D-Wave Quantum (QBTS) Capital Expenditures (2021 - 2026)
D-Wave Quantum's Capital Expenditures came in at $4.44 million for Q2 2026, up 492.8% from $749,000 a year earlier and up 310.7% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Capital Expenditures (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, D-Wave Quantum reported Capital Expenditures of $8.2 million, up 235.5% year-over-year; for FY2025, it was $3.86 million, up 83.4% from FY2024.
- Capital Expenditures has increased in each of the last three years, with a five-year compound annual growth rate of 39.3% (FY2020 to FY2025).
- Going back by year, Capital Expenditures was $2.11 million in FY2024 (+261.2%), $583,000 in FY2023 (+37.8%), $423,000 in FY2022 (-76.2%) and $1.77 million in FY2021 (+141.0%).
- The Q2 2026 figure represents the highest quarterly Capital Expenditures in data going back to Q3 2021.
- Year-over-year, Capital Expenditures has increased for eight consecutive quarters, with growth averaging 192.0% over the last eight quarters.
- The fastest year-over-year change in Capital Expenditures over five years came in Q2 2026 (growth of 492.8%), and the weakest in Q3 2022 (a decline of 82.5%).
- Business Quant data shows QBTS's Capital Expenditures at $1.08 million (Q1 2026), $1.66 million (Q4 2025) and $1.02 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | 103.00 Mn |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | 124.41 Mn |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 78.00 Mn |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | 7.55 Mn |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | 9.89 Mn |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | 1.00 Mn |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | - |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | 21.05 Mn |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | 2.47 Mn |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | 4.44 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.44 Mn |
| Mar 31, 2026 | 1.08 Mn |
| Dec 31, 2025 | 1.66 Mn |
| Sep 30, 2025 | 1.02 Mn |
| Jun 30, 2025 | 749,000.00 |
| Mar 31, 2025 | 438,000.00 |
| Dec 31, 2024 | 950,000.00 |
| Sep 30, 2024 | 306,000.00 |
| Jun 30, 2024 | 545,000.00 |
| Mar 31, 2024 | 305,000.00 |
| Dec 31, 2023 | 442,000.00 |
| Sep 30, 2023 | 62,000.00 |
| Jun 30, 2023 | 15,000.00 |
| Mar 31, 2023 | 64,000.00 |
| Dec 31, 2022 | 174,000.00 |
| Sep 30, 2022 | 74,000.00 |
| Jun 30, 2022 | 52,000.00 |
| Mar 31, 2022 | 123,000.00 |
| Dec 31, 2021 | 281,000.00 |
| Sep 30, 2021 | 424,000.00 |
API Access
D-Wave Quantum Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "QBTS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();