Curated News
By: NewsRamp Editorial Staff
May 15, 2025
D-Wave Quantum Inc. (NYSE: QBTS) Achieves Record Revenue and Profit in Q1 2025
TLDR
- D-Wave Quantum Inc. achieved a 500% increase in quarterly revenue, showing strong growth potential for investors.
- D-Wave Quantum Inc. reported record quarterly revenue of $15 million, driven by a high-margin annealing quantum computing system sale.
- D-Wave Quantum Inc.'s success in quantum computing systems contributes to technological advancements, shaping a better future for society.
- Customer count for D-Wave Quantum Inc. grew to 133, including 25 Forbes Global 2000 firms, showcasing broad commercial adoption.
Impact - Why it Matters
This news showcases D-Wave's significant growth in revenue, gross profit, and cash reserves, highlighting the company's momentum in driving commercial adoption of quantum computing. Investors and tech enthusiasts should take note of D-Wave's success and its potential impact on the future of quantum technology.
Summary
D-Wave Quantum Inc. (NYSE: QBTS) reported record quarterly revenue of $15 million, a 509% increase from the same period last year, driven by a high-margin Advantage quantum system sale. Gross profit surged to $13.9 million, and the company ended Q1 with $304.3 million in cash. The customer count grew to 133, with 69 commercial users, including 25 Forbes Global 2000 firms.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, D-Wave Quantum Inc. (NYSE: QBTS) Achieves Record Revenue and Profit in Q1 2025
