D-Wave Quantum Inc

Latest Results (06.10.2025):

D-Wave Quantum Inc. reported a robust second quarter for fiscal year 2025, showcasing a 42% year-over-year increase in both revenue and GAAP gross profit. The company also achieved a historic cash balance exceeding $819 million, reflecting strong financial health and strategic growth initiatives.

Revenue Growth

For Q2 2025, D-Wave Quantum Inc. reported revenues of $3.1 million, marking a 42% increase from $2.2 million in Q2 2024. This growth underscores the company’s expanding market presence and successful sales strategies.

Record Cash Balance

The company closed the quarter with a record cash balance of over $819 million, bolstered by a successful $400 million At-the-Market equity offering. These funds will support strategic acquisitions, general corporate purposes, and capital expenditures.

GAAP Gross Profit Increase

GAAP gross profit for the second quarter reached $2.0 million, a 42% rise from $1.4 million in the same period last year. This improvement is primarily driven by increased revenue.

Product and Technology Advancements

D-Wave introduced its Advantage2 quantum computer, the most advanced system to date, enhancing performance and energy efficiency. Additionally, the company launched a new strategic initiative focused on advanced cryogenic packaging to support its ambitious product roadmap towards 100,000 qubits.

Strategic Partnerships and Customer Engagements

The company forged a strategic relationship with Yonsei University and Incheon Metropolitan City in South Korea and secured new and renewing engagements with major clients such as E.ON, GE Vernova, and the University of Oxford. These partnerships aim to advance quantum computing applications in various industries.