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D-Wave Quantum (QBTS)
NYSE:QBTS
Earnings Data
Report Date
May 14, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.07Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: 43.64%
|Next Earnings Date:May 14, 2025
Earnings Call Sentiment|Neutral
D-Wave's earnings call highlighted significant achievements in quantum supremacy and a strong financial position, yet also reflected challenges such as flat revenue growth and increased net losses. The record bookings and first Advantage system sale underscore business momentum, while the financial losses indicate a need for careful management moving forward.Company Guidance
D-Wave's earnings call for the fourth quarter of fiscal year 2024 highlighted several key metrics and achievements. The company reported record quarterly bookings of $18.3 million, driven by the first sale of an Advantage system to the Jülich supercomputing center. This transaction contributed to a 502% year-over-year increase in fourth-quarter bookings compared to 2023. D-Wave also disclosed a strong cash position, with over $300 million on hand, bolstered by $175 million in gross proceeds from two ATM programs completed in 2024. The company's revenue for fiscal 2024 was $8.8 million, consistent with fiscal 2023, while bookings for the year reached $23.9 million, marking a 128% increase from the previous year. D-Wave's GAAP gross profit grew by 20% to $5.6 million, with a GAAP gross margin increase to 63%. The net loss for fiscal 2024 was $143.9 million, influenced largely by a $68.3 million non-cash charge related to warrant liability re-measurement. The adjusted EBITDA loss for 2024 was $56 million, up 3% from the prior year. Looking ahead, D-Wave expects first-quarter revenue for fiscal 2025 to exceed $10 million, anticipating further momentum from their quantum computing advancements and strategic sales.Record Quarterly Bookings
D-Wave recorded $18.3 million in bookings for Q4 2024, a 502% increase over the fourth quarter of 2023.
Quantum Supremacy Achievement
D-Wave demonstrated quantum supremacy on a real-world problem using its 1,200 qubit Advantage 2 prototype, a significant milestone published in the journal Science.
Cash Position and Profitability Outlook
The company has over $300 million in cash, expected to be sufficient to reach sustained profitability, potentially making D-Wave the first pure-play quantum company to do so.
First Advantage System Sale
D-Wave completed the first sale of an Advantage system to the Jülich supercomputing center, marking a significant business achievement.
Non-GAAP Gross Margin Improvement
D-Wave's non-GAAP gross margin for fiscal 2024 was 72.8%, a 3% increase from fiscal 2023's 69.8%.
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QBTS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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QBTS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | $5.82 | $6.91 | +18.73% |
| Nov 14, 2024 | $1.78 | $1.87 | +5.06% |
| Aug 08, 2024 | $0.81 | $0.80 | -1.23% |
| May 13, 2024 | $1.30 | $1.37 | +5.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does D-Wave Quantum (QBTS) report earnings?
D-Wave Quantum (QBTS) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is D-Wave Quantum (QBTS) earnings time?
D-Wave Quantum (QBTS) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is QBTS EPS forecast?
QBTS EPS forecast for the fiscal quarter 2025 (Q1) is -0.04.
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