D-Wave Quantum Inc.

QBTS Nasdaq Technology · Services-Computer Processing & Data Preparation Palo Alto, CA www.dwavequantum.com/
$15.79
Mkt Cap 5.83B

Maker of quantum computing systems (annealing and gate-model) and related software and services used to solve complex computational problems.

From the annual report

At D-Wave, our mission is to help customers realize the value of quantum computing to address complex computational problems that cannot be solved with classical computing alone. As a pioneer in the quantum industry for more than 25 years, D-Wave is the world’s first company to deliver commercial-grade annealing quantum computing systems and solutions. We are also the only dual-platform quantum computing company, providing both annealing and gate-model systems, software, and services to address customers’ full range of computational problems. We believe that we are leading the industry in ushering in the era of enterprise quantum computing. We are driving the transition from academic endeavors exploring quantum’s potential to enterprise-scale adoption and deployment, solving some of the world’s toughest problems. Based on our strategic decision to initially bring to market a type of quantum technology that is easier to scale annealing quantum computing, we hold a first-mover advantage that no other company in the world can claim. Our market leadership position is evident we were the first to launch commercial quantum systems, the first to achieve a demonstration of quantum supremacy on a useful, real-world problem, the first to have quantum applications running in production for commercial customers, and the first with commercial customer use of its quantum computing technology with AI model training. Built upon our decades of quantum innovation, we offer a full stack of quantum systems, software and services capable of solving highly complex problems today.

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REVENUE TTM
$12.4M
FCF TTM
-$119.1M
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