D-Wave Quantum QBTS
NASDAQ QBTS
$16.42 -0.41 (-2.44%)
As of: Sep 15, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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