D-wave Quantum Inc. reported a staggering 509% increase in revenue In Q1 2025
$QBTS
D-Wave Quantum Inc. (NYSE:QBTS), a pioneer in the field of quantum computing, reported a 509% increase in revenue, amounting to $15 million, compared to $2.5 million in the same quarter of the previous year. This growth is attributed to the sale of its first Advantage system to a major research institution and the successful commercial rollout of another customer application.
Dr. Alan Baratz, CEO of D-Wave, highlighted the quarter as the most significant in the company’s history, emphasizing their unique ability to deliver quantum value today to customers and the scientific community. The company’s GAAP gross profit for the quarter reached a record $13.9 million, a 736% increase from $1.7 million in the first quarter of 2024.
The substantial rise in gross profit was primarily due to a higher margin system sale. y. The company’s annealing quantum computer performed a magnetic materials simulation in minutes—a task that would take nearly one million years on one of today’s most powerful classical supercomputers.
D-Wave’s technology was deployed in a hybrid-quantum application by Ford Otosan to streamline manufacturing processes, reducing the scheduling time of 1,000 vehicles from 30 minutes to less than five minutes. The pharmaceutical division of Japan Tobacco also utilized D-Wave’s Advantage quantum computer in the drug discovery process, leading to better candidates for subsequent drug development.
The company’s consolidated cash balance as of March 31, 2025, was a record $304.3 million. D-Wave’s ability to raise additional funds under its Equity Line of Credit is subject to certain conditions, including having a sufficient number of registered shares and a stock price above $1.00 per share.. As D-Wave continues to advance its technology and expand its market reach, it remains a key player in shaping the quantum-driven industrial and societal advancements of tomorrow.
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