D-Wave Quantum annual r&d spending
2020
2021
2022
2023
2024
2025
D-Wave Quantum R&D Spending Growth & History (QBTS)
D-Wave Quantum's r&d spending was $50.7M for fiscal 2025.
View full D-Wave Quantum company overviewD-Wave Quantum annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $50.7M | $15.4M | +43.72% |
| 2024 | 2024-12-31 | $35.3M | −$2.6M | −6.81% |
| 2023 | 2023-12-31 | $37.9M | $5.8M | +18.00% |
| 2022 | 2022-12-31 | $32.1M | $6.7M | +26.38% |
| 2021 | 2021-12-31 | $25.4M | $5.0M | +24.45% |
| 2020 | 2020-12-31 | $20.4M | — | — |
D-Wave Quantum quarterly r&d spending
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 | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $28.2M | $15.5M | +122.46% |
| Q1 2026 | 2026-03-31 | $25.8M | $15.5M | +150.71% |
| Q4 2025 | 2025-12-31 | $13.7M | $3.9M | +40.25% |
| Q3 2025 | 2025-09-30 | $14.1M | $5.4M | +62.38% |
| Q2 2025 | 2025-06-30 | $12.7M | $4.3M | +51.93% |
| Q1 2025 | 2025-03-31 | $10.3M | $1.8M | +20.68% |
| Q4 2024 | 2024-12-31 | $9.8M | $1.8M | +22.57% |
| Q3 2024 | 2024-09-30 | $8.7M | −$791,000 | −8.36% |
| Q2 2024 | 2024-06-30 | $8.4M | −$1.2M | −12.49% |
| Q1 2024 | 2024-03-31 | $8.5M | −$2.4M | −21.90% |
| Q4 2023 | 2023-12-31 | $8.0M | −$2.4M | −23.03% |
| Q3 2023 | 2023-09-30 | $9.5M | $2.0M | +26.00% |
| Q2 2023 | 2023-06-30 | $9.5M | $2.1M | +28.06% |
| Q1 2023 | 2023-03-31 | $10.9M | $4.1M | +60.47% |
| Q4 2022 | 2022-12-31 | $10.3M | — | — |
| Q3 2022 | 2022-09-30 | $7.5M | $1.2M | +18.91% |
| Q2 2022 | 2022-06-30 | $7.5M | $1.2M | +18.52% |
| Q1 2022 | 2022-03-31 | $6.8M | — | — |
| Q3 2021 | 2021-09-30 | $6.3M | — | — |
| Q2 2021 | 2021-06-30 | $6.3M | — | — |
D-Wave Quantum r&d spending trends
Over the last five fiscal years, D-Wave Quantum's r&d spending increased from $20.4M to $50.7M, a change of $30.3M. The latest reported quarter, Q2 2026, shows $28.2M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review D-Wave Quantum source filings ↗