Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the gross margin high or low?
The gross margin of 82.59% is 32% above its 5-year average of 62.79%, near the high end of its 5-year range (26.60%–92.51%).
29.43% above its 12-month average of 63.81%.
Reported quarterly gross margin; no daily interpolation. Q2 FY2026 (2026-06-30): 55.40%.
GROSS MARGIN
82.59%
GROSS MARGIN AVG TTM
63.81%
GROSS MARGIN AVG 3Y
63.35%
GROSS MARGIN AVG 5Y
62.79%
GROSS MARGIN AVG 10Y
N/A
GROSS MARGIN AVG 15Y
N/A
GROSS MARGIN AVG 20Y
N/A
CURRENT VS TTM AVG
+29.43%
CURRENT VS 3Y AVG
+30.36%
CURRENT VS 5Y AVG
+31.53%
CURRENT VS 10Y AVG
N/A
CURRENT VS 15Y AVG
N/A
CURRENT VS 20Y AVG
N/A
SECTOR MEDIAN · TECHNOLOGY
47.70%
median of 637 covered companies
CURRENT VS SECTOR MEDIAN
+73.14%
vs the sector median at left
D-Wave Quantum Inc.
Market Cap
$5.80B
Gross Margin
82.59%
TTM Avg
63.81%
3Y Avg
63.35%
5Y Avg
62.79%
Market Cap
$5.71B
Gross Margin
28.33%
TTM Avg
28.62%
3Y Avg
29.92%
5Y Avg
31.41%
Market Cap
$5.64B
Gross Margin
77.07%
TTM Avg
81.06%
3Y Avg
83.25%
5Y Avg
83.77%
Market Cap
$6.00B
Gross Margin
52.78%
TTM Avg
52.66%
3Y Avg
51.74%
5Y Avg
51.74%
Market Cap
$5.51B
Gross Margin
73.74%
TTM Avg
73.00%
3Y Avg
67.45%
5Y Avg
65.20%
| NAME | MARKET CAP | GROSS MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| D-Wave Quantum Inc. (QBTS) | $5.80B | 82.59% | 63.81% | 63.35% | 62.79% |
| EPAM Systems, Inc. (EPAM)vs › | $5.71B | 28.33% | 28.62% | 29.92% | 31.41% |
| Pegasystems Inc. (PEGA)vs › | $5.69B | 75.57% | 74.88% | 73.84% | 72.84% |
| Genpact Limited (G)vs › | $5.67B | 36.58% | 35.51% | 35.31% | 35.28% |
| Varonis Systems, Inc. (VRNS)vs › | $5.64B | 77.07% | 81.06% | 83.25% | 83.77% |
| Impinj, Inc. (PI)vs › | $5.62B | 52.71% | 51.78% | 51.61% | 50.89% |
| Lyft, Inc. (LYFT)vs › | $5.98B | 45.52% | 41.89% | 41.63% | 42.04% |
| Cirrus Logic, Inc. (CRUS)vs › | $6.00B | 52.78% | 52.66% | 51.74% | 51.74% |
| Open Text Corporation (OTEX)vs › | $5.51B | 73.74% | 73.00% | 67.45% | 65.20% |
| ExlService Holdings, Inc. (EXLS)vs › | $5.37B | 38.51% | 37.98% | 37.43% | 37.18% |
Gross Margin
82.6%
(Revenue - COGS) / Revenue
Gross Margin = Gross Profit / Revenue
Gross margin is the percentage of revenue remaining after the cost of goods sold, reflecting core product profitability.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | GROSS MARGIN |
|---|---|
| 2026-06-30 | 55.40% |
| 2026-03-31 | 63.61% |
| 2025-12-31 | 64.83% |
| 2025-09-30 | 71.38% |
| 2025-06-30 | 63.84% |
| 2025-03-31 | 92.51% |
| 2024-12-31 | 63.79% |
| 2024-09-30 | 55.78% |
| 2024-06-30 | 63.58% |
| 2024-03-31 | 67.30% |
| 2023-12-31 | 67.69% |
| 2023-09-30 | 59.68% |
| 2023-06-30 | 41.30% |
| 2023-03-31 | 26.60% |
| 2022-12-31 | 52.19% |
| 2022-09-30 | 61.42% |
| 2022-06-30 | 54.78% |
| 2022-03-31 | 64.04% |
| 2021-12-31 | 63.85% |
| 2021-09-30 | 76.51% |
| 2021-06-30 | 60.60% |
| 2021-03-31 | 78.87% |
