D-Wave Quantum Inc.: Business Overview, Financials & Competitive Analysis
D-Wave Quantum Inc. scores 9/10 on the AskCyborg Cyborg Score (Exceptional). Market opportunity estimated at $850B with dual-platform positioning, exceptional financial momentum, and demonstrated quantum supremacy create outsized growth potential. FY 2025 revenue increased 179% year-over-year and gross profit increased 265% year-over-year, with D-Wave ending 2025 with the highest liquidity position in company's history at over $884 million. Researchers recently.
What is D-Wave Quantum Inc.'s industry? D-Wave Quantum Inc. (dwavesys.com) operates in Quantum Computing. AskCyborg classifies D-Wave Quantum Inc. under Quantum Computing in its company registry.
D-Wave Quantum is the only dual-platform quantum computing company, providing both annealing and gate-model systems, software, and services. As the sole quantum computing company pursuing both annealing and gate-model...
Cyborg Score thesis
Market opportunity estimated at $850B with dual-platform positioning, exceptional financial momentum, and demonstrated quantum...
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Get Current Report FreeD-Wave Quantum Inc. Overview
Pro stress-test →D-Wave Quantum is the only dual-platform quantum computing company, providing both annealing and gate-model systems, software, and services. As the sole quantum computing company pursuing both annealing and gate-model quantum computing systems, D-Wave is uniquely positioned to participate in the full addressable quantum computing market.
Strategic Profile
Pro stress-test →A wave of investor enthusiasm for quantum computing across 2024 and 2025 lifted QBTS, and by 2026 it became one of the best-capitalized names in the quantum field. Q1 2026 bookings reached $33.4M, up 1,994% year-over-year, reflecting strong customer demand and expanded go-to-market organization.
Competitive Landscape
Pro stress-test →D-Wave competes in the emerging quantum computing market alongside IonQ, Rigetti, Quantinuum, and other quantum platforms. D-Wave's dual-platform approach (annealing + gate-model) differentiates it from single-platform competitors, with production-ready annealing systems today and gate-model systems projected to reach production readiness in 5+ years. D-Wave is the only company to achieve quantum supremacy on a useful, real-world problem and operates one of the top 5 global quantum computing patent portfolios.
Industry Context
D-Wave Quantum Inc. operates in Quantum Computing.
Key facts
Founded: 1999 · Headquarters: Palo Alto, US · Employees: N/A · Revenue: FY 2025: 179% YoY growth (as of February 2026) · Market cap: N/A