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Net margin at other companies

International Business Machines logo
International Business MachinesIBM
15.6%+6.9pp
IonQ logo
IonQIONQ
-1,836.3%-2,750pp
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$2.9M-80.9%
Gross profit$1.8M-86.9%
Operating income-$54.7M-385%
Net income-$18.4M-239%
EPS (diluted)-$0.05-150%

Balance sheet

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Cash & equivalents$338.2M+11.1%
Total debt$46.7M+22.5%
Total equity$1.1B+442%
Total assets$1.2B+268%

Cash flow

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Operating cash flow-$45.0M-133%
CapEx$1.1M+147%
Free cash flow-$46.0M-134%

Valuation

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Market cap$9.15B+141%
Enterprise value$8.85B+159%
P/S735×+557×

Profitability

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Gross margin66.3%-17.0pp
Operating margin-1,155.6%-1,938pp
FCF margin-821%-1,451pp

Returns & leverage

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Return on equity-55.3%
Debt / equity-0.1×
Current ratio21.4×+0.7×

Where this comes from

Calculated from D-Wave Quantum’s reported figures.

Based on trailing twelve months.

The official record: D-Wave Quantum’s 10-Q, filed May 12, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is D-Wave Quantum's net margin?
D-Wave Quantum (QBTS) reported net margin of -2,957.2% in Q1 2026.
How has D-Wave Quantum's net margin changed year-over-year?
D-Wave Quantum's net margin decreased by 378.6% year-over-year, from -617.8% to -2,957.2%.
What is the long-term trend for D-Wave Quantum's net margin?
Over 5 years (2020 to 2025), D-Wave Quantum's net margin has grown at a 27.7% compound annual growth rate (CAGR), from -425.7% to -1,444.1%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.