D-Wave Quantum (QBTS) Retained Earnings (2020 - 2026)
D-Wave Quantum's (QBTS) quarterly Retained Earnings came in at $2.1 billion in Q2 2026, up 42.4% year-over-year from $1.5 billion in Q2 2025, and little changed quarter-over-quarter from $2.1 billion in Q1 2026.
Analysis
D-Wave Quantum (QBTS) Retained Earnings (2020 - 2026) Analysis & Trends
D-Wave Quantum has disclosed Retained Earnings across 7 years of filings, most recently posting $2.1 billion for Q2 2026.
- In Q2 2026, Retained Earnings rose 42.4% year-over-year to $2.1 billion; the TTM figure through Jun 2026 stood at $2.1 billion (up 42.4% YoY), while the FY2025 annual figure was $1.8 billion, up 163.29% from the prior year.
- Retained Earnings came in at $2.1 billion for Q2 2026 at D-Wave Quantum, roughly flat from $2.1 billion in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of $2.1 billion in Q2 2026 to a low of -$540.9 million in Q3 2024.
- Average Retained Earnings over 5 years is $413.2 million, with a median of -$350.1 million recorded in 2022.
- Year-over-year, Retained Earnings tumbled 226.18% in 2023 and soared 399.38% in 2025.
- Over 5 years, Retained Earnings stood at -$400.3 million in 2022, then retreated by 20.67% to -$483.1 million in 2023, then jumped by 244.91% to $700.1 million in 2024, then surged by 163.29% to $1.8 billion in 2025, then increased by 16.13% to $2.1 billion in 2026.
- Per Business Quant data, the three most recent Retained Earnings figures were $2.1 billion in Q2 2026, $2.1 billion in Q1 2026, and $1.8 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | IonQ | 9.47 Bn | 7.36 Bn | 19.94 Mn | 5.64 Bn |
| 2 | D-Wave Quantum | 6.07 Bn | 6.07 Bn | 1.70 Mn | 2.14 Bn |
| 3 | Rigetti Computing | 5.03 Bn | 5.03 Bn | 2.19 Mn | -790.45 Mn |
| 4 | Quantum Computing | 1.75 Bn | 1.75 Bn | -1.17 Mn | 1.83 Bn |
| 5 | Infleqtion | 1.32 Bn | 839.31 Mn | 2.17 Mn | -287.91 Mn |
| 6 | BTQ Technologies | 359.38 Mn | 359.38 Mn | - | -73.68 Mn |
| 7 | Quantum eMotion | 339.79 Mn | 339.79 Mn | - | -25.30 Mn |
| 8 | Arqit Quantum | 251.50 Mn | 251.50 Mn | - | -406.86 Mn |
| 9 | Horizon Quantum Holdings | 13.39 | -113.25 Mn | - | -152,439.50 Bn |
| 10 | Xanadu Quantum Technologies | 7.78 | -312.78 Mn | 1.38 Mn | -270.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.14 Bn |
| Mar 31, 2026 | 2.13 Bn |
| Dec 31, 2025 | 1.84 Bn |
| Sep 30, 2025 | 1.62 Bn |
| Jun 30, 2025 | 1.50 Bn |
| Mar 31, 2025 | 849.73 Mn |
| Dec 31, 2024 | 700.07 Mn |
| Sep 30, 2024 | -540.90 Mn |
| Jun 30, 2024 | -518.20 Mn |
| Mar 31, 2024 | -500.40 Mn |
| Dec 31, 2023 | -483.10 Mn |
| Sep 30, 2023 | -467.05 Mn |
| Jun 30, 2023 | -450.94 Mn |
| Mar 31, 2023 | -424.80 Mn |
| Dec 31, 2022 | -400.35 Mn |
| Sep 30, 2022 | 370.16 Mn |
| Jun 30, 2022 | -350.10 Mn |
| Dec 31, 2021 | -346.64 Mn |
| Dec 31, 2020 | -305.67 Mn |