Curated News
By: NewsRamp Editorial Staff
May 09, 2025
D-Wave Quantum Inc. Posts Record First Quarter Revenue and Breakthrough Research Results
TLDR
- D-Wave posted record first quarter revenue, up 509%, with a $304.3 million cash balance.
- D-Wave leads in quantum computing systems with 5,000+ qubit Advantage computers, available on-premises or via cloud.
- D-Wave's breakthrough research on quantum supremacy drives societal advancements for tomorrow.
- D-Wave's quantum computers are shaping the future with over 200 million problems solved to date.
Impact - Why it Matters
This news showcases D-Wave's significant growth and advancements in the quantum computing space, highlighting their leadership in the industry. The record revenue and research breakthrough demonstrate the company's ability to drive innovation and solve complex computational challenges, ultimately shaping the future of technology.
Summary
D-Wave Quantum Inc. (NYSE: QBTS) reported a record first quarter revenue of $15 million, a 509% increase from the previous year, with a first Advantage quantum computer sale and breakthrough research demonstrating quantum supremacy. The company ended the quarter with $304.3 million in cash and a consolidated gross margin of 92.5%, positioning them well for profitability.
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. Posts Record First Quarter Revenue and Breakthrough Research Results
