Quantum computing systems firm D-Wave's Q3 revenue beats

D-Wave Quantum

06/11/2025 12:30

Overview

D-Wave fiscal Q3 revenue grows 100% yr/yr, beating analyst expectations

Company reports highest cash balance in history at $836 mln

Net loss for fiscal Q3 increases due to non-cash warrant liability charges

Outlook

Company did not provide specific financial guidance for future periods

Result Drivers

REVENUE GROWTH - Co reports 100% yr/yr revenue increase driven by demand for quantum solutions and strategic partnerships

BOOKINGS INCREASE - Co reports 80% increase in qtr bookings, reflecting strong customer demand

INTERNATIONAL EXPANSION - Co expands into Italy with €10 mln booking for quantum computing facility

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$3.74 mln
$3.03 mln (10 Analysts)
Q3 Net Income
-$139.99 mln
Q3 Gross Profit
$2.67 mln
Q3 Income From Operations
-$27.74 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "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 $24.00, about 29.2% below its November 5 closing price of $31.02

Press Release: ID:nBw6RwGb7a

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)