TTM
-1155.6%
YoY change
+466.63pp
Trough year (2023)
-919.7%
Peak year (2025)
-408.2%
Latest annual
-408.2%
Operating Margin history chart for D-Wave Quantum (QBTS) from 2020 to 2025
Latest: -408.2%
Operating Margin change chart for D-Wave Quantum (QBTS) from 2020 to 2025
Latest: +466.63pp
Operating Margin history table for D-Wave Quantum (QBTS) from 2020 to 2025
| 2025 | -408.2% | +466.63pp | ||
| 2024 | -874.8% | +44.83pp | ||
| 2023 | -919.7% | -90.77pp | ||
| 2022 | -828.9% | -208.62pp | ||
| 2021 | -620.3% | -10.46pp | ||
| 2020 | -609.8% | — |
- 2025-408.2%+466.63pp
- 2024-874.8%+44.83pp
- 2023-919.7%-90.77pp
- 2022-828.9%-208.62pp
- 2021-620.3%-10.46pp
- 2020-609.8%—
Operating Margin 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 Operating Margin at D-Wave Quantum (QBTS)
According to D-Wave Quantum's latest reported financial statements, the company's latest reported operating margin is -1155.6%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, D-Wave Quantum (QBTS) operating margin totalled -408.22% – expanded 466.6 percentage points year-over-year.
Across the available history, operating margin reached its high of -408.22% in 2025 and its low of -919.68% in 2023.
D-Wave Quantum Operating Margin by Year
D-Wave Quantum Operating Margin 2025: -408.2%
D-Wave Quantum operating margin in 2025 was -408.22%, expanded 466.6 percentage points from 2024. This figure represents the highest annual value in the available history.
D-Wave Quantum Operating Margin 2024: -874.8%
2024's operating margin for D-Wave Quantum came in at -874.85%, expanded 44.8 percentage points from 2023.
D-Wave Quantum Operating Margin 2023: -919.7%
D-Wave Quantum posted operating margin of -919.68% in 2023, contracted 90.8 percentage points from 2022. This figure represents the lowest annual value in the available history.
D-Wave Quantum Operating Margin 2022: -828.9%
In 2022, D-Wave Quantum reported operating margin of -828.91%, contracted 208.6 percentage points from 2021.
D-Wave Quantum Operating Margin 2021: -620.3%
D-Wave Quantum operating margin in 2021 was -620.29%.
See more financial history for D-Wave Quantum (QBTS).
Sector peers by Operating Margin
Technology peers of D-Wave Quantum (QBTS), ranked by their latest operating margin
| 64.0% | |
| 53.2% | |
| 48.5% | |
| 46.8% | |
| 43.7% | |
| 34.8% | |
| 32.6% | |
| 11.7% |
- 64.0%
- 53.2%
- 46.8%
- 43.7%
- 34.8%
- 32.6%
- 11.7%
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