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yesterday

D-Wave Quantum Posts Record Q1 Results, Stock Surges 30%

The quantum computing pioneer reported a 509% revenue increase to $15 million and significantly narrowed losses despite a sharp decline in bookings.

Dr. Alan Baratz, CEO of D-Wave Quantum, recently shared something important that is boosting many quantum computing stocks.

Overview

  • D-Wave Quantum achieved $15 million in Q1 2025 revenue, a 509% year-over-year increase, surpassing analyst expectations by over 40%.
  • Net loss narrowed to $5.4 million ($0.02 per share) from $17.3 million ($0.11 per share) a year earlier, outperforming Wall Street forecasts.
  • GAAP gross profit soared 736% to $13.9 million, driven by high-margin system sales, including a major purchase by Germany’s Jülich Supercomputing Centre.
  • The company’s customer base expanded to 133 clients, including 25 Forbes Global 2000 companies, highlighting growing market traction.
  • Despite declining Q1 bookings, which fell 64% to $1.6 million, D-Wave’s stock surged nearly 30%, reflecting investor optimism in its financial momentum.