Key Takeaways QBTS delivered more than a 200% share-price gain in 2025, dramatically outperforming major tech leaders.D-Wave Quantum reported rapid revenue growth and Advantage2 deployments, including a EUR 10M deal.QBTS enters 2026 with strong liquidity but faces lumpy revenues, operating losses and a lofty valuation.While big tech dominated headlines in 2025, one of the year’s most surprising winners came from a far more futuristic corner of the market, quantum computing. D-Wave Quantum (QBTS) delivered m ...

The company aims to be an early mover in a potentially transformational opportunity.2025 is finally over, and it's an exciting time for technology investors as they ride the wave of new megatrends like generative artificial intelligence (AI) and quantum computing. With shares up by almost 200% over the last 12 months, D-Wave Quantum (QBTS +1.80%) has established itself as an early leader. But can the boom continue in 2026? Let's dig deeper to see if the company's fundamentals live up to the hype. Why did D- ...