D-Wave beats Q2 revenue estimates, achieves record cash balance

D-Wave Quantum

07/08/2025 12:22

Overview

D-Wave Q2 fiscal revenue rises 42% yr/yr, beating analyst expectations

Net loss for Q2 fiscal 2025 increases due to warrant liability charges

Company ends Q2 with record cash balance of $819.3 mln

Outlook

Company plans strategic acquisitions with $400 mln ATM offering proceeds

D-Wave aims to accelerate quantum processor development with cryogenic packaging

Company focuses on expanding quantum computing adoption in South Korea

D-Wave highlights strong cash position for future growth initiatives

Result Drivers

ADVANTAGE2 LAUNCH - Introduction of Advantage2 quantum computer contributed to revenue growth

STRATEGIC INITIATIVES - Memorandum of understanding in South Korea and developer tools for quantum AI and ML innovation supported business expansion

CASH BALANCE - Record cash balance achieved through $400 mln equity offering and warrant exercises

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$3.10 mln
$2.52 mln (8 Analysts)
Q2 Net Income
Miss
-$167.33 mln
-$14.60 mln (5 Analysts)
Q2 Basic EPS
Miss
-$0.55
-$0.05 (6 Analysts)
Q2 Gross Profit
$1.98 mln
Q2 Income From Operations
-$26.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the it services & consulting peer group is "buy"

Wall Street's median 12-month price target for D-Wave Quantum Inc is $20.00, about 12.1% above its August 6 closing price of $17.58

Press Release: ID:nBw6q28XMa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)