D-Wave Quantum Inc (MEX:QBTS)

Q2 2025 D-Wave Quantum Inc Earnings Call Transcript

Aug 7, 2025 / 12:00 PM GMT

Transcript 10-Q8-K

Key Points

Positve

D-Wave Quantum Inc (QBTS) announced the general availability of its most advanced quantum computer, the Advantage II, which demonstrates significant performance improvements over previous systems.
The company has made strides in quantum AI development, launching an open-source toolkit that integrates with PyTorch, facilitating the creation of hybrid quantum-classical machine learning applications.
D-Wave Quantum Inc (QBTS) has established strategic relationships, such as with Yonsei University in South Korea, to advance quantum computing research and talent development.
The company reported a 42% increase in revenue for Q2 2025 compared to Q2 2024, driven by the Advantage II system upgrade.
D-Wave Quantum Inc (QBTS) has a strong cash position of $819.3 million, enabling potential M&A activities to further accelerate growth and development.

Negative

The company reported a significant net loss of $167.3 million for Q2 2025, primarily due to non-cash charges related to warrant liabilities.
Bookings for the first half of fiscal 2025 decreased by 13% compared to the same period in 2024, indicating potential challenges in securing new contracts.
The adjusted EBITDA loss increased by 44% in Q2 2025 compared to Q2 2024, reflecting higher operating expenses.
Deals are taking longer to close due to complex transaction structures and rigid procurement processes of larger organizations.
Non-GAAP gross margin slightly decreased by 1.3% in Q2 2025 compared to Q2 2024, indicating potential pressure on profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

QBTS.N - D-Wave Quantum Inc
Q2 2025 D-Wave Quantum Inc Earnings Call
Aug 07, 2025 / 12:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning everyone and welcome to Dweave's 2nd quarter of fiscal year 2025 earnings conference call. Today's conference call is being recorded. At this time. I would like to turn the call over to the best methods of investor relations. Please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thank you and good morning. With me today are Dr. Alan Barretts, our Chief Executive Officer, and John Markovich, our Chief Financial Officer. Before we begin, I would like to remind everyone that this call may contain forward-looking statements and should be considered in conjunction

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

30-Day 100% money back guarantee

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.