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

D-Wave Quantum has disclosed Operating Expenses across 6 years of filings, most recently posting $56.5 million for Q1 2026.

• Operating Expenses for Q1 2026 came in at $56.5 million, up 124.67% year-over-year; the trailing twelve-month figure through Mar 2026 was $152.1 million (up 71.27% YoY), and the FY2025 annual result was $120.7 million, up 45.77% from the prior year.
• Operating Expenses came in at $56.5 million for Q1 2026 at D-Wave Quantum, up from $36.6 million in the prior quarter.
• In the past five years, Operating Expenses ranged from a high of $56.5 million in Q1 2026 to a low of $12.0 million in Q1 2022.
• The 5-year median for Operating Expenses is $21.7 million (2024), against an average of $24.1 million.
• Across the five-year window, Operating Expenses fell 23.64% in 2024 and soared 124.67% in 2026, its largest moves.
• D-Wave Quantum's Operating Expenses stood at $22.4 million in 2022, then declined by 17.23% to $18.5 million in 2023, then gained by 17.27% to $21.7 million in 2024, then soared by 68.73% to $36.6 million in 2025, then jumped by 54.4% to $56.5 million in 2026.
• The last three Operating Expenses figures came in at $56.5 million (Q1 2026), $36.6 million (Q4 2025), and $30.4 million (Q3 2025), per Business Quant data.