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D-Wave Quantum's gross profit for the
three
months ended in Jun. 2026 was $1.70 Mil. D-Wave Quantum's gross profit for the trailing twelve months (TTM) ended in Jun. 2026 was $7.98 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. D-Wave Quantum's gross profit for the
three
months ended in Jun. 2026 was $1.70 Mil. D-Wave Quantum's Revenue for the
three
months ended in Jun. 2026 was $3.08 Mil. Therefore, D-Wave Quantum's Gross Margin % for the quarter that ended in Jun. 2026 was 55.40%.
D-Wave Quantum had a gross margin of 55.40% for the quarter that ended in Jun. 2026 => Durable competitive advantage
During the past 6 years, the highestGross Margin % of D-Wave Quantum was 82.59%. The lowest was 52.77%. And the median was 67.58%.
Warning Sign:
D-Wave Quantum Inc gross margin has been in long-term decline. The average rate of decline per year is -1.4%.
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
D-Wave Quantum had a gross margin of 55.40% for the quarter that ended in Jun. 2026 => Durable competitive advantage
D-Wave Quantum Gross Profit Related Terms
D-Wave Quantum Gross Profit Historical Data
* Premium members only.
The historical data trend for D-Wave Quantum's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Computer Hardware subindustry, D-Wave Quantum's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
D-Wave Quantum Gross Profit vs Hardware Industry
For the Hardware industry and Technology sector, D-Wave Quantum's Gross Profit distribution charts can be found below:
* The bar in red indicates where D-Wave Quantum's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.98 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
D-Wave Quantum (QBTS) has a Gross Profit of $7.98 Mil as of Jun. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on D-Wave Quantum and its competitors.
Is D-Wave Quantum's Gross Profit too high?
D-Wave Quantum's current Gross Profit is $7.98 Mil. Overall, D-Wave Quantum has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does D-Wave Quantum's Gross Profit compare to RGTI and QUBT?
D-Wave Quantum's Gross Profit of $7.98 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a Hardware company?
A good Gross Profit depends on the Hardware industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on D-Wave Quantum and its competitors. D-Wave Quantum's current Gross Profit is $7.98 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is D-Wave Quantum stock overvalued right now?
Based on GuruFocus' analysis, D-Wave Quantum (QBTS) is currently considered Significantly Overvalued. The stock's GF Value™ is $7.53, compared to a current price of $21.17 — trading 181.1% above its estimated fair value. The current Gross Profit is $7.98 Mil. D-Wave Quantum's overall GF Score™ is 63/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For D-Wave Quantum (QBTS), the current Gross Profit is $7.98 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is D-Wave Quantum (QBTS) Overvalued in 2026?
Based on GuruFocus' analysis, D-Wave Quantum stock appears to be overvalued.
The current stock price of $21.17 is trading 181.1% above its estimated GF Value™ of $7.53.
GuruFocus considers D-Wave Quantum to be Significantly Overvalued.
Key valuation signals for QBTS:
Gross Profit: $7.98 Mil
GF Value™: $7.53 vs. price of $21.17 (181.1% above fair value)
No single metric tells the full story. See the QBTS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
D-Wave Quantum Inc is in the development and delivery of quantum computing systems, software, and services, and it is the commercial supplier of quantum computers and the only company building both annealing quantum computers and gate-model quantum computers. It delivers customer value with practical quantum applications for problems as diverse as logistics, artificial intelligence, materials sciences, drug discovery, scheduling, cybersecurity, fault detection, and financial modeling. Its annealing quantum computers are accessible through the company's LeapTM cloud service.
63GF Score
Get the complete analysis for QBTS
Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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