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16h ago

D-Wave Quantum Reports Record Revenue and Stock Surge

The company posted a 509% revenue increase, narrowed losses, and highlighted quantum supremacy, driving its stock up nearly 30%.

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

Overview

  • D-Wave Quantum reported Q1 2025 revenue of $15 million, a 509% year-over-year increase, surpassing analyst expectations by over 40%.
  • GAAP gross profit rose 736% to $13.9 million, while net loss narrowed significantly to $5.4 million ($0.02 per share) from $17.3 million ($0.11 per share).
  • The company recognized its first Advantage system sale to a major research institution and demonstrated quantum supremacy on a real-world problem.
  • Despite a 64% drop in Q1 bookings, D-Wave's customer base grew to 133, including 25 Forbes Global 2000 clients, showcasing expanding market traction.
  • CEO Dr. Alan Baratz noted that the quantum supremacy breakthrough has spurred significant interest from supercomputing centers and national labs, bolstering future sales opportunities.