D-Wave Quantum Reports Record Q1 2025 Revenue with 509% Growth and Quantum Supremacy Breakthrough

D-Wave Quantum Inc. (NYSE: QBTS) reported record first quarter 2025 revenue of $15 million, representing a 509% increase compared to the prior year. This substantial growth underscores the accelerating adoption of quantum computing technologies and the company's expanding market presence. The quarter's results included the first sale of an Advantage annealing quantum computer, a milestone that highlights the commercial readiness of D-Wave's systems for real-world applications.

Breakthrough research published during the quarter demonstrated quantum supremacy on a real-world problem, a significant achievement that validates the practical capabilities of quantum computing beyond theoretical benchmarks. This development has important implications for industries relying on complex optimization and computational tasks, potentially revolutionizing fields such as logistics, finance, and artificial intelligence. The company ended the quarter with $304.3 million in cash on hand, providing substantial liquidity to support ongoing operations and innovation initiatives.

Consolidated gross margin improved to 92.5%, reflecting efficient scaling and strong operational performance. D-Wave's financial position indicates sufficient resources to reach profitability, which is crucial for sustaining long-term research and development in the capital-intensive quantum computing sector. The availability of D-Wave's 5,000+ qubit Advantage quantum computers, described as the world's largest, through on-premises or cloud access with 99.9% availability, supports broader accessibility and reliability for enterprise customers. More information about the company's technology and services can be found at https://www.dwavequantum.com.

With over 100 organizations utilizing D-Wave's technology and more than 200 million problems submitted to their systems, the growing trust in quantum solutions demonstrates the expanding practical applications of this emerging technology. The record revenue and technological advancements reported by D-Wave signal a maturation of the quantum computing industry, moving from experimental phases to tangible commercial impact. Investors and stakeholders can access additional financial disclosures and updates through the company's SEC filings available at https://ibn.fm/QBTS.