- D-Wave reported Q1 2025 revenue of $15 million, up 509% year over year.
- The revenue jump was driven by the sale of an Advantage(TM) quantum system to the Jülich Supercomputing Centre in Germany.
- CEO Dr. Alan Baratz says D-Wave’s recent quantum supremacy demonstration influenced the sale, while also catching the attention of the supercomputer community and national labs around the world.
- Dr. Baratz reiterated that annealing quantum computing is uniquely suited for real-world optimization tasks.
D-Wave Quantum Inc. (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software, and services, is seeing momentum build on both the technical and commercial fronts, according to CEO Dr. Alan Baratz, who appeared on Fox Business’ The Claman Countdown to discuss the company’s progress (https://ibn.fm/fVsGS).
Baratz emphasized a significant milestone recently achieved by the company: the sale of a D-Wave(TM) Advantage quantum computing system to Germany’s Jülich Supercomputing Centre (“JSC”), a deal that contributed to a sharp increase in Q1 revenue. D-Wave reported quarterly revenue of $15 million, a 509% increase compared to $2.5 million in the same quarter last year. The gain was primarily attributed to the Advantage system sale to JSC.
The installation at JSC is notable not only for the revenue it generated but also for its technical implications. The Advantage system is anticipated to be integrated with JUPITER, Europe’s first exascale supercomputer. JUPITER is expected to perform over one quintillion calculations per second, and its coupling with a quantum annealing machine could represent a unique configuration aimed at exploring hybrid quantum-classical computing models. The integration of an annealing quantum computer with an exascale system may open up new research opportunities in materials science, AI optimization, financial modeling, and other areas that require solving complex computational problems.
The sale came on the heels of D-Wave’s recent demonstration of quantum supremacy. In that demonstration, the company’s Advantage2(TM) annealing quantum computing system outperformed a classical supercomputer in solving a magnetic materials simulation problem. During the Fox Business interview, Baratz said the results “caught the attention of the supercomputer community and national labs around the world with a realization that these systems could be used to do some very interesting deep research into new areas” (https://ibn.fm/m0b8e).
Annealing quantum computing systems are uniquely suited for real-world optimization problems faced by businesses today in sectors like logistics, finance, and manufacturing. The D-Wave CEO emphasized that his company’s technology is used in real-world applications for multiple clients now, including Ford Otosan, which deployed a hybrid-quantum application to reduce vehicle production scheduling time from 30 minutes to under five minutes, and Japan Tobacco’s pharma unit, which is using D-Wave’s quantum computer in a drug discovery pilot project, yielding improved molecular structures compared to classical-only approaches.
About D-Wave Quantum Inc.
D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world’s first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our quantum computers, the world’s largest, are available on-premises or via the cloud, supported by 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our quantum systems to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we’re shaping the quantum-driven industrial and societal advancements of tomorrow: www.dwavequantum.com
NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS
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