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D-Wave Quantum (QBTS) Research & Development (2021 - 2025)

D-Wave Quantum's Research & Development history spans 5 years, with the latest figure at $13.7 million for Q4 2025.

  • For Q4 2025, Research & Development rose 40.25% year-over-year to $13.7 million; the TTM value through Dec 2025 reached $50.7 million, up 43.72%, while the annual FY2025 figure was $50.7 million, 43.72% up from the prior year.
  • Research & Development for Q4 2025 was $13.7 million at D-Wave Quantum, down from $14.1 million in the prior quarter.
  • Across five years, Research & Development topped out at $14.1 million in Q3 2025 and bottomed at $6.1 million in Q4 2021.
  • The 5-year median for Research & Development is $8.7 million (2024), against an average of $9.2 million.
  • The largest annual shift saw Research & Development skyrocketed 67.98% in 2022 before it decreased 22.77% in 2023.
  • A 5-year view of Research & Development shows it stood at $6.1 million in 2021, then surged by 67.98% to $10.3 million in 2022, then decreased by 22.77% to $8.0 million in 2023, then increased by 22.57% to $9.8 million in 2024, then soared by 40.25% to $13.7 million in 2025.
  • Per Business Quant, the three most recent readings for QBTS's Research & Development are $13.7 million (Q4 2025), $14.1 million (Q3 2025), and $12.7 million (Q2 2025).