D-Wave (QBTS) Falls 8.9% on Dismal Q3

Core Viewpoint - D-Wave Quantum Inc. (NYSE:QBTS) is experiencing significant selling pressure due to disappointing earnings results, leading to a notable decline in stock price [1]. Financial Performance - D-Wave reported a widened net loss of $140 million, a 516% increase from a loss of $22.7 million in the same period last year, primarily due to $121.9 million in non-cash, non-operating charges related to warrant liability remeasurement and realized losses from warrant exercises [2]. - Revenues increased by 98% to $3.7 billion, up from $1.87 billion year-on-year, indicating strong growth despite the net loss [2]. Management Commentary - CEO Alan Baratz highlighted the strong third-quarter results, emphasizing momentum across all business aspects, with key metrics such as revenue, gross profit, bookings, and cash balance reflecting D-Wave's success in accelerating global quantum computing adoption [3]. - Baratz also noted the importance of D-Wave in delivering quantum computing value to various sectors while advancing technology for future impact [4].