D-Wave Quantum: Q4 and Fiscal Year 2024 Results Announcement on March 13

D-Wave Quantum Inc. (NYSE: QBTS), a leader in commercial quantum computing systems, software, and services, has scheduled its fourth quarter and fiscal year 2024 financial results announcement for March 13, 2025, before market open. The company will host a conference call at 8:00 a.m. Eastern Time on the same day, featuring CEO Dr. Alan Baratz and CFO John Markovich. The earnings release will be accessible on D-Wave's Investor Relations website.

D-Wave Quantum, which is the world’s first commercial supplier of quantum computers and the only company building both annealing and gate-model quantum computers, has been driving measurable outcomes for its customers and creating a market for commercial quantum computing. The company's unique position in the market, as the only supplier of annealing quantum computers, has allowed it to attract a diverse customer base, including 26 Forbes Global 2000 companies, which represent 33% of its commercial customer base and 26% of its total revenue.



In the fourth quarter of fiscal 2023, D-Wave reported a 21% year-over-year increase in revenue, amounting to $2.9 million, marking the third consecutive quarter of sequential growth. The company also saw bookings rise to $3.1 million, a 34% increase from Q4 2022 Bookings, representing the company’s seventh consecutive quarter of year-over-year growth in quarterly Bookings. Moreover, D-Wave’s GAAP gross profit surged by 45% to $2.0 million, and its GAAP gross margin expanded significantly to 67.7%, both indicators of the company’s robust financial health and operational efficiency.



D-Wave's strategic focus on annealing quantum computing has significantly contributed to its commercial success and market leadership. The company's unique position in the market, as the only supplier of annealing quantum computers, has allowed it to drive measurable outcomes for its customers and create a market for commercial quantum computing. This focus has enabled D-Wave to attract a diverse customer base, including 26 Forbes Global 2000 companies, which represent 33% of its commercial customer base and 26% of its total revenue.



D-Wave's expanding customer base, including major government and Forbes Global 2000 clients, significantly impacts its long-term growth prospects and market position. As of the latest report, D-Wave serves 130 customers, up from 114 in the previous year, with 77 being commercial customers. Notably, 26 of these commercial customers are Forbes Global 2000 companies, representing 33% of D-Wave's commercial customer base and 26% of its total revenue. This growth in the customer base demonstrates the increasing adoption of D-Wave's quantum computing solutions across various sectors, including major corporations and government agencies.

D-Wave's strategic partnerships and collaborations have also contributed to its long-term growth prospects. The company has formed strategic partnerships with major organizations, such as Japan's largest mobile phone operator, NTT DOCOMO, and Japan Tobacco Inc. (JT). These partnerships enable D-Wave to work with leading companies in their respective industries, driving innovation and commercial adoption of quantum computing solutions.



In conclusion, D-Wave Quantum's Q4 and fiscal year 2024 results announcement on March 13, 2025, is highly anticipated by investors and industry observers alike. The company's strategic focus on annealing quantum computing, expanding customer base, and strategic partnerships have all contributed to its commercial success and market leadership. As D-Wave continues to innovate and drive measurable outcomes for its customers, investors can expect the company to maintain its strong financial performance and solidify its position as the leader in the quantum computing market.