D-Wave Quantum Rallies on Capital Raise: More Upside Ahead for QBTS?

Key Takeaways QBTS revenues jumped 509% YoY in Q1, driven by a $12.6M quantum system sale to a German supercomputing center. D-Wave posted a 92.5% gross margin and halved its adjusted EBITDA loss, showing improved operating leverage. A $400M equity raise at 149% premium lifted QBTS' cash to $815M, enabling expansion and strategic flexibility.D-Wave Quantum Inc. (QBTS) is demonstrating strong financial momentum, banking on increased operational scale. In the first quarter of 2025, the company reported a st ...