Operating Income for D-Wave Quantum (QBTS)
According to D-Wave Quantum's latest reported financial statements, the company's current operating income (TTM) is -$143.80M USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
QBTS
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
-$143.80M
YoY change
+30.0%
5Y CAGR
N/A
Peak year (2020)
-$31.47M
Cumulative operating income
-$388.01M
Operating Income history chart for D-Wave Quantum (QBTS) from 2020 to 2025
Operating Income history table for D-Wave Quantum (QBTS) from 2020 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | -$100.37M | +30.0% | -$23.14M | ||
| 2024 | -$77.22M | -4.1% | +$3.32M | ||
| 2023 | -$80.55M | +35.5% | -$21.09M | ||
| 2022 | -$59.46M | +52.7% | -$20.51M | ||
| 2021 | -$38.95M | +23.8% | -$7.48M | ||
| 2020 | -$31.47M | — | — |
Operating Income 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) operating income totalled -$100.37M – grew 30.0% year-over-year.
2020 marks the peak operating income at -$31.47M, with the historical low of -$100.37M recorded in 2025.
D-Wave Quantum (QBTS) sits 9th of 8 Technology peers we track on this metric, against a peer median of $77.01B.
D-Wave Quantum Operating Income by Year
D-Wave Quantum Operating Income 2025: -$100.37M
D-Wave Quantum operating income in 2025 was -$100.37M, grew 30.0% from 2024. This figure represents the lowest annual value in the available history.
D-Wave Quantum Operating Income 2024: -$77.22M
D-Wave Quantum operating income in 2024 was -$77.22M, edged down 4.1% below 2023.
D-Wave Quantum Operating Income 2023: -$80.55M
D-Wave Quantum operating income in 2023 was -$80.55M, surged 35.5% from 2022.
D-Wave Quantum Operating Income 2022: -$59.46M
D-Wave Quantum operating income in 2022 was -$59.46M, surged 52.7% from 2021.
D-Wave Quantum Operating Income 2021: -$38.95M
D-Wave Quantum operating income in 2021 was -$38.95M.
See more financial history for D-Wave Quantum (QBTS).
Sector peers — Operating Income
Companies in the same sector as D-Wave Quantum, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| TSMC (TSM) | $1.96T | Technology |
| Apple (AAPL) | $133.05B | Technology |
| NVIDIA (NVDA) | $130.39B | Technology |
| Microsoft (MSFT) | $128.53B | Technology |
| Broadcom (AVGO) | $25.48B | Technology |
| ASML (ASML) | $11.30B | Technology |
| Micron Technology (MU) | $9.87B | Technology |
| AMD (AMD) | $3.69B | Technology |
Frequently asked questions
What is D-Wave Quantum's operating income?
Latest reported operating income for D-Wave Quantum (QBTS) is -$143.80M (period ending March 31, 2026).
How has D-Wave Quantum operating income changed year-over-year?
D-Wave Quantum (QBTS) operating income changed +30.0% year-over-year on the latest annual filing.
When did D-Wave Quantum operating income hit its highest annual value?
D-Wave Quantum operating income reached its highest annual value of -$31.47M in 2020.
What was D-Wave Quantum operating income in 2024?
D-Wave Quantum (QBTS) operating income in 2024 was -$77.22M.
What was D-Wave Quantum operating income in 2025?
D-Wave Quantum (QBTS) operating income in 2025 was -$100.37M.
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