D-Wave Quantum (QBTS) Gains from Investment Securities (2022 - 2025)
D-Wave Quantum's (QBTS) quarterly Gains from Investment Securities came in at $10.6 million in Q4 2025, down 84.51% year-over-year from $68.3 million in Q4 2024, and down 91.32% quarter-over-quarter from $121.9 million in Q3 2025.
Analysis
D-Wave Quantum (QBTS) Gains from Investment Securities (2022 - 2025) Analysis & Trends
D-Wave Quantum has disclosed Gains from Investment Securities across 4 years of filings, most recently posting $10.6 million for Q4 2025.
- In Q4 2025, Gains from Investment Securities fell 84.51% year-over-year to $10.6 million; the TTM figure through Jun 2026 stood at $132.4 million (down 35.68% YoY), while the FY2025 annual figure was $270.5 million, up 296.42% from the prior year.
- Gains from Investment Securities came in at $10.6 million for Q4 2025 at D-Wave Quantum, down from $121.9 million in the prior quarter.
- In the past five years, Gains from Investment Securities ranged from a high of $142.0 million in Q2 2025 to a low of -$3.9 million in Q1 2025.
- Average Gains from Investment Securities over 4 years is $23.7 million, with a median of -$408500.0 recorded in 2023.
- The largest YoY upside for Gains from Investment Securities was 25700.63% in 2025 against a maximum downside of 248.68% in 2025.
- Over 4 years, Gains from Investment Securities stood at -$3.6 million in 2022, then jumped by 90.45% to -$341000.0 in 2023, then surged by 20118.77% to $68.3 million in 2024, then slumped by 84.51% to $10.6 million in 2025.
- Per Business Quant data, the three most recent Gains from Investment Securities figures were $10.6 million in Q4 2025, $121.9 million in Q3 2025, and $142.0 million in Q2 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 10.58 Mn |
| Sep 30, 2025 | 121.86 Mn |
| Jun 30, 2025 | 142.05 Mn |
| Mar 31, 2025 | -3.94 Mn |
| Dec 31, 2024 | 68.26 Mn |
| Sep 30, 2024 | -476,000.00 |
| Jun 30, 2024 | -2.20 Mn |
| Mar 31, 2024 | 2.65 Mn |
| Dec 31, 2023 | -341,000.00 |
| Sep 30, 2023 | -1.43 Mn |
| Jun 30, 2023 | 2.15 Mn |
| Mar 31, 2023 | -638,000.00 |
| Dec 31, 2022 | -3.57 Mn |
| Sep 30, 2022 | -2.60 Mn |