D-Wave Reports Fourth Quarter and Year-End 2025 Results
D-Wave Quantum Inc. Common Shares (QBTS)
Company Research
Source: Business Wire
FY 2025 Revenue Increased 179% Year over YearFY 2025 Gross Profit Increased 265% Year over YearEnded 2025 With Highest Liquidity Position in Company’s History at over $884 Million PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave” or the “Company”), the only dual-platform quantum computing company, providing both annealing and gate-model systems, software, and services, today announced financial results for its fiscal fourth quarter and year ended December 31, 2025.“Our 2025 results mark one of the most successful and transformative years in D-Wave’s history, with meaningful growth across every key business metric — revenue, Bookings, technical milestones, and scientific breakthroughs,” said Dr. Alan Baratz, CEO of D-Wave. “We are entering 2026 with exceptional momentum: generating over $30 million in Bookings in January alone, expanding our market leadership through the acquisition of gate-model quantum computing company Quantum Circuits, Inc., and secu
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