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Source document· January 22, 2026

D-Wave (QBTS) Q2 2025 Earnings Call Transcript

View original at finance.yahoo.com
D-Wave (QBTS) Q2 2025 Earnings Call Transcript Image source: The Motley Fool. DATE Thursday, August 7, 2025 at 8:00 a.m. ET CALL PARTICIPANTS Chief Executive Officer — Alan E…
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  • Characterizing annealing quantum computing as niche is misleading and ill-informed

    80% confidence

  • DARPA made a huge mistake by excluding annealing from the QBI program

    80% confidence

  • D-Wave has the opportunity to be the first independent publicly held quantum computing company to achieve sustained profitability

    80% confidence

  • D-Wave was the first to achieve quantum supremacy on a useful real-world problem

    80% confidence

  • Quarterly non-GAAP OpEx will be approximately 15% higher than Q2 actual for remainder of 2025

    80% confidence

  • M&A is now a strategic priority with goal to announce acquisitions in 2025

    80% confidence

  • Peer-reviewed research shows annealing quantum computers outperform and will continue to outperform gate model on optimization problems

    80% confidence

  • Gate model quantum computers cannot universally solve all problems better than classical computers

    80% confidence

Data points we hold from this source

D-Wave Quantum Inc. · gross profit non gaap1.6 million_USD
D-Wave Quantum Inc. · retention rate90 percent
D-Wave Quantum Inc. · revenue2.2 million_USD
D-Wave Quantum Inc. · gross profit gaap2.0 million_USD
D-Wave Quantum Inc. · analyst coverage10 analysts
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What we're seeing
AI Capital Surge: Late-August 2026 Funding Wave Spans Fintech, Enterprise Agents, and Robotics
A dense cluster of funding rounds landing on 2026-08-28 — from identity/fraud fintech player Socure ($156M plus its acquisition of Fravity) to enterprise AI agent startups (Instinct, Generalist AI, Owner), model infrastructure (Stability AI, Emerald AI), and autonomous logistics/aerospace (Gatik, Regent Craft) — signals investors are rotating aggressively into AI-native companies with demonstrable ROI, especially in financial risk/compliance and back-office automation. Parallel signals (Multiverse Computing's compression benchmarks cutting inference cost/latency, and Arkestro/CloneOps.ai publishing hard savings and labor-displacement figures) suggest the funding is chasing efficiency and measurable economic impact rather than pure model scale.
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Satellite-Terrestrial Network Integration Acceleration
Increased investment and launches in hybrid satellite-cellular networks across telecom industry; competitive responses from other carriers; regulatory activity around satellite spectrum; expansion of emergency/rural connectivity use cases
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Where sources disagree
ING Group
Both facts record the same metric (shares_outstanding) for ING Group at the identical observation date (2025-12-31). FACT A states 2,902,437,688 shares; FACT B states 2,902 million shares (2,902,000,000). The difference is 437,688 shares (~0.015%). This is a genuine value conflict, though the discrepancy appears to result from FACT B rounding to the nearest million while FACT A provides the precise count.
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