Yahoo Finance·2025-12-30 08:00Financial Performance - D-Wave reported a significant revenue increase in 3Q25, rising from $1.9 million to $3.7 million, nearly a 100% gain year-over-year [1] - The adjusted net loss improved to $18.1 million, or 5 cents per share, compared to a loss of $23.2 million, or 12 cents per share in 3Q24, exceeding expectations by 2 cents per share [1] - D-Wave's stock has surged by 201% in 2025 [1] Intellectual Property and Technology - D-Wave has over 260 U.S. granted patents protecting its technology and innovations [2] - The company operates at all levels of the quantum computing segment, producing both hardware (quantum computers) and software, positioning itself as a full-stack quantum company [3] Market Position and Services - D-Wave is a leader in the quantum computing industry, having launched its real-time quantum cloud service, Leap, in 2018, which offers 99.9% uptime and advanced quantum processing units [4] - The company is recognized for its potential to revolutionize various sectors, including AI applications, cloud computing, and encryption [5] Analyst Insights and Ratings - Wedbush analyst Antoine Legault highlights D-Wave's broad commercial adoption potential and significant addressable market, giving it a Buy rating with a $35 price target, indicating a 38% upside [8] - The consensus rating for D-Wave is Strong Buy, with 13 recent positive analyst reviews and an average price target of $40, suggesting a 58% one-year upside [8]