D-Wave Quantum | 8-K: D-Wave Reports Fourth Quarter and Year-End 2025 Results

D-Wave Quantum reported strong financial results for FY2025, with revenue surging 179% YoY to $24.6 million. The company's gross profit increased 265% to $20.3 million, while maintaining a healthy gross margin of 82.6%. The consolidated cash and marketable securities reached a record $884.5 million by year-end, up 397% from 2024.The company secured significant new business, including a $20 million system purchase from Florida Atlantic University and a $10 million two-year enterprise QCaaS agreement with a Fortune 100 company. D-Wave also completed the acquisition of Quantum Circuits, enhancing its capabilities in error-corrected superconducting gate-model quantum computing systems.Notable technological achievements include demonstrating the first scalable on-chip cryogenic control of gate-model qubits and collaborating with Davidson Technologies and Anduril Industries on quantum-classical hybrid applications for U.S. air and missile defense planning, delivering 10x faster solutions and improved threat mitigation capabilities.

D-Wave Quantum reported strong financial results for FY2025, with revenue surging 179% YoY to $24.6 million. The company's gross profit increased 265% to $20.3 million, while maintaining a healthy gross margin of 82.6%. The consolidated cash and marketable securities reached a record $884.5 million by year-end, up 397% from 2024.The company secured significant new business, including a $20 million system purchase from Florida Atlantic University and a $10 million two-year enterprise QCaaS agreement with a Fortune 100 company. D-Wave also completed the acquisition of Quantum Circuits, enhancing its capabilities in error-corrected superconducting gate-model quantum computing systems.Notable technological achievements include demonstrating the first scalable on-chip cryogenic control of gate-model qubits and collaborating with Davidson Technologies and Anduril Industries on quantum-classical hybrid applications for U.S. air and missile defense planning, delivering 10x faster solutions and improved threat mitigation capabilities.