TTM
−$386.70M
YoY change
+152.6%
5Y CAGR
—
Peak year (2020)
−$14.06M
Cumulative EBITDA
−$707.48M
EBITDA history chart for D-Wave Quantum (QBTS) from 2020 to 2025
Latest: −$348.74M
EBITDA growth chart for D-Wave Quantum (QBTS) from 2020 to 2025
Latest: +152.6%
EBITDA history table for D-Wave Quantum (QBTS) from 2020 to 2025
| 2025 | −$348.74M | +152.6% | −$210.69M | ||
| 2024 | −$138.05M | +70.8% | −$57.22M | ||
| 2023 | −$80.83M | +64.9% | −$31.80M | ||
| 2022 | −$49.03M | +42.7% | −$14.68M | ||
| 2021 | −$34.36M | +144.3% | −$20.30M | ||
| 2020 | −$14.06M | — | — |
- 2025−$348.74M+152.6%
- 2024−$138.05M+70.8%
- 2023−$80.83M+64.9%
- 2022−$49.03M+42.7%
- 2021−$34.36M+144.3%
- 2020−$14.06M—
EBITDA values are taken from D-Wave Quantum's reported income statements (interim 6-K and annual 20-F filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About EBITDA at D-Wave Quantum (QBTS)
According to D-Wave Quantum's latest reported financial statements, the company's current EBITDA (TTM) is −$386.70M. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
In 2025, D-Wave Quantum (QBTS) EBITDA totalled −$348.74M – surged 152.6% year-over-year.
The record annual EBITDA stands at −$14.06M, reached in 2020; the historical low of −$348.74M was recorded in 2025.
D-Wave Quantum EBITDA by Year
D-Wave Quantum EBITDA 2025: −$348.74M
2025's EBITDA for D-Wave Quantum came in at −$348.74M, surged 152.6% from 2024. This figure represents the lowest annual value in the available history.
D-Wave Quantum EBITDA 2024: −$138.05M
D-Wave Quantum posted EBITDA of −$138.05M in 2024, surged 70.8% from 2023.
D-Wave Quantum EBITDA 2023: −$80.83M
In 2023, D-Wave Quantum reported EBITDA of −$80.83M, surged 64.9% from 2022.
D-Wave Quantum EBITDA 2022: −$49.03M
D-Wave Quantum EBITDA in 2022 was −$49.03M, surged 42.7% from 2021.
D-Wave Quantum EBITDA 2021: −$34.36M
D-Wave Quantum EBITDA in 2021 was −$34.36M.
See more financial history for D-Wave Quantum (QBTS).
Sector peers by EBITDA
Technology peers of D-Wave Quantum (QBTS), ranked by their latest EBITDA
| $160.16B | |
| $144.55B | |
| $144.43B | |
| $88.75B | |
| $34.71B | |
| $18.49B | |
| $14.61B | |
| $7.28B |
- $160.16B
- $144.55B
- $144.43B
- $88.75B
- $34.71B
- $18.49B
- $14.61B
- $7.28B
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D-Wave Quantum (QBTS) Key Financials
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