Thu May 08 11:50:00 UTC 2025: **D-Wave Quantum Announces Record-Breaking First Quarter Results**
**Palo Alto, CA – May 8, 2025** – D-Wave Quantum Inc. (NYSE: QBTS) today announced stellar financial results for its first quarter ended March 31, 2025, marking a significant milestone in the company’s history. The company reported record quarterly revenue of $15 million, a staggering 509% increase year-over-year, driven largely by the sale of its Advantage™ quantum computing system to a major research institution. This translated to a record GAAP gross profit of $13.9 million.
The success extends beyond financial figures. D-Wave achieved a breakthrough by demonstrating quantum computational supremacy over classical computing for a real-world problem—a magnetic materials simulation—as detailed in a peer-reviewed paper published in *Science*. This simulation, completed in minutes on D-Wave’s quantum computer, would have taken a classical supercomputer nearly one million years.
Further highlighting the practical applications of D-Wave’s technology, the company announced several key partnerships and deployments:
* **Ford Otosan:** Implemented a hybrid-quantum application in production, slashing vehicle scheduling time from 30 minutes to under five minutes.
* **Japan Tobacco:** Successfully completed a proof-of-concept using D-Wave’s quantum computer in drug discovery, yielding superior molecular structures compared to classical methods.
* **Jülich Supercomputing Centre:** Purchased an Advantage system, which will be integrated with Europe’s first exascale supercomputer, JUPITER.
The company also announced the completion of its Advantage2™ system, designed for mission-critical applications in national defense, and unveiled new hybrid quantum solver capabilities and expanded use cases. D-Wave’s annual user conference, Qubits 2025, also saw record attendance.
D-Wave ended the quarter with a record cash position of $304.3 million, which the company believes is sufficient to fund operations until profitability. While bookings were down compared to the previous year, the company experienced a net increase in the total number of customers, reaching 133, including 69 commercial customers (25 of which are Forbes Global 2000 companies).
Despite a net loss of $5.4 million, the significant revenue growth and technological advancements indicate a promising trajectory for D-Wave’s quantum computing solutions. The company will host a conference call on Thursday, May 8, 2025, to discuss the results further.
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