D-Wave Quantum QBTS or D-Wave is working toward sustained profitability with a significantly lower funding base than other independent publicly held quantum computing companies. As of Dec. 31, 2025, it reported $884.5 million in consolidated cash and marketable securities, an increase of 397% from the prior-year levels. Following the year-end, the company invested $250 million in cash tied to the Quantum Circuits acquisition. Management said that the remaining liquidity should be enough to support “a fully funded plan to profitability”.