D-Wave Quantum Shares Surge Amid Record Financial Results

VANCOUVER, Canada — D-Wave Quantum Inc. has made notable advancements this month, with its stock increasing by 59.6% as of May 16, outperforming the Internet Software sector’s 16.2% gain and the S&P 500’s 5.7%. This remarkable rally is largely attributed to strong first-quarter financial results and groundbreaking technological achievements in the quantum computing space.

For the first quarter of 2025, D-Wave reported revenues soaring by 509% compared to the previous year, primarily driven by the sale of its Advantage2 system to the Julich Supercomputing Center. The company noted a substantial boost in gross profit, with GAAP profits rising by 736% and non-GAAP profits by 644%.

Despite a decline in bookings by 64%, D-Wave expanded its customer base to 133, which includes 69 commercial clients among Forbes Global 2000 companies. The net loss shrank to two cents per share, a significant improvement compared to an 11-cent loss in the same quarter last year, marking the lowest loss since D-Wave’s public debut in 2022.

The excitement in the market is further fueled by D-Wave’s recent achievement of quantum supremacy. During testing, its 1,200-qubit Advantage2 prototype was able to simulate complex magnetic materials in minutes—a task that would normally take the Oak Ridge National Laboratory’s exascale supercomputer nearly one million years. This accomplishment has established D-Wave as a leader in real-world quantum computing applications.

CEO Dr. Alan Baratz highlighted this breakthrough during an appearance on Fox Business’ The Claman Countdown on May 9, where he spoke about the increasing interest from supercomputing facilities and national laboratories. He emphasized that D-Wave’s sales, typically valued between $20 million and $40 million, are contributing momentum as enterprises and governments seek quantum-powered solutions.

D-Wave is currently the only company with production-level quantum applications in active use, with major corporations like Ford Otosan, NTT DOCOMO, and Japan Tobacco leveraging its technology for critical operations such as manufacturing scheduling and drug discovery.

During the recent Qubits 2025 conference, D-Wave announced record attendance, with both in-person and virtual participation significantly increasing. The event included real-world use cases from several prominent customers.

Technical analyses indicate that D-Wave’s strong performance is reflected in its stock trends, with the 50-day simple moving average (SMA) surpassing the 200-day SMA, signaling investor confidence in the company’s future.

The quantum computing market is projected to grow significantly, with estimates suggesting it could reach $125 billion by 2030. This growth, combined with D-Wave’s unique position in the marketplace, presents a compelling investment opportunity for those looking for stocks with long-term potential.