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

D-Wave Quantum (QBTS) has 6 years of Operating Expenses data on file, last reported 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.
• The five-year high for Operating Expenses was $56.5 million in Q1 2026, with the low at $12.0 million in Q1 2022.
• Average Operating Expenses over 5 years is $24.1 million, with a median of $21.7 million recorded in 2024.
• Year-over-year, Operating Expenses dropped 23.64% in 2024 and jumped 124.67% in 2026.
• D-Wave Quantum's Operating Expenses stood at $22.4 million in 2022, then decreased by 17.23% to $18.5 million in 2023, then grew 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.
• Business Quant data shows QBTS's Operating Expenses at $56.5 million in Q1 2026, $36.6 million in Q4 2025, and $30.4 million in Q3 2025.