D-Wave Quantum (QBTS) Operating Expenses (2021 - 2026)

D-Wave Quantum has reported Operating Expenses for 6 years, with the latest figure at $56.5 million in Q1 2026.

• Quarterly Operating Expenses rose 124.67% year-over-year to $56.5 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $152.1 million (up 71.27% YoY) and the FY2025 annual result came in at $120.7 million, up 45.77% from the prior year.
• Operating Expenses rose to $56.5 million in Q1 2026 per QBTS's latest filing, from $36.6 million in the prior quarter.
• Over five years, Operating Expenses peaked at $56.5 million in Q1 2026 and troughed at $12.0 million in Q1 2022.
• A 5-year average of $24.1 million and a median of $21.7 million in 2024 frame the typical range for Operating Expenses.
• The sharpest annual moves came in 2024 and 2026: Operating Expenses decreased 23.64% in 2024, then surged 124.67% in 2026.
• Over 5 years, Operating Expenses stood at $22.4 million in 2022, then retreated by 17.23% to $18.5 million in 2023, then climbed by 17.27% to $21.7 million in 2024, then surged by 68.73% to $36.6 million in 2025, then soared by 54.4% to $56.5 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $56.5 million, $36.6 million, and $30.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.