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D-Wave Quantum (QBTS) Invested Capital (2020 - 2025)

D-Wave Quantum's Invested Capital history spans 6 years, with the latest figure at $852.4 million for Q4 2025.

  • For Q4 2025, Invested Capital rose 1260.6% year-over-year to $852.4 million; the TTM value through Dec 2025 reached $852.4 million, up 1260.6%, while the annual FY2025 figure was $852.4 million, 1260.6% up from the prior year.
  • Invested Capital for Q4 2025 was $852.4 million at D-Wave Quantum, up from $670.7 million in the prior quarter.
  • Across five years, Invested Capital topped out at $852.4 million in Q4 2025 and bottomed at -$36.6 million in Q1 2024.
  • The 5-year median for Invested Capital is $6.9 million (2023), against an average of $125.0 million.
  • The largest annual shift saw Invested Capital plummeted 429.17% in 2023 before it skyrocketed 23674.62% in 2025.
  • A 5-year view of Invested Capital shows it stood at -$5.9 million in 2021, then tumbled by 399.12% to -$29.5 million in 2022, then surged by 123.48% to $6.9 million in 2023, then surged by 805.42% to $62.6 million in 2024, then skyrocketed by 1260.6% to $852.4 million in 2025.
  • Per Business Quant, the three most recent readings for QBTS's Invested Capital are $852.4 million (Q4 2025), $670.7 million (Q3 2025), and $694.3 million (Q2 2025).