D-Wave Quantum (QBTS) Invested Capital (2020 - 2026)

D-Wave Quantum (QBTS) posted Invested Capital of $140000.0 for Q1 2026, up 4.48% sequentially from $134000.0 in Q4 2025, and down 59.77% YoY from $348000.0 in Q1 2025.

D-Wave Quantum (QBTS) Invested Capital (2020 - 2026) Analysis & Trends

D-Wave Quantum has reported Invested Capital for 7 years, with the latest figure at $140000.0 in Q1 2026.

  • Quarterly Invested Capital fell 59.77% year-over-year to $140000.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $418000.0 (down 99.12% YoY) and the FY2025 annual result came in at $134000.0, down 61.49% from the prior year.
  • Invested Capital rose to $140000.0 in Q1 2026 per QBTS's latest filing, from $134000.0 in the prior quarter.
  • Over five years, Invested Capital peaked at $32.7 million in Q2 2024 and troughed at $134000.0 in Q4 2025.
  • A 5-year average of $8.1 million and a median of $984000.0 in 2023 frame the typical range for Invested Capital.
  • The sharpest annual moves came in 2023 and 2025: Invested Capital surged 1253.0% in 2023, then plunged 98.98% in 2025.
  • Over 5 years, Invested Capital stood at $1.9 million in 2022, then tumbled by 78.58% to $399000.0 in 2023, then fell by 12.78% to $348000.0 in 2024, then sank by 61.49% to $134000.0 in 2025, then advanced by 4.48% to $140000.0 in 2026.
  • According to Business Quant data, Invested Capital over the past three periods registered $140000.0, $134000.0, and $144000.0 for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Dell Technologies 279.74 Bn 268.16 Bn 7.78 Bn 7.55 Bn
2 Arista Networks 233.03 Bn 220.67 Bn 1.68 Bn -
3 Sandisk 191.00 Bn 187.26 Bn 4.66 Bn -
4 Seagate Technology Holdings 182.93 Bn 181.79 Bn 1.45 Bn 398.00 Mn
5 Western Digital 180.27 Bn 177.03 Bn 1.68 Bn 1.58 Bn
6 Everpure 26.48 Bn 24.98 Bn 723.33 Mn -
7 Hp 25.04 Bn 21.33 Bn 3.02 Bn 810.00 Mn
8 Super Micro Computer 17.15 Bn 15.86 Bn 1.02 Bn -
9 Logitech International 15.08 Bn 13.33 Bn 607.94 Mn -
10 D-Wave Quantum 7.35 Bn 7.35 Bn 1.82 Mn 140,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 140,000.00
Dec 31, 2025 134,000.00
Sep 30, 2025 144,000.00
Mar 31, 2025 348,000.00
Dec 31, 2024 348,000.00
Sep 30, 2024 14.07 Mn
Jun 30, 2024 32.67 Mn
Mar 31, 2024 369,000.00
Dec 31, 2023 399,000.00
Sep 30, 2023 30.20 Mn
Jun 30, 2023 16.10 Mn
Mar 31, 2023 984,000.00
Dec 31, 2022 1.86 Mn
Sep 30, 2022 2.23 Mn
Jun 30, 2022 21.35 Mn
Dec 31, 2021 393,000.00
Dec 31, 2020 355,000.00