D-Wave Quantum Beat Expectations

D-Wave Quantum (QBTS) reported a loss of $0.02 per share on revenue of $15.00 million for the first quarter ended March 2025. The consensus estimate was a loss of $0.05 per share on revenue of $10.87 million. The Earnings Whisper number was a loss of $0.04 per share. The company beat expectations by 50.00% while revenue grew 508.56% on a year-over-year basis.

D-Wave is a leader in the development and delivery of quantum computing systems, software, and services, and is the world’s first commercial supplier of quantum computers—and the only company building both annealing quantum computers and gate-model quantum computers.