D-Wave Quantum Inc. - Common Stock (QBTS)

The quantum computing pure play has its sights on a potentially profitable niche of this nascent technology.

One overlooked point could change how investors see this quantum computing company. Explore what its financial results reveal about the growth opportunity and the risks ahead.

D-Wave grew revenue 178% in 2025 while Rigetti's fell 34%, yet both burn cash at similar rates, a stark contrast that reshapes the investment calculus.

Be cautious before rushing into pure-play quantum computing.

IonQ, D-Wave, and QCI are worth a closer look.

These pure plays are taking different approaches to quantum computing, and both already trade at rich valuations.

Ahead of earnings, IonQ and D-Wave show contrasting growth forecasts, while legacy firms IBM and Alphabet leverage infrastructure, funding, and quantum tech advances like Google's Willow processor.

Teradyne, Grail, Kratos Defense, FormFactor and Fabrinet have pulled back despite strong growth, setting up potential entry points in robotics, quantum and AI.

D-Wave has paying customers and promising technology. But its stock price may demand more growth than the business can deliver.

What would it take for these six next-generation tech stocks to double?

Quantinuum hit 99.9995% logical fidelity on its Helios system and holds $2.1 billion in cash, even as shares trade near 52-week lows and Morgan Stanley issues an Overweight rating.

D-Wave Quantum expanded its SkyWater foundry partnership and delivered Italy's first annealing quantum system, as QBTS shares remain down about 58% year to date ahead of earnings.

The people who know Wall Street’s pure-play quantum computing companies best are sending all the wrong signals.

Three of these companies are pure plays burning cash in pursuit of a market that barely exists yet. For the other three, quantum computing is a sideshow -- so far.

What comes next for this pure-play quantum computing specialist?

Looking for a quantum computing stock? D-Wave offers exposure to an emerging industry, with paying customers and plenty still to prove.

Big risks can often yield big rewards.

The Defense Department pledged about $350 million for quantum computing, with IonQ and DARPA's Quantum Benchmarking Initiative emerging as key beneficiaries, though revenue impact remains uncertain.

D-Wave is already generating revenue while QuantumScape remains pre-revenue, but both burn cash heavily, a critical distinction for growth investors weighing near-term execution against long-term potential.

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IonQ and D-Wave are two popular pure play quantum computing stocks.

There are good reasons not to jump on board with quantum computing stocks just yet.

D-Wave is growing revenue at nearly 180% while Rigetti trades at a lower valuation, but both burn cash heavily and face unproven commercial roadmaps.

D-Wave Quantum launched a beta gate-model quantum simulator, signaling progress beyond annealing tech, though the move is unlikely to boost near-term revenue as shares remain down 45% YTD.

Both pure plays just received additional government funding and have a few customers.