D-Wave Quantum Stock Surges Over 50% on Record Revenue and Breakthrough Results

[Samiat]

D-Wave Quantum Stock Surges Over 50% on Record Revenue and Breakthrough Results​

D-Wave Quantum Inc. (NYSE: QBTS) saw its stock skyrocket by more than 50% on Thursday, driven by record-breaking first-quarter earnings and a major scientific milestone that boosted investor confidence in the quantum computing pioneer.

The company reported Q1 revenue of $15 million, marking a 509% year-over-year increase, fueled largely by the sale of its Advantage quantum computing system to Germany’s Jülich Supercomputing Centre. The surge in revenue also came with an improved bottom line: D-Wave narrowed its net loss to $5.4 million (2 cents per share) from $17.3 million (11 cents per share) a year earlier.

D-Wave also closed the quarter with a record consolidated cash balance of $304.3 million, which management says will comfortably fund operations until the company reaches profitability.

“The first quarter of 2025 was arguably the most significant in D-Wave’s history,” said CEO Alan Baratz. He highlighted the company’s historic achievement in March—becoming the first to demonstrate quantum supremacy over classical computing for a real-world problem, as documented in a peer-reviewed article published in Science.

Quantum Stocks in Focus​

The broader quantum computing sector has experienced increased investor attention since Alphabet (GOOG) unveiled its Willow quantum chip, claiming superior speed over classical alternatives. The momentum has added to the volatility and speculative trading seen in the space, impacting stocks like Rigetti Computing (RGTI) and Quantum Computing Inc. (QUBT).

Following D-Wave’s impressive results:

• QBTS shares surged over 50% to $10.44, nearing their all-time high of $11.95.
• Rigetti Computing (RGTI) climbed 11%.
• Quantum Computing Inc. (QUBT) gained 19%.