Company / R&D Expense
D-Wave Quantum Inc. R&D Expense History
FY2020-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$50.7M
FY2025
5-year range
$25.4M / $50.7M
FY2021-FY2025
Trend
+43.7%
vs FY2024
Sector context
#223 of 264
Information Technology
What the data says
D-Wave Quantum Inc.'s r&d expense of $51M is lower than 84% of companies in the Information Technology sector (FY2025). Improved from $38M to $51M over the past 2 years.
Based on SEC 10-K filings.
$51M in FY2025 with a 5-year CAGR of +20.0%.
Improved from $38M to $51M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +16.5%
- 5-Year CAGR
- +20.0%
- 10-Year CAGR
- -
Sector benchmark
Bottom 16% in Information TechnologyTop 84% of 264This company $50.7M Sector average $924.6M
▼
-94.5% below sector average
Key checks
Key Insights
- 5-year CAGR of +20.0%, indicating consistent growth.
- In FY2025, r&d expense increased 43.7% year-over-year.
- Ranks #223 out of 264 companies in the Information Technology sector.
- Lowest r&d expense in the period was in FY2020.
Company context
Key Data Points
- Altman Z-Score 5.09 (safe zone, above 2.9 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $50.7M | +43.7% |
| FY2024 | $35.3M | -6.8% |
| FY2023 | $37.9M | +18.0% |
| FY2022 | $32.1M | +26.4% |
| FY2021 | $25.4M | +24.4% |
| FY2020 | $20.4M | - |
As of FY2025 · SEC 10-K · Updated Jul 2, 2026