D-Wave Quantum (NYSE: QBTS) CEO Highlights Revenue Increase in Fox Business Interview
D-Wave reported Q1 2025 revenue of $15 million, up 509% year over year.
The revenue jump was driven by the sale of an Advantage(TM) quantum system to the Jülich Supercomputing Centre in Germany.
CEO Dr. Alan Baratz says D-Wave's recent quantum supremacy demonstration influenced the sale, while also catching the attention of the supercomputer community and national labs around the world.
Dr. Baratz reiterated that annealing quantum computing is uniquely suited for real-world optimization tasks.
D-Wave Quantum Inc. (NYSE: QBTS) ('D-Wave'), a leader in quantum computing systems, software, and services, is seeing momentum build on both the technical and commercial fronts, according to CEO Dr. Alan Baratz, who appeared on Fox Business' The Claman Countdown to discuss the company's progress (https://ibn.fm/fVsGS).
Baratz emphasized a significant milestone recently achieved by the company: the sale of a D-Wave(TM) Advantage quantum computing system to Germany's Jülich Supercomputing Centre ('JSC'), a deal that contributed to a sharp increase in Q1 revenue. D-Wave reported quarterly revenue of $15 million, a…
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About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world's first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our quantum computers, the world's largest, are available on-premises or via the cloud, supported by 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our quantum systems to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we're shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com.
Forward Looking Statements
Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.
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