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

D-Wave Quantum's Operating Expenses history spans 6 years, with the latest figure at $56.5 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 124.67% to $56.5 million in Q1 2026 year-over-year; TTM through Mar 2026 was $152.1 million, a 71.27% increase, with the full-year FY2025 number at $120.7 million, up 45.77% from a year prior.
  • Operating Expenses hit $56.5 million in Q1 2026 for D-Wave Quantum, up from $36.6 million in the prior quarter.
  • Over the last five years, Operating Expenses for QBTS hit a ceiling of $56.5 million in Q1 2026 and a floor of $12.0 million in Q1 2022.
  • Historically, Operating Expenses has averaged $24.1 million across 5 years, with a median of $21.7 million in 2024.
  • Biggest five-year swings in Operating Expenses: decreased 23.64% in 2024 and later surged 124.67% in 2026.
  • Tracing QBTS's Operating Expenses over 5 years: stood at $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, then surged by 54.4% to $56.5 million in 2026.
  • Business Quant data shows Operating Expenses for QBTS at $56.5 million in Q1 2026, $36.6 million in Q4 2025, and $30.4 million in Q3 2025.