D-Wave Quantum Inc.
QBTS-WT
New York Stock Exchange21.62
USD
-0.96
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D-Wave Quantum Inc.
QBTS-WT
(New York Stock Exchange)
Recent
price
21.62
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- D-Wave Quantum Inc. (QBTS-WT) develops and delivers quantum computing systems, software, and services worldwide, specializing in annealing quantum computers with ongoing development of gate-model technology; core offerings include the Advantage and 4400+ qubit Advantage2 annealing quantum processors available on-premises or via the Leap quantum cloud service, Ocean developer tools and hybrid solvers for optimization, artificial intelligence, and research applications, and professional services such as the Launch program for enterprise implementation. Founded in 1999 and headquartered in Burnaby, British Columbia, Canada, with key offices in Palo Alto, California, and Washington, D.C., the company serves over 100 customers including Lockheed Martin, Ford Otosan, BASF, BBVA, and government entities across manufacturing, logistics, financial services, life sciences, and national defense sectors in North America, Europe, Asia, and beyond. Recent developments encompass a July 2025 strategic partnership with NASA's Jet Propulsion Laboratory for advanced cryogenic packaging to scale toward 100,000-qubit systems, a €10 million Q4 2025 booking for 50% capacity of an Advantage2 system supporting a quantum hub in Lombardy, Italy, with the Q-Alliance and Italian government, activation of an Advantage2 system at Davidson Technologies in Huntsville, Alabama, for U.S. defense applications including radar and logistics optimization, $400 million equity funding in mid-2025 to fuel growth and potential acquisitions, Q3 2025 revenue doubling year-over-year to $3.7 million with record $836 million cash balance, and new customer wins such as SkyWater Technology, Japan Tobacco's pharmaceutical division, Yapi Kredi bank, and Korea Quantum Computing.