-Wave Quantum's gross profit?
D-Wave Quantum (QBTS) reported gross profit of $1.7M in Q2 2026.
How has D-Wave Quantum's gross profit changed year-over-year?
D-Wave Quantum's gross profit decreased by 13.8% year-over-year, from $1.98M to $1.7M.
What is the long-term trend for D-Wave Quantum's gross profit?
Over 4 years (2021 to 2025), D-Wave Quantum's gross profit has grown at a 45.5% compound annual growth rate (CAGR), from $4.53M to $20.31M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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