D-Wave Quantum annual operating expenses
2020
2021
2022
2023
2024
2025
D-Wave Quantum Operating Expenses Growth & History (QBTS)
D-Wave Quantum's operating expenses was $120.7M for fiscal 2025.
View full D-Wave Quantum company overviewD-Wave Quantum annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $120.7M | $37.9M | +45.77% |
| 2024 | 2024-12-31 | $82.8M | −$2.4M | −2.80% |
| 2023 | 2023-12-31 | $85.2M | $21.5M | +33.68% |
| 2022 | 2022-12-31 | $63.7M | $20.2M | +46.53% |
| 2021 | 2021-12-31 | $43.5M | $7.8M | +21.74% |
| 2020 | 2020-12-31 | $35.7M | — | — |
D-Wave Quantum quarterly operating expenses
Q2.21
Q3.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $55.0M | $26.5M | +93.07% |
| Q1 2026 | 2026-03-31 | $56.5M | $31.4M | +124.67% |
| Q4 2025 | 2025-12-31 | $36.6M | $14.9M | +68.73% |
| Q3 2025 | 2025-09-30 | $30.4M | $8.7M | +40.25% |
| Q2 2025 | 2025-06-30 | $28.5M | $8.3M | +40.79% |
| Q1 2025 | 2025-03-31 | $25.2M | $6.0M | +31.25% |
| Q4 2024 | 2024-12-31 | $21.7M | $3.2M | +17.27% |
| Q3 2024 | 2024-09-30 | $21.7M | $1.7M | +8.74% |
| Q2 2024 | 2024-06-30 | $20.2M | −$1.4M | −6.41% |
| Q1 2024 | 2024-03-31 | $19.2M | −$5.9M | −23.64% |
| Q4 2023 | 2023-12-31 | $18.5M | −$3.8M | −17.00% |
| Q3 2023 | 2023-09-30 | $19.9M | $3.7M | +23.02% |
| Q2 2023 | 2023-06-30 | $21.6M | $8.5M | +64.30% |
| Q1 2023 | 2023-03-31 | $25.1M | $13.1M | +108.42% |
| Q4 2022 | 2022-12-31 | $22.3M | — | — |
| Q3 2022 | 2022-09-30 | $16.2M | $5.4M | +50.14% |
| Q2 2022 | 2022-06-30 | $13.2M | $3.1M | +31.21% |
| Q1 2022 | 2022-03-31 | $12.0M | — | — |
| Q3 2021 | 2021-09-30 | $10.8M | — | — |
| Q2 2021 | 2021-06-30 | $10.0M | — | — |
D-Wave Quantum operating expenses trends
Over the last five fiscal years, D-Wave Quantum's operating expenses increased from $35.7M to $120.7M, a change of $85.0M. The latest reported quarter, Q2 2026, shows $55.0M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review D-Wave Quantum source filings ↗