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D-Wave Quantum QBTS Operating margin

Operating margin at other companies

Quantum Computing Inc. logo
Quantum Computing Inc.QUBT
-1,461.5%-649pp
IonQ logo
IonQIONQ
-408.2%-120pp
Rigetti Computing, Inc. logo
Rigetti Computing, Inc.RGTI
-727.6%-148pp
Alphabet Inc. logo
Alphabet Inc.GOOGL

Other financials

Income statement

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Revenue$3.1M-0.6%
Gross profit$1.7M-13.8%
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
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.

Based on trailing twelve months.

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 operating margin?
D-Wave Quantum (QBTS) reported operating margin of -1,372.9% in Q2 2026.
How has D-Wave Quantum's operating margin changed year-over-year?
D-Wave Quantum's operating margin decreased by 288.8% year-over-year, from -353.1% to -1,372.9%.
What is the long-term trend for D-Wave Quantum's operating margin?
Over 5 years (2020 to 2025), D-Wave Quantum's operating margin has grown at a -7.7% compound annual growth rate (CAGR), from -609.8% to -408.2%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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