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Source document· January 22, 2026

D-Wave (QBTS) Q2 2025 Earnings Call Transcript

View original at finance.yahoo.com
D-Wave (QBTS) Q2 2025 Earnings Call Transcript Image source: The Motley Fool. DATE Thursday, August 7, 2025 at 8:00 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Alan E…
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  • Quarterly non-GAAP OpEx will be approximately 15% higher than Q2 actual for remainder of 2025

    80% confidence
  • DARPA made a huge mistake by excluding annealing from the QBI program

    80% confidence
  • Characterizing annealing quantum computing as niche is misleading and ill-informed

    80% confidence
  • D-Wave has the opportunity to be the first independent publicly held quantum computing company to achieve sustained profitability

    80% confidence
  • M&A is now a strategic priority with goal to announce acquisitions in 2025

    80% confidence
  • D-Wave was the first to achieve quantum supremacy on a useful real-world problem

    80% confidence
  • Peer-reviewed research shows annealing quantum computers outperform and will continue to outperform gate model on optimization problems

    80% confidence
  • Gate model quantum computers cannot universally solve all problems better than classical computers

    80% confidence

Data points we hold from this source

D-Wave Quantum Inc. · gross profit non gaap1.6 million_USD
D-Wave Quantum Inc. · retention rate90 percent
D-Wave Quantum Inc. · revenue2.2 million_USD
D-Wave Quantum Inc. · gross profit gaap2.0 million_USD
D-Wave Quantum Inc. · analyst coverage10 analysts
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A wave of vertical AI-agent startups (Swarm, Veridox, Avallon AI, DA2, F2, Earthian, Meanwhile, Covecta, Penguin AI, Maisa AI) is being funded and profiled just as major infrastructure players — Microsoft/Mistral, Siemens/NVIDIA, and Manulife/Microsoft — cement enterprise AI governance and compute partnerships. Yet a Google Cloud report shows AI agents still lack access to the majority of company data (only 45% on average), and insider selling at incumbent C3.ai signals investor caution even as adoption intent (100% planned agentic AI use within two years) races ahead of actual data infrastructure.
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