D-Wave (QBTS) Q2 Revenue Jumps 42%
D-Wave Quantum (NYSE:QBTS), a pioneer in quantum computing technology, released its second quarter fiscal 2025 earnings on August 7, 2025. The headline news was strong revenue growth (GAAP revenue up 42% year-over-year in Q2 FY2025) and a significant boost in available cash (cash balance of $819.3 million, up 169% sequentially), with GAAP revenue surpassed expectations at $3.1 million and cash reserves surged to $819.3 million. While these results beat analyst projections (revenue estimate: $2.54 million, Non-GAAP loss per share estimate: -$0.05), the quarter also highlighted ongoing challenges in reaching profitability. Operating losses (GAAP) increased due to heavy investments. The quarter showed continued progress in technology and partnerships, but bookings and recurring revenue trends signaled some headwinds as D-Wave works toward a scalable business model.
Source: Analyst estimates for the quarter provided by FactSet.
D-Wave Quantum is a technology company specializing in quantum computing, particularly quantum annealing technology. Its business centers on selling quantum computers, cloud-based quantum computing services, and professional services to help customers solve complex problems. The company targets sectors like manufacturing, logistics, financial services, and government, aiming to offer solutions that are either not feasible or extremely difficult using traditional computers.
Source Fool.com
