Significant Revenue Growth
Revenue in Q3 2025 totaled $3.7 million, an increase of approximately 100% from Q3 2024. Year-to-date revenue for the first 9 months of 2025 was $21.8 million, up 235% from the same period in 2024.
Successful Deployment of Advantage2 System
D-Wave's Advantage2 system is now operational at Davidson Technologies headquarters, advancing the U.S. government's use of quantum computing technology.
Strong Cash Position
The company's cash balance increased to $836.2 million as of September 30, 2025, representing a 2,700% increase from the previous year.
EUR 10 Million Contract in Italy
D-Wave signed a EUR 10 million agreement to place an Advantage2 system in Europe, reflecting strong international demand.
Quantum Supremacy Achievement
D-Wave's Advantage2 system demonstrated quantum supremacy on a useful real-world problem, distinguishing it from competitors.
Increasing High-Profile Customer Engagements
Engagements with one of the world's largest airlines, a major U.S.-based international airline, and other significant enterprises indicate strong market traction.