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

D-Wave Quantum (QBTS) has disclosed Invested Capital for 6 consecutive years, with $852.4 million as the latest value for Q4 2025.

  • Quarterly Invested Capital rose 1260.6% to $852.4 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $852.4 million through Dec 2025, up 1260.6% year-over-year, with the annual reading at $852.4 million for FY2025, 1260.6% up from the prior year.
  • Invested Capital hit $852.4 million in Q4 2025 for D-Wave Quantum, up from $670.7 million in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $852.4 million in Q4 2025 to a low of -$35.4 million in Q2 2023.
  • Historically, Invested Capital has averaged $126.7 million across 5 years, with a median of $6.9 million in 2023.
  • Biggest five-year swings in Invested Capital: tumbled 444.54% in 2023 and later surged 20961.52% in 2025.
  • Year by year, Invested Capital stood at -$5.9 million in 2021, then crashed by 375.4% to -$28.1 million in 2022, then skyrocketed by 124.66% to $6.9 million in 2023, then soared by 805.42% to $62.6 million in 2024, then surged by 1260.6% to $852.4 million in 2025.
  • Business Quant data shows Invested Capital for QBTS at $852.4 million in Q4 2025, $670.7 million in Q3 2025, and $694.3 million in Q2 2025.