QBTS · CIK 0001907982 · operating
D-Wave Quantum develops and commercializes quantum computing systems, cloud services, and software tools. The company manufactures Advantage and Advantage 2 quantum computers based on quantum annealing technology and operates Leap, a cloud platform providing on-demand access to quantum hardware and hybrid solvers that combine quantum and classical computing resources. The company also offers Ocean, a suite of open-source developer tools, and D-Wave Launch, a service designed to help enterprises identify and implement production-ready quantum applications.
The company addresses optimization problems across multiple sectors, including logistics, resource scheduling, financial portfolio optimization, drug discovery, manufacturing, and maintenance operations. Revenue is generated through quantum system sales, cloud service subscriptions via Leap, and professional services related to application development and deployment.
D-Wave operates with approximately 216 full-time employees and is headquartered in Palo Alto, California. The company maintains a global customer base and was incorporated in Delaware in 1999. It is listed on the NYSE under the ticker QBTS.
Fiscal years are as reported by the company and may not align with the calendar year. For example, Apple's FY 2024 ends in September 2024.
| Fiscal Year | EPS Diluted | EPS Basic | YoY | |
|---|---|---|---|---|
| 2025 | $-1.11 | $-1.11 | -48.0% | |
| 2024 | $-0.75 | $-0.75 | -25.0% | |
| 2023 | $-0.60 | $-0.60 | -39.5% | |
| 2022 | $-0.43 | $-0.43 | — |