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D-Wave (QBTS) Q4 2025 Earnings Call Transcript


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Thursday, Feb. 26, 2026 at 8:00 a.m. ET

D-Wave Quantum (NYSE:QBTS) reported substantial year-over-year revenue growth and expanded its quantum computing offerings through commercial wins and dual platform innovation. The acquisition of Quantum Circuits introduced dual-rail gate-model technology, enhancing the company’s technical roadmap and market reach. Momentum in both system sales and QCaaS accelerated, with landmark deals including a $20 million system sale and a $10 million enterprise service agreement. Investment in R&D and operations is scaling, supported by an enlarged cash position and multipronged go-to-market initiatives.

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Source Fool.com

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