D-Wave Quantum QBTS
NASDAQ QBTS
$16.42 -0.41 (-2.44%)
As of: Sep 15, 2026 · 3:59 PM EDT

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

D-Wave Quantum's (QBTS) quarterly Research & Development came in at $28.2 million in Q2 2026, up 122.46% year-over-year from $12.7 million in Q2 2025, and up 9.48% quarter-over-quarter from $25.8 million in Q1 2026.

Analysis

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

D-Wave Quantum has disclosed Research & Development across 6 years of filings, most recently posting $28.2 million for Q2 2026.

  • In Q2 2026, Research & Development rose 122.46% year-over-year to $28.2 million; the TTM figure through Jun 2026 stood at $81.8 million (up 97.54% YoY), while the FY2025 annual figure was $50.7 million, up 43.72% from the prior year.
  • Research & Development came in at $28.2 million for Q2 2026 at D-Wave Quantum, up from $25.8 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $28.2 million in Q2 2026 to a low of $6.8 million in Q1 2022.
  • Average Research & Development over 5 years is $11.7 million, with a median of $9.6 million recorded in 2023.
  • Year-over-year, Research & Development decreased 22.77% in 2023 and soared 150.71% in 2026.
  • Over 5 years, 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 surged by 106.47% to $28.2 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $28.2 million in Q2 2026, $25.8 million in Q1 2026, and $13.7 million in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 IonQ 9.47 Bn 7.36 Bn 19.94 Mn 160.63 Mn
2 D-Wave Quantum 6.07 Bn 6.07 Bn 1.70 Mn 28.24 Mn
3 Rigetti Computing 5.03 Bn 5.03 Bn 2.19 Mn 20.73 Mn
4 Quantum Computing 1.75 Bn 1.75 Bn -1.17 Mn 8.43 Mn
5 Infleqtion 1.32 Bn 839.31 Mn 2.17 Mn 12.68 Mn
6 BTQ Technologies 359.38 Mn 359.38 Mn - 2.13 Mn
7 Quantum eMotion 339.79 Mn 339.79 Mn - 284,255.66
8 Arqit Quantum 251.50 Mn 251.50 Mn - -
9 Horizon Quantum Holdings 13.39 -113.25 Mn - 2.61 Mn
10 Xanadu Quantum Technologies 7.78 -312.78 Mn 1.38 Mn 19.72 Mn
Historic Data

Historic Data

Download Data
DateValue
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