D-Wave Quantum Reports Record Revenue for Q1 2025
DENVER, Colo., May 08, 2025 (247marketnews.com)- D-Wave Quantum (NYSE:QBTS) unleashed a seismic wave in the quantum computing world yesterday, reporting a record-breaking Q1 2025 with $15 million in revenue, up a staggering 509% year-over-year. With a record $13.9 million GAAP gross profit, a $304.3 million cash position, and a peer-reviewed quantum supremacy breakthrough published in Science, D-Wave is rewriting the rules of computational innovation.
Dr. Alan Baratz, D-Wave’s CEO, stated, “The first quarter of 2025 was arguably the most significant in D-Wave’s history, especially in terms of our unique ability to deliver quantum value today to our customers and the scientific community. We recognized revenue on our first Advantage™ system sale to a major research institution, moved an additional customer application into commercial production, and became the first to demonstrate quantum supremacy over classical computing on a useful real-world problem. The end result was a record revenue and gross profit quarter.”
Q1 2025: A Quantum Leap Forward
D-Wave’s Q1 2025 financials, announced May 6, 2025, are nothing short of spectacular. Revenue soared to $15 million, a $12.5 million (+509%) jump from $2.5 million in Q1 2024, driven by the sale of an Advantage quantum computing system to Germany’s Jülich Supercomputing Centre. GAAP gross profit hit a record $13.9 million (+736%), with a 92.5% gross margin, up 25.2% from 67.3% in Q1 2024, reflecting high-margin system sales. The company’s $304.3 million cash balance, bolstered by $146.2 million raised via an At-The-Market program, positions D-Wave to fund its path to profitability.
Quantum Supremacy and Real-World Impact
D-Wave’s Q1 wasn’t just about numbers, as a Science paper, Beyond-Classical Computation in Quantum Simulation validated D-Wave’s annealing quantum computer achieving quantum computational supremacy on a real-world magnetic materials simulation, solving it in minutes versus a classical supercomputer’s million years. This milestone, the first for any quantum computer on a practical problem, positions D-Wave as a disruptor in the $100 billion quantum computing market (MarketsandMarkets, 2025). Ford Otosan’s deployment of a D-Wave hybrid-quantum application slashed scheduling time for 1,000 Ford Transit vehicles from 30 minutes to under five, with plans to expand to paint shops and assembly lines. Japan Tobacco’s proof-of-concept used D-Wave’s Advantage system to enhance drug discovery, producing superior molecular candidates.
About 24/7 Market News
As a pioneer in digital financial market media, 24/7 Market News (24/7MN) is dedicated to the swift distribution of financial market news and information. 24/7 MN incorporates comprehensive corporate communications resources and tools to engage the investment community. Visit 24/7 Market News website here.
24/7 MARKET NEWS, INC Disclaimer
Please go to https://247marketnews.com/disclaimer/ for disclaimer information.
CONTACT:
24/7 Market News
Editor@247marketnews.com