D-Wave Quantum (QBTS) Research & Development (2021 - 2026)
D-Wave Quantum (QBTS) posted Research & Development of $28.24 million for Q2 2026, up 122.5% from $12.69 million a year earlier and up 9.5% from the prior quarter.
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Analysis
D-Wave Quantum (QBTS) Research & Development (2021 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at D-Wave Quantum was $81.78 million, up 97.5% year-over-year; for FY2025, it came in at $50.73 million, up 43.7% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of 20.0% (FY2020 to FY2025).
- In prior years, D-Wave Quantum's Research & Development was $35.3 million in FY2024 (-6.8%), $37.88 million in FY2023 (+18.0%), $32.1 million in FY2022 (+26.4%) and $25.4 million in FY2021 (+24.4%).
- The Q2 2026 figure stands as the highest quarterly Research & Development in data going back to Q2 2021.
- On a year-over-year basis, Research & Development has increased in each of the last seven quarters, with growth averaging 57.8% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q1 2026, with growth of 150.7%; the weakest was Q4 2023, with a decline of 22.8%.
- According to Business Quant data, Research & Development for the three prior quarters was $25.79 million (Q1 2026), $13.68 million (Q4 2025) and $14.08 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 330.54 Bn | 315.61 Bn | 2.30 Bn | 779.00 Mn |
| 2 | CrowdStrike Holdings | 271.79 Bn | 252.23 Bn | 1.10 Bn | 444.20 Mn |
| 3 | Fortinet | 138.86 Bn | 124.79 Bn | 1.64 Bn | 225.00 Mn |
| 4 | Snowflake | 117.29 Bn | 104.60 Bn | 1.04 Bn | 567.48 Mn |
| 5 | Datadog | 97.40 Bn | 79.04 Bn | 881.34 Mn | 477.97 Mn |
| 6 | Okta | 36.44 Bn | 26.53 Bn | 641.00 Mn | 163.00 Mn |
| 7 | Zscaler | 34.82 Bn | 20.94 Bn | - | - |
| 8 | Axon Enterprise | 32.98 Bn | 27.51 Bn | 546.45 Mn | 208.69 Mn |
| 9 | MongoDB | 29.24 Bn | 19.71 Bn | 569.77 Mn | 213.87 Mn |
| 10 | D-Wave Quantum | 5.66 Bn | 5.66 Bn | 1.70 Mn | 28.24 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.24 Mn |
| Mar 31, 2026 | 25.79 Mn |
| Dec 31, 2025 | 13.68 Mn |
| Sep 30, 2025 | 14.08 Mn |
| Jun 30, 2025 | 12.69 Mn |
| Mar 31, 2025 | 10.29 Mn |
| Dec 31, 2024 | 9.75 Mn |
| Sep 30, 2024 | 8.67 Mn |
| Jun 30, 2024 | 8.36 Mn |
| Mar 31, 2024 | 8.53 Mn |
| Dec 31, 2023 | 7.96 Mn |
| Sep 30, 2023 | 9.46 Mn |
| Jun 30, 2023 | 9.55 Mn |
| Mar 31, 2023 | 10.92 Mn |
| Dec 31, 2022 | 10.30 Mn |
| Sep 30, 2022 | 7.51 Mn |
| Jun 30, 2022 | 7.46 Mn |
| Mar 31, 2022 | 6.80 Mn |
| Dec 31, 2021 | 6.13 Mn |
| Sep 30, 2021 | 6.31 Mn |
API Access
D-Wave Quantum Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=QBTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "QBTS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=QBTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();