D-Wave Quantum (QBTS) Research & Development (2021 - 2026)

D-Wave Quantum has disclosed Research & Development across 6 years of filings, most recently posting $25.8 million for Q1 2026.

• Research & Development for Q1 2026 came in at $25.8 million, up 150.71% year-over-year; the trailing twelve-month figure through Mar 2026 was $66.2 million (up 78.72% YoY), and the FY2025 annual result was $50.7 million, up 43.72% from the prior year.
• Research & Development came in at $25.8 million for Q1 2026 at D-Wave Quantum, up from $13.7 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $25.8 million in Q1 2026 to a low of $6.8 million in Q1 2022.
• The 5-year median for Research & Development is $9.5 million (2023), against an average of $10.7 million.
• Across the five-year window, Research & Development retreated 22.77% in 2023 and surged 150.71% in 2026, its largest moves.
• D-Wave Quantum's Research & Development stood at $10.3 million in 2022, then dropped by 22.77% to $8.0 million in 2023, then grew by 22.57% to $9.8 million in 2024, then surged by 40.25% to $13.7 million in 2025, then jumped by 88.59% to $25.8 million in 2026.
• The last three Research & Development figures came in at $25.8 million (Q1 2026), $13.7 million (Q4 2025), and $14.1 million (Q3 2025), per Business Quant data.