EBITDA for D-Wave Quantum (QBTS)
According to D-Wave Quantum's latest reported financial statements, the company's current EBITDA (TTM) is -$399.03M USD. 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 .
QBTS
Currently viewingEBITDASwitch metric
TTM (last 4 quarters)
-$399.03M
YoY change
+152.6%
5Y CAGR
N/A
Peak year (2020)
-$14.06M
Cumulative EBITDA
-$665.08M
EBITDA history chart for D-Wave Quantum (QBTS) from 2020 to 2025
EBITDA history table for D-Wave Quantum (QBTS) from 2020 to 2025
| Fiscal year | Period ended | Reported | EBITDA | YoY | YoY change |
|---|---|---|---|---|---|
| 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 | — | — |
EBITDA values are taken from D-Wave Quantum's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
In 2025, D-Wave Quantum (QBTS) EBITDA totalled -$348.74M – surged 152.6% year-over-year.
The dataset's maximum EBITDA sits at -$14.06M (2020); the minimum reading of -$348.74M dates to 2025.
Within Technology, D-Wave Quantum (QBTS) ranks 9th among 8 peers we track. The peer median for EBITDA is $89.57B.
D-Wave Quantum EBITDA by Year
D-Wave Quantum EBITDA 2025: -$348.74M
D-Wave Quantum EBITDA in 2025 was -$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 EBITDA in 2024 was -$138.05M, surged 70.8% from 2023.
D-Wave Quantum EBITDA 2023: -$80.83M
D-Wave Quantum EBITDA in 2023 was -$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 — EBITDA
Companies in the same sector as D-Wave Quantum, ranked by their latest EBITDA.
| Company | EBITDA | Sector |
|---|---|---|
| TSMC (TSM) | $2.75T | Technology |
| Microsoft (MSFT) | $160.16B | Technology |
| NVIDIA (NVDA) | $144.55B | Technology |
| Apple (AAPL) | $144.43B | Technology |
| Broadcom (AVGO) | $34.71B | Technology |
| Micron Technology (MU) | $18.49B | Technology |
| ASML (ASML) | $12.55B | Technology |
| AMD (AMD) | $7.28B | Technology |
Frequently asked questions
What is D-Wave Quantum's EBITDA?
Latest reported EBITDA for D-Wave Quantum (QBTS) is -$399.03M (period ending March 31, 2026).
How has D-Wave Quantum EBITDA changed year-over-year?
D-Wave Quantum (QBTS) EBITDA changed +152.6% year-over-year on the latest annual filing.
When did D-Wave Quantum EBITDA hit its highest annual value?
D-Wave Quantum EBITDA reached its highest annual value of -$14.06M in 2020.
What was D-Wave Quantum EBITDA in 2024?
D-Wave Quantum (QBTS) EBITDA in 2024 was -$138.05M.
What was D-Wave Quantum EBITDA in 2025?
D-Wave Quantum (QBTS) EBITDA in 2025 was -$348.74M.
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