FAQ on D-Wave Quantum Inc.'s Q2 2025 Financial and Operational Achievements
Summary
What financial achievements did D-Wave Quantum Inc. report for Q2 2025?
D-Wave Quantum Inc. reported Q2 2025 revenue of $3.1 million and gross profit of $2.0 million, both up 42% year-over-year, and ended the quarter with a record $819 million in cash.
What operational milestones did D-Wave achieve during Q2 2025?
D-Wave launched its sixth-generation Advantage2 quantum computer system, signed a memorandum of understanding for an on-premises system in South Korea, released quantum AI and ML offerings, introduced a cryogenic packaging initiative, and secured engagements with notable customers.
Who are some of the new or renewing customers of D-Wave mentioned in the report?
New and renewing customers include GE Vernova, Nikon, NTT Data, Sharp Corporation, and the University of Oxford.
How does D-Wave’s quantum computing technology stand out?
D-Wave is the world’s first commercial supplier of quantum computers, offering both annealing and gate-model quantum computers with the largest QPUs featuring sub-second response times, available on-premises or via cloud service with 99.9% availability.
What is the significance of D-Wave’s record cash position?
The record $819 million in cash, following a successful $400 million ATM equity offering, signifies strong financial health and supports D-Wave’s ongoing and future quantum computing initiatives.
Where can I find more information about D-Wave Quantum Inc.?
More information is available on D-Wave’s website at www.dwavequantum.com and in the company’s newsroom at https://ibn.fm/QBTS.
What are the forward-looking statements mentioned in the press release?
The press release contains forward-looking statements about D-Wave’s future performance, which are subject to risks and uncertainties that could cause actual results to differ materially.
What strategic initiative did D-Wave introduce in Q2 2025?
D-Wave introduced a new strategic initiative focused on advanced cryogenic packaging, alongside other developments in quantum computing systems and services.
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