D-Wave Quantum annual gross margin
2020
2021
2022
2023
2024
2025
D-Wave Quantum Gross Margin Growth & History (QBTS)
D-Wave Quantum's gross margin was 82.59% for fiscal 2025.
View full D-Wave Quantum company overviewD-Wave Quantum annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 82.59% | +19.57 pp |
| 2024 | 2024-12-31 | 63.02% | +10.25 pp |
| 2023 | 2023-12-31 | 52.77% | −6.48 pp |
| 2022 | 2022-12-31 | 59.25% | −12.88 pp |
| 2021 | 2021-12-31 | 72.13% | −10.14 pp |
| 2020 | 2020-12-31 | 82.27% | — |
D-Wave Quantum quarterly gross margin
Q2.21
Q3.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 55.40% | −8.45 pp |
| Q1 2026 | 2026-03-31 | 63.61% | −28.90 pp |
| Q4 2025 | 2025-12-31 | 64.83% | +1.03 pp |
| Q3 2025 | 2025-09-30 | 71.38% | +15.61 pp |
| Q2 2025 | 2025-06-30 | 63.84% | +0.26 pp |
| Q1 2025 | 2025-03-31 | 92.51% | +25.20 pp |
| Q4 2024 | 2024-12-31 | 63.79% | −3.89 pp |
| Q3 2024 | 2024-09-30 | 55.78% | −3.90 pp |
| Q2 2024 | 2024-06-30 | 63.58% | +22.28 pp |
| Q1 2024 | 2024-03-31 | 67.30% | +40.71 pp |
| Q4 2023 | 2023-12-31 | 67.69% | +10.84 pp |
| Q3 2023 | 2023-09-30 | 59.68% | −1.74 pp |
| Q2 2023 | 2023-06-30 | 41.30% | −13.48 pp |
| Q1 2023 | 2023-03-31 | 26.60% | −37.44 pp |
| Q4 2022 | 2022-12-31 | 56.85% | −19.66 pp |
| Q3 2022 | 2022-09-30 | 61.42% | +0.82 pp |
| Q2 2022 | 2022-06-30 | 54.78% | — |
| Q1 2022 | 2022-03-31 | 64.04% | — |
| Q3 2021 | 2021-09-30 | 76.51% | — |
| Q2 2021 | 2021-06-30 | 60.60% | — |
D-Wave Quantum gross margin trends
Over the last five reported fiscal years, D-Wave Quantum's gross margin increased from 82.27% to 82.59%, a change of +0.32 percentage points. The latest reported quarter, Q2 2026, shows 55.40%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review D-Wave Quantum filings at SEC.gov ↗