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D-Wave Quantum (QBTS) Operating Expenses (2021 - 2025)

D-Wave Quantum's Operating Expenses history spans 5 years, with the latest figure at $36.6 million for Q4 2025.

  • For Q4 2025, Operating Expenses rose 68.73% year-over-year to $36.6 million; the TTM value through Dec 2025 reached $120.7 million, up 45.77%, while the annual FY2025 figure was $120.7 million, 45.77% up from the prior year.
  • Operating Expenses for Q4 2025 was $36.6 million at D-Wave Quantum, up from $30.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $36.6 million in Q4 2025 and bottomed at $8.8 million in Q2 2021.
  • The 5-year median for Operating Expenses is $20.2 million (2024), against an average of $20.2 million.
  • The largest annual shift saw Operating Expenses soared 108.42% in 2023 before it dropped 23.64% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $12.4 million in 2021, then surged by 80.29% to $22.4 million in 2022, then fell by 17.23% to $18.5 million in 2023, then increased by 17.27% to $21.7 million in 2024, then skyrocketed by 68.73% to $36.6 million in 2025.
  • Per Business Quant, the three most recent readings for QBTS's Operating Expenses are $36.6 million (Q4 2025), $30.4 million (Q3 2025), and $28.5 million (Q2 2025).